As per the research study, the opportunity in The Global Hybrid Operating Room Market is estimated to US$661.8 mn by 2017. Further, it is anticipated to rise at a CAGR of 4.60% during the period from 2017 to 2022 and attain a value of US$828.1 bn by the end of the forecast period. “The global market is highly driven by the continual technological advancements in this field, especially in developing economies,” says an analyst at TMR. The high adoption rate of robotic surgeries in various Asian countries, such as China, Taiwan, Japan, and Korea, has also been supporting the growth of this market considerably.
The Middle East and Africa (MEA), Latin America, North America, Europe, Asia Pacific excluding Japan (APEJ), and Japan have surfaced as the main regional markets for hybrid operating rooms across the world. Of these, North America is the leading contributor to the global market, owing to the presence of advanced medical and healthcare infrastructure in this region, especially in Canada and the U.S. Analysts expect the North America market for hybrid operating rooms to retain its position over the forthcoming years. The rising number of ASCs, significant increase in investments by hospitals and ASCs to upgrade their operating rooms, and the augmenting need for surgical procedures are projected to boost this regional market over the next few years, reports the research study.
The leading players in this market, such as Toshiba, Trumpf Medical, IMRIS, Eschmann Equipment, Stryker, MAQUET, Skytron, Philips, Siemens Healthineers, and GE Healthcare, are increasingly engaging into partnerships and mergers and acquisitions in a bid to strengthen their presence in the global market. Over the forthcoming years, the market is projected to experience intensified rivalry between the key companies, competing with each other on the basis of price differentiation and innovation in products.
Report Overview, with TOC –