The global hybrid operating room market is projected to reach USD 1.17 billion by 2022 at a CAGR of 12.5% during forecast period. The major factors driving the growth of the hybrid operating room market include the increasing adoption of minimally invasive surgical procedures and ongoing technological advancements.
North America accounted for the largest share of the global hybrid operating room market in 2016, followed by Europe. The large share in the North American region is mainly attributed to the significant investments by hospitals to upgrade their operating rooms, coupled with the increasing number of surgical procedures and ambulatory surgery centers in the region. The Asia-Pacific region is expected to register the highest growth rate during the forecast period, due to the rapid growth in the healthcare expenditure in emerging APAC countries such as China and India, which will support the adoption of advanced surgical & diagnostic technologies in their respective healthcare systems during the forecast period.
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Ongoing technological advancements in the field of robot-assisted surgeries are expected to enable surgeons to perform surgical procedures with greater precision, accuracy, and shorter procedural time. The adoption of medical robots in a hybrid operating room setup is expected to rise during the forecast period. Moreover, recent advancements in the field of surgical treatments coupled with the advent of minimally invasive technologies have resulted in reduced hospitalization time, minimal patient injury, faster patient recovery, lower procedural costs, and higher therapeutic efficacy with lower chances of disease relapse (as compared to conventional procedures).
Based on components, the hybrid operating room market is segmented into intraoperative diagnostic imaging systems, operating room fixtures, surgical instruments, audiovisual display systems and tools, and other components. The intraoperative diagnostic imaging systems segment is expected to grow the fastest (as compared to other component segments) owing to the increasing application horizons of hybrid operating rooms, development of advanced diagnostic imaging systems (such as MRI, CT scaner, and angiography systems), and growing adoption of image-guided surgeries in effective disease management.
Emerging markets (such as India, China, Japan, New Zealand, Indonesia, and South Korea) are expected to offer significant growth opportunities due to the rapid growth in the healthcare expenditure in emerging APAC countries, which will support the adoption of advanced surgical & diagnostic technologies in their respective healthcare systems, presence of large patient population for chronic diseases coupled with the rapidly growing geriatric population, rising awareness of advanced medical imaging technologies, ongoing government initiatives to modernize & expand healthcare infrastructure across emerging Asian countries, continuous reduction in the cost of products associated with hybrid OR settings and growing trend of medical tourism across RoAPAC.
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