The 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:
The operating tables and lights market comprises of medical equipment used in operating rooms for surgical procedures. Operating tables are designed for positioning, manipulating and securing patients for surgical procedures, while operating lights or surgical lights provide illumination for surgical procedures by concentrating light in the operating field. Operating tables and lights are used in various surgical procedures such as spine surgeries, orthopedic surgeries, ENT surgeries, neurosurgeries, cardiothoracic surgeries and general surgery.
Market Dynamics:
The operating tables and lights market is witnessing growth owing to rising number of surgical procedures globally. According to the American Society of Plastic Surgeons, around 18.1 million surgical and minimally-invasive cosmetic procedures were performed in the U.S. in 2019. Growing prevalence of chronic diseases such as cardiovascular diseases, cancer, diabetes and dental diseases is also fueling market growth. Moreover, technological advancements in operating tables introducing features such as adjustable positions and motorized controls for positioning are gaining popularity in operating rooms. However, high costs associated with modern operating tables and lights, and budget constraints in hospitals of developing economies, may hamper market growth.
SWOT Analysis
Strength: Operating tables and lights market has strong presence of key players with wide product portfolio. Advanced features such as movable monitors and integrated lights provide better ergonomics and convenience to surgeons. Rising demand for minimally invasive surgeries drives the growth of this market.
Weakness: High cost of advanced operating tables poses affordability challenges in price sensitive areas. Lack of proper training to operate advanced features limits full utilization of potential.
Opportunity: Emerging markets in Asia Pacific provide huge untapped growth opportunities due to rising healthcare investments and infrastructure. Increasing number of ambulatory surgical centers augment the demand for operating tables and lights.
Threats: Currency fluctuations and trade wars impact profit margins of global players. Slow hospital spending and delays in capital expenditures impact new installations.
Key Takeaways
Global Operating Tables And Lights Market Demand is expected to witness high growth, exhibiting CAGR of 3.9% over the forecast period, due to increasing number of surgical procedures worldwide. The market size was valued at US$ 1491.9 Mn in 2023.
Regional analysis
The Asia Pacific region is expected to grow at the fastest rate due to rising healthcare infrastructure, presence of low cost manufacturing bases, and increasing healthcare spending. China, India and Japan dominate the Asia Pacific operating tables and lights market with largest patient pools. North America accounted for the largest revenue share in 2023 led by technological advancements, higher adoption of advanced medical devices and large number of ambulatory surgical centers in the US and Canada.
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., BenQ Medical Technology, Mediland Enterprise Corporation, Alvo Medical Sp. z o.o., Famed Zywiec Sp. z o.o., Heal Force, OPT Surgisystems S.R.L. (TKB Group), Medifa-hesse GmbH & Co. KG, UFSK-International OSYS GmbH, Taicang Kanghui Technology Development Co., Ltd, Ningbo Techart Medical Equipment Co., Ltd., Fazzini SRL, Lojer Oy, and AGA Sanitaetsartikel GmbH. The key players are focusing on new product launches and geographical expansion to gain higher market share.
Buscar
Categorías
- Art
- Causes
- Crafts
- Dance
- Drinks
- Film
- Fitness
- Food
- Juegos
- Gardening
- Health
- Home
- Literature
- Music
- Networking
- Other
- Party
- Religion
- Shopping
- Sports
- Theater
- Wellness
- IT, Cloud, Software and Technology
Read More
Spray Drying Equipment Market, Analysis, Business Opportunities, Outlook: Post Covid Investors Eye Bigger-Than-Expected by Fact MR
Global spray drying equipment market accounts for a valuation of US$ 5.4 billion in 2023 and is...
Raise Your Discord Community: Your Best Help guide Acquiring Discord Participants
Benefits: Inside vibrant whole world of social networks, Discord provides come forth to be...
Dental CAM Milling Machine Market Industry Size, Share Trends, Growth, Demand, Opportunities and Forecast By 2028
For an effectual business growth, companies must adopt market research report service which has...
2020 Nike Air Force 1 Low Worldwide Is Available Now
New Jordan is set to release another “Denim” version of their beloved Dunk Low skate...
UK Aquaculture Market Sustaining Oceanic Bounty By Forecast By 2024 -2032
UK Aquaculture Market: Sustaining Oceanic Bounty
In the United Kingdom (UK), the aquaculture...