OR products and services market expected to reach $7.04 billion by 2022

OR products and services market expected to reach $7.04 billion by 2022

John R. Fischer, Senior Reporter | July 08, 2019
Operating Room

"The transition of OR devices to OR solutions requires a collaborated and integrated services solution. The EU, being exposed to a large number of companies across various regions and preference for certain brands as well as local companies, poses a big challenge, as it becomes complex for devices to connect and talk to each other," said Daniel. "Moreover, as most ORs cater to individual specialties and disciplines, coordination in a complex collaborative system is a challenge, as it includes a diverse collection of domain-specific experts."

Frost & Sullivan recently reported on another area that is predicted to rise in demand, the global enterprise content management (ECM) market. It is expected to increase from $584 million to $1,330.5 million by 2023, driven by demands among healthcare providers for the ability to digitally consolidate administrative, operational, financial and clinical content.

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Approximately $30 billion worth of integration opportunities are likely to become available to healthcare and non-healthcare companies when ORs transition from regular rooms to integrated environments.

The report on the U.S. and EU5 hospital OR products and solutions market is part of Frost & Sullivan’s global Advanced Medical Technologies Growth Partnership Service program.

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