April 22, 2024
Operating Table Market

Operating Table Market is Anticipated to Witness High Growth Owing to Rising Number of Surgical Procedures

Operating tables are medical devices used during surgical procedures for patient positioning and comfort. They come equipped with features such as adjustable height, backrest and leg sections which allows surgeons to easily access different parts of the patient’s body during surgery. The market has witnessed rising demand for specialized operating tables suitable for bariatric surgeries, orthopedic procedures and minimally invasive surgeries. Growing preference for minimally invasive surgeries over traditional open surgeries due to benefits such as reduced trauma, blood loss, hospital stay and faster recovery is a key factor driving demand in the operating table market.

The Global Operating Table Market is estimated to be valued at US$ 1.73 Bn in 2024 and is expected to exhibit a CAGR of 7.0% over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in the Operating Table are Avery Dennison, 3M, Henkel, UPM Raflatac, CCL Industries. North America represents the largest market for operating tables currently owing to high adoption rates of advanced medical technologies in the region. However, Asia Pacific is expected to witness highest growth during the forecast period supported by increasing healthcare spending and infrastructure development across developing economies such as India and China. Regulatory approvals and launch of innovative operating tables integrated with patient positioning systems and storage capabilities present key growth opportunities for market players. Major companies are expanding their product portfolios and global footprint through acquisitions to strengthen market position and penetrate untapped markets.

Market drivers

Rising volume of surgical procedures performed globally is a major growth driver for The Operating Table Market. According to the Centers for Disease Control and Prevention (CDC), over 50 million inpatient surgeries were performed in the United States in 2018. Increasing prevalence of chronic diseases such as orthopedic disorders, cardiovascular diseases and cancers is translating to higher surgical intervention rates. Growing geriatric population who are more susceptible to such conditions will further augment surgical procedure volumes in the coming years. Other factors such as increasing healthcare expenditures, availability of reimbursements and medical tourism are also positively impacting the market.

PEST Analysis
Political: Healthcare reforms and regulations impact demand for operating tables. Manufacturers comply with safety standards and quality certifications.

Economic: Rising healthcare spending and increasing surgeries drive demand. Economic downturns may impact capital investments in medical equipment upgrades.

Social: Aging population and lifestyle diseases increase need for surgical procedures. Advances in minimally invasive techniques spur innovations.

Technological: Developments in material sciences, electronics and motors improve ergonomics, control systems and safety. Hydraulic, electric and hybrid operating table models incorporate latest tech.

Geographical regions with high market share in terms of value
North America and Western Europe account for over 60% share due to advanced healthcare infrastructure and high spending. North America leads with around 35% share attributed to large population and developments in ambulatory care.

Fastest growing regional market
The Asia Pacific region excluding Japan presents significant growth opportunities with a CAGR of over 10% during the forecast period. Factors contributing to growth include improving access to healthcare, rising medical tourism and investments in hospital upgrades across emerging Asian nations.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it