Stryker Corporation (US), STERIS Plc (US) and KARL STORZ SE & Co. KG (Germany) are Leading Players in the Operating Room Integration Market
The global operating room integration in the healthcare market is projected to reach USD 3.7 Billion by 2028 from USD 2.1 Billion in 2023, at a high CAGR of 12.1% during the forecast period. Shifting trends in the healthcare industry have resulted in a greater focus on enhancing quality care and ensuring its cost-efficiency and personalization. This gradual shift towards predictable outcomes and care quality has supported the greater implementation of various IT systems in healthcare organizations. Other factors driving market growth include the rising demand for technologically advanced solutions, a growing number of surgical procedures, rising funding initiatives for improving HCIT infrastructure, and increasing emphasis on cost control and efficiency improvement in hospitals. However, high setup and operational costs, interoperability issues, and a shortage of skilled surgeons in OR integration are expected to restrain market growth to a certain extent.
Prominent players in the operating room integration in the healthcare market include Stryker Corporation (US), STERIS Plc (US), KARL STORZ SE & Co. KG (Germany), Olympus Corporation (Japan), Getinge AB (Sweden), ALVO Medical (Poland), SKYTRON, LLC (US), Merivaara (Finland), Brainlab AG (Germany), TRILUX GmbH & Co. KG (a subsidiary of Mizuho OSI) (Germany), Caresyntax (Germany), Sony Group Corporation (Japan), Barco (Belgium), Arthrex, Inc. (US), Richard Wolf GmbH (Germany), FUJIFILM Holdings Corporation (Japan), Ditec Medical (Spain), Doricon Medical Systems (US), HILL-ROM HOLDINGS, Inc. (Baxter) (US), EIZO GmbH (Germany), OPExPARK, Inc. (Japan), ISIS-SURGIMEDIA (France), MEDITEK (Canada), Zimmer Biomet (US), and Dragerwerk AG & Co. KGaA (Germany). These companies adopted strategies such as product launches, expansions, agreements, partnerships, collaborations, and acquisitions to strengthen their market presence in the operating room integration market.
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Stryker offers OR integration solutions through its MedSurg & Neurotechnology segment. Stryker holds an influential position in the OR integration market owing to its robust product portfolio. The firm has been in the market for about 80 years and offers a full range of operating room products under the brand name—iSuite. Its product portfolio includes ceiling-mounted surgical LED lights, equipment booms, and instruments for minimally invasive surgeries. Stryker has a global presence with primary MedSurg & Neurotechnology segment operations in North America, Europe, the Middle East & Africa, the Asia Pacific, and the Latin American region.
STERIS plc is a prominent player in the operating room integration market. The company has a robust portfolio of connectivity solutions such as operating room integrated solutions & services and surgical tables. The company has become one of the most reputed brands in this market. STERIS plc's registered office is in Dublin, Ireland. STERIS plc has approximately 16,422 employees worldwide. While witnessing high growth in international markets, Steris plc also focuses on agreements, partnerships, and acquisitions to expand its presence globally and enhance its product portfolio. For instance, in November 2020, STERIS acquired Key Surgical, Inc. to expand STERIS’s product offerings to expand its operating room solutions and endoscopy portfolio. This acquisition will strengthen STERIS’s global reach and position in the operating room integration market.
KARL STORZ offers a wide range of human, veterinary medicine, and industrial endoscopy equipment. The company undertakes sales of operating room integration products through its Human Medicine business division. KARL STORZ’s products are marketed through 50 subsidiaries in over 40 countries across Europe, the Americas, Africa, and Asia Pacific. With over 65 years of experience in this market, the company focuses on strengthening its sales activities and distribution network by working with an efficient network of dealers. The company also provides local-level services to customers through its subsidiaries.
Related Reports:
Operating Room Integation Market by Component (Software, Services), Application (General, Orthopedic, Cardiovascular & Neurosurgery), Device (Audio & Video Systems, Display, Document Management), End User (Hospital, ASC) & Region - Global Forecast to 2028
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