The Operating Tables And Lights Market is estimated to be valued at US$ 1491.9 Mn in 2023 and is expected to exhibit a CAGR of 3.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Operating tables and lights are used in operating rooms during surgery procedures. Operating tables are motorized tables that provide flexibility to position patients based on the type of surgery. These tables allow adjustable back, leg, and arm sections. Operating lights provide focused illumination of the surgical site and shadows are eliminated allowing better visualization during delicate procedures. Technological advancements have enabled features such as adjustable intensity, shadowless illumination, and versatile arm positioning in operating lights.
Market Dynamics:
Growing prevalence of chronic diseases and rising number of surgeries are the major drivers for operating tables and lights market. As per the data by Organization for Economic Co-operation and Development (OECD), cardiovascular diseases remain the leading cause of mortality globally, taking an estimated 17.9 million lives each year. In addition, the World Health Organization estimates that chronic disease mortality will increase by 57% globally between 2020 and 2030. This growing disease burden will necessitate more surgical procedures, thus driving demand for operating tables and lights. Furthermore, increasing investments in healthcare infrastructure development especially in emerging economies will augment the number of operating rooms worldwide thereby propelling the market growth over the forecast period.
Segment Analysis
The operating tables and lights market is dominated by the general operating tables segment. This segment held around 60% share of the global market in 2023 due to factors such as high adoption rate in surgeries of multiple specialties like general surgery, neurosurgery, orthopedic surgery, etc. due to their compatibility with all types of surgeries. The segment is expected to continue dominating over the forecast period as well.
PEST Analysis
Political: The government policies supporting healthcare infrastructure development and modernization of medical equipment are driving the market growth. Various initiatives towards digital healthcare are also fueling adoption of advanced operating tables and lights.
Economic: Rising disposable income levels and growing medical tourism are positively impacting the market. However, high initial installation costs of premium operating tables and lights can restrain the market to some extent.
Social: Increasing incidence of chronic diseases, accidents, and other health issues are raising the need for surgeries, propelling the demand for operating tables and lights. Growing health awareness is also contributing to the market growth.
Technological: Advanced features like integrated radiolucent carbon fiber tables, motorized control systems, LED/xenon based lighting systems are gaining popularity. Integration of IoT-enabled capabilities is further enhancing functionalities.
Key Takeaways
Global Operating Tables And Lights Market Demand is expected to witness high growth, exhibiting CAGR of 3.9% over the forecast period, due to increasing prevalence of chronic diseases and road accidents worldwide. The market was valued at US$ 1491.9 Mn in 2023 and is projected to reach over US$ 2000 Mn by 2030.
Regional analysis
North America dominated the global market and accounted for over 30% share in 2023 due to growing geriatric population, high healthcare spending, and increasing adoption of advanced medical technologies in the region. Asia Pacific is anticipated to witness the fastest growth over the forecast period backed by rising medical tourism, growing healthcare infrastructure, and surging demand for quality healthcare in emerging countries like China and India.
Key players
Key players operating in the operating tables and lights market are Siemens AG, Dragerwerk AG & Co. KGaA, Getinge AB, GE Healthcare, Hill-Rom Holdings, Inc., KARL STORZ GmbH & Co. KG, Mizuho OSI, Koninklijke Philips N.V., STERIS Corporation, Stryker Corporation, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., BenQ Medical Technology, Mediland Enterprise Corporation, Alvo Medical Sp. z o.o., Famed Zywiec Sp. z o.o., Heal Force, OPT Surgisystems S.R.L. (TKB Group), Medifa-hesse GmbH & Co. KG, UFSK-International OSYS GmbH, Taicang Kanghui Technology Development Co., Ltd, Ningbo Techart Medical Equipment Co., Ltd., Fazzini SRL, Lojer Oy, and AGA Sanitaetsartikel GmbH
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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