Surgical Table Market 2021 By Regional Statistics, CAGR, Trend & Growth Forecast To 2027
Category: #business  By Ronak Bora  Date: 2021-08-09
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Surgical Table Market 2021 By Regional Statistics, CAGR, Trend & Growth Forecast To 2027

Robust development of healthcare facilities including hospitals, clinics and surgical centers has been driving the surgical table market size. Increasing number of geriatric populations across the world has been positively supporting the expansion of healthcare facilities, which has in turn fueled demand for the surgical tables.

As per national institute of health, the global geriatric population (people of age above 65 years) is projected to reach nearby 446.6 million by 2050, from the older records of 126.5 million in 2015. The rising elderly population who are the primary consumers of the healthcare services will escalate demand for surgical tables in upcoming years.

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The rise in healthcare expenditure owing to the increasing per capita income across the globe is also expected to augment surgical table market growth. Rapid improvement in the healthcare technology has given rise to the increasing number of minimally invasive surgeries. This has resulted in the growing inclinations toward undergoing surgical procedures with faster healing period, which has further accelerated the surgical table market trends.

Furthermore, the increasing number of hospitals and surgical centers coupled with the unhealthy style of living among the masses is expected to boost the market expansion.

Surging number of R&D activities to enhance the usability of surgical table has led toward the development of wide product spectrum, which specifies different role and importance of surgical table pertaining to different types of surgeries. According to research study published by Global Market Insights, Inc., surgical table market size will surpass USD 1.9 billion by 2025.

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Powered surgical table market accounted for a substantial 35% of market share in 2018. This is because the product enables smooth movement of patient with high accuracy provided by the powered motor, which makes it crucial for the surgical procedures. Powered surgical table are ideal for usage across several multispecialty hospitals and ambulatory surgical centers. Growing investment to modernize healthcare establishments in order to enhance medical services is expected to boost the segment growth over the forecast timeframe.

The hospitals segment held over 75% market share in 2018, pertaining to the highest financial capability and the large volume of surgeries performed in hospital settings. Hospitals are a very large healthcare facilities in themselves as compared to the ambulatory surgical centers. They include multiple wards relating to individual medical conditions which results in the requirement of large number of specialty operation theatres.

Owing to the broad application field, the hospitals end use segment is expected to propel the overall product demand over the forecast timeline.

Sharp rise in the geriatric population in line with the well-developed healthcare infrastructure has been driving the U.S. surgical table market share. Increasing investments to modernize the hospital facilities and high affordability for healthcare services will support the regional growth. Owing to these favoring factors, in 2018, the U.S. surgical table market outperformed other regions in the global industry and is further anticipated to grow with a CAGR of over 3.6% during the forecast timeframe.

Partial Chapter of the Table of Content

Chapter 2.    Executive Summary

2.1. Surgical table industry 3600 synopsis, 2014 - 2025 (USD Million)

2.1.1. Business trends

2.1.2. Technology trends

2.1.3. Surgery type trends

2.1.4. Material trends

2.1.5. End-use trends

2.1.6. Regional trends

Chapter 3.    Surgical Table Industry Insights

3.1.   Industry segmentation

3.2.   Industry landscape, 2014 - 2025 (USD Million)

3.3.   Industry impact factors

3.3.1.  Growth drivers

3.3.1.1.  Growing healthcare expenditure

3.3.1.2.  Rising number of surgeries due to changing lifestyle

3.3.1.3.  Growing geriatric population in Asia Pacific and Latin America

3.3.1.4.  Increasing number of hospitals and ambulatory surgical centers

3.3.2.  Industry pitfalls & challenges

3.3.2.1.   High cost of composite surgical table

3.3.2.2.   Lack of skilled labour for operating sophisticated surgical tables in underdeveloped and developing regions

3.4.   Growth potential analysis

3.4.1.  By technology

3.4.2.  By surgery type

3.4.3.  By material

3.4.4.  By end-use

3.5.   Porter’s analysis

3.6.   Competitive landscape, 2018

3.6.1.    Strategy dashboard

3.7. PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/surgical-table-market

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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