Some of the prominent participants in the global hybrid operating room market are Trumpf Medical, Toshiba, IMRIS, Eschmann Equipment, Skytron, Stryker, MAQUET, Philips, GE Healthcare, and Siemens Healthineers. In order to steal a march over their competitors, such players are banking upon mergers and acquisitions and partnerships which will enable them to tap into larger resources, diversify products, and access markets in various corners of the world.
A report by Transparency Market Research predicts the global market for hybrid operating room to witness intense competition in the years ahead with players trying to outgun one another on the basis of product differentiation and competitive prices.
As per the TMR report, the global market for hybrid operating room will likely rise at a steady CAGR of 4.60% from 2017 to 2022, to become worth US$828.1 bn by the end of 2022 from US$661.8 mn by 2017.
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Dealing a blow to demand for hybrid operating rooms, on the other hand, is the high cost of installation of the equipment. Complexity of the installation process is also proving to be a restraint. However, helping to overcome the obstacle is the rising preference for minimally invasive surgeries among patients, supportive policies, and increasing investments for development of new technologies.
The most prominent trend in this market is the strategic alliances among multinational players and regional and small-scale OEMs.
Hospitals and ambulatory surgical centers (ASCs) are key end use segments in market.