The surgical tables market was projected to grow with a CAGR of nearly 3.6% over the forecast period. The major factor attributing to the growth of the market is the rising number of surgeries across the globe. This is due to the increasing prevalence of lifestyle diseases, due to sedentary living and due to the incidence of many chronic diseases.
Furthermore, the growing preference towards minimally invasive surgeries and the growth of the ambulatory surgery centers are few other major factors for the market growth. Rising investments in the surgical instruments by the hospitals is boosting the market. However, the lack of skilled labor is the major drawback of market growth.
Key Market Trends
General Surgical Table is Expected to Hold the Largest Market Share Over the Forecast Period
General surgical tables are the tables on which a patient lies down through a surgical procedure. General surgical tables are used majorly in many of the hospitals. Their demand is higher than the specialty tables, as the special ones are used only in very few cases in very few hospitals. Therefore as the number of surgeries increases the market growth also expands.
Specialty surgical tables are produced for particular surgical processes such as bariatric, neurology, orthopedic, urology, etc. Hospitals and ambulatory surgical centers with a good budget opt for such specialty surgical tables in order to increase patient comfort. The general tables are used for almost all surgical procedures around the world, hence, securing the largest share in the global market.
North America Dominates the Market and Expected to do Same in the Forecast Period
North America is expected to dominate the surgical tables market, throughout the forecast period. The positive reimbursement situation in the United States, the increasing inclination of minimally invasive surgeries, and the soaring number of surgeries are the major factors driving the growth of the surgical tables market in North America. Furthermore, growing awareness among the population to approach for such procedures in case of injuries and chronic disease problems. The companies also have well-established direct channel collaboration with hospitals and clinics to serve the studied market.
The Asia Pacific is likely to witness the highest growth over the forecast period due to improving healthcare infrastructure in developing nations such as China and India.
The surgical tables market is moderately competitive and consists of several major players. Some of the companies which are currently dominating the market are Steris Plc, Skytron LLC, Stryker Corporation, Mizuho OSI, Getinge AB, Schaerer Medical USA, Inc., NUVO, Inc., Allengers Medical Systems Limited, Invacare Corp, Elekta AB, Trumpf Medical.
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