by The global Operating Tables And Lights Market is estimated to be valued at US$ 1491.9 Mn in 2023 and is expected to exhibit a CAGR of 3.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Operating tables and surgical lights are an essential part of modern surgery rooms and operating theatres. Operating tables are specially designed tables used to position patients for surgical procedures. They provide support and allow access from all sides to perform surgery. Surgical lights also called operating lights or OR lights are specialized lighting systems used during surgical procedures to provide shadow-free, glare-free, dimmable, low-heat intense focused illumination of the operating field. They help surgeons to see internal structures clearly during examination and operations. Operating tables and lights provide safety, comfort and optimum viewing for conducting various types of surgical procedures. They help maximize surgical efficiency and improve clinical outcomes.
Market key trends:
One of the key trends in the operating tables and lights market is increasing adoption of hybrid operating rooms. Hybrid operating rooms allow performance of both minimally invasive and open surgical procedures in the same room using advanced medical imaging technology such as CT and MRI. They facilitate multidisciplinary approaches combining specialties such as cardiology, radiology and surgery. Hybrid OR tables and lights are specially designed and engineered to withstand the intensity and electromagnetics of imaging devices while providing safety and easy patient positioning. Manufacturers are focused on developing innovative hybrid operating room solutions to support these technically advanced surgical environments. Increased funding for medical infrastructure development globally is also expected to drive upgrades of conventional operating rooms with technologically advanced hybrid systems in turn boosting demand for hybrid operating tables and lights.
Porter’s Analysis
Threat of new entrants: Low capital requirement and expertise needed limits the threat of new entrants in the Operating Tables And Lights Market. The market already has significant players to address end user demands.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes and variety of players providing Operating Tables And Lights. However, compliance with quality and safety regulations provides some differentiation to established brands.
Bargaining power of suppliers: A handful of suppliers offer key components for Operating Tables And Lights limiting their bargaining power. Established players also source components in-house or have long-term contracts with suppliers.
Threat of new substitutes: New minimally invasive surgeries pose limited threat of substitution to Operating Tables And Lights currently. However, further developments in robotics could pose a high threat in the long run.
Competitive rivalry: The Operating Tables And Lights Market has presence of few giant players and several regional mid-sized players. Intense competition keeps pricing and product innovation high.
Key Takeaways
Global Operating Tables And Lights Market Demand is expected to witness high growth, exhibiting a CAGR of 3.9% over the forecast period, due to increasing number of surgical procedures worldwide. Growing demand for advanced imaging technologies during surgeries will also drive market growth.
Regional analysis: North America dominates the Operating Tables And Lights market currently owing to increasing healthcare expenditure and surgical procedure volumes in the region. Asia Pacific is expected to exhibit the fastest growth during the forecast period supported by rising medical tourism, healthcare infrastructure development and economic growth in countries such as China and India.
Key players: Key players operating in the Operating Tables And Lights market are Siemens AG, Dragerwerk AG & Co. KGaA, Getinge AB, GE Healthcare, Hill-Rom Holdings, Inc., KARL STORZ GmbH & Co. KG, Mizuho OSI, Koninklijke Philips N.V., STERIS Corporation, Stryker Corporation, Shenzhen Mindray Bio-Medical Electronics Co., Ltd. These players are focusing on new product launches and upgrades to gain higher market share.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
