by The operating table, also known as operating room table or surgical table, is an essential medical equipment used in surgical procedures. Operating tables are used in operating rooms, emergency rooms, intensive care units, and other settings where surgery is performed. They have features such as adjustable height, tilt, split leg section, and built-in light. Operating tables are made of materials such as surgical steel, carbon fiber, and articulated columns for sturdiness and compliance with stringent hygiene standards. Manufacturers offer a variety of specialty operating tables catering to specific requirements in orthopedic, bariatric, imaging, and other surgeries. The increasing number of hospitals and ambulatory surgical centers around the world is driving the demand for operating tables.
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 7.0% over the forecast period 2023 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The increase in occurrence of chronic diseases such as cardiovascular diseases, cancer, and obesity is prompting more surgical procedures. This is fueling the need for operating tables across hospitals and surgical centers. Additionally, growing medical tourism in developing regions of Asia Pacific and Latin America owing to availability of quality healthcare at lower costs is positively impacting the installation of operating tables.
While factors such as higher demand for minimally invasive surgeries and hybrid operating rooms present significant growth opportunities, high costs of specialty operating tables and limited reimbursements for hospitals especially in developing countries remain a challenge for the market. Ongoing innovations in terms of ergonomic design, adjustability, integrated safety features and affordability could help address some of these impediments.
Segment Analysis
The operating table market can be segmented into general operating tables and specialty operating tables. General operating tables dominate the market and account for over 60% of market share due to their widespread use in basic surgical procedures. These multi-purpose tables are designed for standard procedures in general, orthopedic, and gynecological surgeries. Specialty operating tables cater to specific procedures like neurology, urology, and cardiology surgeries. Special features in these tables help surgeons perform intricate procedures successfully.
PEST Analysis
Political: Government investments and policies supporting healthcare infrastructure growth drive market expansion. Regulations regarding room and table specifications ensure safety and efficacy.
Economic: Rising healthcare expenditures, increasing surgical volumes, and rapid economic growth in emerging nations spur market demand. However, costs associated may challenge market growth to an extent.
Social: Growing geriatric population and rising incidence of lifestyle diseases increase need for surgical interventions. Higher acceptability of surgeries improves market potential.
Technological: Features like adjustable table height, powered movements, integrated lights, and radio transmissibility enable precision and comfort. Ongoing R&D leads to specialized tables for complex procedures.
Key Takeaways
The Global Operating Table Market Growth is expected to witness high over the forecast period of 2023 to 2030.
Regional Analysis: The North American region dominates the market currently with the highest procedural volumes and healthcare spending. Asia Pacific is expected to be the fastest growing region driven by growing medical tourism, increasing healthcare access, and developing healthcare infrastructure.
Key players operating in the operating table market are Avery Dennison, 3M, Henkel, UPM Raflatac, CCL Industries, WS Packaging Group, Constantia Flexibles, R.R. Donnelley & Sons, Mondi, Amcor, Seiko Holdings, Reflex Labels, Coveris Holdings, Lintec Corporation, Stickythings, Torraspapel Adestor, Polylabel, Multi-Color Corporation, Secura Labels, Etisoftware. The key players focus on product innovation and portfolio expansion through mergers and acquisitions to strengthen their market presence.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
