Surgical Tables Market to Grow with a CAGR of 6.01% through 2028
Rising healthcare spending, technological
advancements, and the increasing popularity of minimally invasive surgery are
expected to drive the Global Surgical Tables Market growth in the forecast
period, 2024-2028.
According to TechSci Research report, “Surgical
Tables Market – Global Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2028”, the Global Surgical Tables Market stood at USD
1.29 billion in 2022 and is anticipated to grow with a CAGR of 6.01% in the
forecast period, 2024-2028. This can be attributed to regional variations. Market
dynamics can vary significantly by region. Developed healthcare markets, such
as North America and Western Europe, tend to have higher adoption rates of
advanced surgical tables due to the well-established infrastructure and
willingness to invest in the latest medical technologies. Conversely, emerging
economies in Asia-Pacific, Latin America, and the Middle East are experiencing
growth in healthcare infrastructure development, leading to increased demand
for surgical tables.
Furthermore, hygiene and infection control are
paramount in the operating room. Surgical tables incorporate smart features,
such as antimicrobial surfaces and automated cleaning systems, to maintain a
sterile environment. These innovations minimize the risk of infections and
enhance patient safety.
The anticipated global increase in the elderly
population is expected to drive significant demand for surgical tables in the
coming years. According to estimates from the World Health Organization (WHO),
by 2030, one in six individuals worldwide is projected to be 60 years of age or
older. The global population aged 60 and over grew from 1.1 billion in 2020 to
1.4 billion in 2021, and this number is set to double to 2.1 billion by 2050.
This demographic shift is anticipated to lead to a heightened need for surgical
tables for medical treatment, thereby contributing to market expansion.
A major driving factor for market growth is the
increasing number of elderly patients being admitted to hospitals, particularly
those suffering from end-stage chronic diseases that necessitate surgical
interventions. The rising volume of orthopedic and bariatric surgeries
worldwide is also fueling demand for surgical tables in the forecast period.
For example, in 2019, primary hip surgeries accounted for 32.7% and primary
knee surgeries for 54.4% of all surgeries performed, as per data from the
American Academy of Orthopedic Surgeons. Hence, the growing prevalence of
specific medical conditions is expected to create attractive growth
opportunities for industry players.
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The COVID-19 pandemic has significantly impacted
various aspects of healthcare, including surgical procedures. The increased
demand for surgical tables during COVID-19 treatment, as well as the necessity
for such tables in emergency elective surgeries, helped sustain the market's
value throughout the pandemic. The growth rate was also relatively unaffected
and is projected to remain robust in the forecast period. The expansion of
Powered and ambulatory care centers, coupled with the growth of non-profit organizations,
is a significant factor influencing market expansion. Furthermore, an
increasing number of surgeries are being performed in dedicated operating
rooms, contributing to the market's growth.
The Global Surgical Tables Market is segmented into product
type, type, material, end-use, regional distribution, and company.
Based on its end-use, the hospital sector commanded
the largest portion of the revenue share in 2022. Hospitals are increasingly
allocating funds towards surgical equipment, including surgical tables, which
is gradually bolstering the growth of this segment.
On the other hand, the Ambulatory Surgery Center (ASC)
sector is poised for a CAGR during the forecast period. This growth is driven
by several key factors, including the growing preference for same-day surgical
procedures, substantial cost savings, reduced waiting times, and an uptick in
the number of patients in need of surgical interventions within ambulatory
surgery centers. Additionally, the presence of reimbursement policies for
ambulatory surgery procedures is expected to contribute to the expansion of
this segment.
Based on type, the powered segment dominated the
market, capturing the largest share of revenue in 2022. Powered surgical tables
are typically battery-operated, eliminating the need for electrical cords on
the operating room floor. These devices assist the surgical team in precisely
positioning the patient by employing various motor-driven functions such as
tilt, back and leg support adjustments, height modification, tabletop
inclination, and return-to-level positioning. The advantages provided by
powered surgical tables are expected to drive growth within this segment.
Conversely, the non-powered segment also held a
significant market share in 2022. With advancements in medical technology and a
growing emphasis on patient and surgeon safety and comfort, hydraulic and
non-powered surgical tables have witnessed increased demand in hospital
settings worldwide. However, it's important to note that non-powered surgical
tables lack automated control features, which may potentially divert a
healthcare professional's or surgeon's attention during the surgical procedure.
This, in turn, is expected to impede the growth of this segment in the forecast
period.
Major companies operating in Global Surgical
Tables Market are:
- Hill-Rom Holdings Inc
- STERIS PLC
- Stryker Corp
- Getinge AB
- Shenzhen Mindray Bio-Medical
Electronics Co Ltd
- MIZUHO Corporation
- Skytron LLC
- Alvo Medical
- Allengers Medical Systems Ltd
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“The global surgical tables market is entering an
exciting phase of innovation and transformation. The convergence of artificial
intelligence, robotics, enhanced imaging, connectivity, and sustainability is
reshaping the industry. These trends are not only improving surgical precision
and patient outcomes but also increasing the efficiency and sustainability of
surgical practices,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based management consulting firm.
“Surgical Tables Market By
Product Type (General Surgical Tables, Specialty
Surgical Tables, Radiolucent Surgical Tables, Pediatric Surgical Tables), By
Type (Powered, Non-powered), By Material (Metal, Composite), By End-use
(Hospitals, Ambulatory Surgery Centers, Specialty Clinics & Trauma
Centers), By
Region, By Competition Forecast
& Opportunities, 2018-2028F”, has evaluated the future growth potential of Global
Surgical Tables Market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Surgical
Tables Market.
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