Hybrid operating rooms are equipped with advanced medical imaging and networking solutions with fully functioning operating suites supporting high quality interventional imaging, open surgeries and minimally invasive surgeries. The market is expected to grow at a CAGR of 13% during the forecast period of 2021 to 2029. The hybrid ORs market is anticipated to experience significant growth over the forecast period mostly owning to increase in healthcare spending, rise in the number of surgical procedures and increasing popularity of hybrid ORs. The healthcare industry is transforming from conventional operating methods to intra-operative approach for surgeries. An estimated 234 million major surgeries are performed every year globally which include cardiac catheterizations, endoscopy, and neurosurgery and so on. The increasing demand for minimally invasive surgeries is driving the growth of hybrid operating rooms.

For the purpose of the study, hybrid ORs market is categorized on the basis of products and applications. Market size and forecast for each of these segments for the period from 2019 to 2029 are provided in this study along with respective CAGRs for the forecast period from 2021 to 2029. On the basis of product type, the global hybrid ORs market is categorized as operating tables (mobile operating tables & stationary operating tables), ORs lights (LED lightings & halogens), surgical booms, surgical imaging displays, intraoperative diagnostic devices (3D ultrasound, MRI, computed tomography, computer assisted robotic surgery, C-arm X-Ray & infrared imaging systems) and operating room communication systems (audio visual & operating rooms integration system). On the basis of application type market classified as therapeutics (cardiovascular, neurosurgery, thoracic surgery, biopsy, orthopedic surgeries, laparoscopic surgeries and emergency care) and diagnostics (fluoroscopy, digital subtraction angiography & three-dimensional (3D) C-Arm computed tomography). 

Advancements in Minimally Invasive Surgeries for Critical Diseases Driving Revenues 

Hybrid operating room market is majorly driven by increasing prevalence and incidence rate of cardiology diseases and rising hybrid operating approach to minimally invasive surgeries. For instance, as per WHO, by 2030, 23.3 million people will be fatally affected by CVD, CHD and other heart diseases. Moreover, in the U.S., more than 34% of the American youth have suffered from high blood pressure. In Europe, Cardiovascular disease causes nearly over 4 million deaths each year, which accounts for 45% of all the deaths over the European population. The healthcare industry is gradually transforming from conventional operating methods to intraoperative approach for surgeries. Hospitals in different countries are adopting hybrid operating room to perform CVD surgeries. 

Intraoperative Diagnostics Devices Hold the Largest Revenues 

It is studied that intraoperative diagnostic devices contributed more than 40% of the global market revenue (in 2020) due to higher capital cost of such systems, and their incumbent status in every minimally invasive surgical procedure.  The intraoperative diagnostic devices are used in the hybrid operating room for performing detailed and highly accurate surgeries and imaging of brain, bones, and other body parts. Through these devices, both the imaging and diagnostic systems with surgical facilities are achieved that ensures better care and minimum wastage of time. The Intraoperative diagnostic devices market is primarily driven by the increasing number of surgical procedures related to various diseases across the globe. Due to technological advancement and rising prevalence of tumors, cardiovascular diseases, and other neurological disorders, there is a significant demand for MRI and 3D ultrasound systems in the market. The OR communication systems segment is anticipated to show the highest market growth over the forecast period primarily due to growing demand for surgical machineries with wireless connectivity. 

Increasing Healthcare Expenditure Sets NA as The Largest Market 

North America leads global hybrid operating room market by capturing largest market share in 2020. North America hybrid operating room market is anticipated to grow at a CAGR of 13% during forecast. The North America hybrid operating room market is mainly driven by increasing healthcare expenditure, presence of key players coupled with increasing prevalence of diseases. Furthermore, according to Centers for Medicare & Medicaid Services (US) the healthcare expenditure is projected to increase to 20% of the GDP by 2025. Such high healthcare expenditure coupled with demand for quality healthcare affirms the adoption of hybrid operating rooms as these are higher in cost as compared to conventional operating rooms, thereby positively supplementing the North America hybrid operating room market. Moreover, the presence of key players providing their products in the region also drives the North America hybrid operating room market. Some of the key players include GE Healthcare (U.S.), NDS Surgical Imaging, LLC (U.S.), Johnson & Johnson (U.S.) etc. On the other hand, Asia Pacific market is expected to grow at the highest rate during the forecast period mainly due to rapid evolution of healthcare infrastructure, growing healthcare investments, proliferation of medical tourism in some ASEAN countries such as India, Malaysia, Thailand, South Korea etc. and rise in the adoption of technological advanced surgical techniques. 

Key Market Players

The global hybrid ORs market is highly competitive and involves a large number of players. However, major competition lies between players operating in their individual segments. At present the market is dominated by few key manufacturers such as GE Healthcare, Inc., Karl Storz Gmbh & Co. KG, Maquet Getinge Group, Mizuho OSI, Inc., NDS Surgical Imaging, LLC, Koninklijke Philips N.V., Siemens Healthineers, Inc., Skytron, STERIS plc., Stryker Corp., Toshiba Corporation and others. 

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Hybrid Operating Rooms market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Hybrid Operating Rooms market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Hybrid Operating Rooms market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Hybrid Operating Rooms market?
• Which is the largest regional market for Hybrid Operating Rooms market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Hybrid Operating Rooms market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Hybrid Operating Rooms market worldwide?