Operating Table Market Size, Share, Growth, and Industry Analysis, By Type (Non-powered Operating Tables, Powered Operating Tables), By Downstream Industry (Hospitals, Clinics, Ambulatory Surgical Center, Diagnostic Centre) and Regional Forecast to 2032

Updated On: 04 November 2024

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OPERATING TABLE MARKET REPORT OVERVIEW

The Operating Table Market Size was Valued at US$ US$ 77.62 Million in 2023. The Market is likely to Surpass US$ 116.13 Million by 2032 at a CAGR of 4.11% During the Forecast period [2024-2032].

The global Operating table Market is expected to be grown substantially in the coming years, driven by several factors. The Operating table Market basically includes a wide variety of products designed for surgical purposes within healthcare industry. These tables usually have modular designs, which makes them adaptable to various surgical procedures. The operating table market is poised for growth further because of the increasing chronic diseases, which thereby contribute to the growing number of surgeries. However the high maintenance costs serve as a barrier for the owners, moreover the sterilisation process to get away with infections also costs high.

COVID-19 Impact: Market Growth Restrained by Pandemic due to manufacturing halts

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The pandemic resulted in major disruptions to supply chains and manufacturing operations, which led to cause delays in the production processes and made the distribution difficult due to the restrictions and barriers imposed on trade practices. There were shortages of raw materials too, which led to increased costs and affected the overall production. Moreover, the during the pandemic, major part of the population faced financial strain and economically unstable conditions, which eventually led to reduced consumer spending. Many manufacturing units also experienced operations at reduced capacities, thereby leading to downfall in production capacity. Additionally, the strain on budgets due to covid-19 affected the ability to invest in new equipment, which led to compromises. While the market may eventually recover as the situation improves, the immediate impact of COVID-19 was predominantly negative for the global market.

LATEST TRENDS

"Sustainability and eco-friendly practices to Drive Market Growth"

With the advent of pandemic, there has been several significant improvements and a greater emphasis on sustainable practices, which has eventually contributed to Operating Table Market Growth. Companies are now shifting their focus more on eco-friendly processes. There also has been an increasing prevalence of advanced material combinations in manufacturing processes, including hydraulic and electric systems. The main objective for adopting sustainable processes is to minimize waste during production and thereby promote sustainability within the healthcare infrastructure.

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OPERATING TABLE MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into Non-powered Operating Tables and Powered Operating Tables.

• Non-powered Operating Tables -These tables generally demand manual effort in order to adjust the table height and are usually more affordable.

• Powered Operating Tables – These tables are often equipped with electric motors, and require no manual effort for precisely adjusting the table height.

By Application

Based on application the global market can be categorized into Hospitals, Clinics, Ambulatory Surgical Centers (ASCs) and diagnostic centers

• Hospitals- Large Hospitals with multiple departments generally require a wide range of operating tables, and are more likely to invest in advanced surgical solutions.

• Clinics- Clinics might opt for non-powered operating tables, which require manual efforts, however they usually look for the designs that are compact and flexible

• Ambulatory Surgical Centers (ASCs)- ASCs usually equip versatile operating tables, ones which are easy to move, since they perform numerous outpatient surgeries.

• Diagnostic Centers- Diagnostic centers generally equip such operating tables that are compatible with imaging devices, and provide comfort to the patients.

DRIVING FACTORS

"Expansion of healthcare infrastructure To Boost The Market"

One of the key driving factors in the global Operating Table market growth is the rapid development in the healthcare industry. Lately, there has been a growing focus on patient safety and comfort, thereby fueling a higher investment in the healthcare infrastructure. This also leads to expansion of Operating Table markets in some specific or new regions in order to facilitate consumers with healthcare focused products.

"Extensive research and development Contribute To drive demand"

One of the key driving factors in the global Operating Table market growth is the extensive research and development, which has led to certain technological advancements. There has been adoption of technologies such as MRI, CT for enhancing precision, as well as efficiency. Moreover, the acquisition of smaller firms by the larger ones has led to an increased competition and is driving the market further.

RESTRAINING FACTORS

"High initial investment Costs Serving As A Barrier In The Growth Of Operating Table Market"

Operating tables, especially those with advanced capabilities, integrations and high-tech features, often has high costs or require a large investment. In order to deploy these, one requires high investment, which might be capital intensive, thereby representing a considerable portion of a budget, which makes it difficult for the smaller healthcare organisations to afford it. Moreover, the low budgets and economic instability limit the market penetration, thereby affecting their ability to expand or grow. These also require high maintenance and repair costs, thereby limiting their adoption in certain regions.

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OPERATING TABLE MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"Asia Pacific Region Dominating the Market due to expansion in healthcare infrastructure"

Asia-Pacific has emerged as the most dominant region in the Global Operating Table market share due to various factors. The region's dominance is majorly due an increased investment in healthcare and the expansion of healthcare infrastructure. Moreover, the economy has an expanding middle class population with increasing disposable incomes, which is eventually leading to market growth. Additionally, extensive research and development in healthcare industry is leading to a significant improvement in terms of modernising healthcare facilities. Moreover, government support and initiatives further boost the market and the growing adoption of advanced materials and high consumer demand in the Asia-Pacific market, further contributes to its dominance in the global market share.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

The Operating Table Market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

LIST OF MARKET PLAYERS PROFILED

• Getinge Group (Europe)
• MAQUET (U.S)
• Steris Corp (Europe)
• Mizuho Corporation (Japan)

INDUSTRIAL DEVELOPMENT

April 2022: Recently, in April 2022, Getinge, a well-known brand, has partnered with the International Finance Corporation (IFC) in order to help the African region with access to medium equipment.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.