Global surgical table market is predicted to cross US $1.9 billion by the year 2025, according to the latest research available at Market Study Report LLC, report provides complete overview of surgical table Market considering all the major Industry trends, market dynamics and competitive scenario.
As the population of elderly is increasing around the globe, the number of surgical operations is also increasing, thereby stimulating the growth of surgical table market. The National Institute of Health estimated that the global geriatric population will increase to 446.6 million in 2050 from 126.5 million in 2015 which will fuel the demand for the surgical table.
Growing concerns about desk-bound lifestyle and increasing expenditure on healthcare is giving rise to a number of ambulatory surgical centers and hospitals. Recent technological advancements have added importance and enhanced the role of surgical tables in surgical procedures. These factors along with the availability of various types of surgical tables for better medical outcomes will bolster the market growth.
According to the report, the initiatives taken by the government and rising R&D for developing better surgical tables will help the market to prosper. Yet, the surgical table market growth is expected to be hampered by high cost of composite tables and reluctance of developing nations to adopt sophisticated surgical tables, cites the report.
Based on the technology spectrum, the powered segment contributed significant market share of 35% in 2018 and is expected to observe consistent growth over the forecast period, owing to its ability to provide precise and smooth movement during the surgery. This feature makes it ideal for usage in ambulatory centers and multi-specialty hospitals. On the other hand, in the coming years manual surgical tables market will be driven by the cost-effectiveness of these tables.
Considering the end-use backdrop of surgical table market, which includes hospitals and ambulatory surgical center, the former dominated the market with 75% share in 2018. The hospital segment is presumed to continue this trend over the forecast period owing to its large capacity and ability to undertake more surgeries.
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In terms of regional contribution, the United States led the global surgical table market in 2018 and is projected to grow at 3.6% CAGR by 2025, owing to the increasing geriatric population, surging medical expenditure, improved healthcare infrastructure, and higher investments by product manufacturers, cites the report.
Moreover, the European region was dominated by Germany surgical table market in 2018 and is expected to witness growth at the rate 4.4% over the forecast period owing to growing instances of orthopedic and cardiovascular disorders, growing populace of baby boomers, and adoption of high-tech procedures.
The key contenders of the surgical table market comprise of Stille, Skytron Corporation, Hill-Rom, Getinge, AMTAI Medical Equipment, Mizuho, Stryker, and Steris.