An operating table, also known as operating room table (OR table), is a table on which patients lie during surgical procedures. Modern operating tables are specially designed for comfort, flexibility, and safety of both patient and surgeons. They allow adjustable positions for the surgical team and help maximize exposure during procedures. Operating tables today come equipped with features such as adjustable leg supports, builtin retractors, electric motorization, X-ray compatibility, and integrated light and monitor mounts. Their motorized design enables easy maneuvering of patients into surgical positions without compromising safety or sterility.
The global Operating Table Market is estimated to be valued at US$ 1.5 Bn in 2023 and is expected to exhibit a CAGR of 7.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity:
The growing volume of surgical procedures globally presents a major market opportunity for operating tables. As healthcare infrastructure expands in developing countries and medical tourism rises across the world, the demand for advanced operating room equipment is witnessing strong growth. Furthermore, the integration of operating tables with nextgen technologies such as robotics, AR/VR, and AI has potential to revolutionize surgical workflows and significantly improve healthcare outcomes. Manufacturers focusing on innovative product launches leveraging these technologies can gain an edge in the highly competitive operating tables market.
Porter’s Analysis
Threat of new entrants: Low capital requirements for the entry but it is difficult to attain sufficient economies of scale and brand recognition against existing global players in this market segment. Bargaining power of buyers: Moderate level as the buyers have bargaining power from their large quantity orders for hospitals and healthcare centers. Bargaining power of suppliers: Low level as the key raw materials for operating table manufacturing is readily available and there are many suppliers. Threat of new substitutes: Low threat as operating table is the standard medical equipment required for surgeries with no close substitute available. Competitive rivalry: High level as the market is fragmented with presence of global as well as regional players competing on the basis of product pricing, quality and reliability.
SWOT Analysis
Strength: Operating table manufacturers offer customized product specifications as per hospital requirements. Manufacturers focus on continuous product innovation for better patient care. Weakness: High initial investment requirement for operating table manufacturing facilities. Dependence on import of few critical components increases overall cost. Opportunity: Growth prospects in emerging markets due to rising healthcare infrastructure and surgeries. Adoption of robotics assisted operating tables presents new growth opportunities. Threats: Stringent regulatory approvals and quality standards delays new product launch. Threat from refurbished and rented operating tables.
Key Takeaways
Global Operating Table Market Size is expected to witness high growth during the forecast period owing to increasing number of surgeries globally.
Regional Analysis: The North America region currently dominates the operating table market holding more than 35% of the overall market share in 2024 led by increasing healthcare expenditure and availability of advanced medical facilities in the US and Canada.
Key players operating in the operating table market are Avery Dennison, 3M, Henkel, UPM Raflatac, CCL Industries, WS Packaging Group, Constantia Flexibles, R.R. Donnelley & Sons, Mondi, Amcor, Seiko Holdings, Reflex Labels, Coveris Holdings, Lintec Corporation, Stickythings, Torraspapel Adestor, Polylabel, Multi-Color Corporation, Secura Labels, Etisoftware. Increased access to healthcare insurance is driving the demand for operating tables in Asia Pacific region with China and India being the major markets.
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