Operating tables are medical devices that are used to position patients for surgical procedures. They provide a firm and flat surface on which surgical procedures can be performed. Operating tables allow for adjustable positioning to provide surgeons access to all body parts and allow for various surgical approaches. They are equipped with features such as retractors, power-operated lithotomy legs, and accessory rails that enable surgeons to perform complex procedures. Rising volume of surgical procedures worldwide coupled with increasing adoption of minimally invasive approaches is anticipated to drive demand for advanced operating tables.
The Global Operating Table Market is estimated to be valued at US$ 1.73 Bn in 2024 and is expected to exhibit a CAGR of 7.0% over the forecast period 2024 to 2030.
Key Takeaways
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, and Polylabel, Multi-Color Corporation, Secura Labels, Etisoftware. These players are focusing on developing advanced operating tables equipped with features like touch screens, integrated imaging capabilities, and increased range of motion.
The rising adoption of minimally invasive surgeries across the globe is creating lucrative opportunities for players in The Operating Table Market. Technological advancements are enabling wider applications of MIS techniques. This is expected to drive demand for specially designed operating tables that facilitate such delicate procedures.
Key players are expanding their presence globally, especially in emerging markets to tap the growth opportunities. Factors like rapidly growing healthcare infrastructure, rising medical tourism, and increasing disposable incomes in developing nations are encouraging international players to extend their geographic footprint.
Market Drivers
- Rising Medical Tourism - Many countries in Asia, Latin America, Middle East and Africa offer medical treatments at relatively lower costs compared to developed markets. This is attracting patients from developed countries to emerging markets for treatments and surgeries.
- Increasing Healthcare Expenditure - Growing healthcare budgets of governments and rising disposable incomes have been increasing spending on healthcare infrastructure and medical devices including operating tables.
Market Restraints
- High Cost of Advanced Operating Tables - Operating tables equipped with advanced features have higher acquisition and maintenance costs. This acts as a major barrier, especially in price-sensitive developing markets.
- Stringent Regulatory Standards - Operating tables have to meet various regulatory standards regarding safety, materials used, sterilization etc. Complying with varying regulations across countries increases complexity and costs of manufacturing.
Segment Analysis
The operating table market is dominated by the general/multi-purpose sub segment. These tables are used in several surgical procedures owing to their adjustable features. They can be positioned in trendelenburg, reverse trendelenburg and lateral tilt positions to provide flexibility to surgeons during surgeries. Their price ranges from moderate to high based on added features. Powered versions are also available with electronic controlled adjustment of sections. The general operating tables hold the highest market share owing to their usability in diverse range of surgeries covering areas like general, gynecology and orthopedics.
Global Analysis
Regionally, North America dominates the operating table market holding the maximum share. This is attributed to advanced healthcare facilities, high adoption rate of new technologies and infrastructure development in the region. Presence of key players and availability of insurance coverage drives the market growth. Europe holds the second largest market and is poised to grow at a steady rate during the forecast period. On the other hand, Asia Pacific region is expected to witness fastest market growth owing to rising healthcare standards, increasing medical tourism and growing demand for advanced devices in major countries like China, India and Japan. Low manufacturing and operation costs in Asia Pacific region attracts key players to establish manufacturing units to cater to regional as well as global demand.
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