by Operating tables, also known as operating beds, are essential equipment used in operating rooms to position patients comfortably and securely for surgical procedures. They allow for adjustments in height, angle, and other features to provide surgeons easier access and improved visibility of the operative site. The growing demand for state-of-the-art facilities to perform various complex surgical procedures has propelled the demand for modern operating tables equipped with advanced features.
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.
Market key trends:
One of the key trends propelling the growth of the operating table market is the rising adoption of hybrid operating tables. Hybrid operating tables are equipped with advanced features that allow them to be used for multiple surgical specialties in the same operating room. Their flexibility reduces turnaround time between surgeries and maximizes operating room capacity and efficiency. As healthcare providers focus on improving operational efficiencies amid cost pressures, hybrid operating tables with their multi-functional abilities are witnessing increasing demand globally. This rising adoption is expected to drive the operating table market during the forecast period.
SWOT Analysis
Strength: Operating tables are designed to be highly sturdy and durable so as to withstand intensive intraoperative use for long periods of time. They allow surgeons easy manipulability and access to the patient during surgery.
Weakness: High costs associated with operating tables make them inaccessible for smaller healthcare facilities and hospitals in developing regions. Frequent technological upgrades also contribute to the expenses.
Opportunity: Rising surgical volumes worldwide due to the growing geriatric population and increasing prevalence of chronic and lifestyle diseases is fueling demand for operating tables. Growing medical tourism in emerging nations as well.
Threats: Stringent regulatory approvals and quality standards set by regulatory bodies for operating tables may restrict or delay new market entrants. Supply chain disruptions amidst the ongoing pandemic also pose challenges.
Key Takeaways
Global Operating Table Market Size is expected to witness high growth over the forecast period of 2023 to 2030 supported by factors such as the growing popularity of minimally invasive surgeries and the rising incidence of trauma and accident cases worldwide.
Regional analysis: North America currently dominates the global operating table market and is expected to continue its leadership during the forecast period as well. This can be attributed to factors such as the well-established healthcare system in the region coupled with ongoing technological advancements. Asia Pacific is poised to be the fastest growing market for operating tables driven by nations like China, India and Japan. This growth can be accredited to increasing healthcare investments, expansion of healthcare infrastructure and rising medical tourism in the region.
Key players: 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, and Etisoftware. These players are focused on new product launches and expansion strategies to strengthen their presence across global markets.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
