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3. Oracle (Cerner Corporation) (US) and Epic Systems Corporation (US) are Leading Players in the Operating Room Management Market

The operating room management market is projected to reach USD 7.5 billion by 2029 from USD 4.2 billion in 2024, at a CAGR 12.5% from 2024  to 2029. The operating room mamagement market constitute essential components within the healthcare industry, primarily focusing on the operating room workflow management. The growth of this market can be attributed to several factors such as increasing adoption of electronic health records (EHRs) in healthcare facilities, increased surgical volume and technology advancements. Additionally, the rising prevalence of chronic diseases and the aging population contribute to the growing demand for surgical procedures, further driving the need for advanced operating room management solutions. Moreover, government initiatives aimed at digitizing healthcare records and promoting interoperability further propel market growth by incentivizing healthcare organizations to invest in modernized IT infrastructure.

The operating room management market is highly competitive and moving towards consolidation. The major players operating in this market are Oracle (Cerner Corporation) (US), Epic Systems Corporation (US), Medical Information Technology (Meditech) (US), GE Healthcare(US), Surgical Information Systems (US), Becton, Dickinson And Company (US), eClinicalWorks (US), Picis Clinical Solutions Inc (US), Brainlab AG (Germany), Getinge AB (Sweden), Veradigm (Allscripts Healthcare, LLC) (US), Steris Corporation (US), Medovate Technologies, Inc. (US),  Cardinal Health (US), Barco Electronic Systems Pvt Ltd (Belgium), Richard Wolf GmbH (Germany), Karl Storz (Germany), Caresyntax (US), Medicad (Switzerland), United Health Group (US), Qventus (US), Alert Life Sciences Computing S.A., (Europe), Tedisel Medical (Spain), Censis Technologies (US), and Owens & Minor (US).

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Oracle (Cerner Corporation) (US)

Oracle is one of the leading players in the operating room management market. On June 8, 2022, Oracle completed their acquisition of Cerner, a company specializing in digital information systems for hospitals. These systems are designed to improve patient care by streamlining workflows for medical professionals. The $28.2 billion acquisition strengthens Oracle's healthcare offerings, particularly in operating room mnaagement (ORM) software and electronic health records (EHR) integration. Notably, Cerner's operating room management solutions, encompassing scheduling, anesthesia information, and supply management, seamlessly integrate with EHR systems, further enhancing efficiency within hospitals. The company offers enterprise applications and infrastructure technologies through various models including cloud service, on-premise deployments and licenses.

Epic Systems Corporation (US)

Epic Systems Corporation is another leading player in the operating room management market. Renowned for its all-inclusive Electronic Health Record (EHR) system, Epic is a top supplier of healthcare software. Their platform integrates clinical and financial data across a variety of healthcare environments, such as payer systems, ambulatory services, and inpatient care. Although the main offering is EHR, Epic also provides other solutions, such as OpTime, a powerful ORM program. By simplifying billing, scheduling, workflow management, and documentation in the operating room, OpTime provides healthcare workers greater control. It organizes data related to anesthesia and makes effective patient follow-up possible. Majority of the physicians in the US use Epic because of its easy-to-use interface and integration-focused approach.

GE Healthcare (US)

GE Healthcare, a medical technology company with strong existence across the globe delivers personalized and targeted medical solutions. Their focus on patient care solutions enables them to deliver operating room management software to their customers. GE's Centricity platform, with its advanced features, helps streamline operating room workflow, scheduling, and anaesthesia information management. GE Healthcare also provides consulting, implementation, training support and configuration services for their Centricity customers, thereby solidifying brand recognition and fostering customer's trust.

Related Reports:

Operating Room Management Market by Type (OR Scheduling, Supply, Performance, Anesthesia, Data, Communication, Patient), Workflow (Pre, Intra & Post Operative), Component (Software, Service), End User (Hospital, ASC), & Region - Global Forecast to 2029

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