Continuous innovation by mobile operating tables manufacturers and lucrative marketing is likely to fuel revenue growth of the power source segment
Mobile operating tables are profoundly adaptable and ideal for neurosurgical, cardiovascular surgical, spinal infusions or spine surgical, pain management and different orthopedic procedures. Designed to bolster the most recent headways in surgical methods and imaging strategies, and setting the standard for operating efficiency, ergonomics and safety, various adjustments and arrangements, mobile operating tables provide a flexible solution for the therapeutic and budgetary concerns pertaining to every single surgical condition. Apart from this, the continuous efforts of manufacturers to develop innovative techniques and ensure improvement in quality is anticipated to better satisfy the growing surgical needs over the forecast period, thus driving the revenue growth of the power source segment.
Increasing number of hospitals with an expansion of facilities such as rising number of operating rooms and overhauling of their equipment and obsolescence of existing equipment are the factors that are driving the power source segmental growth during the projected period. The demand for C-Arm compatible hydraulic operating tables is increasing rapidly. These type of tables are precisely designed for fluoroscopic imaging during neurology, orthopedic, urology and emergency care procedures. C-Arm compatible hydraulic operating tables are equipped with a large translucent top for C-Arm use. These efficient tables are massively in demand in the global market, ultimately creating a positive impact on the power source segment.
Furthermore, the endeavors by market players to make innovative products easily accessible at reasonable costs coupled with a continuous development of products with new technology and advancements in the quickly developing OT tables market are other factors driving revenue growth of the power source segment.
Reduction of manual handling by staff in operating rooms expected to boost growth of the hydraulic power segment over the forecast period
Hydraulic type is the largest segment by power source in the global mobile operating tables market, which is projected to account for more than 50% share of the overall market in 2017 in terms of revenue, expanding at a CAGR of 4.9% over the forecast period. Investments by large healthcare equipment companies in developing simplistic and intuitive design is anticipated to boost the growth of the electrical power source segment. However, the electrical type is projected to witness relatively less growth during the forecast period and is likely to lose 170 BPS in 2025 as compared to 2017. Revenue from the electro-hydraulic power source segment in the global mobile operating tables market is predicted to increase 1.3X by 2025 end.
Hydraulic power source segment to dominate the North America and Europe regional markets during 2017–2025
The hydraulic segment dominated the North America mobile operating tables market in terms of revenue in 2017 and the trend is projected to grow throughout the forecast period. The hydraulic segment is the most attractive segment in the North America market, with an attractiveness index of 2.8 over the forecast period. The increasing usage of hydraulic power source is attributed to effective promotions of hydraulic mobile operating tables by established players in North America.
The hydraulic power source segment dominated the Europe mobile operating tables market in revenue terms in 2017 and is projected to continue to do so throughout the forecast period. Hydraulic power source is the most attractive segment, recording an attractiveness index of 2.6, owing to the higher adoption of hydraulic tables in the Europe mobile operating tables market.
The electrical segment dominated the APAC mobile operating tables market in terms of revenue in 2017 and the trend is projected to grow throughout the forecast period. The electrical segment is the most attractive segment with a market attractiveness index of 2.8 over the forecast period.
Manufacturers in the global mobile operating tables market are focused on innovations that challenge this market with lower pricing, thus expecting to increase their respective market shares. Companies in this market are also focusing on outsourcing the manufacturing of mobile operating tables to Asia Pacific in order to reduce their manufacturing costs and thus compete in the market with reduced prices. Key players in the market are entering into strategic mergers and acquisitions to expand their product portfolio and market presence across the globe. Leading players in the global mobile operating tables market are focusing on the development of new methods and techniques for multi-functional operations. Companies in the global mobile operating tables market have adopted innovative marketing strategies to gain market share and have increased their focus on upgrading their product line owing to increasing demand among hospitals. In a new report titled “Mobile Operating Tables Market: Global Industry Analysis and Forecast, 2017–2025,” Persistence Market Research analysts have covered the global mobile operating tables market landscape in detail and presented forecasts for the next eight years.
One of our key findings includes a comprehensive assessment of the growth and performance of the various regional mobile operating tables markets. We have observed that the mobile operating tables market in MEA is expected to record comparatively less growth due to low awareness levels regarding the use of technologically advanced operating tables for routine surgical procedures among healthcare professionals. On the other hand, North America represents the most lucrative market, followed by Europe and APAC.
Mergers and acquisitions keep the threat of new entrants at a high level
Our analysts have observed that preventive care is the only alternative to surgical procedures conducted in operating rooms. Also, treatment with pharmaceuticals could be considered as an external substitute for this market. Moreover, there are no direct substitutes for this market that could cause a threat to market growth. The market is dominated by a few major players, thereby keeping the bargaining power of buyers at a low level. On the other hand, the presence of local players and availability of used and refurbished products plays a key role in elevating the bargaining power of buyers to a medium level. The analysts have taken into consideration the factor of ‘threats from new entry,’ while examining this market. Factors such as steady growth, lack of strict regulatory approvals and options for mergers and acquisitions keep the threat of new entrants at a high level. On the other hand, high development and manufacturing costs of such equipment may play a key role in reducing this threat to a medium level.
By End User
By Power Source
The forecast presented in this report assesses the total revenue of the global mobile operating tables market. When developing the market forecast, the starting point involves sizing the current market, which forms the basis for the forecast of how the market is anticipated to take shape in the near future. The analysts have triangulated the outcome on the basis of analysis based on supply and demand sides. However, quantifying the market across the aforementioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed. The report also takes into consideration year-on-year growth to understand the predictability of the market and to identify the right opportunities across the global mobile operating tables market. As previously highlighted, the global mobile operating tables market is split into various categories. All these segments have been analyzed in terms of basis point share to understand segmental contribution to overall market growth. This detailed level of information is important to identify various key trends in the global mobile operating tables market.