Operating Tables And Lights Market Is Estimated To Witness High Growth Owing To Integration Of Advanced Technologies

Operating Tables And Lights Market


The Operating Tables And Lights Market is estimated to be valued at US$ 1491.9 Mn in 2023 and is expected to exhibit a CAGR of 3.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Operating tables and lights are instruments that are used for surgical procedures in hospitals. They provide proper positioning of patients and optimal illumination during surgeries. Operating tables allow adjustment and positioning of patients according to surgical needs. Operating lights provide focused and shadow-less illumination at the surgical site. This helps surgeons perform surgeries efficiently and safely.

Market key trends:
One of the major trends in the operating tables and lights market is the integration of advanced technologies to enhance surgical workflow and outcomes. Companies are developing smart operating tables and lights integrated with IoT, AI, and machine learning capabilities. For instance, advanced operating tables allow real-time monitoring of vital parameters of patients and cameras that record procedures for future analysis. Similarly, smart operating lights have features like automated panning, tilting, and positioning controlled through voice commands or apps. This allows hands-free control over lighting during surgeries. Such smart technologies are enhancing safety, efficiency, and outcomes of surgical procedures.

Porter's Analysis

Threat of new entrants: The operating tables and lights market requires huge capital to enter and compete with established players. This gives advantage to existing players.

Bargaining power of buyers: Operating tables and lights are not frequently purchased items. Buyers have less bargaining power due to regulated prices and lack of substitute products.

Bargaining power of suppliers: Operating tables requires components from different suppliers. This gives buyers an advantage to negotiate prices with suppliers.

Threat of new substitutes: There are limited substitutes in operating tables and lights segment due to high technological requirements.

Competitive rivalry: Intense due to presence of major global players continuously investing in R&D to develop innovative products.

SWOT Analysis

Strength: Operating tables provide precision, improved safety and comfort for specialized surgeries. Lights offer optimal illumination and shadow-free viewing during procedures

Weakness: High costs associated with purchase and maintenance of tables and lights. Require skilled personnel for operation.

Opportunity: Increasing number of complex surgeries, hospitals in developing nations provide scope to expand. Growing geriatric population fuels demand.

Threats: Economic slowdowns can impact capital expenditure of hospitals. Stringent regulatory approvals delay new product launches.

Key Takeaways

Global Operating Tables And Lights Market Demand is expected to witness high growth of 3.9% CAGR over the forecast period, due to increasing number of surgical procedures worldwide. The market size for 2023 is estimated at US$ 1491.9 Mn.

North America dominates the market currently owing to availability of advanced healthcare infrastructure and rising obesity rates driving bariatric surgeries in the US and Canada. Asia Pacific expected to grow the fastest at 4.5% CAGR due to healthcare investments and growing medical tourism in China, India and Southeast Asian countries.

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, Alvo Medical Sp. z o.o., Famed Zywiec Sp. z o.o., Heal Force, OPT Surgisystems S.R.L. (TKB Group), Medifa-hesse GmbH & Co. KG, UFSK-International OSYS GmbH, Taicang Kanghui Technology Development Co., Ltd, Ningbo Techart Medical Equipment Co., Ltd., Fazzini SRL, Lojer Oy

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