The global operating room integration market is projected to reach USD 3.3 billion by 2027 from an estimated USD 1.9 million in 2022, at a CAGR of 12.1% during the forecast period. Growth in this market is driven by 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.
The global operating room integration market is fragmented with the presence of many regional and global players like Stryker Corporation (US), STERIS Plc (US), Karl Storz SE & Co. KG (Germany), Olympus Corporation (Japan), Getinge AB (Sweden). These players have adopted various growth strategies such as partnerships, agreements, collaborations, and new product launches to increase their presence in the global market.
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Stryker Corporation (US) dominated the operating room integration market in 2021. The company’s leading position in this market can be attributed to its comprehensive suite of products and solutions and strong distribution network, which has enabled the adoption of its solutions across the globe. The company offers OR integration solutions through its Medsurg segment. Stryker holds an influential position in the OR integration market, owing to its strong product portfolio. The firm has been in the market for about 78 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. The company opened its Centre of Excellence (COE) for digital platform services in Dublin to develop digital solutions for emergency use and specialist care settings for the seamless coordination of patients suffering from critical care medical emergencies. Stryker has a global presence with major operations of its Medsurg segment in North America, Europe, the Middle East & Africa, the Asia Pacific, and the Latin American region.
Karl Storz SE & Co. KG (Germany) is the second-largest player in the operating room integration market. The company offers a wide range of endoscopic equipment for human, veterinary medicine, and industrial endoscopy. 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 the 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.
Operating Room/OR Integration Market by Component (Hardware, Software, Service), Application (General, Orthopedic, & Cardiovascular Surgery), Device (Audio & Video Management, Display, Document Management), End User (Hospital, ASC) - Global Forecast to 2027
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