Operating Table Market: Future Forecast Assessed On The Basis Of How The Market
Posted by psaraf on July 15th, 2019
Operating Table Market - Supporting Better Health
Operating table is one of the essential operation theatre equipment that plays an important role in achieving better treatment outcomes. This is owing to vital function support and customization it offers according to type and need of surgery. Ease-of-use, versatility, multi-functionality and optimized access to the operating area are some of the desired characteristics of operating table.
Operating table has two major forms, first as manual /non-powered operating table and second as powered operating table that could be move up and down according to surgery needs. Tables and their individual segments are raised and lowered by mechanical gears or hydraulic piston systems using manual or electrical controls. Moreover, different designs of surgical table are available according to surgery needs such as ophthalmic surgery table, cardiology surgery table, and others.
The global operating table market size was valued at US$ 864.3 million in 2017, and is expected to witness a CAGR of 4.3% over the forecast period (2018 – 2026).
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Increasing surgical needs worldwide to be major driving factor for growth of the operating table market.
Operating table is integral part of any surgical procedure, therefore according to research by Coherent Market Insights, with rising surgical needs worldwide, there would be proportionate increase in the operating table market. For instance, according to Lancet Commission for Global Surgery report in 2015, around 143 million surgical needs were left unmet, annually and around 5 billion people lacked access to safe and affordable surgical and anesthesia care. Such high need would expand the market for the operating table. The report further stated that 28-32% of the global burden of disease can be surgically treated.
The high rate of unmet surgical needs is significant in developing economies such as China, India, Brazil, South Africa, ASEAN and other prominent countries. According study published in World Journal of Surgery in 2014, developed countries receives 73.6% world surgeries while the low income counties receives only about 3.5%. However, rapid development of quality healthcare infrastructure in these regions is expected to increase the healthcare spending thereby creating positive prospects for surgical equipment such as operating table.
Product innovation and increasing geriatric population worldwide to be factors of growth for the operating table market
There is logical corollary innovation behind continuous growth of the operating table market, this is especially the case in developed regions such as North America and Europe that already have one of highest per capita expenditure and strong healthcare infrastructure.
Several manufacturers of operating table are focused on launching innovative operating table, considering needs of all stakeholders in healthcare. For instance, in 2017, Hill-Rom launched TruSystem 3000 mobile operating table, which is a cost-effective, reliable and ergonomic handling operating table suitable for various surgical disciplines.
Furthermore, several companies are collaborating to introduce operating tables that target specific surgical needs. For instance, in November 2017, IMRIS and Hill-Rom’s— Trumpf Medical was approved by the U.S. Food and Drug Administration (FDA) as a new multi-functional operating room table, specifically designed for the IMRIS Surgical Theatre. This joint development integrates an IMRIS MR Neuro tabletop and Hill-Rom’s TruSystem 7500 Surgical Table platform with the IMRIS Surgical Theatre to support better patient treatment.
Key players operating in the operating table market include, Hill-Rome Holdings, Inc., AGA Sanittsartikel GmbH, ALVO Medical sp. z o.o., Infimed, Inc., Stryker Corporation, Denyers International Pvt. Ltd., Eschmann Equipment, Getinge Group, AB, Merivaara Oy, Mizuho Corporation, Nuvo, Inc., Schaerer Medical AG, Skytron LLC, STERIS Corporation, medifa-hesse GmbH & Co. KG, and Stille AB.
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About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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