The global operating room management market is expected to account for USD 2.01 billion in 2017, and projected to reach USD 3.41 billion by 2022 from, at a CAGR of 11.2%.
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Operating room management market is segmented by solution, delivery mode, component, end user, and region.
The solution segment is further segmented by data management & communication solutions, anesthesia information management systems, operating room supply management solutions, operating room scheduling solutions, performance management solutions, and other solutions. In 2017, the supply chain management solutions segment is expected to grow at the highest CAGR in the market during the forecast period.
On the basis of delivery mode, cloud-based solutions segment is expected to grow at the highest rate during the forecast period (2017-2022). These solutions are preferred by end users owing to the advantages it offers such as the ability to reuse existing servers and easy implementation of backup and disaster recovery systems.
On the basis of component, the software segment is expected to grow at the highest rate during the forecast period. The growth of this segment can primarily be attributed to the growing installation of ORM software, coupled with the high cost of software and other associated costs such as licensing.
Hospitals are the dominant end users of operating room management solutions and this segment is expected to grow at the highest rate during the forecast period. The growth of this segment is attributed to the increasing utilization of ORM solutions in hospitals to curtail costs and improve time management in ORMs.
Geographically, the operating room management market in the APAC region is expected to witness the highest CAGR during the forecast period. This growth is attributed to the increasing need to curb healthcare costs, investments & reforms to modernize the healthcare system, and improving IT infrastructure are driving the growth of operating room management market in the region.
The operating room management market offers lucrative growth opportunities in emerging markets (such as India, China, Brazil, and Mexico) to market players. Booming medical tourism in these countries and technological advancements in hospitals are additional factors aiding the growth of these markets.
