Operating Tables Market
Global Market Study on Operating Tables: Innovation Opportunities Lie in Growing Popularity of Robotic Surgeries
Operating Tables Market is segmented by General Surgery Tables, Radiolucent Operating Tables, Specialty Surgery Tables, Pediatric Operating Tables, Powered Operating Tables
Hospitals are increasing the investments to improve services and quality of tele-care medical equipment. Over the past few years, the hospital sector has shown tremendous growth. Corporate hospital chains are investing heavily to upgrade their devices as well as to increase the number of beds, and operating tables are no exception.
In recent years, growing efforts to ensure better treatment and comfort for patients has been complementing the growth of the operating tables market. For instance, Mayo Clinics invested US$ 92.7 Mn in facilities and equipment across its hospitals in 2017 to ensure world-class facilities for patients. Such investments by private and public healthcare facilities provide a necessary boost to the growth of the operating tables market.
The market for operating tables is expected to reach a value of ~ US$ 1.3 Bn by the end of 2029, recording a CAGR expansion of ~ 3% during the period, 2019 - 2029. Gains remain primarily driven by significant improvements in healthcare infrastructure and increasing healthcare investment.
The global healthcare industry is booming exponentially, with increasing number of hospitals, clinics, ambulatory surgical centers and other establishments, thereby potentially raising the demand for operating tables. Medical tourism is also increasing, especially in Brazil where health ministries, external affair, tourism and culture are working together to increase the number of medical tourists.
This factor will eventually work as a facilitator for the growth of the operating tables market as these types of equipment are essential parts of healthcare infrastructure and ensure safe and efficient healthcare service.
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- Hill-Rom Holdings, Inc.
- Steris Plc.
- Stryker Corporation
- Getinge AB (MAQUET Holding B.V. & Co. KG.)
- Siemens AG
- Skytron LLC.
- Allengers Medical Systems Limited
- Amtai Medical Equipment, Inc.
- Medifa-hesse GmbH & Co. KG
- OPT Surgisystems S.R.L. (TKB Group)
- Schaerer Medical USA Inc
- Famed Zywiec Sp. Zo.o.
- Lojer Oy
- AGA Sanitaetsartikel GmbH
- Merivaara Oy
- Alvo Medical
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- Mizuho Corporation (Mizuho OSI, Inc.)
- Nuvo Inc
- Brumaba GmbH & Co. KG
Technological Advancements in Operating Tables to Drive the Market Growth
New technology and process development have ensured advancements in the operating tables’ market landscape. With development and innovation in the medical industry, operating tables are being designed according to patients’ need and usage. As the surgical methodology is turning out to be more specialized, it has become the centerpiece of the operating room.
This factor has paved the way for the exponential growth of the operating tables market. The potential offered by operating tables has now set opportunities for market players to develop and commercialize specific products. Robotic surgeries are on the rise, and the result is likely to lead to increased demand for specialty operating tables. For instance, Mizuho Corporation, offers a wide range of operating tables for various special operations.
Apart from developing specialty operating tables, the use of anti-microbial coating over mattresses is also a trend observed to carve a niche. Many manufacturers are focusing on the quality of operating tables, using an anti-bacterial and anti-rusted surface with ions of silver to ensure maximum hygiene and prevent cross-contamination over the surface.
The antibacterial activity continues to work even when surfaces made of these materials are scratched. Such technological advancements are likely to remain instrumental in the growth of operating tables market.
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Operating Tables Market Growth Underpinned by Increasing Prevalence of Chronic Diseases
Disease profile of the world is changing at an astonishingly fast rate. Chronic disease prevalence is increasing, owing to the changing lifestyles. Cases where people require regular diagnosis or hospitalization have also been on the rise. Obesity is one such disease that is often dealt with using surgery, which is expected to contribute to the growth of the operating tables market.
Increasing obese population has intensified the need for healthcare services. According to the World Health Organization, more than 60% of the world’s population reside in nations where obesity and overweight cause more deaths than those who are underweight. In addition, among the population of 18 years of age and above, ~ 1.9 billion people were found overweight out of which over 650 million came in the category of obese during the year 2016. Such conditions are likely to create lucrative opportunities for the manufacturers of operating tables. The rise in population with obesity has led to the adoption of minimally invasive techniques to carry out weight loss surgery.
Surgical procedures especially laparoscopic procedures such as gastric banding and liposuction for weight loss, require advanced operating tables well suited for surgery, thereby compelling manufacturers to redefine innovation and product development strategies.
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An extensive analysis on the operating tables market has brought our analysts to a conclusion that the operating tables industry is growing at a significant pace, with the Asia Pacific and North America in the vanguard. The demand for operating tables continues to move on an upward swing, owing to growing hospital investments along with increasing number of surgeries and accidental cases.
The industry consolidation is creating further huge growth opportunities for companies to expand their business in regional and foreign markets for operating tables.
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Key Segments of the Operating Tables Market
PMR’s research on the operating tables market provides information organized in four critical segments – product, technology, end user, and region. This report compiles extensive market research information and data on the important business dynamics and development parameters linked with these classifications.
Key Questions Answered in PMR’s Operating Tables Market Report
- Which variables could alter the demand for operating tables during the evaluated and forecast period?
- What are the restraints that investors need to be aware of and might tackle while investing in the operating tables market?
- What are the trends in operating tables sector that will impact the market?
- Which business approaches are the key companies taking to prosper in the operating tables market?
- Which regions will stay the most lucrative markets for market participants in operating tables?
- How businesses in the operating tables market can avail the growth opportunities in developed and emerging sectors?