Surgical Table Market 2021 By Top Trends, Revenue & Growth Forecast To 2025
The surgical table market is expected to witness record growth given to the presence of large geriatric population base and an increase in number of surgical procedures being conducted globally. Changing urban lifestyle and unhealthy eating habits have elevated cases of diseases like CVD and obesity. These diseases are also prominent among elderly population. As per the National Institute of Health, the global elderly population (aged above 65 years) is expected to grow from 126.5 million in 2015 to 446.6 million in 2050.
Mounting patient population could drive the requirement for various surgical procedures across healthcare facilities such as ambulatory surgical services and hospitals, consequently sparking the demand for surgical tables. At present, numerous surgical tables are available in the market, designed for supporting a range of surgical procedures. Key industry players operating in the global surgical table market are Stryker, Getinge, Hill-Rom, Mizuho, Steris, Skytron Corporation and Stille, AMTAI Medical Equipment.
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As per a new research report published by the GMI, the surgical table market will reach over USD 1.9 billion by 2025.
Underlining some of the key trends emerging in surgical table industry:
1) Favorable initiatives by federal governments
Governments across world are backing support for endorsing new R&D initiatives in the healthcare sector. Development of healthcare equipment like surgical tables could accelerate drive such federal initiatives. However, high purchase cost of composite surgical tables and low adoption rate of sophisticated surgical tables in the developing economies could hamper market growth in the coming future.
2) Powered surgical tables gaining impetus
Powered surgical tables make it easy to move patients smoothly and precisely during surgical procedures. The equipment has gained prominence in hospitals and surgical centers as it is used preferably in multispecialty hospitals and ambulatory surgical centers. Owing to the effectiveness of the power surgical table, the market is expected to witness huge growth in the coming future. The powered surgical table market held for over 35% market share in 2018, and is projected to witness extensive growth during the estimated period.
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3) Investments in the U.S. healthcare sector
The U.S. dominated the global surgical table market share in 2018, and is projected to expand at a CAGR of 3.6% over the forthcoming years. The region owns a well-developed healthcare infrastructure. Factors like growing geriatric population base, rising healthcare spending, and increasing funding by surgical table manufacturing firms should drive the demand for surgical tables in the U.S.