Market revenue in 2023 | USD 1,909.0 million |
Market revenue in 2030 | USD 4,055.1 million |
Growth rate | 11.4% (CAGR from 2023 to 2030) |
Largest segment | Software |
Fastest growing segment | Services |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Software, Services |
Software was the largest segment with a revenue share of 54.03% in 2023. Horizon Databook has segmented the Global operating room integration market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
ORs are increasingly becoming complex and congested with inclusion of a variety of new OR devices and other equipment, such as surgical lights, operating tables, surgical displays, etc. Integrated operating rooms are the solution for such a challenge.
Modern operating rooms provide consolidated data and offer access to audio & video controls for all surgical devices through central command station, allowing surgeons to achieve various tasks efficiently without many prerequisites. Other advantages of OR integration is that it minimizes the need for workforce, maximizes OR efficiency, takes less surgical time procedure, and manage patient surgical records.
New product launches and strategic collaborations help improve the surgical workflow in ORs, which is expected to boost market growth. For instance, in February 2019, St. Hospital introduced CORIS IPS2, an IP-based, operating room video over IP integration solution. The solution improved procedural workflow and ensured compatibility with evolving technology (4k endoscopic video).
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Name | Profile | # Employees | HQ | Website |
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Components | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
North America | 392.9 | 436.7 | 486.0 | 541.7 | 604.7 | 668.2 | 739.3 | 818.9 | 908.1 | 1,008.4 | 1,121.0 | 1,247.8 | 1,390.5 | 11.0% |
Europe | 312.1 | 348.4 | 389.4 | 436.0 | 488.9 | 542.6 | 603.0 | 670.9 | 747.3 | 833.5 | 930.8 | 1,040.7 | 1,164.9 | 11.5% |
Asia Pacific | 324.9 | 361.2 | 402.0 | 448.2 | 500.4 | 553.1 | 612.0 | 678.0 | 752.0 | 835.1 | 928.6 | 1,033.8 | 1,152.3 | 11.1% |
Latin America | 66.2 | 74.1 | 83.2 | 93.4 | 105.1 | 117.0 | 130.5 | 145.7 | 162.8 | 182.2 | 204.1 | 228.9 | 257.1 | 11.9% |
MEA | 10.3 | 12.8 | 15.8 | 19.3 | 23.5 | 28.1 | 33.4 | 39.7 | 47.0 | 55.5 | 65.3 | 76.8 | 90.3 | 18.2% |
Overall | 1,106.4 | 1,233.1 | 1,376.4 | 1,538.6 | 1,722.6 | 1,909.0 | 2,118.1 | 2,353.0 | 2,617.2 | 2,914.6 | 3,249.8 | 3,628.0 | 4,055.1 | 11.4% |
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