The Global Hybrid Operating Room Market is projected to grow at a CAGR of 11.50% in the forecast period of 2022-27, cites MarkNtel Advisors in their recent research report. The market is driven by the constant advancements in surgical technologies & laparoscopic surgeries & procedures, augmenting the demand for Hybrid Operating Rooms and demonstrating its swift traction in healthcare sectors throughout the world.
In addition, since such cases & procedures require patients to undergo several surgeries under anesthesia, the flexible approach of Hybrid ORs makes it convenient. Hence, comprehensive surgical theaters suiting difficult surgical procedures are also boosting the establishment of such ORs and positively influencing market growth.
Besides, these ORs are also capable of performing minimally invasive procedures like Endovascular Aneurysm Repair (EVAR) & Trans-catheter Aortic Valve Replacement (TAVR), which further widens its user base across the world, hinting toward an upward trajectory of the market growth, further states the research report, “Global Hybrid Operating Room Market Analysis, 2022.”
Increasing Orthopedic Issues in Geriatric Population to Stimulate the Market through 2027
Based on Application, Orthopedics shall attain a significant share of the Global Hybrid Operating Room Market and emerge as an area of lucrative opportunity for the leading players during the forecast period. This dominance attributes to the increasing geriatric population & high prevalence of orthopedic disorders like osteoporosis, bursitis, osteoarthritis, & osteonecrosis, among others.
Such disorders are augmenting the demand for advanced diagnosis & treatment and stimulating the establishment of Hybrid OR at diverse healthcare facilities. The same aspect is also generating growth opportunities for the players to increase offerings and drive the market through 2027. Besides, other procedures like knee & hip replacement surgeries are also driving the demand for the hybrid OR to address orthopedic applications.
Substantial Investments in the Healthcare Industry to Drive the Market across North America
North America dominated the Global Hybrid Operating Room Market with the largest share in recent years & is anticipated to continue its prevalence during the forecast period. This dominance attributes to the massive investments in the healthcare industry by the governments of different countries like the US & Canada in the region. It, in turn, is demonstrating an escalation in the establishment of hybrid OR.
Besides, the high registration of patients suffering from critical health issues is also propelling the demand for these ORs. In addition, as different countries in the region aim to make the region a healthcare hub, substantial investments, research & development activities, and encouragement for the deployment of these ORs are further contributing to the market growth across North America.
The leading players in the Global Hybrid Operating Room Market are Alvo, General Electric Company, Getinge AB, Hill-Rom Holdings, Inc., IMRIS, Mizuho Corporation, Medical Illumination, NDS Surgical Imaging, Koninklijke Philips N.V., STERIS plc., Stryker Corporation, Siemens AG, Skytron LLC, Canon Inc., and Siemens AG.
Key Questions Answered in the Research Report