February 25, 2024

Operating Tables And Lights Market Connected with Growth in Surgeries

The global Operating Tables And Lights Market is estimated to be valued at US$ 1,382.0 Mn in 2022 and is expected to exhibit a CAGR of 3.9% over the forecast period 2021-2028, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Operating tables and lights are essential equipment used in surgical procedures across various clinical specialties and settings such as hospitals, ambulatory surgery centers, and specialty clinics. Operating tables are specialized electric tables used to position patients and procedures during surgical interventions. Operating lights or surgical lights provide illumination during surgical procedures to allow visibility and examination of surgical site. Advancements in these equipment has enhanced surgical capabilities and enabled minimally-invasive techniques. Growing prevalence of target diseases and demand for advanced treatment methods is fueling growth of the market.

Market key trends:

The operating tables and lights market is witnessing considerable growth driven by rising number of surgeries globally. According to WHO, over 312 million surgeries were performed worldwide in 2012, estimated to increase by approximately 22% to reach 371 million surgeries annually by 2030. Growth in geriatric population prone to chronic diseases and rising prevalence of lifestyle diseases are major factors for rising surgical volumes. Consequently, high demand for operating tables and surgical lights from healthcare facilities is expected over the forecast period. Manufacturers are increasingly focusing on innovations in equipment designs for improved ergonomics, integration of advanced technologies like LED lighting systems, and specialization based on clinical needs of various surgeries. This is expected to augment market attractiveness.

Porter’s Analysis

Threat of new entrants: The operating tables and lights market has moderate threat from new entrants due to high initial investment required for manufacturing operating tables and lights.

Bargaining power of buyers: The bargaining power of buyers is moderate as there are many established players operating in this market providing a variety of products at different price points.

Bargaining power of suppliers: The bargaining power of suppliers is low due to presence of many suppliers in the market for raw materials used in manufacturing operating tables and lights.

Threat of new substitutes: The threat of substitutes is low as there are limited substitutes available for operating tables and lights used in healthcare facilities for surgeries.

Competitive rivalry: High due to presence of many global and regional players offering similar products.

Key Takeaways :

The global Operating Tables And Lights Market size was valued at US$ 1,382.0 Mn in 2021 and expected to reach US$ 2,000 Mn by 2028, exhibiting a CAGR of 3.9% over the forecast period. Factors such as increasing number of surgical procedures and growing demand for hybrid operating rooms will drive the market growth.

The North America operating tables and lights market dominated in 2021 accounting for maximum market share owing to increasing healthcare spending and rising number of surgical procedures in the region. Asia Pacific region is anticipated to witness fastest growth over the forecast period supported by growing medical tourism industry in the region along with improving healthcare infrastructure.

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. These players are focusing on new product launches and expansion strategies to strengthen their market position.

*Note:

  1. Source: Coherent Market Insights, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it