Operating Room Management Market

Epic Systems Corporation (US), Cerner Corporation (US) and MEDITECH (US) are Leading players in the Operating Room Management Market

The global operating room management market size is expected to reach USD 4.4 billion by 2025 from USD 2.4 billion in 2020, at a CAGR of 12.4%. Growth in this market can be attributed to factors such as the emphasis on cost control and efficiency improvement in hospitals, growing adoption of EHRs and other HCIT solutions, favorable government support, redevelopment projects, and the availability of funding to promote OR infrastructure. However, a dearth of skilled surgeons in integrated operating rooms and the high prices and maintenance costs of ORM software are expected to hinder the market growth.

Cerner Corporation (US), Medical Information Technology, Inc. (US), Allscripts Healthcare Solutions, Inc. (US), GE Healthcare (US), Epic Systems Corporation (US), Surgical Information Systems LLC (US), Picis Clinical Solutions Inc. (US), Becton, Dickson and Company (US), STERIS Corporation (US), DXC Technology (US), Omnicell, Inc. (US), Mckesson Corporation (US), United Health Group (US), Nexus AG (Germany), Getinge AB (Sweden) are considered to be the leading players in the operating room management market.

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PIC SYSTEMS CORPORATION (US)

In 2019, Epic Systems (US) held the leading position in the operating room management market. The company is also one of the dominant players in the global hospital EMR systems market, accounting for an estimated share of 12–14% in 2019. It mainly offers data management & communication, OR scheduling solutions through the OpTime operating room management system, and AIMS under the Anesthesia Module. The company focuses on innovating and improving its geographic presence to maintain its position as a leading player globally. For instance, the company developed an EHR tool that would use machine-learning algorithms and was tested by Stanford Health clinicians in April 2020. This tool helped predict if a patient suffering from coronavirus will need the use of intensive care. The increasing number of fatalities due to COVID-19 is expected to increase the demand for such innovative EHR solutions in hospitals. Epic has a strong presence in the North American region. The company also provides its operating room management solutions in Europe, Asia, and the Middle East

CERNER CORPORATION (US)

In 2019, Cerner held the second position in the operating room management market.  The company has a wide product portfolio in this market and demonstrates a strong focus on R&D—it has ~7,300 employees working in R&D activities. Continuous investment in R&D is a core element of Cerner’s strategy. Recent developments by Cerner in the market include securing its 500th patent for a new innovative voice-assisted technology for clinicians to document the details of a patient visit on a mobile device.

MEDITECH (US)

In 2019, MEDITECH held the third position in the operating room management market. MEDITECH’s leadership in the market can be attributed to its efficient expansion strategies in North America, the UK, Africa, the Middle East, and Asia. The company focuses on strengthening its geographic presence and innovating its EHR solutions to maintain its position. MEDITECH expanded its presence in the UK and Ireland by launching MEDITECH UK in May 2018. The company also collaborated with Google (US) in October 2019 to offer EHR data through the Google Cloud Platform. This helped to enhance scalability, securely deliver patient data, and facilitate interoperability.

Related Reports:

Operating Room Management Market by Solution (OR Supply, Data Management, Communication, Anesthesia Information Management, Performance Management), Delivery Mode (On-premise, Cloud-based), End User, Region - Global Forecast to 2025

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Mr. Aashish Mehra
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[email protected]

Report Code
HIT 2862
RI Published ON
9/30/2020
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