Growth in the operating room management market is propelled by the rising elderly population, growing patient volume, and the need for patient safety and OR efficiency. However, factors such as a lack of OR management professional, budgetary constraints, and the high cost of systems are hindering the growth of the market.
Dallas, TX -- (SBWIRE) -- 11/20/2014 -- According to the new market research report “Operating Room Management Market by Product (Data Management, Anesthesia, Surgical, Performance), Application (Perioperative, Preoperative, OR Scheduling), Component (Software, Services), Delivery Mode (Web-Based, On-Premise) - Global Forecast to 2019”, provides a detailed overview of major drivers, restraints, challenges, opportunities, current market trends and strategies impacting the global market along with estimates and forecast of revenue.
Browse 82 market data tables and 47 figures spread through 180 pages and in-depth TOC on “Operating Room Management Market”
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The global operating room management (ORM) market is poised to reach $4,551.1 Million by 2019 from $2,762.5 Million in 2014, at a CAGR of 10.5 % from 2014 to 2019.
Factors such as increasing patient volume in hospitals, need for patient safety and efficiency, increasing number of surgical procedures performed for the aging population, need for cost effective OR solutions, and encouraging government support and funds are driving the growth of the ORM market. However, low investments in the healthcare IT sector, lack of OR IT professionals, budgetary issues among hospitals, and high maintenance and services costs are hindering the growth of this market.
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The Operating Room Management Market is segmented by products, applications, components, delivery mode, and region. Based on type of products, the ORM market is segmented into eight distinct categories, namely data management systems, anesthesia systems, surgical imaging systems, performance management systems, reporting systems, communication systems, recording tools, and others (environment monitoring systems, equipment management systems, and sensors). The data management systems segment accounted for~74% of the global ORM market in 2014.
On the basis of applications, the Operating Room Management Market is broadly classified into OR scheduling, perioperative, postoperative and preoperative segments. Preoperative is the largest and fastest-growing segment of the ORM market, by application. The large share of this market can be attributed to the increasing application of preoperative solutions in perioperative care for cardiac and respiratory diseases.
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The ORM market, on the basis of components, is segmented into software and services. Software accounts for the largest share of the ORM market by components. The large share can be attributed to the need for technological advancement and up gradation in software.
Based on delivery mode, the ORM market is segmented into the web-based and on-premise categories. The on-premise segment accounted for the major share of ORM market by delivery mode in 2014.
On the basis of region, the ORM market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW).In 2014, North America is expected to account for the largest share of the global ORM market, followed by Europe. Both these markets are estimated to register single-digit growth rates over the next five years; however, Asia-Pacific is expected to register a higher growth rate, owing to government initiatives to strengthen IT infrastructure, and an increase in medical tourism. Growth of the ORM market in this region will revolve around China, India, Japan, Australia, Malaysia, Singapore and countries in the Middle East.
Major players operating in the global ORM market are Cerner Corporation (U.S.), Epic Systems Corporation (U.S.), MEDITECH (U.S.), McKesson Corporation (U.S.) and Optum Health Inc. (United Health Group) (U.S.).
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