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Hybrid Operating Room Market to reach US$ 1.8 Billion by the end of 2031: Transparency Market Research, Inc.
An increase in number of minimally invasive surgeries is projected to augment hybrid operating room industry growth from 2022 to 2031
Wilmington, Delaware, United States,, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. – The global Hybrid Operating Room Market is expected to grow at a CAGR of 7.7% from 2022 to 2031. The hybrid operating room is a surgical theatre or space with medical equipment such as fix C-arms, MRI scanners, and CT scanners used for interventional imaging procedures or minimally invasive surgeries. These rooms are utilized for other therapeutics such as biopsy, trauma surgery, and laparoscopic surgery. A rise in the number of surgical procedures across the world is projected to drive the hybrid operating room market during the forecast period.
The advent of technologically advanced medical equipment for hybrid operating rooms and an increase in the number of hospitals and ambulatory centers are expected to fuel market development. Additionally, the rise in the adoption of minimally invasive surgeries is likely to propel hybrid operating room market revenue in the next few years.
According to TMR report, the global hybrid operating room market was valued at US$ 876.9 Mn in 2021 and is anticipated to reach US$ 1.8 Bn by the end of 2031. The number of surgical procedures is rising due to increase in the geriatric population and surge in the incidence of orthopedic and cardiovascular diseases. This augments the demand for hybrid operating rooms, which in turn is expected to present significant business opportunities in the market during the forecast period.
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Key Findings of Study
Rise in Number of Hospitals and Ambulatory Centers to Spur Market Growth: Advancements in healthcare sector has resulted in the building of new hospitals and ambulatory centers across the world. Adoption of latest technologies in therapeutic and surgical sectors has led to increase in the number of hybrid operating room installations across new medical centers and hospitals globally. This is expected to propel the global hybrid operating room market in the next few years.
Increase in Patient Population to Bolster Growth: Rise in prevalence of diseases drives the need for procedures such as cardiovascular surgery and neurosurgery. Technological advancements in healthcare has led to the adoption of AI-driven devices and instruments in hybrid operating rooms. This is likely to increase hybrid operating room industry size in the next few years.
Key Drivers
Surge in patient population and rise in number of surgical procedures globally are projected to drive the hybrid operating room market during the forecast period
Rise in inclination toward minimally invasive surgeries is anticipated to augment the global hybrid operating room market from 2022 to 2031
Increase in number of interventional imaging procedures is expected to propel market demand during the forecast period
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Regional Growth Dynamics
North America accounted for largest hybrid operating room market share in 2021. This is ascribed to well-established healthcare infrastructure and advanced medical facilities.
Asia Pacific emerged as the fastest growing region in 2021. The trend is expected to continue during the forecast period. Presence of large patient pool and rapidly evolving medical infrastructure & facilities in emerging economies such as India, China, and Japan are driving the market in the region.
Key Players
Prominent players in the global hybrid operating room market are
Stryker Corporation,
Canon Medical Systems Corporation,
Toshiba Corporation,
NDS Surgical Imaging LLC.,
Trumpf Medical (Hill-Rom Holdings, Inc.),
Steris Corporation,
Koninklijke Philips N.V.,
GE Healthcare, and Getinge AB, among others.
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Hybrid Operating Room Market Segmentation
Product
Intraoperative Diagnostic Imaging Systems
Angiography Systems
MRI Systems
CT Scanners
Others
Operating Room Fixtures
Operating Tables
Operating Room Lights
Surgical Booms
Others
Surgical Equipment
Others
Type
Fixed
Mobile
Application
Cardiovascular Surgery
Neurosurgery
Thoracic Surgery
Orthopedic Surgery
Others
End-user
Hospitals
Ambulatory Surgical Centers (ASCs)
Specialty Centers
Others
Regions
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Countries
U.S.
Canada
Germany
U.K.
France
Spain
Italy
Russia & CIS
China
India
Japan
ASEAN
Brazil
Mexico
GCC
South Africa
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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