by The Operating Tables And Lights Market is estimated to be valued at Us$ 1,382.0 Mn in 2022 and is expected to exhibit a CAGR Of 3.9% over the forecast period 2022-2028, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Operating tables are medical devices used to position patients during surgical procedures. Operating tables need to provide secure, comfortable patient positioning and easy access to the surgical site. Operating lights or surgical lights provide bright, shadowless illumination of the surgical site. Some key features of operating tables include adjustable height, electrically powered movements, radiolucent table tops, and integrated control systems. Operating lights provide illumination intensities up to 120,000 lux with adjustable shadowless illumination beams.
Market Dynamics:
Rising patient volume and increase in number of surgical procedures being performed are major drivers fueling growth of the operating tables and lights market. According to the Organization for Economic Co-operation and Development (OECD), around 230 million surgical procedures are performed annually worldwide. Growing geriatric population prone to various medical conditions also contributes to market growth. For instance, according to the United Nations, number of people aged 60 years and above is expected to double by 2050 and reach 2.1 billion. However, high costs of operating tables and lights and low reimbursements in developing countries hinder market growth. Growing demand for hybrid operating rooms and introduction of technologically advanced tables integrated with imaging systems provide lucrative growth opportunities over the forecast period.
Segment Analysis
The operating tables and lights market is dominated by the operating table segment, accounting for over 60% share of the overall market. Operating tables are designed to facilitate surgical procedures by positioning patients appropriately for examination and treatment. They allow safe patient handling and come equipped with features such as adjustable height, tilting mechanism, side rails, and others. The increasing number of surgical procedures being performed worldwide is the major factor driving demand for operating tables.
PEST Analysis
Political: Government initiatives to augment healthcare infrastructure and set up new hospitals and clinics in developing nations are positively impacting market growth.
Economic: Rising healthcare spending globally coupled with growing per capita incomes is fueling demand for high-quality medical devices such as operating tables and lights.
Social: Rising incidence of chronic diseases and accidents worldwide is raising the need for surgical procedures. This is propelling the operating tables and lights market.
Technological: Players are focusing on developing advanced operating tables equipped with features such as integrated lighting systems, motorized control panels, and enhanced durability and safety.
Key Takeaways
The global operating tables and lights market is expected to witness high growth, exhibiting CAGR of 3.9% over the forecast period, due to increasing number of surgical procedures worldwide.
The North American market holds the largest share currently and is expected to maintain its dominance over the forecast period. This can be attributed to well-established healthcare infrastructure and high adoption of advanced medical technologies in the region.
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.
Regional analysis
North America is currently the largest market for operating tables and lights owing to high healthcare spending and early adoption of technologically advanced medical products in the region. Asia Pacific market is expected to witness highest growth over the forecast period owing to rising medical tourism, increasing healthcare investments by various governments and growing incidents of chronic diseases.
Key players analysis
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
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
