July 21, 2024
Operating Table Market

The Growing Demand for Medical Surgeries Drive the Operating Table Market

Operating tables are essential medical equipment used in hospitals for surgical procedures. Operating tables come equipped with features such as movable backrests, leg supports, and accessories mounting facility to aid complex surgeries. They provide a stable and adjustable surface on which anesthetized patients can be safely positioned and secured. The global rise in the number of surgeries across therapeutic areas contributes significantly to the demand for operating tables. It is estimated that over 230 million surgical procedures are performed worldwide annually. Common surgeries include those related to orthopedics, neurology, cardiac, gastroenterology, and others. Operating tables help conduct these surgeries efficiently while ensuring patient safety and comfort. The growing geriatric population susceptible to various diseases and the increasing incidence of chronic diseases propel the surgical volumes. Furthermore, technological advancements enable complex minimally-invasive procedures requiring specialized 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 2030, as highlighted in a new report published by Coherent Market Insights.

Market Key Trends:

One of the key trends in the operating table market is the rising adoption of hybrid operating tables. Hybrid operating tables allow surgeons to perform both open surgical procedures and minimally invasive treatments on the same patient. They come equipped with integrated imaging capabilities along with dynamic table positioning. This provides flexibility to surgeons to switch between open and minimally invasive approaches seamlessly according to the requirement of the surgery. Hybrid tables support advanced imaging techniques like fluoroscopy enabling real-time image guidance during procedures. Their growing popularity can be attributed to enhanced clinical outcomes for complex surgeries. Manufacturers are further innovating hybrid tables with features such as integrated table side operating lights for improved visibility. The ability to perform a variety of procedures using one table type drives the demand for hybrid operating tables.

Porter’s Analysis

Threat of new entrants: Low barrier to entry but established players hold majority market share.

Bargaining power of buyers: Large healthcare facilities have higher bargaining power due to bulk purchasing.

Bargaining power of suppliers: Few large global players supplying operating tables exert pressure on pricing.

Threat of new substitutes: No close substitutes available currently but new innovations can pose threats in future.

Competitive rivalry: Intense competition among key players to gain market share through product innovations and partnerships.

Key Takeaways

The Global Operating Table Market Demand is expected to witness high growth.

Regional analysis: North America dominates the market currently due to high healthcare spending and adoption of new technologies. Asia Pacific expected to grow at fastest pace due to increasing investments in healthcare infrastructure by governments.

Key players related content comprises 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 focus on new product launches and partnerships 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