by The operating table is a table on which patients lie during surgical procedures. It is designed specifically for this purpose, allowing easy access to different parts of the body and aided with attachments and equipment ease in surgical process. Modern operating tables have motorized control panels that allow adjustable positions of the table top as required by the surgeon. They often incorporate accessories such as IV poles, drawers for storing surgical instruments and integrated camera mounts. Advance features include hydraulic, electric or electromechanical controls for adjusting height, backrest, leg sections and other articulated movements.
The global Operating Table Market is estimated to be valued at US$ 1.50 Bn in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the operating table market is integration of technologies to enhance surgical workflow and outcomes. Table mounted articulated arms are being integrated with high definition cameras and surgical imaging systems. This allows synchronized movements and helps surgeons get a clear view of the surgical site from multiple angles on high resolution display screens. Similarly, tables are being integrated with navigation systems to assist complex surgeries requiring precise positioning and orientation. Advanced materials are also being used to manufacture tables, making them more durable and easier to clean and disinfect between procedures. Growing demand for specialized tables tailored for different surgical specialties and minimally invasive techniques will continue shaping market trends over the forecast period.
Porter’s Analysis
Threat of new entrants: The operating table market has moderate threat of new entrants due to huge capital requirements and established brand image of existing key players.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of different product alternatives and price sensitivity.
Bargaining power of suppliers: Suppliers have low to moderate bargaining power as there are numerous substitute suppliers for raw materials required to manufacture operating tables.
Threat of new substitutes: Threat from new substitutes is low as operating table caters to niche applications where substitutes have limitations.
Competitive rivalry: Intense competition exists among existing players to sustain and gain market share.
Key Takeaways
Global Operating Table Market Demand is expected to witness high growth, exhibiting a CAGR of 6.6% over the forecast period, due to increasing adoption of hybrid operating tables integrated with advanced medical imaging systems.
Regional analysis
North America dominated the market and held around 40% of the global operating table market share in 2022 owing to the advanced healthcare infrastructure and availability of technologically advanced products in the region. Asia Pacific is anticipated to exhibit fastest growth during the forecast period with a CAGR of around 8% driven by growing medical tourism, increasing healthcare expenditure and demand for advanced surgical treatments.
Key players
Key players operating in the operating table market are Hill-Rom Holdings, Inc., Steris Plc., Stryker Corp., Getinge AB, and Shenzhen Mindray Bio-Medical Electronics Co., Ltd. Hill-Rom Holdings, Inc. offers a wide range of surgical tables that can accommodate various clinical requirements and imaging needs during procedures.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
