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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

An operating room (OR), also known as surgery center, is a hospital unit, where surgical procedures are performed. Due to the continuous development of advanced diagnostic and imaging technology for the operating room (OR), the operating rooms are becoming increasingly congested and complex, with a multitude of OR devices and monitors. An OR integration system is intended to simplify and streamline the operating room by consolidating data, video access, and controls for all of these devices at a centralized command station, allowing the surgical staff to perform many of their tasks efficiently without moving around the OR.

The operating room is a demanding environment that necessitates concentration, efficiency, communication, and expert knowledge. In the absence of OR Integration, surgical teams have to navigate around the Operating Room to perform a variety of tasks  such as checking a computer for patient information, writing this information on a white board, moving to the wall to control OR lighting, entering the surgical field to display or change the video they are viewing. Therefore, to avoid this, OR Integration systems are installed which consolidate and organize all patient data for the surgical staff during a procedure, reducing congestion and streamlining information across multiple platforms.

Global Operating Room Integration Market – Dynamics

The rising mergers, collaborations, and acquisitions within market players is expected to propel the global operating room integration market growth over the forecast period. For instance, on April 30, 2020, Fujifilm Medical Systems, U.S.A., Inc. announced that entered into a collaboration with Caresyntax corp., a leading developer in surgical automation, analytics software to supply Fujifilm Systems Integration, which will use Caresyntax's proprietary operating room (OR) integration and workflow automation intelligence. Fujifilm and Caresyntax plans to work together to build a system integration solution for image and data integration in the operating room (OR/Hybrid OR) and endoscopy suite, connecting Fujifilm's medical image capture products and Synapse brand viewing, storage, and analytics technologies.

Moreover, increasing number of hip and knee replacement surgeries is expected to drive the global operating room integration market growth over the forecast period. For instance, according to Eurostat (Directorate-General of the European Commission), in 2018, hip replacements were performed 311 times per 100,000 people in Germany and between 275 and 300 times per 100,000 people in Austria, Belgium, and Finland; these were the highest rates among European Union (EU) Member States. Moreover, according to the same source, in 2018, over 200 knee replacements per 100,000 people were performed in Finland, Austria, Germany, and Belgium. These factors are expected to support global operating room integration market growth over the forecast period.

Global Operating Room Integration Market – Regional Insights

Among regions, North America is estimated to account for the largest share in global operating room integration market over the forecast period, owing to the recent acquisitions within the market players. For instance, on December 12, 2019, Caresyntax, a pioneer in surgical automation, quality analytics, and artificial intelligence, announced the acquisition of Syus, a leader in operating room (OR) operations and cost analytics. This acquisition expands Caresyntax's global footprint to over 7,000 operating rooms, including over 1,100 in the U.S., and strengthens the company's capabilities in artificial intelligence and the use of real-world evidence with the addition of data from over nine million surgical cases.

Furthermore, due to the recent launches of operation room integration solutions, Europe may witness a lucrative growth in global operating room integration market over the forecast period. For instance, on March 3, 2021, Olympus, a manufacturer of optics, announced to launch EASYSUITE, its next generation operating room (OR) integration solution, in the Europe, Middle East, and Africa (EMEA) region. EASYSUITE include video management and routing, procedure recording, medical content management, and virtual collaboration. Medical equipment and all major functions of a modern, digital OR can be accessed centrally and with a single touch using Olympus' new OR integration solution EASYSUITE. Its user interface is intended to support every step prior to, during, and after the surgical procedure, allowing the surgeon and his or her team to focus solely on the patient. These factors are expected to support global operating room integration market growth over the forecast period.

Global Operating Room Integration Market    – Taxonomy

By Component:

  • Software
  • Services

By Device Type:

  • Audio Video Management System
  • Display System
  • Documentation Management System
  • Others

By Application:

  • General Surgery
  • Orthopedic Surgery
  • Neurosurgery
  • Cardiovascular Surgery
  • Others

By End User:

  • Hospitals
  • Ambulatory Surgery Centers
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa

Global Operating Room Integration Market – Competitive landscape

Key players operating in the global operating room integration market include Fujifilm Medical Systems, U.S.A., Inc., Caresyntax Corporation, Olympus Corporation, Stryker Corportion, STERIS plc., GE Healthcare, Skytron LLC, BrainLab AG, and MedTel Healthcare.

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Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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