Operating Room Management Software
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How Large Will the Operating Room Management Software Market Size By 2025?
The market size for operating room management software has expanded at a swift pace in recent years. The forecast shows it will increase from $2.77 billion in 2024 to $3.11 billion in 2025, signifying a compound annual growth rate (CAGR) of 12.4%. The historical period’s growth is attributable to factors such as substantial government backing, improved patient safety and quality of care, regulatory obligations, the necessity for project redevelopment, and cost management.
How Big Is the Operating Room Management Software Market Size Expected to Grow by 2029?
The market for operating room management software is projected to experience significant expansion in the forthcoming years. It’s estimated to reach a value of $4.92 billion in 2029, with a compound annual growth rate (CAGR) of 12.1%. This surge during the forecast period is linked to factors such as the escalating demand for less invasive surgeries, rising healthcare spending, increasing surgical operations, burgeoning medical tourism, and the growing incidence of chronic illnesses. Advance trends expected during the forecast period comprises of heightened adoption of artificial intelligence and machine learning, cloud-based solutions, product advancements, improved integration and interoperability, along with superior data analytics.
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Which Key Market Drivers Powering Operating Room Management Software Market Expansion and Growth?
The growth of the operating room management software market is predicted to be driven by the escalating number of surgical procedures. Surgical procedures are medical operations carried out by a surgeon or surgical team to diagnose, treat, or manage various health issues. The rise in surgeries is due to medical technology advancements, an aging population, and an increased demand for surgical interventions. Operating room management software is employed to enhance the orchestration, scheduling, and effectiveness of surgical procedures, thus improving patient care and resource use. For example, The Aesthetic Society, a US-based organization focused on plastic surgery and cosmetic medicine, reported in August 2023 that Americans spent over $11.8 billion on aesthetic surgeries in total, a 2% increase from the previous year. As a result, the ongoing growth of the operating room management software market is spurred by the growing proliferation of surgical procedures.
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Which Fast-Growing Trends Are Poised to Disrupt the Operating Room Management Software Market?
Prominent firms in the operating room management software market are focusing on incorporating artificial intelligence abilities into their software in order to boost productivity, better decision-making, and maximize resource usage. AI in operating room software integrates AI technologies to enhance the efficiency, precision, and safety of surgical operations. For instance, Zimmer Biomet Holdings Inc., an American medical device firm, unveiled advanced AI features for its Omni Suite intelligent operating room in May 2022. This cutting-edge AI function is aimed at improving surgical workflow and procedure efficiency by automating manual tasks and eliminating unnecessary technology and redundant hardware. The AI capability employs cameras for automatic identification and timestamping of important OR workflow steps such as patient arrival and departure, door tally, anesthesia delivery, surgery, and sanitization. Surgical teams are guided through a process that uses immediate access to workflow analytics to increase OR workflow productivity.
What Are the Emerging Segments in the Operating Room Management Software Market?
The operating room management software market covered in this report is segmented –
1) By Solution: Anesthesia Information Management, Data Management And Communication, Operating Room Scheduling Management, Operating Room Supply Management, Performance Management, Other Solutions
2) By Deployment: Cloud And Web Based, On-Premises
3) By End-Use: Hospitals, Ambulatory Surgical Centers (ASCs), Other End-Uses
Subsegments:
1) By Anesthesia Information Management: Anesthesia Documentation, Anesthesia Monitoring, Anesthesia Workflow Optimization
2) By Data Management And Communication: Patient Data Management, Communication Systems For OR Teams, Real-Time Data Sharing
3) By Operating Room Scheduling Management: Surgical Scheduling Software, Resource Allocation And Planning, Staff Scheduling And Coordination
4) By Operating Room Supply Management: Inventory Tracking And Management, Supply Chain Automation, Consumable Stock Monitoring
5) By Performance Management: Operating Room Efficiency Analytics, Quality Control And Improvement, Outcome Tracking And Reporting
6) By Other Solutions: Sterilization And Infection Control, OR Workflow Automation, Integration With Electronic Health Records (EHR)
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Who Are the Global Leaders in the Operating Room Management Software Market?
Major companies operating in the operating room management software market are McKesson Corporation, Optum Inc., Medtronic Plc, Siemens Healthineers AG, Koninklijke Philips N.V., Stryker Corporation, GE HealthCare Technologies Inc., B. Braun Melsungen AG, Zimmer Biomet Holdings Inc., Smith & Nephew plc, Steris plc, Hill-Rom Holdings Inc., Getinge Group, KARL STORZ GmbH & Co. KG, Richard Wolf GmbH, Picis Clinical Solutions Inc., Talis Clinical LLC, Medtel, Genesis Automation Healthcare, Epic Systems Corporation, Medical Information Technology Inc.
Which are the Top Profitable Regional Markets for the Operating Room Management Software Industry?
North America was the largest region in the operating room management software market in 2024. The regions covered in the operating room management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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