Health

Operating Table Market Research Key Players,Supply Chain and Analysis to 2018-2026

Press Release

The global operating table market size was valued at US$ 864.3 million in 2017, and is expected to witness a CAGR of 4.3% over the forecast period (2018 – 2026).

Operating table is one of the essential operation theatre equipment that plays an important role in achieving better treatment outcomes. This is owing to vital function support and customization it offers according to type and need of surgery. Ease-of-use, versatility, multi-functionality and optimized access to the operating area are some of the desired characteristics of operating table.

Operating table has two major forms, first as manual /non-powered operating table and second as powered operating table that could be move up and down according to surgery needs. Tables and their individual segments are raised and lowered by mechanical gears or hydraulic piston systems using manual or electrical controls. Moreover, different designs of surgical table are available according to surgery needs such as ophthalmic surgery table, cardiology surgery table, and others.

Operating table is integral part of any surgical procedure, therefore according to research by Coherent Market Insights, with rising surgical needs worldwide, there would be proportionate increase in the operating table market. For instance, according to Lancet Commission for Global Surgery report in 2015, around 143 million surgical needs were left unmet, annually and around 5 billion people lacked access to safe and affordable surgical and anesthesia care. Such high need would expand the market for the operating table.  The report further stated that 28-32% of the global burden of disease can be surgically treated. According to World Bank statistics, in 2012, around 4511 surgeries per 1, 00,000 population were operated worldwide, which is expected to increase to 5000 surgeries per 1,00,000 population by 2030.

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The high rate of unmet surgical needs is significant in developing economies such as China, India, Brazil, South Africa, ASEAN and other prominent countries. According study published in World Journal of Surgery in 2014, developed countries receives 73.6% world surgeries while the low income counties receives only about 3.5%. However, rapid development of quality healthcare infrastructure in these regions is expected to increase the healthcare spending thereby creating positive prospects for surgical equipment such as operating table.

Moreover, according to the analysis by Coherent Market Insights, increase in number of geriatric population worldwide is expected to propel growth of the operating table market. Geriatric population suffers various conditions that require surgical intervention (arthroscopy, knee replacement, eye surgeries, palliative care, kidney transplant, and others.), which would contribute for high number of surgeries in these population. According to the World Population Prospects Report published in 2017, the worldwide population is advancing toward higher age group. In 2017, an estimated 962 million people were aged 60 or over, which comprised 13% of the population worldwide. Moreover, the number is expected to reach 1.3 billion by 2025, registering a growth of around 3%, annually.

Key players operating in the operating table market include, Hill-Rome Holdings, Inc., AGA Sanittsartikel GmbH, ALVO Medical sp. z o.o., Infimed, Inc., Stryker Corporation, Denyers International Pvt. Ltd., Eschmann Equipment, Getinge Group, AB, Merivaara Oy, Mizuho Corporation, Nuvo, Inc., Schaerer Medical AG, Skytron LLC, STERIS Corporation, medifa-hesse GmbH & Co. KG, and Stille AB.

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About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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