The global hybrid operating room market is projected to reach USD 1,174.9 million by 2022 from USD 652.0 million in 2017; growing at a CAGR of 12.5% during the forecast period. Factors such as technological advancements in the field of robot-assisted surgeries, increasing number of minimally invasive surgeries, and growing patient preference for affordable & effective surgical treatments are driving the growth of this market.
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.
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The global hybrid operating room market is segmented into cardiovascular, thoracic, neurosurgical, orthopedic, and other application segment. The thoracic applications segment is expected to grow at a fastest rate during the forecast period owing to the rising number of thoracic surgeries across the globe coupled with growing awareness of healthcare professionals towards the cost & therapeutic efficacy offered by hybrid ORs.
Moreover, the hybrid operating room market is further segmented by end user into hospitals & surgical centers and ambulatory surgical centers (ASCs). The hospitals and surgical centers is expected to grow faster as compared to ASCs owing to rising patient emphasis on timely and effective disease management, rising number of diagnostic and surgical procedures carried out at hospitals, and increasing number of hospitals and surgical centers being set up in developing countries (such as India, China, and South Africa) during the forecast period.
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