Operating tables, also known as surgical tables, are an essential medical equipment used in hospitals and ambulatory surgical centers during surgeries. Operating tables offer adjustable features such as height, support and position to provide surgeons optimal visualization and access during surgeries. They are designed with electric, hydraulic or pneumatic controls to facilitate easy patient positioning and transfer. The growing prevalence of chronic diseases and number of surgeries being performed globally has boosted the demand for operating tables.
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 3.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity:
The growing demand for minimally invasive surgeries is expected to drive the growth of the operating table market over the forecast period. Minimally invasive surgeries are preferred over traditional open surgeries as they are less painful, lead to shorter hospital stay and faster recovery time. Operating tables suitable for minimum invasive surgeries offer high adjustability, flexing plates and overlays to provide optimal access and visualization to the surgeons during complex procedures. They also aid in better patient positioning and optimizing ergonomics for surgeons and operating room staff. With the rise in awareness about benefits of minimally invasive techniques and development of advanced medical technologies, their adoption is increasing significantly globally which will propel the demand for operating tables tailored for such surgeries.
Porter’s Analysis
Threat of new entrants: The operating table market requires substantial investment in R&D and manufacturing infrastructure which makes entry difficult for new players. Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of substitute products and established key players in the market. Bargaining power of suppliers: Suppliers have low to moderate bargaining power as there are many suppliers for raw materials used in manufacturing operating tables. Threat of new substitutes: Substitute threat is moderate as there are limited substitutes available for operating tables. Competitive rivalry: The operating table market is highly fragmented with many regional and global players competing for market share.
SWOT Analysis
Strengths: Operating tables offered are customized as per medical procedures and easy to clean, disinfect and maintain. Weaknesses: High costs associated with manufacturing and maintenance of technologically advanced operating tables. Opportunities: Growth in number of hospitals and surgical centers globally and rising surgical procedures drives the demand. Threats: Stringent regulatory approvals and compliance procedures delay new product launches.
Key Takeaways
The Global Operating Table Market Growth is expected to witness steady over the forecast period.
Regional analysis indicates North America dominates the market currently due to advanced healthcare infrastructure and increasing healthcare spending in the region. The market in Asia Pacific is expected to grow at the fastest pace during the forecast period supported by growing medical tourism industry and rising disposable incomes.
Key players operating in the operating table market are Polyclean Technologies Inc., Goverdhan Polygran Pvt. Ltd., Nidhi Enterprises, S.S.B Polymers & S.S.B Enterprises, The Shakti Plastic Industries, Dar AI Khaleej Plastics, GRM Polymer, Jai Shree Balaji Plastic, Kamal Polyplast, Mittal Polymers, Nahata Plastics, Navkar Industries, Amruta Plastic, Raza Traders, Vanshika Plastic Industry, Wiwat Plastic, and Xiamen Keyuan Plastic Co., Ltd. The major players focus on new product launches and strategic collaborations to gain competitive advantage in the market.
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