Frost Radar™: Digital Operating Rooms, 2020
Published on: 29-Jun-2021 | SKU: HC03426-NA-MR_25537

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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.

Author: Bejoy Daniel

Strategic Imperative

Growth Environment

Growth Environment (continued)

Market Segmentation

Frost Radar™: Digital Operating Rooms

Frost Radar™: Competitive Environment

Frost Radar™: Competitive Environment (continued)

Brainlab

CAE Healthcare

Caresyntax

Fujifilm

Fundamental VR

Getinge

Immersive Touch

Intuitive Surgical

Karl Storz

Medtronic

Mentice AB

Olympus

Osso VR

7D Surgical

Steris

Stryker

Surgical Theater

Theator IO

Strategic Insights

Significance of Being on the Frost Radar™

Frost Radar™ Empowers the CEO’s Growth Team

Frost Radar™ Empowers Investors

Frost Radar™ Empowers Customers

Frost Radar™ Empowers the Board of Directors

Frost Radar™: Benchmarking Future Growth Potential

Frost Radar™: Benchmarking Future Growth Potential

Legal Disclaimer

Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Growth Index

Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.

  • Market Share (previous 3 years)
    This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years.
  • Revenue Growth (previous 3 years)
    This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™.
  • Growth Pipeline
    This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities.
  • Vision and Strategy
    This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision?
  • Sales and Marketing
    This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.

Innovation Index

Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.

  • INNOVATION SCALABILITY
    This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals.
  • RESEARCH AND DEVELOPMENT
    This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline.
  • PRODUCT PORTFOLIO
    This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue.
  • MEGATRENDS LEVERAGE
    This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline.
  • CUSTOMER ALIGNMENT
    This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.

Significance of Being on the Frost Radar™

Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.

  • GROWTH POTENTIAL
    Your organization has significant future growth potential, which makes it a Company to Action.
  • BEST PRACTICES
    Your organization is well positioned to shape Growth Pipeline™ best practices in your industry.
  • COMPETITIVE INTENSITY
    Your organization is one of the key drivers of competitive intensity in the growth environment.
  • CUSTOMER VALUE
    Your organization has demonstrated the ability to significantly enhance its customer value proposition.
  • PARTNER POTENTIAL
    Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.

Have questions about this research or need deeper insights?
Speak directly with our analytics experts for tailored recommendations.
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A tailored session with you where we identify the:
  • Strategic Imperatives
  • Growth Opportunities
  • Best Practices
  • Companies to Action

Impacting your company's future growth potential.

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. Author: Bejoy Daniel
More Information
Deliverable Type Frost Radar
No Index No
Podcast No
Author Bejoy Daniel
Industries Healthcare
WIP Number MG03-01-00-00-00
Is Prebook No
GPS Codes 9600-B1,9A47-B1,9A48-B1,9A49-B1,9A4B-B1

Frost Radar™: Digital Operating Rooms, 2020

HealthcareFrost Radar™: Digital Operating Rooms, 2020

A Benchmarking System to Spark Companies to Action - Innovation that Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
29-Jun-2021
REGION
North America
Deliverable Type
Frost Radar
Research Code: MG03-01-00-00-00
SKU: HC03426-NA-MR_25537
AvailableYesPDF Download
$4,950.00
In stock
SKU
HC03426-NA-MR_25537