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Pages: 275 |
Jan 2023 |
The main purpose of surgical tables is to keep patients in the most beneficial position for surgical procedures being performed while allowing the surgeon to make any necessary adjustments without stopping the operation.
The increasing use of modern surgical tables by hospitals and healthcare institutions for enhanced surgical experiences for patients and surgeons is expected to drive the global surgical table market growth. Increased global investment in the healthcare industry has greatly helped the market for surgical tables. Healthcare organizations in developing regions like the Middle East, Asia-Pacific, and Latin America are becoming significant players in the global healthcare sector. Developed nations have taken the lead in modernizing their healthcare sectors and incorporating significant technological advancements.
However, the expansion of the surgical table sector may be hampered by a shortage of skilled staff to operate the advanced surgical tables. There is a rapid decline in the number of skilled experts handling surgical tables, mainly in emerging and underdeveloped nations, despite an increase in the number of surgeries due to many variables that contribute to an increase in healthcare expenditure around the world. Furthermore, the high price of composite surgical tables makes market demand in less developed economies challenging.
The increase in number of surgeries performed worldwide is the main factor that contributes to the market's expansion. This is due to the rise in disturbance and injury cases across the globe. Rising competition in the surgical instrument industry is expected to boost demand for technologically advanced surgical tables. The growing geriatric population base around the world is also expected to drive up product demand during the forecast period. In addition, the rise in prevalence of chronic diseases around the world offers market players a variety of opportunities.
The surgical table is one of the most effective and beneficial tools in the operating room for a complex surgery. Patients' survival rates have grown as a result of many advantages offered by technologically upgraded operating tables. Every effective surgical operation necessitates the use of an operating table. Today, a wide range of surgical tables are available for both regular and significantly more complicated procedures. The primary functions of the surgical table are to keep the patient in the most advantageous posture for the specific surgical treatment and to allow the surgeon to make any necessary changes without interference with the operation.
The surgical table industry was negatively impacted by the COVID-19 outbreak. The market value remained steady throughout the pandemic due to increased demand for surgical tables for COVID-19 treatment and the requirement for surgical tables during urgent elective surgeries. The growth of non-profit organizations, along with the growth of hospitals and ambulatory care facilities, is one of the primary drivers that influence market growth. Businesses suffered due to restrictions on product delivery and temporary facility closures caused by the outbreak. However, hospitals progressively began to resume elective treatments as the COVID-19 recovery rate increased.
The increasing number of surgeries worldwide is the main factor contributing to the market's growth. This is due to rise in trauma and injury cases around the world. Furthermore, as end-stage chronic diseases usually require surgery, the burden of chronic disease is expanding globally. This is one of the main factors driving up demand for surgical tables. For example, according to the American Health Association, operating rooms resumed their operations in 2022 and witnessed a rise in medical health treatments and surgeries, resulting in just a 10% decrease in the rate of surgery at the end of 2020 compared to 2019. In addition, the Organization for Economic Cooperation and Development (OECD) estimates that the number of cataract surgery procedures reported in 2020 in Turkey was 393,901.
To know more about the global surgical table market drivers, get in touch with our analysts here.
The high cost of surgical tables is one of the main issues that restrain the growth of the global market for surgical tables. For medical facilities, specialty surgical tables have large acquisition and maintenance expenses. The surgical table market is always evolving with the addition of new features and designs, which has resulted in the high price of the items. Moreover, the high cost of composite surgical tables limits the growth of the surgical table market. Composite surgical tables are very costly, which has a significant impact on their extensive utilization. Limited investment in healthcare facilities in emerging and underdeveloped nations has affected the acquisition of high-end surgical tables.
The market for surgical tables is benefiting from the rise in procedures related to accidents, illnesses, and childbirth. Hospitals, clinics, and ambulatory surgery centers are important end users of the surgical table market. Hospitals hold the largest surgical table market share in the healthcare sector. A major factor driving the market for surgical tables is the modernization of the healthcare infrastructure in developing nations. The improvement of medical services in public hospitals is getting significant investment from the governments of various developing nations. This is boosting the market for surgical tables by increasing the demand for surgical tables. Hospital administration is adopting the expert advice of medical consultants to improve the surgical environment and maximize its comfort and utility, which is resulting in the replacement of old surgical tables with new ones. This is boosting the market for surgical tables.
To know more about global surgical table market opportunities, get in touch with our analysts here.
On the basis of product category, the market is divided into generalized surgical table and specialized surgical table. Among these, the generalized segment accounted for the highest market share in 2021, whereas the specialized segment is estimated to show the fastest growth during the forecast period.
Source: Research Dive Analysis
The generalized surgical table segment accounted for the highest market share in 2021. General surgery tables are tools used in surgery. These tables make surgeries easier by providing ergonomic features, advanced technologies, and safety measures to ensure patients' well-being during surgery sessions. The tables' adjustable height settings make it simple to convert them from a stretcher to a bed by utilizing hydraulic actuators or a pneumatic system. General surgery tables are mostly used in the operating room to treat and provide patient care.
The specialized surgical table segment is anticipated to witness the fastest growth during the forecast period due to the rise in need for specialized operations, including orthopedic surgeries, neurological surgeries, spine surgeries, and others. Demand for specialized surgical tables is growing due to increasing surgical treatments, such as orthopedic and bariatric surgeries. Surgeons need to use a variety of surgical techniques and specialized patient postures to execute specialized surgical procedures. Moreover, increasing investments from various hospitals and organizations to improve surgical treatments and procedures, especially specialized operations, will increase segment growth.
On the basis of product type, the market is classified into powered and non-powered. Among these, the powered segment accounted for the highest revenue share in 2021.
Source: Research Dive Analysis
The powered segment accounted to the highest market share in 2021. The powered surgical table segment is anticipated to have the greatest revenue share during the forecast period due to its flexibility and maneuverability as well as a growth in demand from healthcare facilities around the world and an increase in surgeries, particularly general, gynecologic, and cardiac operations. Operating table demand is significantly increasing as a result of rising prevalence of cardiovascular illnesses (CVDs). For instance, according to the CDC, about 655,000 Americans die of heart disease each year. In addition, 17.9 million individuals globally pass away each year due to CVDs, according to the WHO.
On the basis of end use, the market is classified into hospitals and ambulatory surgical centers. Among these, the hospitals segment accounted for the highest revenue share in 2021.
The hospitals segment accounted for the highest market share in 2021. Hospitals offer primary care in the majority of developing countries around the world and have favorable payment policies. Hospitals do more procedures than any other type of healthcare facility. Hospital investments in surgical equipment, such as operating tables, are gradually expanding, fueling industry expansion.
The surgical table market was investigated across North America, Europe, Asia-Pacific, and LAMEA.
Source: Research Dive Analysis
North America is anticipated to lead the market for surgical tables during the forecast period. The main factors driving the growth of the surgical table market in North America are the favorable economic situation in the U.S., increase in preference for minimally invasive surgeries, and massive number of surgeries. In addition, rise in public awareness regarding the need for surgical operations to treat injuries and complications associated with chronic diseases are anticipated to drive the surgical table market opportunities.
Investments and agreements are common strategies followed by major market players. For instance, in March 2022, Proman, the leading petrochemicals company, entered into a cooperation agreement with Maersk, a Denmark-based shipping company for the development of green surgical table supply solutions.
Source: Research Dive Analysis
Some of the leading surgical table market players include Steris PLC, Skytron LLC, Stryker Corporation, Mizuho OSI, Getinge AB, Schaerer Medical USA Inc., NUVO Inc., Allengers Medical Systems Limited, Invacare Corp., and Elekta AB.
| Aspect | Particulars |
| Historical Market Estimations | 2020 |
| Base Year for Market Estimation | 2021 |
| Forecast Timeline for Market Projection | 2022-2031 |
| Geographical Scope | North America, Europe, Asia-Pacific, and LAMEA |
| Segmentation by Product Category |
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| Segmentation by Product Type |
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| Segmentation by End Use |
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| Key Companies Profiled |
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1.Research Methodology
1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters
1.5.Market size estimation
1.5.1.Top-down approach
1.5.2.Bottom-up approach
2.Report Scope
2.1.Market definition
2.2.Key objectives of the study
2.3.Report overview
2.4.Market segmentation
2.5.Overview of the impact of COVID-19 on Global surgical table market
3.Executive Summary
4.Market Overview
4.1.Introduction
4.2.Growth impact forces
4.2.1.Drivers
4.2.2.Restraints
4.2.3.Opportunities
4.3.Market value chain analysis
4.3.1.List of raw material suppliers
4.3.2.List of manufacturers
4.3.3.List of distributors
4.4.Innovation & sustainability matrices
4.4.1.Technology matrix
4.4.2.Regulatory matrix
4.5.Porter’s five forces analysis
4.5.1.Bargaining power of suppliers
4.5.2.Bargaining power of consumers
4.5.3.Threat of substitutes
4.5.4.Threat of new entrants
4.5.5.Competitive rivalry intensity
4.6.PESTLE analysis
4.6.1.Political
4.6.2.Economical
4.6.3.Social
4.6.4.Technological
4.6.5.Environmental
4.7.Impact of COVID-19 on Surgical Table Market
4.7.1.Pre-covid market scenario
4.7.2.Post-covid market scenario
5.Surgical Table Market Analysis, by Product Category
5.1.Overview
5.2.Generalized Surgical Table
5.2.1.Definition, key trends, growth factors, and opportunities
5.2.2.Market size analysis, by region
5.2.3.Market share analysis, by country
5.3.Specialized Surgical Table
5.3.1.Definition, key trends, growth factors, and opportunities
5.3.2.Market size analysis, by region
5.3.3.Market share analysis, by country
5.4.Research Dive Exclusive Insights
5.4.1.Market attractiveness
5.4.2.Competition heatmap
6.Surgical Table Market Analysis, by Product Type
6.1.Powered
6.1.1.Definition, key trends, growth factors, and opportunities
6.1.2.Market size analysis, by region
6.1.3.Market share analysis, by country
6.2.Non-Powered
6.2.1.Definition, key trends, growth factors, and opportunities
6.2.2.Market size analysis, by region
6.2.3.Market share analysis, by country
6.3.Research Dive Exclusive Insights
6.3.1.Market attractiveness
6.3.2.Competition heatmap
7.Surgical Table Market Analysis, by End-Use
7.1.Hospitals
7.1.1.Definition, key trends, growth factors, and opportunities
7.1.2.Market size analysis, by region
7.1.3.Market share analysis, by country
7.2.Ambulatory Surgical Centers
7.2.1.Definition, key trends, growth factors, and opportunities
7.2.2.Market size analysis, by region
7.2.3.Market share analysis, by country
7.3.Research Dive Exclusive Insights
7.3.1.Market attractiveness
7.3.2.Competition heatmap
8.Surgical Table Market, by Region
8.1.North America
8.1.1.U.S.
8.1.1.1.Market size analysis, by Product category
8.1.1.2.Market size analysis, by Product type
8.1.1.3.Market size analysis, by End-use
8.1.2.Canada
8.1.2.1.Market size analysis, by Product category
8.1.2.2.Market size analysis, by Product type
8.1.2.3.Market size analysis, by End-use
8.1.3.Mexico
8.1.3.1.Market size analysis, by Product category
8.1.3.2.Market size analysis, by Product type
8.1.3.3.Market size analysis, by End-use
8.1.4.Research Dive Exclusive Insights
8.1.4.1.Market attractiveness
8.1.4.2.Competition heatmap
8.2.Europe
8.2.1.Germany
8.2.1.1.Market size analysis, by Product category
8.2.1.2.Market size analysis, by Product type
8.2.1.3.Market size analysis, by End-use
8.2.2.UK
8.2.2.1.Market size analysis, by Product category
8.2.2.2.Market size analysis, by Product type
8.2.2.3.Market size analysis, by End-use
8.2.3.France
8.2.3.1.Market size analysis, by Product category
8.2.3.2.Market size analysis, by Product type
8.2.3.3.Market size analysis, by End-use
8.2.4.Spain
8.2.4.1.Market size analysis, by Product category
8.2.4.2.Market size analysis, by Product type
8.2.4.3.Market size analysis, by End-use
8.2.5.Italy
8.2.5.1.Market size analysis, by Product category
8.2.5.2.Market size analysis, by Product type
8.2.5.3.Market size analysis, by End-use
8.2.6.Rest of Europe
8.2.6.1.Market size analysis, by Product category
8.2.6.2.Market size analysis, by Product type
8.2.6.3.Market size analysis, by End-use
8.2.7.Research Dive Exclusive Insights
8.2.7.1.Market attractiveness
8.2.7.2.Competition heatmap
8.3.Asia Pacific
8.3.1.China
8.3.1.1.Market size analysis, by Product category
8.3.1.2.Market size analysis, by Product type
8.3.1.3.Market size analysis, by End-use
8.3.2.Japan
8.3.2.1.Market size analysis, by Product category
8.3.2.2.Market size analysis, by Product type
8.3.2.3.Market size analysis, by End-use
8.3.3.India
8.3.3.1.Market size analysis, by Product category
8.3.3.2.Market size analysis, by Product type
8.3.3.3.Market size analysis, by End-use
8.3.4.Australia
8.3.4.1.Market size analysis, by Product category
8.3.4.2.Market size analysis, by Product type
8.3.4.3.Market size analysis, by End-use
8.3.5.South Korea
8.3.5.1.Market size analysis, by Product category
8.3.5.2.Market size analysis, by Product type
8.3.5.3.Market size analysis, by End-use
8.3.6.Rest of Asia Pacific
8.3.6.1.Market size analysis, by Product category
8.3.6.2.Market size analysis, by Product type
8.3.6.3.Market size analysis, by End-use
8.3.7.Research Dive Exclusive Insights
8.3.7.1.Market attractiveness
8.3.7.2.Competition heatmap
8.4.LAMEA
8.4.1.Brazil
8.4.1.1.Market size analysis, by Product category
8.4.1.2.Market size analysis, by Product type
8.4.1.3.Market size analysis, by End-use
8.4.2.Saudi Arabia
8.4.2.1.Market size analysis, by Product category
8.4.2.2.Market size analysis, by Product type
8.4.2.3.Market size analysis, by End-use
8.4.3.UAE
8.4.3.1.Market size analysis, by Product category
8.4.3.2.Market size analysis, by Product type
8.4.3.3.Market size analysis, by End-use
8.4.4.South Africa
8.4.4.1.Market size analysis, by Product category
8.4.4.2.Market size analysis, by Product type
8.4.4.3.Market size analysis, by End-use
8.4.5.Rest of LAMEA
8.4.5.1.Market size analysis, by Product category
8.4.5.2.Market size analysis, by Product type
8.4.5.3.Market size analysis, by End-use
8.4.6.Research Dive Exclusive Insights
8.4.6.1.Market attractiveness
8.4.6.2.Competition heatmap
9.Competitive Landscape
9.1.Top winning strategies, 2021
9.1.1.By strategy
9.1.2.By year
9.2.Strategic overview
9.3.Market share analysis, 2021
10.Company Profiles
10.1.Hill-Rom Holdings, Inc.
10.1.1.Overview
10.1.2.Business segments
10.1.3.Product portfolio
10.1.4.Financial performance
10.1.5.Recent developments
10.1.6.SWOT analysis
10.2.Steris Plc.
10.2.1.Overview
10.2.2.Business segments
10.2.3.Product portfolio
10.2.4.Financial performance
10.2.5.Recent developments
10.2.6.SWOT analysis
10.3.Stryker Corp.
10.3.1.Overview
10.3.2.Business segments
10.3.3.Product portfolio
10.3.4.Financial performance
10.3.5.Recent developments
10.3.6.SWOT analysis
10.4.Getinge AB
10.4.1.Overview
10.4.2.Business segments
10.4.3.Product portfolio
10.4.4.Financial performance
10.4.5.Recent developments
10.4.6.SWOT analysis
10.5.Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
10.5.1.Overview
10.5.2.Business segments
10.5.3.Product portfolio
10.5.4.Financial performance
10.5.5.Recent developments
10.5.6.SWOT analysis
10.6.Mizuho Corporation (Mizuho OSI, Inc.)
10.6.1.Overview
10.6.2.Business segments
10.6.3.Product portfolio
10.6.4.Financial performance
10.6.5.Recent developments
10.6.6.SWOT analysis
10.7.Skytron LLC
10.7.1.Overview
10.7.2.Business segments
10.7.3.Product portfolio
10.7.4.Financial performance
10.7.5.Recent developments
10.7.6.SWOT analysis
10.8.Alvo Medical
10.8.1.Overview
10.8.2.Business segments
10.8.3.Product portfolio
10.8.4.Financial performance
10.8.5.Recent developments
10.8.6.SWOT analysis
10.9.Allengers Medical Systems Ltd.
10.9.1.Overview
10.9.2.Business segments
10.9.3.Product portfolio
10.9.4.Financial performance
10.9.5.Recent developments
10.9.6.SWOT analysis
10.10.Elekta AB.
10.10.1.Overview
10.10.2.Business segments
10.10.3.Product portfolio
10.10.4.Financial performance
10.10.5.Recent developments
10.10.6.SWOT analysis
11.Appendix
11.1.Parent & peer market analysis
11.2.Premium insights from industry experts
11.3.Related reports
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