Hybrid Operating Room Market Size, Share & Trends Analysis Report By Component (Intraoperative Diagnostic Imaging Systems, Operating Room Fixtures, Surgical Instruments, Audiovisual Display Systems and Tools, Others), by Device type (Audio Video Management System, Display System, Documentation Management System) Application (Cardiovascular Applications, Neurosurgical Applications, Thoracic Applications, Orthopedic Applications, Endo-Bronchial Procedures, Others), End User (Hospitals and Surgical Centers, Clinics, Medical Research Firms, Ambulatory Surgical Centers), and region (North America, Europe, Asia-Pacific, Middle East, and Africa and South America).
The global Hybrid Operating Room Market size is USD 10628.02 million in 2022 and is projected to reach a CAGR of 11.12% from 2023-2030.
A hybrid operating room is a type of surgical theatre or space that has C-arms, CT scanners, and MRI scanners for medical imaging. It also supports high-quality interventional imaging procedures as well as complicated open and minimally invasive surgeries. Hybrid operating rooms are beneficial to both patients and healthcare providers. Hybrid operating rooms of the present day are used for a wide range of procedures that are less invasive than traditional procedures and allow patients to recover faster.
The primary factor driving the market growth is the increasing adoption of minimally invasive surgical procedures and technological advancements. Because they cause fewer complications and less blood loss, minimally invasive surgery (MIS) procedures are increasingly being chosen by patients. In addition, they require a shorter hospital stay and have a lower rate of readmission than open surgeries. Additionally, minimally invasive procedures are less expensive than open procedures.
In a comprehensive strategy to address the backlogs, advancements in AI technology may play a crucial role in enhancing efficiency and lowering costs for hospitals and surgical facilities. In addition, some of the factors that are contributing to market growth include the development of advanced imaging and diagnostic technologies for the operating room (OR), rising government funding for projects to improve OR infrastructure or redevelopment in hospitals, the growing need to reduce healthcare expenditure, and an increase in investments in OR equipment.
Patients waiting for surgery experienced significant wait times as a result of the COVID-19 virus. According to a study that was published in the British Journal of Surgery, COVID-19 caused 28 million surgeries to be postponed or cancelled worldwide in 2020, with millions of surgeries delayed until 2021. As a result, the need to improve scheduling efficiencies has grown in importance as thousands of patients face surgery delays. Consequently, market participants have introduced a variety of technologies to meet operating room integration demand.
The global hybrid operating room market's size is being driven by significant technological advancements. Market expansion has been aided by an increase in the use of robotic procedures in a number of nations, including the United States, Germany, the United Kingdom, and Japan. Companies in the medical, healthcare, and government sectors are increasing their R&D investments, accelerating global market progress. The global expansion of the hybrid operating room market is also anticipated to be aided by an increase in minimally invasive procedures.
Asia Pacific to Dominate the Market