Surgical Tables Market
Number of pages: 100 | Report Format: PDF | Published date: October 17, 2022
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
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Report Attribute |
Details |
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Market size value in 2021 |
US$ 1300 million |
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Revenue forecast in 2030 |
US$ 2250 million |
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Growth Rate |
CAGR of 6.30% from 2022 to 2030 |
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Base year for estimation |
2021 |
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Forecast period |
2022-2030 |
|
Segments covered |
product type, type, end-user and region. |
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Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
The global surgical tables market was valued at US$ 1,300 million in 2021, and is expected to witness a CAGR of 6.30 % during the forecast period.
Market Fundamentals
Surgical tables have an imperative usage in hospital operating rooms. The objective is to keep the patient in position, while the surgical team performs the procedure. Surgical table attachments may be used to elevate various sections of the body for improved access to the surgical site.
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Market Dynamics
The increased number of surgeries globally is a key driver contributing to the market's expansion. This is attributed to a rise in trauma, chronic disease cases, and injury worldwide. Furthermore, Increasing hospital densities across the globe are also increasing the market for surgical tables. Rising healthcare standards in developing countries and technological advancements can further increase the market.
However, the surgical tables market may be hampered by a lack of skilled professionals to operate complicated surgical tables. Furthermore, the excessive cost of complex surgical tables causes market demand to be limited in developing countries.
Market Ecosystem
The global surgical tables market has been analyzed from four perspectives: product type, type, end-user and region.
Surgical Tables market by Product Type
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According to product type, the global surgical tables market is segmented into imaging tables, orthopedic tables, and general surgery tables. The general tables market has the majority of the market share. The growth is attributed to increased general surgery cases, such as gynecology surgery, orthopedic surgery, and ENT surgeries. The orthopedic tables segment is expected to grow in the forecast period owing to an increased population with bone disorders, mostly geriatric populations preferring surgical procedures. Furthermore, increasing incidences of sports injuries and accident cases are fueling this segment's growth.
Surgical Tables market by Type
The global market for surgical tables is grouped into powered and non-powered tables. The powered surgical segment has dominated the market. Powered surgical tables require an electric supply to adjust settings such as table height and sleeping surface tilt (tabletop). These adjustments are necessary when a surgeon has to take a different surgical procedure. Powered surgical tables offer unique features, such as providing different modes, for instance, an adjustable sleeping surface. The widespread use of powered surgical tables is also related to improved patient comfort. The non-powered category is predicted to increase rapidly throughout the forecast period due to its low cost and accessibility.
Surgical Tables Market by End-user
The operating tables market is divided into four segments based on end-user: hospitals, specialty clinics, trauma centers, and ambulatory centers. The hospitals category is predicted to have the biggest market share and dominate the industry. Ambulatory centers are projected to lead the market because they provide cost-effective procedures in a less stressful setting than hospitals. The growing number of ASCs worldwide propels the ambulatory surgery centers market forward.
Surgical Tables Market by Region
Regionally, the global surgical tables market has been segmented into North America, Europe, Asia Pacific, and the rest of the world. North America has dominated the global market. The growth is attributed to the presence of favorable reimbursement policies, growing preference for minimally invasive operations, and the high prevalence of chronic diseases and obesity. Furthermore, rising awareness of the need for advanced surgical operations to treat accidents and chronic disease problems is propelling market expansion. An increase in healthcare standards and the number of hospitals and clinics fuel the Asian Pacific market expansion. Additionally, the market in this region is growing due to the increased adoption of surgical procedures and the growing patient population with chronic diseases.
Competitive Landscape
The prominent players operating in the global surgical tables market are
The increased number of surgeries globally is a key driver contributing to the market expansion. This is attributed to increased trauma, chronic disease cases, and injury worldwide. Furthermore, Increasing hospital densities across the globe are also growing the demand for surgical tables. Rising healthcare standards in developing countries and technological advancements can increase demand.
The lack of skilled professionals to operate complicated surgical tables may hamper the surgical tables market. Furthermore, the excessive cost of complex surgical tables causes market demand to be limited in developing countries.
The global surgical tables market is expected to witness a CAGR of 6.30% during the forecast period from 2022 to 2030.
The global surgical tables market is expected to clock US$ 2,250 million by 2030.
The prominent players operating in the surgical tables market are Merivarra Corp., Stryker Corporation, Trumpf Medical, Getinge., Steris plc., Mizuho OSI, Schaerer Medical, Mizuho OSI, Staan Bio-Med Engineering Private Limited, Hill-Rom Holdings Inc., and Owen Mumford Ltd. among others.
*Insights on financial performance are subject to availability of the information in the public domain