Operating Table Market is Estimated To Witness Growth Owing To Increasing Adoption of Speciality Operating Tables
Operating Table Market |
Operating tables are specialized medical tables used to position patients comfortably and provide surgeon easy access during surgical procedures. Operating tables provide adjustable surfaces to position patients for a variety of procedures and allow surgeons and other staff optimal positioning while ensuring patient safety, access, and efficient workflow.
The Operating Table Market is estimated to be valued
at US$ 1.50 Bn in 2023 and is expected to exhibit a CAGR of 6.6% over the
forecast period 2023 to 2030, as highlighted in a new report published by
Coherent Market Insights.
Market key trends:
One of the key trends driving growth of the operating table market is the
increasing adoption of specialty operating tables. Specialty operating tables
are customized for specific procedures and offer enhanced ergonomics,
workflows, and patient positioning capabilities. For instance, orthopedic
operating tables offer enhanced capabilities for joint replacement surgeries
while urology tables provide customization for urologic and kidney procedures.
Manufacturers are also offering tables integrated with advanced technologies
such as powered drives, adjustable surfaces, and self-leveling features to
provide maximum flexibility to medical staff. As the complexity of surgeries
increases, demand for specialized operating tables is also growing
significantly driving the growth of the overall market during the forecast
period.
Porter’s Analysis
Threat of new entrants: Low capital requirement for manufacturing operating
table pose threat of new entrants in the market. However, established brands
have strong distribution network and customer loyalty which make difficult for
new players.
Bargaining power of buyers: Due to availability of substitutes and presence of
many established brands, buyers have higher bargaining power in the operating
table market.
Bargaining power of suppliers: suppliers have moderate bargaining power due to
availability of substitutes and less switching cost.
Threat of new substitutes: Threat of new substitutes is moderate as branded
manufacturers continuously invest in R&D to develop innovative tables
meeting modern needs with similar functionality at lower costs.
Competitive rivalry: High as key players compete on the basis of product
quality, pricing and brand image.
SWOT Analysis
Strength: Operating tables offer advance ergonomic features, mobility and
safety which enhance surgical workflow. Manufacturers provide customized
products as per needs.
Weakness: High cost of technologically advanced operating tables make it
inaccessible for small setups and low budget hospitals in developing nations.
After sales services in rural areas need improvements.
Opportunity: Increasing number of surgeries due to rising incidence of diseases
and government focus on strengthening healthcare infrastructure will boost
demand.
Threats: Regulations regarding use of medical devices vary across countries
posing challenges. Economic slowdowns can negatively impact market growth.
Key Takeaways
Global
Operating Table Market Demand is expected to witness high growth,
exhibiting CAGR of 6.6% over the
forecast period, due to increasing number of surgeries worldwide.
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