July 23, 2024
Operating Tables and Lights Market

Operating Tables and Lights Market driven by increasing number of surgeries worldwide

The global operating tables and lights market consists of a variety of operating room tables used for surgeries along with surgical lights or illuminators used to provide adequate lighting during surgeries. Operating tables come in different types and configurations depending on the type of surgery being performed. They allow positioning and manipulation of patients depending on ease of access and surgical requirements. Surgical lights provide optimal visualization for surgeons during procedures by delivering shadowless, adjustable light. The growth in number of surgical procedures due to rising incidence of chronic diseases and accidents worldwide has increased the demand for operating tables and lights in hospitals and surgical centers.

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 key trends:

One of the key trends in the operating tables and lights market is growing adoption of hybrid operating tables. Hybrid operating tables integrate advanced imaging and navigation technologies to assist surgeons during complex surgeries. They allow integration of advanced imaging such as CT and MRI with surgical navigation and robotics to enable minimally invasive surgeries. For example, table models such as Maquet Magnus integrate with O-arm or CT imaging to provide real-time intraoperative imaging. Their compatibility with robotic navigation systems such as ROSA or MAKO allow robot-assisted joint replacement surgeries. Growing demand for precision and minimal invasiveness in surgeries has driven the adoption of such hybrid tables in hospitals worldwide. Apart from imaging integration, other trends include LED illumination systems, rising adoption of tables with tilt functions, and smart control systems with storage of user presets.

Porter’s Analysis:

Threat of new entrants: Low-medium. High capital requirements for R&D, manufacturing and marketing create barriers for new players. However, developing markets offer opportunities.

Bargaining power of buyers: Medium. Operating tables and lights are medical equipment necessities, but buyers can negotiate on price and demand value-added products.

Bargaining power of suppliers: Low-medium. Key components have few alternate suppliers, but suppliers still depend on OEM market leaders for volume.

Threat of new substitutes: Low. No significantly cheaper or better substitutes exist for operating tables and lights in surgical procedures.

Competitive rivalry: High. Market dominated by few global players investing heavily in innovation and customization. Intense competition on product portfolio, pricing and customer service.

Key Takeaways:

The Global Operating Tables And Lights Market Demand  is expected to witness high growth over the forecast period. 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.

North America currently dominates the market owing to advanced healthcare infrastructure and rising surgical procedures in the region. Europe follows in terms of market share and is expected to grow at a steady rate during the forecast years. Asia Pacific is projected to be the fastest growing market for operating tables and lights. Rapidly developing countries like China and India are increasing healthcare expenditure and investing in hospital infrastructure which is driving the demand.

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.

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