Technavio’s latest healthcare and life sciences industry report covers the present scenario and growth prospects of the global operating room integration systems market 2016-2020.

In this report, Technavio’s orthopedics and general medical devices research experts announce their key market highlights for the global operating room integration systems market. Their findings include:

Global operating room integration systems market set to post a CAGR of almost 15% by 2020

Technavio’s analysts estimate the global operating room integration systems market to reach over USD 1 billion by 2020, posting a CAGR of close to 15% during the forecast period. The sales of operating room integration systems are rising as many hospitals are installing these specialized systems to perform different types of surgeries, including open and minimally invasive cardiovascular, neurosurgical, orthopedic, spine, and general surgeries.

Traditional integrated systems for operating rooms were designed to deal with video signals generated by the imaging system. This helped increase the demand for operating room integration systems as they offer increased accuracy, faster patient recovery, and reduced need for corrective surgeries. “Through R&D, manufacturers produced other systems such as HD monitors to view surgeries from different angles, audio and video systems for surgical consultation, cameras to capture images for further references, and soft tools for the documentation of the surgical procedure and patient data,” says Brahadeesh Chandrasekaran, Technavio’s lead analyst for orthopedics and general medical devices.

The report considers revenue generated from the sales of capital equipment such as high-definition (HD) display system, audio and video management system, and recording and documentation system to determine the market size.

Rising implementation of integration systems in operating rooms as a standard module in the US driving the market in the Americas

The Americas dominated the global operating room integration systems market in 2015 accounting for a massive market share of about 65%. The US was the leading contributor in this region, which is mainly because this system has become a standard equipment in hospitals as they offer control over operating room devices and help receive patient information. These systems also provide an ergonomic workspace, which increases the efficiency of the operating room team.

In 2015, the Americas was followed by EMEA, with a market share of about 23%, followed by APAC with 12%. The implementation of healthcare reforms by the governments of various countries led hospitals to opt for operating room integration systems.

In APAC, the demand for operating room integration systems is on the rise as vendors are trying to increase awareness of these systems and their advantages.

The operating room integration systems market in EMEA presents significant opportunities for vendors to expand. France and Germany were the major revenue contributors to the market in this region. “Many hospitals in EMEA are implementing these systems to minimize human errors and promote advanced management. This has led to a rise in the volume of surgeries being performed,” says Brahadeesh.

From Stryker to Olympus Medical Systems: Top leading vendors in the global operating room integration systems market

The global operating room integration systems market presents significant growth opportunities for vendors to expand. The competition in the market is intense, with local manufacturers competing with the global vendors for sales. Vendors provide end-to-end services to attract consumers and remain competitive in the market. These services include round-the-clock support via telephone, e-mails, or on-site support. These vendors also offer operating room integration system-associated accessories such as cables and HD monitors for multiple views.

Top vendors covered in this report are:

  • Stryker
  • Karl Storz
  • Steris
  • Image Stream Medical
  • Olympus Medical Systems

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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