Operating table: Key market research findings
- The Americas dominate the market geographically
- The non-powered operating table segment accounts for a majority of the market’s revenue
- Key vendors – Getinge, Hill-Rom, Skytron, STERIS, and Stryker
Technavio’s market research analysts predict the global operating table market to grow at a CAGR of around 4% between 2016 and 2020. The rise in collaboration and contract agreements is the primary driving force behind the growth of the market. Vendors in the market are forming strategic collaborations with manufacturers of advanced engineering solutions to increase the quality and efficiency of their products. For instance, in March 2013, Barco, a medical imaging expert, signed contract agreements with ten leading hospitals in Belgium and the Netherlands. During 2015, the global operating table market was dominated by the Americas with a market share of around 45%, with the US being a key revenue generator. An increase in the number of out-patient surgeries in ambulatory surgery centers, especially for MI surgeries that include endoscopy is spurring an increase in the demand for operating room surgical equipment like operating tables during the estimated period.
The new market research report from Technavio presents a breakdown and analysis of the operating table segments based on the technology.
“Hybrid operating tables are gaining considerable traction in the market currently. A hybrid operating table is integrated for free floating with tilt and cradle capabilities that are best suited for surgeries. These tables are mostly adopted by orthopedic surgeons, neurosurgeons, and general surgeons. This rise in the popularity and preference for hybrid operating tables is expected to fuel the demand for operating tables during the forecast period,” says Barath Palada, Lead Analyst, Healthcare & Lifesciences, Technavio Research.
In 2015, the non-powered operating tables segment accounted for almost 67% of the overall market revenue to become the key revenue generator in the global operating table market. Non-powered operating tables, or non-motorized operating tables, are mostly used for regular and surgical patients as the tables are lightweight as opposed to powered operating tables. They come in different variants, such as manually adjustable and non-operating tables, and requires clinicians to operate and move the table top and position the patients manually.
The key vendors in the global operating table market include Getinge, Hill-Rom, Skytron, STERIS, and Stryker. The global operating table market has immense potential owing to the increasing number and complexity of surgical procedures being performed worldwide. The vendors are holding their market position by developing higher quality and technologically advanced operating tables, electro-hydraulic and electric operating tables, and by providing end-to-end service. As the global players are increasing their footprint, local vendors are finding it difficult to compete with them, especially in terms of quality, features, and availability of operating tables.
A more detailed analysis is available in the Technavio report, Global Operating Table Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
