USD 1.22 billion
Report ID:
SQMIG35A2673 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
115
|Figures:
77
Surgical Tables Market size was valued at USD 1.41 billion in 2022 and is poised to grow from USD 1.50 billion in 2023 to USD 2.49 billion by end of 2031, at a CAGR of 6.50% during the forecast period (2024-2031).
The rise in cases of trauma and injury across the world is predicted to lead to more procedures being done. The main element anticipated for improving market expansion is the increasing popularity of contemporary operating tables in different hospitals and healthcare organizations for better surgical experience for patients as well as surgeons. One of the key factors affecting the market growth is the increase of non-profit organizations, combined with the growth of hospitals & ambulatory care facilities. Additionally, operating rooms are being used for more surgery than ever before. The demand for surgery tables in hospitals is predicted to increase as more intricate operations conducted in the operating theatre necessitate the requirement for surgical tables to accommodate a variety of operations/positions. During the forecast period, increased competition in the surgical tools market is anticipated to increase demand for surgical tables with cutting-edge technology. During the foreseeable period, there is likely to be a significant demand for products due to the growing geriatric population base worldwide.
The need for operating rooms for medical treatment is predicted to rise as the elderly population grows, leading to a development of the fuel market. The rise in hospital admissions of older patients, particularly those with advanced chronic illnesses requiring surgery, is one of the major factors fueling the market's expansion. During the projected period, demand for surgical tables is expected to increase due to the increased number of orthopedic and bariatric surgeries performed around the world. For instance, primary knee surgeries (54.4%) and primary hip procedures (32.7%) were the most often carried out, according to the American Academy of Orthopedic Surgeons. Therefore, market participants are expected to profit from the rising incidence of the targeted disorders.
US Surgical Tables Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1.22 billion
Largest Segment
Powered
Fastest Growth
Powered
Growth Rate
6.5% CAGR
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Global Surgical Tables Market is segment into Product, Type, Material, End-use, and region. Based on Product, the market is segmented into General Surgical Beds, Specialty Surgical Beds, Radiolucent Surgical Beds, Pediatric Surgical Beds. Based on Type, the market is segmented into Powered, Non-powered. Based on Material the market is segmented into Metal, Carbon Composite. Based on End-use, the market is segmented into Hospitals, Ambulatory Surgical Centers. Based on region, the global market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Surgical Tables Market Analysis by Product
A growing number of surgeries, particularly in cardiovascular, ENT, gynecologic, and additional general procedures, contributed to the general surgical tables segment having the greatest market share of around 35%. A significant demand for surgical tables is also being driven by the rising prevalence of cardiovascular disorders (CVDs). For instance, the CDC estimates that heart disease causes around 655,000 deaths in Americans each year. Additionally, according to the WHO, 17.9 million individuals die each year in the world.
Surgical specialty tables accounted for a sizeable portion of the market. The remaining market segment for specialty surgical tables consists of bariatric, laparoscopic, neurosurgical, and orthopaedic surgical tables. The need for specialised surgical tables is rising as a result of a rise in surgical procedures like orthopaedic and bariatric procedures. Surgeons must employ an array of surgical techniques & unique patient postures in order to carry out specialist surgical procedures. Additionally, it is predicted that during the projection period, increased investments by various hospitals and organizations to improve surgical treatments and procedures, especially specialty operations, will encourage segment expansion.
Surgical Tables Market Analysis by Material
The metal sector dominated the market, generating more than 51.8% of global revenue. This market is anticipated to grow as a consequence of growing adoption and demand for metal surgical tables because of their low cost and accessibility. Medical professionals are more inclined to employ metal surgical tables since they are less expensive than composite surgical tables. Stainless steel is one of the metals that is most frequently used to make operating tables.
Surgical equipment and operating rooms are the perfect places to employ stainless steel because of its anti-microbial properties. The extensive usage of surgical tables constructed of stainless steel is therefore expected to drive the sector's growth. There was a large market value for the carbon composite market category. The positioning surface of the surgical table, made of carbon fibre, is movable both laterally & longitudinally. A motor is used during surgery to move the surface & the patient to the appropriate location. Rising technological advancements in relation to carbon composites surgical tables are predicted to create a solid market position.
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North America dominated the global market. This might be a result of the rise in chronic conditions that impact the neurological system, heart, and eyes. Additionally, it is anticipated that technological developments and a rise in the number of surgeries would fuel the regional market's progress. Additionally, the existence of renowned hospitals, trauma centers, and important companies operating in the US are promoting market expansion.
Asia Pacific is anticipated to experience the fastest CAGR over the course of the projected period. Market expansion is anticipated to be aided by the presence of a sizeable patient pool in the region and rising disposable income, especially in China and India. As more surgeries are performed as a result of an increase in the prevalence of chronic diseases, there is a growing need for surgical tables. Rising healthcare costs in both Japan and China are also projected to support product demand during the projection period.
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Surgical Tables Market Drivers
Increasing surgical procedures
Rising demand for minimally invasive surgeries
Surgical Tables Market Restraints
High cost of surgical tables
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To increase their global reach, major market players are concentrating on product launches, mergers and acquisitions, partnerships and collaborations, and joint ventures. For instance, the PST 500 precision surgical table was introduced by Hill-Rom Holdings, Inc. This multipurpose operating table is designed to handle procedures like general surgery, orthopedic surgery, and neurosurgery.
Surgical Tables Market Top Player’s Company Profiles
Surgical Tables Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Surgical Tables Market analysis, the demand for surgery tables in hospitals is predicted to increase as more intricate operations conducted in the operating theatre necessitate the requirement for surgical tables to accommodate a variety of operations/positions. During the forecast period, increased competition in the surgical tools market is anticipated to increase demand for surgical tables with cutting-edge technology. During the foreseeable period, there is likely to be a significant demand for products due to the growing geriatric population base worldwide. However, Asia Pacific is projected to emerge as the fastest growing region due to the presence of a sizeable patient pool in the region and rising disposable income, especially in China and India. As more surgeries are performed as a result of an increase in the prevalence of chronic diseases, there is a growing need for surgical tables.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 1.41 billion |
Market size value in end | USD 2.49 billion |
Growth Rate | 6.50% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Surgical Tables Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Surgical Tables Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Surgical Tables Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Surgical Tables Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35A2673
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