Analysis of the US and EU5 Hospital Operating Room (OR) Products and Solutions Market, Forecast to 2022

Analysis of the US and EU5 Hospital Operating Room (OR) Products and Solutions Market, Forecast to 2022

Transforming OR Product Lines to OR Efficacy Solutions

RELEASE DATE
03-May-2019
REGION
North America
Research Code: MDD8-01-00-00-00
SKU: HC03172-NA-MR_23126

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Description

The key issue being debated in the healthcare industry today is how to transform a seemingly simple operating room (OR) into a technology-fueled, infection-free, and sleek surgical environment. A true smart hospital focuses on 3 major areas, namely, operational efficiency, clinical excellence, and patient-centricity, with technological advancements being leveraged to derive smart insights. For clinical excellence, solutions must be implemented so that doctors and nurses can perform their tasks efficiently. Besides using state-of-the-art medical equipment, the general surgery, emergency, radiology, and intensive care departments, and the outpatient department as well, need to implement solutions to make processes faster and more streamlined, which will help achieve the best patient outcomes. Effective OR solutions must also provide patient-centric services that are not necessarily aligned to the clinical outcomes; for example, smart patient rooms, services that enhance patient well-being during their hospital stay, and a better overall hospital design that will remove the fear of being hospitalized - these are crucial to patient satisfaction.

At present, OR transformation and digitization are facing similar challenges. Apart from the obvious financial requirements, there is the absolute need for interoperability, the risk of cybersecurity, and the lack of expert resources. Hospitals struggle with the major question of where to begin. A comprehensive solution set needs to be formulated as a strategy plan, and small parts of the solution can be applied, keeping the systems open and interoperable for future solutions to be easily integrated. Offering a bundled range of OR products decreases average sales price for components and solidifies market share.

On average, hospital cost for stays with OR procedures are more than twice the cost for an inpatient stay without an OR procedure. An hour in an OR, depending on the procedure, can cost $150-250, excluding resource cost. Hence, the OR accounts for approximately 60% of hospital revenue. As hospitals envision investing in solutions that integrate and collaborate multi-disciplinary units and devices for optimal resource and space utilization, companies such Stryker and Getinge are transitioning their offerings from OR products to OR solutions. As pressure builds to make healthcare expenditure more stringent, virtual consulting platforms and augmented reality will become more mainstream to improve access in terms of diagnosis, enhance predictability, and offer accurate treatment planning.

This research service is segmented into OR workflow solutions, OR surgical workplace solutions, and OR services, and these include sub-segments such as visualization solutions, equipment navigation systems, instrument tracking devices, integrated workstations, robotic-assisted surgery devices, surgical tables, surgical lights, surgical booms, OR modular room systems, and OR management solutions. The geographic scope is the United States and the EU5 (France, Germany, Italy, Spain, the United Kingdom). The study period is from 2015 to 2022.

Author: Bejoy Daniel

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Key Findings

Market Scope

Market Segmentation

Key Questions this Study will Answer

Market Engineering Measurements

CEO’s Perspective

Key Companies to Watch

3 Big Predictions

Market Overview

OR Products and Solutions—Critical Pain Points

OR Products and Solutions—Preparing for the Future

OR Service-related Challenges (End-user Perspective)

OR Service-related Challenges (Vendor Perspective)

Overview of OR Services

Integration across OR Market Segments

OR Transformational Initiatives

Defining Healthcare Trends in the Future of OR Services

Defining Healthcare Trends in the Future of OR Services (continued)

Defining Healthcare Trends in the Future of OR Services (continued)

Defining Healthcare Trends in the Future of OR Services (continued)

Defining Healthcare Trends in the Future of OR Services (continued)

Market Segmentation

Definitions—OR Workflow Solutions

Definitions—OR Surgical Workplace Solutions

Definitions—OR Services

Adoption Trends across Market Segments

Drivers and Restraints

Market Drivers

Drivers Explained

Drivers Explained (continued)

Drivers Explained (continued)

Market Restraints

Restraints Explained

Restraints Explained (continued)

Restraints Explained (continued)

Restraints Explained (continued)

Restraints Explained (continued)

Market Engineering Measurements

Forecast Assumptions and Discussion

Revenue Forecast—Total Market (US & EU5)

Revenue Forecast Discussion—Total Market (US & EU5)

Percent Revenue Forecast by Country

Revenue Forecast by Country

Market Share—OR Workflow Solutions (US & EU5)

Market Share—OR Surgical Workplace Solutions (US & EU5)

Market Share—OR Services (US & EU5)

Key Manufacturers—Product Profiling

Growth Opportunity—Augmented Reality/Virtual Reality

Growth Opportunity—Enabling Predictive Analysis and Patient Centricity through Digital Platforms

Strategic Imperatives for Success and Growth

Market Engineering Measurements

Revenue Forecast

Revenue Forecast Discussion

Revenue Forecast by Product Type—OR Workflow Solutions Segment (US)

Unit Shipment Forecast by Product Type—OR Workflow Solutions Segment (US)

Revenue and Unit Shipment Forecast by Product Type Discussion—OR Workflow Solutions Segment (US)

Revenue Forecast by Product Type—OR Workflow Solutions Segment (EU5)

Unit Shipment Forecast by Product Type—OR Workflow Solutions Segment (EU5)

Revenue and Unit Shipment Forecast by Product Type Discussion—OR Workflow Solutions Segment (EU5)

Market Engineering Measurements

Revenue Forecast

Revenue Forecast Discussion

Revenue Forecast by Product Type—OR Surgical Workplace Solutions Segment (US)

Unit Shipment Forecast by Product Type—OR Surgical Workplace Solutions Segment (US)

Revenue and Unit Shipment Forecast by Product Type Discussion—OR Surgical Workplace Solutions Segment (US)

Revenue Forecast by Product Type—OR Surgical Workplace Solutions Segment (EU5)

Unit Shipment Forecast by Product Type—OR Surgical Workplace Solutions Segment (EU5)

Revenue and Unit Shipment Forecast by Product Type Discussion—OR Surgical Workplace Solutions Segment (EU5)

Market Engineering Measurements

Revenue Forecast

Revenue Forecast Discussion

Revenue Forecast by Service Type—OR Services Segment (US)

Revenue Forecast by Service Type—OR Services Segment (EU5)

Revenue Forecast by Service Type Discussion—OR Services Segment (US & EU5)

Regional Overview—Total Market (The United States)

Revenue and Unit Shipment Forecast—Total Market (The United States)

Revenue and Unit Shipment Forecast Discussion—Total Market (The United States)

Regional Overview—Total Market (Germany)

Revenue and Unit Shipment Forecast—Total Market (Germany)

Revenue and Unit Shipment Forecast Discussion—Total Market (Germany)

Regional Overview—Total Market (France)

Revenue and Unit Shipment Forecast—Total Market (France)

Revenue and Unit Shipment Forecast Discussion—Total Market (France)

Regional Overview—Total Market (The United Kingdom)

Revenue and Unit Shipment Forecast—Total Market (The United Kingdom)

Revenue and Unit Shipment Forecast Discussion—Total Market (The United Kingdom)

Regional Overview—Total Market (Italy)

Revenue and Unit Shipment Forecast—Total Market (Italy)

Revenue and Unit Shipment Forecast Discussion—Total Market (Italy)

Regional Overview—Total Market (Spain)

Revenue and Unit Shipment Forecast—Total Market (Spain)

Revenue and Unit Shipment Forecast Discussion—Total Market (Spain)

Key Strategies for Success

Key Strategies for Success (continued)

Creating an OR Culture for Digital Transformation—Digitizing Care Delivery

Creating an OR Culture for Digital Transformation—Digitizing Staff Management

Creating an OR Culture for Digital Transformation—Digitizing the Patient Experience

Creating an OR Culture for Digital Transformation—Digitizing Hospital Design

Creating an OR Culture for Digital Transformation—Digitizing Workflow and Operation Management

Implementation of Communication through Integration and Collaboration

Data Analytics to Build an Understanding of Wellness Trends—A Strategy for Predictive Analysis

Key Companies to Watch

Companies to Watch—AR/VR

Companies to Watch—AR/VR (continued)

Companies to Watch—AR/VR (continued)

Companies to Watch—AR/VR (continued)

Companies to Watch—AR/VR (continued)

Companies to Watch—Enabling Predictive Analysis and Patient Centricity through Digital Platforms

Key Companies to Watch—Enabling Predictive Analysis and Patient Centricity through Digital Platforms (continued)

Key Companies to Watch—Enabling Predictive Analysis and Patient Centricity through Digital Platforms (continued)

Stryker

Stryker (continued)

Getinge AB

Getinge AB (continued)

Intuitive Surgical

Intuitive Surgical (continued)

Censis Technologies

Censis Technologies (continued)

7D Surgical

7D Surgical (continued)

Auris Health

Auris Health (continued)

The Last Word—3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

Related Research
The key issue being debated in the healthcare industry today is how to transform a seemingly simple operating room (OR) into a technology-fueled, infection-free, and sleek surgical environment. A true smart hospital focuses on 3 major areas, namely, operational efficiency, clinical excellence, and patient-centricity, with technological advancements being leveraged to derive smart insights. For clinical excellence, solutions must be implemented so that doctors and nurses can perform their tasks efficiently. Besides using state-of-the-art medical equipment, the general surgery, emergency, radiology, and intensive care departments, and the outpatient department as well, need to implement solutions to make processes faster and more streamlined, which will help achieve the best patient outcomes. Effective OR solutions must also provide patient-centric services that are not necessarily aligned to the clinical outcomes; for example, smart patient rooms, services that enhance patient well-being during their hospital stay, and a better overall hospital design that will remove the fear of being hospitalized - these are crucial to patient satisfaction. At present, OR transformation and digitization are facing similar challenges. Apart from the obvious financial requirements, there is the absolute need for interoperability, the risk of cybersecurity, and the lack of expert resources. Hospitals struggle with the major question of where to begin. A comprehensive solution set needs to be formulated as a strategy plan, and small parts of the solution can be applied, keeping the systems open and interoperable for future solutions to be easily integrated. Offering a bundled range of OR products decreases average sales price for components and solidifies market share. On average, hospital cost for stays with OR procedures are more than twice the cost for an inpatient stay without an OR procedure. An hour in an OR, depending on the procedure, can cost $150-250, excluding resource cost. Hence, the OR accounts for approximately 60% of hospital revenue. As hospitals envision investing in solutions that integrate and collaborate multi-disciplinary units and devices for optimal resource and space utilization, companies such Stryker and Getinge are transitioning their offerings from OR products to OR solutions. As pressure builds to make healthcare expenditure more stringent, virtual consulting platforms and augmented reality will become more mainstream to improve access in terms of diagnosis, enhance predictability, and offer accurate treatment planning. This research service is segmented into OR workflow solutions, OR surgical workplace solutions, and OR services, and these include sub-segments such as visualization solutions, equipment navigation systems, instrument tracking devices, integrated workstations, robotic-assisted surgery devices, surgical tables, surgical lights, surgical booms, OR modular room systems, and OR management solutions. The geographic scope is the United States and the EU5 (France, Germany, Italy, Spain, the United Kingdom). The study period is from 2015 to 2022. Author: Bejoy Daniel
More Information
No Index No
Podcast No
Author Bejoy Daniel
Industries Healthcare
WIP Number MDD8-01-00-00-00
Is Prebook No
GPS Codes 9600-B1,9A47-B1,9A48-B1,9A4B-B1