Increasing Number of Surgical Procedures of Operating Table Market...

Increasing Number of Surgical Procedures of Operating Table Market

Posted 2024-01-04 11:48:16

The global operating table Market is estimated to be valued at US$ 1.5 Bn in 2023 and is expected to exhibit a CAGR of 7.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

SWOT Analysis

Strength: Operating tables are specifically engineered to support the weight of patients and medical professionals during surgical procedures safely and comfortably. They offer features like adjustable heights and positions controlled electronically or manually which allows surgeons to change positions quickly as per the need of the surgery. They provide imaging capabilities that help surgeons get better visuals of the surgical site.

Weakness: Operating tables require substantial financial investment and their maintenance can increase the overall cost of owning them. Some features of premium operating tables may not be fully utilized in all surgical specialties which is an under-utilization of resources.

Opportunity: Growing geriatric population globally is leading to rise in chronic diseases and corresponding surgical procedures. This increases the demand for operating tables from hospitals and surgical centers. Technological advancements are allowing integration of tables with imaging technologies like CT scans and introduction of powered operating tables controlled via tablets.

Threats: Economic slowdowns can negatively impact the hospital capital equipment purchase budgets. Table manufacturers face threat from refurbished and second-hand equipment sales. Stringent regulatory approvals and quality certifications increase table development and manufacturing costs.

Key Takeaways

The Global Operating Table Market Size is expected to witness high growth driven by increasing surgical volumes and upgrades of aging hospital infrastructure in developing regions.

Regional analysis: North America currently dominates the market due to availability of advanced healthcare infrastructure and favorable reimbursement policies for surgical procedures. The Asia Pacific region is expected to grow at the fastest pace due to large patient populations, rising medical tourism and increasing healthcare investments by regional governments in countries like India and China.

Key players operating in the operating table market are Avery Dennison, 3M, Henkel, UPM Raflatac, CCL Industries, WS Packaging Group, Constantia Flexibles, R.R. Donnelley & Sons, Mondi, Amcor, Seiko Holdings, Reflex Labels, Coveris Holdings, Lintec Corporation, Stickythings, Torraspapel Adestor, Polylabel, Multi-Color Corporation, Secura Labels, Etisoftware. These players are focusing on new product launches and partnerships with medical device OEMs for business expansions and stronger market positions.

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