According to a new market research report “Hybrid Operating Room Market by Component (Surgical Booms, Surgical Lights, Operation Tables, MRI, CT, Angiography, AV Tools), Application (Cardiovascular, Neurovascular, Thoracic, Orthopedic), End User, and Region – Global Forecast to 2022“, published by MarketsandMarkets™, the Global Hybrid Operating Theater Market is projected to reach USD 1,174.9 Million by 2022 from USD 652.0 Million in 2017; growing at a CAGR of 12.5%.
Browse 61 Market Data Tables and 35 Figures spread through 160 Pages and in-depth TOC on “Hybrid Operating Room Market“.
The intraoperative imaging systems segment is expected to hold the largest of the market in 2016
By component, the intraoperative imaging systems segment accounted for the largest share of the Hybrid Operating Theater Market. The large share of this segment can primarily be attributed to factors such as significant installation costs associated with diagnostic imaging products, increasing installation of hybrid ORs across major countries, ongoing integration and automation of OR workflows, and continuous technological advancements in the field of diagnostic imaging.
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By application, the thoracic segment is expected to be the fastest growing segment in the forecast period in Hybrid Operating Theater Market
The thoracic segment is expected to grow at the fastest CAGR. Growth of this segment can be attributed to the rising number of thoracic surgeries across the globe coupled with growing awareness of healthcare professionals towards the cost & therapeutic efficacy offered by hybrid ORs is expected to drive the growth of this segment during the forecast period.
North America dominated the market in 2016
Geographically, the Hybrid Operating Room Market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America accounted for the largest share of the market in 2016, followed by Europe. The large share of North America in operating theater market can primarily be attributed to the significant investments by hospitals to upgrade their operating rooms, coupled with the increasing number of surgical procedures and ambulatory surgery centers in the region.
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As of 2016, the major product manufacturers operating in the global Hybrid Operating Room Market included Philips Healthcare (The Netherlands), Siemens Healthineers (Germany), Stryker Corporation (U.S.), Toshiba Corporation (Japan), GE Healthcare (U.S.), IMRIS Inc. (U.S.), Eschmann Equipment (U.K.), MAQUET GmbH (Germany), Trumpf Medical (Germany), and Skytron LLC (U.S.), among others.
The cardiovascular applications of hybrid operating room settings include integrated usage of advanced diagnostic as well as surgical devices to assist in cardiovascular surgeries to treat congenital heart diseases, heart valve diseases, coronary artery diseases, and arrhythmias, among others. This segment accounted for the largest share due to the increasing preference of cardiac surgeons for hybrid OR settings during target surgical procedures, growing market trend towards the adoption of endovascular procedures during cardiovascular surgeries, and increased patient emphasis on effective disease management strategies.