The global operating room management (ORM) market accounted for USD 2.01 billion in 2017 and is expected to grow at a CAGR of 11.2 percent to reach USD 3.4 billion by 2022, according to MarketsandMarkets. Emphasis on cost control, efficiency improvement in ORs, redevelopment projects and funding to improve OR infrastructure, growing prevalence of diseases, rising geriatric population, and the increasing demand for OR supply management software are factors driving the growth of this market.
The data management and communication solutions segment is expected to dominate the market in 2017. The high growth rate of this segment is primarily attributed to its increasing demand and significant role in efficiently managing operating room expenditure. The on-premise solutions segment is expected to account for the largest share of the market in 2017. This delivery mode is preferred by end users owing to the advantages it offers such as the ability to reuse existing servers and easy implementation of backup and disaster recovery systems.
By component, the market is segmented into software and services. The software segment is expected to dominate the market in 2017. The large share of this segment can primarily be attributed to the growing installation of ORM software, coupled with the high cost of software and other associated costs such as licensing.
Geographically, North America dominated the market in 2016, and this is primarily attributed to increasing hospital expenditure, rising focus on activities to create awareness about ORM, and the large number of OR procedures in this region. APAC is expected to witness the highest CAGR over the next five years. The increasing need to curb healthcare costs, investments and reforms to modernize the healthcare system, and improving IT infrastructure are driving the growth of market in the region.