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Published Date: 2017-09-18Number of Pages: 170

Surgical Tables Market (Type - Powered, Unpowered; End Use - Hospital, ASCs, Clinics; Surgery Type - General Surgery, Special Surgery) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022

Global Surgical Tables Market: Snapshot

Surgical tables comprise one of the first requirements of a modern healthcare system and thus are likely to be in constant demand over the near future. The global surgical tables market has benefited significantly from the rising investment in the healthcare sector across the world regardless of the economic state of the country. Developed countries have led the way in modernizing their healthcare sectors and incorporating major technological advances, but healthcare agencies in developing regions such as the Middle East, Japan, Asia Pacific, and Latin America are also likely to become major players in the global healthcare sector. This is likely to drive the global surgical tables market at a steady rate in the 2017-2022 forecast period. The increasing acknowledgment of the need to improve the surgical area to maximize its utility and comfort is likely to drive the global surgical tables market.

According to Transparency Market Research, the global surgical tables market was valued at US$837.1 mn in 2017 and is expected to rise to US$1,014.3 mn by 2022 at a steady 4.1% CAGR therein. 

 

surgical tables market

North America to Dominate Global Surgical Tables Market

Geographically, North America is likely to be the leading contributor to the global surgical tables market in the coming years. The North America market is driven by the steady rise in demand from the surgical tables market in the U.S., where the healthcare sector is highly developed. The North America surgical tables market is expected to rise to a valuation of US$301.5 by 2022, expanding upon its 2017 valuation of US$246.9 mn at a strong CAGR of 4.1% between 2017 and 2022.

Rising Investment in Developing Regions Crucial for Surgical Tables Market

Despite the dominant role of Western countries in the technological development of the healthcare sector, emerging countries such as China, India, Thailand, Indonesia, Malaysia, Singapore, Brazil, Argentina, the UAE, and Saudi Arabia are likely to be vital to the global surgical tables market in the coming years. Several of these countries house rapidly growing healthcare sectors that are receiving significant government funding as well as private investment. This has enabled steady growth of the growth of component industries such as the surgical tables market. The increasing spending power of healthcare agencies in these regions is also likely to lead to growing demand for surgical tables and other such hospital implements. 

Innovation in Developed Regions to Boost Surgical Tables Market

Developed countries such as the U.S., the U.K., France, and Germany are home to flourishing surgical tables markets that are likely to undergo smooth growth in the coming years due to the steady backing for healthcare innovation in the region. Widespread regulatory support for incorporation of technological advances in the healthcare sector is likely to help the surgical tables market achieve steady growth in Europe in the coming years. Despite being likely to lose some BPS over the forecast period, Europe accounted for 27.8% of the global surgical tables market in 2017 and is likely to remain a dominant contributor in the coming years. 

Hospitals to Remain Dominant Contributor amid Growing Demand from ASCs

By end use, hospitals are likely to dominate the global surgical tables market. Hospitals have been the conventional leader in the surgical tables market and are likely to exhibit steady growth in demand over the coming years. Nevertheless, ambulatory surgical centers (ASCs) are becoming an important part of the healthcare sector in developed countries and are likely to contribute consistently to the surgical tables market in the coming years. 

Competitive Dynamics

Key companies examined in the report include AMTAI Medical Equipment, Inc., Allengers Medical Systems Limited, C-RAD AB, Getinge AB, Skytron Inc., STERIS, Elekta AB, Span America Medical System Inc., and Stryker Corporation. New players could also enter the surgical tables market in the coming years due to the lucrative opportunity on offer in the market, leading to intense competition. 

Global Surgical Tables Market: Overview

The report on the global surgical tables market presents a detailed assessment of the market and reliable forecasts regarding its likely growth trajectory in the coming years. The global surgical tables market is assessed on all fronts, including the hierarchy of its segmentation, the major factors influencing its growth, and the leading players staking a claim in it. The comprehensive view provided in the report is backed up by solid facts collated from reliable first- and second-hand sources and reliable market figures. The latest figures for the global surgical tables market are elaborated upon in detail in the report in order to provide readers a clear picture of the market’s current standpoint. The analysis of the current figures is combined with insight derived from analysis of the global surgical tables market’s historical trajectory to derive solid projections regarding the way the market is likely to progress in the coming years.

Surgical tables are a key need in the healthcare sector and have thus benefited significantly from the growing investment in the healthcare sector in developed as well as developing countries. The surgical tables market has also benefited from the steady technological development embraced by the healthcare sector, which has resulted in the development of consistent progressions in design, boosting the demand from the surgical tables market. The rising economic prominence of the healthcare sector in the coming years is likely to ensure stable growth of the global surgical tables market in the near future.

The global surgical tables market was valued at US$837.1 mn in 2017. Exhibiting a steady 3.9% CAGR in the 2017-2022 forecast period, the surgical tables market is expected to reach US$1,014.3 mn by 2022.

Global Surgical Tables Market: Dynamics

The report provides a clear look into the dynamics of how various influential factors affect the global surgical tables market. The most important factors affecting the market are provided with great attention, with its relationship with the surgical tables market analyzed carefully to derive useful insight. Factors hindering the global surgical tables market are also assessed in detail in the report, which becomes a key tool for players to know what pitfalls to avoid. In dynamic markets such as the surgical tables market, with rapid influx of investment resulting in an unstable landscape, small matters can make a difference.

The steady growth of the healthcare sector across the world is likely to remain the prime driver for the global surgical tables market. Healthcare industry players have started to pay attention to the growing need for advanced and innovative design in the medical devices industry, which has driven the development of innovative variants of various surgical implements, including the surgical tables market.

Global Surgical Tables Market: Segmentation

Non-powered surgical tables dominate the global surgical tables market in terms of product type. The non-powered surgical tables segment was valued at US$619.1 mn in 2017, representing 74% of the market. Growing at a CAGR of 4.3%, the segment is expected to grow to US$765.7 mn by 2022, accounting for 75.5% of the global surgical tables market.

Geographically, North America is the dominant contributor to the global surgical tables market due to the widespread adoption of advanced surgical equipment in developed countries such as the U.S. and Canada. The North America surgical tables market was valued at US$246.9 mn in 2017 and is expected to exhibit a steady 4.1% CAGR in rising to US$301.5 mn by 2022.

Global Surgical Tables Market: Competitive Dynamics

Leading players in the global surgical tables market are analyzed in the report in order to provide readers with a clear picture of the competitive dynamics of the global surgical tables market. Regulatory factors influencing the major competitive trends in the global surgical tables market are assessed in the report. Key companies examined in the report include AMTAI Medical Equipment, Inc., Allengers Medical Systems Limited, C-RAD AB, Getinge AB, Skytron Inc., STERIS, Elekta AB, Span America Medical System Inc., and Stryker Corporation. 


 
 
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