by Operating tables, also known as operating beds, are essential medical equipment used in surgery rooms. They are designed to support patients in various positions during medical procedures performed by surgeons and medical staff. Advanced operating tables offer enhanced patient safety, improved ergonomics for medical personnel, and real-time imaging compatibility.
The global Operating Table Market is estimated to be valued at US$ 1.5 Bn in 2023 and is expected to exhibit a CAGR of 3.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Growing investments in healthcare infrastructure development, especially in developing regions, is a major trend propelling the operating table market growth. Governments around the world are taking initiatives to modernize and expand their healthcare facilities which is increasing the demand for operating tables and other critical medical devices. Furthermore, the demand for multi-functional and technologically advanced operating tables is on the rise with growing preference for minimally invasive surgeries among patients and surgeons. Key players are continuously focusing on developing tables that offer enhanced patient positioning, integrated lighting systems, and compatibility with medical imaging devices like CT and MRI. This is expected to drive the demand for premium operating tables during the forecast period.
SWOT Analysis
Strength: Operating tables are essential medical equipment used in the operating room for various minimally invasive and open surgeries. They offer versatility, reliability, safety, and comfort.
Weakness: High costs associated with advanced electronic and hydraulic operating tables pose affordability challenges. Manual operating tables with basic functionality continue to be preferred by many budget-constrained hospitals and clinics in developing nations.
Opportunity: Growing incidence of chronic diseases and rising healthcare expenditures are anticipated to drive the demand for various surgical procedures globally. This would increase the need for technologically advanced operating tables.
Threats: Prices of raw materials like steel and electronics components undergo fluctuations globally. Also, strong competition exists among operating table manufacturers.
Key Takeaways
The Global Operating Table Market Size is expected to witness steady growth.
Regional analysis: The North American operating table market accounted for the largest revenue share in 2022 and is projected to maintain its lead through 2030. This can be attributed to the rapid adoption of advanced medical technologies, presence of major players, and growing healthcare expenditure in the region. Asia Pacific is projected to witness the fastest growth during the forecast period owing to increasing medical tourism, rising incomes, expanding healthcare infrastructure and growing incidence of lifestyles diseases in highly populous countries like China and India.
Key players: Key players operating in the operating table market include Hill-Rom Holdings, Inc., Skytron LLC, Steris Plc, Lojer Oy, Schmitz & Sohne GmbH & Co.KG, Mizuho Corporation, and Getinge AB. These companies have adopted strategies like new product launches, partnerships, and expansions to garner higher revenue shares and cater to the rising demand. For instance, in 2021, Hill-Rom expanded its operating room portfolio with the launch of the TruSystem 7000S and TruSystem 7000Si operating tables
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
