by Operating tables are specialized medical equipment used during surgical procedures. They provide comfort, safety and accessibility to patients and surgeons during operations by adjusting height and tilt positions. They help conduct operations efficiently in lesser time.
The global Operating Table Market is estimated to be valued at US$ 1.50 Bn in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the operating table market is the increasing adoption of hygiene and infection control features in operating tables. With rise in hospital acquired infections, there is growing demand for operating tables integrated with antibacterial coatings, easy to clean and disinfect surfaces. These hygienic operating tables help prevent cross-contamination and reduce risk of infections for both patients and medical staff. Their use is expected to increase significantly over the forecast period.
SWOT ANALYSIS
Strength: The operating table offers advanced features like motorized functionality, imaging abilities, and adjustable table tops which enhance surgical efficiency. These technical advancements are a major strength.
Weakness: Higher costs associated with advanced operating tables can be a barrier for small hospitals and clinics in developing countries. Lack of standardization also leads to interoperability issues sometimes.
Opportunity: Rising healthcare expenditure and increasing focus on minimally invasive surgeries across the globe is driving the demand for technologically advanced operating tables. Growing medical tourism in Asia Pacific also opens new opportunities.
Threats: Slow economic conditions can reduce hospital budgets and purchases of costly medical equipment like operating tables. Stiff competition among existing players can also affect the prices.
KEY TAKEAWAYS
Global Operating Table Market Demand is expected to witness high growth, exhibiting CAGR of 6.6% over the forecast period, due to increasing preference for minimally invasive surgeries. Growing demand for hybrid operating rooms integrated with advanced medical imaging systems is also fueling the market growth.
Regional analysis: North America dominated the operating table market and was valued at US$ 570 Mn in 2023 due to higher healthcare spending and rapid adoption of advanced medical technologies. Asia Pacific is anticipated to grow at a faster rate owing to rising medical tourism and increasing healthcare infrastructure development in China and India.
Key players operating in the operating table market are Hill-Rom Holdings, Inc., Steris Plc., Stryker Corp., Getinge AB, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Mizuho Corporation, Skytron LLC, Alvo Medical, and Allengers Medical Systems Ltd. Stryker holds the leading market position with wide geographic presence and diversified product portfolio in surgical equipment and operating tables.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
