by The operating table market is gaining traction owing to increasing number of surgeries globally. Operating tables, also known as operating room tables, are medical tables used by surgeons during surgery and by nurses to place surgical instruments and supplies. Operating tables have adjustable configurations to facilitate comfort for the patient and proper access and positioning for surgeons depending on the type of surgical procedure. The growing preference for minimally invasive procedures and digital surgeries among surgeons and patients is driving demand for advanced operating tables with integrated technologies.
The Global Operating Table Market is estimated to be valued at US$ 1.73 Bn in 2024 and is expected to exhibit a CAGR of 7.0% over the forecast period 2024 to 2030.
Key Takeaways
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. Key players are focusing on developing advanced operating tables integrated with digital technologies to enhance surgical outcomes.
The growing global burden of chronic diseases and rising medical tourism in developing nations are fueling the demand for surgical procedures. This is expected to drive the operating tables market. Various models of operating tables catering to specific surgical specialties are being launched to increase uptake rates among healthcare facilities. Manufacturers are also focusing on offering customized operating tables configured for hybrid operating rooms.
The increasing trend of healthcare infrastructure development and digitization of operating rooms in emerging economies of Asia Pacific and Latin America are creating new opportunities for players in the operating tables market. Major players are expanding their presence in high growth regions through acquisitions and collaborations with local players.
Market key trends
Adoption of hybrid operating rooms integrated with advanced medical imaging equipment such as MRI, CT scan is a major trend witnessed in the operating tables market. Hybrid operating rooms help perform minimally invasive surgical procedures with greater accuracy. Manufacturers are focusing on developing operating tables compatible with advanced multi-disciplinary surgical settings to dominate the market.
Porter’s Analysis
Threat of new entrants: The Operating Table Market requires significant capital investments for R&D, manufacturing facilities and establishing brand recognition which makes it difficult for new players to enter.
Bargaining power of buyers: The operating table market has large number of buyers in the form of hospitals, ambulatory surgical centers and specialty clinics. However, the need for operating tables and lack of substitute products gives buyers moderate bargaining power.
Bargaining power of suppliers: A few key global players dominate the supply of operating table components like hydraulic, electromechanical systems and surgical accessories. This gives them significant influence over prices of raw materials.
Threat of new substitutes: There are limited substitute products for operating tables used in surgical procedures. Advanced imaging devices are complementary but not substitutes.
Competitive rivalry: The operating table market is concentrated with few global players holding major market share. Players compete based on product features, price and quality.
Geographical Regions
North America accounts for the largest share of the operating table market owing to high healthcare spending, aging population and growing number of surgeries. According to estimates, the region contributes over 35% of global market value currently.
Asia Pacific region is poised to be the fastest growing region during the forecast period attributed to increasing healthcare infrastructure, rapid economic growth and rising medical tourism in countries like China, India and South Korea. The CAGR for Asia Pacific operating table market is projected to be around 10%.
