U.S. Integrated Operating Rooms Market Size, Share & Trends Analysis Report By End Use (Hospitals, Ambulatory Surgical Centers, Hospital-based Outpatient Department), And Segment Forecasts, 2021 - 2028

Report Overview

The U.S. integrated operating rooms market size was valued at USD 1.67 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 10.1% from 2021 to 2028. Increasing demand for minimally invasive & image-guided procedures and the growing popularity of integrated ORs are anticipated to boost the market growth. Furthermore, technologically advanced healthcare IT infrastructure and the rising number of Ambulatory Surgery Centers (ASCs) are also expected to fuel market growth. The COVID-19 pandemic has created both public health and economic crisis in the U.S. Moreover, it has compelled the healthcare industry to take quick actions for the development of therapeutic and preventive measures.

The economic crisis is unparalleled in its scale: The pandemic has led to disruption in supply chain, product demand, and economy. The COVID-19 impact on surgical practice is extensive, ranging from procedural prioritization, workforce & staffing issues, transmission risk during procedures.

In minimally invasive surgery, specialists use several techniques to ensure minimum injury to the body. With the introduction of truly integrated solutions, minimally invasive procedures are replacing traditional surgical care in the medical field. Frequent innovations in minimally invasive procedures have made them beneficial for individuals suffering from several health conditions. Hence, these procedures are widely accepted in the market.

End-use Insights

The ASCs segment is expected to register the fastest growth rate of over 33% from 2021 to 2028 owing to the high demand for ASCs in the U.S. Furthermore, the lack of economic resources and shortage of beds in hospitals is anticipated to boost the growth of this segment during the forecast period.

The Office-based Labs (OBL/physician clinic) segment accounted for a significant revenue share of the global market in 2020. The segment growth is attributed to the increasing patient population suffering from chronic diseases, which is driving the need for integration of operating rooms as it assists in reducing the complexity and burden on physicians for efficient management of surgical workflows.

Key Companies & Market Share Insights

The market is highly competitive and fragmented. Market players implement strategic initiatives, such as product development &launches, expansion of distribution network, and global footprint through subsidiaries and partnerships. Key players are also involved in portfolio diversification and mergers & acquisition. For instance, in January 2021, Stryker publicized the acquisition of OrthoSensor, Inc., a frontrunner in the digital evolution for total joint replacement. This move is expected to strengthen its market position. Some of the key players in the U.S. integrated operating rooms market include:

• Stryker

• Brainlab AG

• Barco

• Steris Plc

• Arthrex, Inc.

• Karl Storz

• Olympus Corporation

• Getinge AB

• Skytron, LLC

• Caresyntax

• Sony

U.S. Integrated Operating Rooms Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the country level and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2028. For the purpose of this study, Grand View Research has segmented the U.S. integrated operating rooms market report on the basis of end-use:

• End-use Outlook (Revenue, USD Million, 2016 - 2028)

  • Hospitals

  • Hospital-Based Outpatient Department (HOPD)

  • Ambulatory Surgery Centers (ASC)

  • Office Based Labs (OBL)