Dublin, Oct. 19, 2021 (GLOBE NEWSWIRE) -- The "Global Operating Tables Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (General Surgery Tables, Specialty Surgery Tables, Radiolucent Operating Tables, Pediatric Operating Tables); Technology; End User; and Geography" report has been added to ResearchAndMarkets.com's offering.
The operating tables market is expected to reach US$ 1,043.41 million by 2028 from US$ 835.46 million in 2021; it is estimated to grow at a CAGR of 3.2% from 2021 to 2028.
Factors such as the increasing number of hospitals and clinics and the surging number of surgical procedures drive the growth of the market. However, the high costs of technologically advanced operating tables hinder market growth.
The hospital industry across the world is growing at a rapid pace. Although the average hospital stays for a single patient has been slightly decreased from 7 days to 5-6 days in the last couple of decades, the total number of hospital admissions has increased in the last 5-6 years. Moreover, according to the American Hospital Association, the total number of all hospitals in the US in 2019 was 6,090.
According to the Department of Industrial Policy and Promotion (DIPP), the hospital and diagnostic centers in India have attracted Foreign Direct Investments (FDIs) worth US$ 6 billion in the last couple of decades. According to the Ministry of Health and Family Welfare, the Government of India, India and Cuba signed a Memorandum of Understanding (MoU) to increase cooperation in the areas of health and medicine. Furthermore, a de-merger between Fortis Healthcare and Manipal Hospitals Enterprises has been carried out to raise US$ 602.41 million, which can be further invested to expand hospital infrastructure in Manipal Hospital Enterprise. The operating tables industry in India is booming owing to a few factors such as rising government and private sector investments, increasing geriatric population, and surging hospital count.
Hospitals are known to amplify the effectiveness and quality of healthcare. Moreover, the World Health Organization (WHO) states that hospitals are an essential part of health system development. This has drawn the attention of Health Ministries in multiple countries to focus on improving the healthcare infrastructure and establish a hospital and clinical facilities in rural and urban areas. For instance, in November 2017, Japan's Health Ministry made free access to healthcare centers available in the country through the establishment of new hospitals. Thus, the rising number of hospitals and clinics across the world boosts the growth of the operating tables market.
Based on product type, the global operating tables market is segmented into general surgery tables, specialty surgery tables, radiolucent operating tables, and pediatric operating tables. The market for the specialty surgery tables segment is subsegmented into orthopedic surgery, neurosurgical, laparoscopic, and bariatric surgery. In 2020, the general surgery tables segment held the largest market share. However, the specialty surgery tables segment is expected to register the highest CAGR in the market during 2021-2028. A general surgical table is designed for versatility and adaptability across a wide array of operations. The table can be adjusted for height and length as well as can be tilted to either side. The rising burden of chronic diseases is one of the major factors propelling the demand for operating tables across the world.
Based on technology, the operating tables market is bifurcated into non-powered and powered. The non-powered segment is likely to hold a larger market share in 2021, and it is expected to dominate the market by 2028. Owing to the advancements in surgeries and other medical procedures, healthcare professionals across the world need adjustable equipment that can be precise, fast, and easy to control. In powered operating tables, there is a source of power control that operates various settings, such as the movement of the table, adjustment of height, and the inclination of the tabletop. These aspects are propelling the market growth for the technology segment.
Based on end user, the operating tables market is segmented into hospitals, ambulatory surgical centers, and specialty clinics. The hospitals segment is likely to hold the largest market share, and it is expected to dominate the market by 2028. The ambulatory surgical centers segment is expected to lead the market as the centers offer cost-effective services and convenient environment, which is less stressful than hospitals. The increasing number of ASCs across the world is driving the market growth for the ambulatory surgical centers segment.
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Key Topics Covered:
1. Introduction
2. Global Operating Tables Market - Key Takeaways
3. Research Methodology
4. Operating Tables Market - Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America - PEST Analysis
4.2.2 Europe- PEST Analysis
4.2.3 Asia Pacific - PEST Analysis
4.2.4 Middle East and Africa - PEST Analysis
4.2.5 South and Central America (SCAM) - PEST Analysis
4.3 Experts Opinion
5. Operating Tables Market - Key Market Dynamics
5.1 Drivers
5.1.1 Increasing Number of Hospitals and Clinics
5.1.2 Increasing Number of Surgical Procedures
5.2 Market Restraints
5.2.1 High costs of technologically advanced operating tables
5.3 Market Opportunities
5.3.1 Growth of Medical Tourism
5.4 Future Trends
5.4.1 Significant shift towards powered surgical tables
5.5 Impact Analysis
6. Operating Tables Market - Global Analysis
6.1 Global Operating Tables Market Revenue Forecast and Analysis
6.2 Global Operating Tables Market, By Geography - Forecast and Analysis
6.3 Market Positioning of Key Players
7. Operating Tables Market Analysis - By Product Type
7.1 Overview
7.2 Operating Tables Market Revenue Share, By Product Type (2021 and 2028)
7.3 General Surgery Tables
7.3.1 Overview
7.3.2 General Surgery Tables: Operating Tables Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Specialty Surgery Tables
7.4.1 Overview
7.4.2 Specialty Surgery Tables: Operating Tables Market - Revenue and Forecast to 2028 (US$ Million)
7.4.3 Orthopedic Surgery Tables
7.4.3.1 Overview
7.4.3.2 Orthopedic Surgery Tables: Operating Tables Market - Revenue and Forecast to 2028 (US$ Million)
7.4.4 Neurosurgical Operating Tables
7.4.4.1 Overview
7.4.4.2 Neurosurgical Operating Tables: Operating Tables Market - Revenue and Forecast to 2028 (US$ Million)
7.4.5 Laparoscopic Operating Tables
7.4.5.1 Overview
7.4.5.2 Laparoscopic Operating Tables: Operating Tables Market - Revenue and Forecast to 2028 (US$ Million)
7.4.6 Bariatric Surgery
7.4.6.1 Overview
7.4.6.2 Bariatric Surgery: Operating Tables Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Radiolucent Operating Tables
7.5.1 Overview
7.5.2 Radiolucent Operating Tables: Operating Tables Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Pediatric Operating Tables
7.6.1 Overview
7.6.2 Pediatric Operating Tables: Operating Tables Market - Revenue and Forecast to 2028 (US$ Million)
8. Operating Tables Market Analysis - By Technology
8.1 Overview
8.2 Operating Tables Market Revenue Share, By Technology (2021 and 2028)
8.3 Non-Powered
8.3.1 Overview
8.3.2 Non-Powered: Operating Tables Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Powered
8.4.1 Overview
8.4.2 Powered: Operating Tables Market - Revenue and Forecast to 2028 (US$ Million)
9. Operating Tables Market Analysis - By End User
9.1 Overview
9.2 Operating Tables Market Revenue Share, By End User (2021 and 2028)
9.3 Hospitals
9.3.1 Overview
9.3.2 Hospitals: Operating Tables Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Ambulatory Surgical Centers
9.4.1 Overview
9.4.2 Ambulatory Surgical Centers: Operating Tables Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Specialty Clinics
9.5.1 Overview
9.5.2 Specialty Clinics: Operating Tables Market - Revenue and Forecast to 2028 (US$ Million)
10. Global Operating Tables Market - Geographic Analysis
11. Impact Of COVID-19 Pandemic on Operating Tables Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
11.2 Europe: Impact Assessment of COVID-19 Pandemic
11.3 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.5 South & Central America: Impact Assessment of COVID-19 Pandemic
12. Operating Tables Market-Industry Landscape
12.1 Overview
12.2 Growth Strategies in the Operating Tables Market (%)
12.3 Organic Developments
12.3.1 Overview
12.4 Inorganic Developments
12.4.1 Overview
13. Company Profiles
13.1 SKYTRON, LLC
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 STERIS plc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 AGA Sanitatsartikel GmbH
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 ALVO
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Denyers International
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Getinge AB
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Mizuho Medical Co,Ltd.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Merivaara
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Stryker Corporation
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Hill Rom Holding Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
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