by The global Operating Tables And Lights Market is estimated to be valued at US$ 1491.9 Mn in 2023 and is expected to exhibit a CAGR of 3.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Operating tables and lights are essential medical equipment used in operating rooms. Operating tables are adjustable platforms used to support patients body during surgical procedures while lights provides focused beam of light during surgeries for better visualization of surgical site.
Market key trends:
One of the key trend observed in operating tables and lights market is technological advancements. Major players are focusing on developing integrated operating tables with advanced features such as adjustable height, Trendelenburg position, lateral tilt position etc. for flexibility during surgical procedures. In addition, surgical lights with LED technology provides excellent illumination with low heat emission and customizable light intensity settings. Growth of minimally invasive surgeries is another trend fueling demand for specialized operating tables and lights with features to support advanced surgeries. Rise in medical tourism in developing regions of Asia Pacific and Latin America is creating growth opportunities for market players.
SWOT Analysis
Strength: Operating tables and lights market has a strong presence of established players with global footprint and extensive product portfolio. Research and development activities in the market help improve features of operating tables and lights.
Weakness: High costs associated with advanced operating tables and lights can restrict its adoption in resource-constrained settings. Stringent regulatory guidelines for new product launches increase design complications.
Opportunity: Growing volume of surgical procedures performed worldwide presents an opportunity for operating tables and lights market. Expanding healthcare infrastructure in emerging nations fosters market growth.
Threats: Threat of substitute products like ceiling-mounted lights poses competition to operating tables integrated with lights. Economic slowdowns can negatively impact market revenues.
Key Takeaways
Global Operating Tables And Lights Market Demand is expected to witness high growth, exhibiting CAGR of 3.9% over the forecast period, due to increasing number of surgical procedures performed globally.
Regional analysis: North America dominates the global operating tables and lights market due to high healthcare spending and technological advancements in the region. Asia Pacific is expected to exhibit the fastest growth during the forecast period supported by expanding healthcare infrastructure, rising medical tourism, and growing Medical devices industry in the region.
Key players operating in the operating tables and lights market are Siemens AG, Dragerwerk AG & Co. KGaA, Getinge AB, GE Healthcare, Hill-Rom Holdings, Inc., KARL STORZ GmbH & Co. KG, Mizuho OSI, Koninklijke Philips N.V., STERIS Corporation, Stryker Corporation, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., BenQ Medical Technology, Mediland Enterprise Corporation, Alvo Medical Sp. z o.o., Famed Zywiec Sp. z o.o., Heal Force, OPT Surgisystems S.R.L. (TKB Group), Medifa-hesse GmbH & Co. KG, UFSK-International OSYS GmbH, Taicang Kanghui Technology Development Co., Ltd, Ningbo Techart Medical Equipment Co., Ltd., Fazzini SRL, Lojer Oy, and AGA Sanitaetsartikel GmbH.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
