Operating rooms account for the largest share of investment costs, maintenance costs, operating expenditures, revenues, and budgets of hospitals. Thus, it is imperative as well as strategic for hospitals to manage operating rooms efficiently, as the opportunity to increase returns on investments by optimizing the use is greatest for operating rooms. Global operating room management market aims to maximize operational efficiency by increasing the number of surgical procedures performed and by minimizing the resources needed. Strategic operating room management market deals with long-term decision-making based on predicted workload, which is not limited to maximizing the utilization of personnel’s and materials but also involves expansion decisions, optimal patient safety and outcomes, decreased delays with a result of achieving the satisfaction of outcomes for both the physicians and the patients.
Global Operating Room Management Market Size
According to the report of Research Cosmos, The Global Operating Room Management Market value was 1.75 billion USD in 2017 and the value is predicted to reach 2.81 billion USD by 2022 growing at a significant CAGR of 10.7% during 2017 to 2022.
What are the factors driving demand for Global Operating Room Management Market?
Hospitals are being overwhelmed by the pricing pressures, growing healthcare costs, growing infrastructure, and redevelopment. Achieving patient satisfaction when the cost of noncompliance can be prohibitive is increasingly seen as an uphill task. The situation has been complicated by the demographic drivers such as growing numbers of surgeries owing to rising risk factors such as elderly and chronic sick population, and diseases. Elective surgery is scheduled in advance and is subject to choose of the patient or physician depending on economics, medical conditions, and payers’ concerns. Managing and optimizing returns from elective surgeries is imminent as they account for the largest share of revenue generated for any hospital. The emergence of third-party payers like healthcare insurance and reimbursements, coupled with the growing choices has led to increase in the power of buyers in the surgeries market, favoring hospitals with the least cost and best outcome. The market constraints are high installation and maintenance costs, and lack of awareness. Technical constraints include concerns of information security due to the open nature of the network and conflicting protocols. The high operational cost associated with the setting up of operating room management is also hampering the growth of the market.
Geographic Segmentation:
Geographically, Global operating room management market has been divided into regions like North America, Europe, and the Asia Pacific. The market has been mainly dominated by North America followed by Europe. Europe is expected to become the second-largest contributor to the market.
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Key Players in Global Operating Room Management Market:
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