Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Integrated operating rooms includes audio, video, patient information, room lights and surgical lights, advanced medical equipment and building automation (HVAC). Users can easily route audio/video sources and efficiently control surgical equipment. Integrated operating rooms allow surgical team to reduce operating time and work more efficiently. It also provide safety to patients as well as healthcare surgical teams. Integrated, convenient technologies increase the possibility of surgeons and help the whole surgical team to work more efficiently and safely.
The well-established healthcare industry across the region is the primary driving factor behind the growth of the market. Likewise, rising healthcare spending in countries such as Germany, the UK, Italy and France is further accelerating the growth of the market. For instance, According to Germany Trade and Invest, in 2019, healthcare spending in Germany exceeds EUR 400 Billion (USD 485.17 Bn), not including expenditure for wellness and fitness. Furthermore, rising number of hospitals adopting minimally invasive surgical technology coupled with the increasing number of chronic illnesses is flourishing the growth of the integrated operating room market in the region.
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 3600 analysis of micro and macro-economic factors on the integrated operating room market. In addition, complete analysis of changes on integrated operating room market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on Europe economies, international trade, business investments, GDP and marketing strategies of key players present in the market. The COVID-19 pandemic has affected the Europe integrated operating room market and manufacturers on a slight negative level in the early pandemic period. This is owing to the delay and rescheduling of the planned surgeries during pandemic period.
The study analyses Europe integrated operating room market based on devices, component, application, end user and country.
Various devices such as audio video management systems, display systems, and documentation management systems are analyzed in the Europe integrated operating room market. Documentation management systems segment dominated the market in 2020 and is likely to maintain its dominance at a significant growth rate during the forecast period. However, audio video management systems and display systems are also expected to observe lucrative growth in the near future. Growing demand for surgical displays that provide a crisp, clear view of video and still images from endoscopes and laparoscopic cameras in operating rooms is impelling the market growth.
Based on component, the Europe integrated operating room market is segmented into software and services. Software segment followed by services is accounted for the largest market share of the component segment in 2020. The demand for operating management software, patient management software, laboratory information management system, booking management system, and many others in hospitals and other healthcare facilities is making more demand for software component.
Major applications covered in the Europe integrated operating room market are general surgery, orthopedic surgery, cardiovascular surgery, neurosurgery, thoracic surgery and other applications. General surgery segment is accounted for the largest market share in 2020 and is likely to witness rapid growth in the coming years. General surgery deal with diseases involving the soft tissue, trauma, breast, skin, hernias and peripheral artery disease and perform endoscopic procedures such as colonoscopy and gastroscopy. Growing incidence of aforementioned disease related patients and increasing demand to perform these surgeries with high precision and efficiency is key factor that attributed to the segment growth. On the other side, orthopedic surgery followed by cardiovascular surgery segment accounted for second and third largest market share.
Major end users of the Europe integrated operating room market are hospitals and ambulatory surgery centers & clinics. Hospitals segment dominated the market in 2020 and is expected to maintain its dominance during the forecast period. However, ambulatory surgery centers & clinics segment also witnessing rapid growth. Increasing demand for effective disease management, growing surgical procedural volumes in hospitals, and rising number of hospitals across the region is improving the market growth
Country wise, the study is comprised of the key countries such as the UK, Germany, France, Italy, Spain and rest of APAC. Germany held the largest market share of Europe integrated operating room market and is likely to dominate the market over the estimated time frame. The increasing number of neurosurgical and orthopedics operations in Germany along with the economic growth of other service branches is attributed to the market growth. Additionally, rising development of private organizations with neurosurgical departments at university and other general hospitals is also booting the market growth. Followed by it was the market of the United Kingdom that is projected witness rapid growth by the end of 2027. Increase in healthcare spending and rise in number of surgeries are the significant factors impelling the market in the United Kingdom during the estimated timeframe.
The major key players of market includes Stryker Corporation (United States) , Alvo Medical (Poland), Arthrex, Inc.(United States) , Barco (Belgium), Brainlab AG(Germany) , Caresyntax (Boston), Getinge AB (Sweden) , Karl Storz Se & Co. Kg (Germany) , Merivaara Corporation (Finland) , Olympus Corporation (Japan) , Richard Wolf GmbH (Germany) , Skytron(United States) , SONY Corporation (Japan) , Steris PLC (United States) and Trilux Medical GmbH & Co. KG (A Subsidiary of Mizuho OSI) (Germany) among others.
April 2021: Barco had launched Nexxis Live, a flexible collaboration solution for the surgery. The NexxisLive is an intuitive secure cloud based software platform that make possible to involve the people for any type of surgical intervention from the remote location.
February 2021: Brainlab had announced that the company has reached two major milestone with FDA clearance for both Loop- X Mobile Imaging Robot and Cirq robotic surgical system fllowing the CE Mark approval. The FDA clearance will pave the way for Brainlab to enter the US Market with Cirq robotic alignment module for spine procedure and Loop X the first robotic intraoperative imaging device on the market.
September 2019: Sony Corporation had released a new, user friendly workflow version of modality neutral NUCLeUS medical imaging platform which has pending FDA 510 (k) clearance. The next generation platform is intended to offer hospital a streamlined digital imaging workflow and create valuable efficiency improvement in addition to support 4K resolution. It is designed to easily route and deliver key information such as video, audio and other pertinent clinical data across hospital campus.
March 2018: Olympus had announced the introduction of EasySuite 4K. The next generation OR integration enable surgical and interventional clinician to connect with native and uncompressed visual insights derived from legacy, HD and ultra-high definition (UHD) medical sources to streamline pre-, intra- and post-operative clinician workflows.
The study analyses Europe integrated operating room market based on devices, component, application, end user and country. Various devices such as audio video management systems, display systems, and documentation management systems are analyzed in the Europe integrated operating room market. The documentation management systems segment is likely to dominate the market over the forecast period. Increased adoption of documentation management systems operating rooms owing to its several benefits is attributed to the market growth. Based on component, the Europe integrated operating room market is segmented into software and services. Major applications covered in the Europe integrated operating room market are general surgery, orthopedic surgery, cardiovascular surgery, neurosurgery, thoracic surgery and other applications. The general surgery segment is likely to register fastest growth in years to come. Major end users of the Europe integrated operating room market are hospitals and ambulatory surgery centers & clinics. Country wise, the study is comprised of the key countries such as the UK, Germany, France, Italy, Spain and rest of APAC.
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