Operating tables and lights are vital medical equipment utilized in surgical procedures for providing proper illumination and comfortable surface for patients. Operating tables offer adjustable features for positioning patients along with integrated attributes like fluid-resistant tops and radiolucent panels. Operating lights provide shadow-free illumination required for surgeons during operations. The increasing number of surgeries and technical advancements in medical devices are expected to fuel demand for operating tables and lights globally.
The global operating tables and lights market is estimated to be valued at US$ 1718.67 Mn in 2024 and is expected to exhibit a CAGR of 4.6% over the forecast period from 2024 to 2031.
Key Takeaways
Key players operating in the Operating Tables and Lights Market Demand are Mueller Sports Medicine, Inc., DJO Global, LLC, ACE Brand, Tynor Orthotics Private Limited, 3M Science, Mava Sports, Bauerfeind AG, Breg, Inc., Ossur, Thuasne USA, Zimmer Biomet, Kao Chen Enterprise Co., Ltd, Øssur, Orthosys, Bauerfeind USA Inc., Orliman S.L.U., Steeper Inc., Beagle Orthopedic, Essity Medical Solutions, Bird & Cronin, LLC, Ottobock, Trulife, DeRoyal Industries, Inc., and Remington Medical Equipment.
The rising geriatric population and increasing incidence of chronic diseases are contributing to the growing number of surgical procedures globally. According to the United Nations, the global population aged 60 years and above is expected to reach 2.1 billion by 2050 from 962 million in 2017. This is expected to increase demand for operating tables and lights.
Geographical expansion into emerging nations across Asia Pacific, Latin America, and Middle East countries by key players will further aid the market growth over the forecast period. These regions have lower access to specialized medical equipment providing opportunities for companies to establish presence.
Market Key Trends
One of the key trends gaining traction is the increasing adoption of hybrid operating rooms equipped with advanced imaging and robotics technology. Hybrid operating rooms incorporate imaging modalities like CT or MRI along with operating room equipment to perform complex minimally-invasive surgeries. Manufacturers are focusing on developing compatible Operating Tables and Lights Market suitable for hybrid operating room setup. Another trend is the utilization of LED lighting technology offering advantages like durability, energy-efficiency, shadow-less illumination and adjustable lighting controls. LED operating lights are emerging as alternatives to traditional halogen lights commonly used.
Porter’s Analysis
Threat of new entrants: Low cost of production and availability of resources may attract new players to enter the market. However, presence of dominant players and need for approvals from regulatory bodies may deter new entrants.
Bargaining power of buyers: Presence of substitutes and large number of players gives buyers higher bargaining power in terms of price and quality.
Bargaining power of suppliers: Specialized components and strong intellectual property rights of few suppliers may give them higher bargaining power.
Threat of new substitutes: Advances in minimally invasive surgeries pose threat of substitutes to operating tables and lights.
Competitive rivalry: Presence of large multinational players intensifies competition in terms of innovation, quality and pricing.
Geographical Regions
North America dominates the market with around 30% value share owing to improved healthcare infrastructure and facilities. growing number of surgeries being conducted drives the demand.
Asia Pacific is fastest growing region for operating tables and lights market due to growing healthcare expenditure, increasing number of hospitals and improving access to healthcare in major countries like China and India. Rapidly developing healthcare sector propels the growth.
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1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it