April 21, 2022
According to the research report titled ‘Surgical Table Market Size By Technology (Manual, Powered {Electric, Hydraulic}), By Surgery Type (General, Specialty {Bariatric, Neurology, Orthopaedic, Urology}), By End-use (Hospital, Ambulatory Surgical Centre), By Material (Metal, Composite), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Netherlands, China, Japan, India, Australia, Brazil, Mexico, South Africa, Saudi Arabia), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025’, available with MarketStudyReport, global surgical table market is expected to account for over USD 1.9 billion in valuation by the year 2025.
Rising number of surgical procedures coupled with the growing geriatric population are some of the major factors driving the growth of the global surgical table market. Increasing number of hospitals and ambulatory surgical centers, escalating healthcare expenditure, technological innovations, and growing awareness of sedentary lifestyles will augment the overall industry outlook as well.
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On the contrary, low adoption rates of advanced surgical tables in developing nations owing to lack of awareness and high costs could act as a major bottleneck for the market expansion in the subsequent years.
In terms of technology, the report cites that powered segment captured 35% market share in 2018 and is likely to showcase consistent growth during the study period. Such surgical tables are known to offer smooth as well as precise patient movement during surgical procedures.
Based on the end-user spectrum, the market is divided into ambulatory surgical centers and hospitals. The hospital segment held 75% share in global surgical table market and is anticipated to grow substantially during the analysis period owing to the large volume of surgeries performed and higher financial capacity.
Regionally, the U.S. held the largest market share in 2018 and is estimated to expand at a CAGR of 3.6% over the ensuing years, primarily attributed to the availability of an advanced healthcare infrastructure, increasing investments, growing geriatric population, and high healthcare expenditure.
Meanwhile, the Germany surgical table market share is speculated to expand at 4.4% CAGR through 2025 owing to increasing number of senior citizens, high adoption of technologically advanced solutions, and a rising incidence of cardiovascular & orthopedic disorders.
Coming to competitive hierarchy, AMTAI Medical Equipment Inc., Stille AB, Steris Corporation, Stryker Corporation, Skytron Corporation, Mizuho Medical Co. Ltd., Hill-Rom Holdings Inc., and Getinge are the leading players in the worldwide surgical tablet market.