Global Hybrid Operating Room Market Research Report: Forecast (2022-2027)

Market Definition

A Hybrid Operating Room is a single surgical workspace that brings together imaging equipment with a multifunctional surgical table, allowing the experts to diagnose & treat the patient at one location. The Hybrid OR equipped with the surgical table also caters to the need of multiple surgical disciplines alongside the balance to pan for advanced imaging needs.

Backed by the benefits of these Operating Rooms (ORs), like minimizing risk & delays, enhancing patient safety, & lowered expenses, among others, the setup of these ORs is escalating rapidly across different healthcare facilities throughout the world.

Market Insights

The Global Hybrid Operating Room Market is projected to grow at a CAGR of around 11.50% during the forecast period, i.e., 2022-27. The market is driven by the rising patient inflow and immense pressure on the healthcare sector to address the medical needs of these patients, instigating the governments of different countries to strengthen the healthcare infrastructure and make substantial investments in the set of hybrid operating rooms. Besides, an escalation in the number of surgical procedures & mounting adoption of minimally invasive surgeries is also driving the market revenue.

In addition to this, the growing number of ambulatory surgical centers & hospitals globally across the world to facilitate the high patient inflow while offering more affordable & effective surgical treatment are the other aspects stimulating the demand for hybrid ORs. The same aspect is also generating lucrative opportunities for the leading players to increase their service offerings for the establishment of these ORs and catering to the mounting demands globally, leading the market toward significant expansion.

Moreover, Hybrid Operating Rooms are gaining traction on the back of constant advancements in surgical technologies & laparoscopic surgeries & procedures, alongside comprehensive surgical theaters that suit difficult surgical procedures. Such aspects require patients to undergo more than one surgery under anesthesia, where these hybrid ORs are a flexible approach due to their design & multi-disciplinary resources.

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 in the healthcare facilities, demonstrating a positive effect on the overall market growth through 2027. Furthermore, additional perks like a smooth conversion from a minimally invasive surgery space into the open procedure in one capacity alongside the advent of new procedures to address patients with complex diseases are also propelling the demand for hybrid ORs, allowing surgeons to work more efficiently & deliver best outcomes to the patients.

Nonetheless, the governments of different countries alongside private companies are making substantial investments in the healthcare sector. This funding is majorly to set up such ORs on the grounds of other benefits like a minimal risk to patient safety & well-being and allowing professionals to perform complex procedures with ease. In this way, addressing a larger patient inflow is much more convenient while allowing patients to have a shorter recovery time.

Market Segmentation

Based on Application:

• Cardiovascular
• Neurosurgical
• Thoracic
• Orthopedic

Here, the demand for Hybrid OR is set to escalate rapidly for Cardiovascular applications and demonstrate the fastest growth of the Global Hybrid Operating Room Market during the forecast period. The growth attributes to the growing cases of such illness among people, propelling the need for Hybrid ORs to proceed with cardiac & vascular surgeries with minimized invasiveness.

Since these ORs are ideal for procedures like Trans-Catheter Aortic Valve Replacement (TAVR), Endovascular Thoracic (TEVAR), or Abdominal (EVAR) Aortic Repair & Percutaneous Coronary Intervention (PCI) with structural heart intervention, among others, the demand for the establishment of these ORs are rising. 

On the other hand, Neurosurgical applications shall also make a substantial contribution to the market growth in the coming years. It owes principally to the growing need to perform diagnosis of Arteriovenous Malformations (AVMs), brain aneurysms, carotid artery disease, and Arteriovenous Fistulas (AFVs), among others, in a Hybrid OR. Besides, the prevalence of neurological diseases entwined with continual advancements in surgical robotics in a hybrid OR for high-precision surgeries is also stimulating the industry's growth in the neurosurgical application.

Nonetheless, Orthopedic applications shall attain a significant share of the Global Hybrid Operating Room Market during the forecast period. This revenue generation attributes to the growing geriatric population and rising prevalence of orthopedic disorders like osteoporosis, bursitis, osteoarthritis, and osteonecrosis, among others, propelling the demand for the establishment of Hybrid OR at healthcare facilities. Besides, other procedures like knee & hip replacement surgeries are also driving the growth of orthopedic applications in Hybrid ORs and positively influencing the market growth. 

• According to the American Academy of Orthopedic Surgeons 2018, joint replacement is the most performed elective surgical procedure in the US and shall demonstrate a rise by 2030 in the number of knee replacement procedures. 

Such stats are further hinting toward a presence of lucrative opportunities for the leading players to increase their offerings and cater to the rising demands globally, reducing the burden on surgeons & efficiently managing surgical workflow.

Based on End-User:

• Hospitals & Surgical Centers
• Ambulatory Surgical Centers

Here, Hospitals & Surgical Centers are anticipated to dominate the Global Hybrid Operating Room Market with the largest share during the forecast period. This dominance attributes to the massive patient inflow throughout the world, instigating the governments of different countries to make substantial investments in the development of healthcare infrastructure, and demonstrating a rise in the construction & development of facilities like hospitals & surgical centers, equipped with advanced medical technologies. It, in turn, is also boosting the demand for Hybrid ORs to address the medical needs of the large patient influx, catering to the overall market growth. For instance:

• Recently, Okayama University Hospital installed a notable 20 new ORs, including one Hybrid OR. The hospital, located in Okayama, Japan, partnered with Canon Medical Systems & Getinge for this major undertaking. The Hybrid OR comprise a Maquet Magnus operating table synchronized with the Canon Infinix-i angiography system.

Besides, the advent of Covid-19 back in 2020 acted as an eye-opener for the healthcare infrastructure of different countries, challenging its capacities on addressing an exponential rise in patient inflow. It, in turn, further instigated the countries to strengthen the industry and stay prepared in case a similar situation arises again. Such parameters have further generated growth opportunities for the players to widen their offerings associated with hybrid operating rooms and drive the market through 2027. 

Regional Projection

On the geographical front, the Global Hybrid Operating Room Market expands across:

• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific

Here, North America dominated the market with the largest share in recent years and is set to prevail in the same trend during the forecast period. This growth is driven by the massive investments in the healthcare industry by the governments of different countries like the US & Canada in the region, demonstrating an escalation in the establishment of hybrid OR to cater to the medical needs of the rising patient inflow, making the region a healthcare hub.

Besides, the presence of various prominent players and their active participation in widening their offering across North America is positively influencing the market growth. Moreover, high demand for minimally invasive procedures and a rise in patient visits to physicians are also curating the fundamentals underlying the market dynamics in the region. 

On the other hand, Asia-Pacific is anticipated to demonstrate the fastest growth of the Global Hybrid Operating Room Market during the forecast period. This growth attributes to the rapid expansion & modernization of the healthcare infrastructure, particularly across countries like India & China, entwined with the increasing government investment in the industry to improve overall healthcare service offerings to patients. Besides, the growing inclination of the countries toward the adoption of more advanced diagnostics, surgical technologies, & equipment is the other aspect propelling the demand for hybrid ORs in the region. 

Recent Developments in the Global Hybrid Operating Room Market

• In June 2021, renowned player, Getinge announced its release of an Artificial Intelligence-based OR management system called Torin in the US to improve hospital efficiency & manage schedules for surgical procedures. 
• Back in September 2020, WakeMed partnered for a decade with prominent player Siemens Healthineers to present itself as a hub for new initiatives in the existing imaging & cardiovascular programs. WakeMed shall use advanced robotics & imaging equipment for cardiovascular care in a world-class hybrid operating room.
• In 2017, another prominent player, Stryker, launched a program called "OR of the Future" for the endoscopy division, which uses holographic technology & allows customers to visualize the surgical equipment & displays that operate in ORs. 

Possible Restraint

• Unavailability of Skilled Professionals & High Investment Costs in Hybrid Operating Rooms

The unavailability of skilled professionals like surgeons, entwined with the high cost associated with the deployment of Hybrid ORs attributed to advanced technology, especially in small hospitals might restrain the fledged market growth.

Besides, challenges associated with equipment integration, capital expense, vendor coordination, space & workflow requirements, & radiation safety, among others, might also reduce the growth trajectory of the industry in the coming years. 

Key Questions Answered in the Market Research Report:

1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the Global Hybrid Operating Room Market?
2. What are the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Hybrid Operating Room Market?
4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Hybrid Operating Room Market based on the competitive benchmarking matrix?
5. What are the key results derived from surveys conducted during the Global Hybrid Operating Room Market study?