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Hospitals are under extreme pressure to reduce costs and become more profitable. Operating rooms (ORs) drive approximately 60% of revenue in the average hospital. The most critical issues entail finding new methods to reduce human error and improve the efficiency and quality of surgical care. Technology is now available to help hospitals reduce surgical risks and maximize their return on OR investments.

The major challenges for digital OR implementation, apart from the obvious cost, include the need for interoperability and robust cybersecurity, and the lack of expert resources. A detailed, comprehensive solution set needs to be formulated: implementation can be in phases, keeping the systems open and interoperable so that additional solutions can be easily integrated. Frost & Sullivan believes that the current generation of professionals will soon make up the majority of the global healthcare workforce and deliver the changes that are needed to ensure healthcare system effectiveness. Technology will transform healthcare delivery, improve patient care, make work more satisfying, and drive value-based care. Vendors today are offering surgical and training solutions, and OR integration systems.

The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in an industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned.