Market InsightsRapid expansion of the global healthcare sector has resulted in increased efficiency of several medical processes.
Market Research Future’s detailed analysis of the global Integrated Operating Room Management Systems Market has led to several key findings which offer conclusive information regarding the growth of the market over the forecast period from 2018 to 2023.
In 2017, at the start of the forecast period, the integrated operating room management systems market was valued at USD 766.88 Mn and is projected to expand at an optimistic CAGR of 10% during the review period.
Following this trajectory, the integrated operating room management systems market is likely to reach a market value of USD 1,521.81 by 2023.Advancement of medical technology has resulted in the rapid development of advanced diagnostic, and therapeutic technology, thus making operating rooms more complex and increasingly congested.
For instance, according to the Surgical Neurology Internation, Medicare reimbursed USD 142,075 for neurosurgeries and a similar amount for orthopedic surgeries.
As a result, more patients are choosing otherwise unaffordable surgical treatments, thus increasing demand for efficient surgical operations and procedural management.Notably, risk factors associated with surgeries make patients hesitant to receive surgical operations, and despite favorable reimbursement policies, hospitalization comes with a hefty bill which further discourages patients and restrains market growth.