The surgical tables market was valued at USD 840 million in 2020, and it is expected to reach USD 1,025 million by 2026, registering a CAGR of 3.2% during the forecast period.
The pandemic has had ramifications for ways of working, of various surgical procedures. There are strict guidelines specific to each specialty that has to be implemented and followed, for surgeons to be able to continue to provide safe and effective care to their patients during the COVID-19 pandemic. The volume of surgeries has significantly declined during the pandemic, owing to the stringent guidelines by the regulatory authorities to avoid all non-emergent surgeries. This is going to impact the procurement of surgical tables for these surgical centers.
The major factor attributing to the growth of the market is the rising number of surgeries across the globe. This is due to the increasing trauma and injury cases across the globe. According to the Centers for Disease Control and Prevention, unintentional injury accounted for 167,127 in 2018, and the number of deaths due to traffic accidents was reported to be 37,991 in the United States in the same year. According to the same data, 39.5 million physician visits and 29.4 million emergency department visits occurred in the United States in 2017. Moreover, the rising burden of chronic disease across the globe is also one of the major factors increasing the demand for surgical tables, as end-stage chronic diseases generally demand surgery. As per Dementia Australia, approximately 459,000 Australians were living with dementia in 2020, and almost 1.6 million Australians were involved in their center for care. It is estimated that the number of people with dementia is expected to upsurge to 1.1 million by 2058, and dementia will become the second leading cause of death in the country in the next five years. Chronic diseases, such as cancer, diabetes, hypertension, stroke, heart disease, respiratory diseases, arthritis, obesity, ocular disorders, etc., are often accompanied by various surgical procedures over the life span of the individual. As per OECD, the total number of coronary heart bypass graft procedures performed in 2018 were 45,307 in Germany, 20,324 in Canada, 19,006 in France, 20,411 in Italy, and 15,818 in the United Kingdom. The growing number of procedures implies more attention toward the facilities available inside the operation theatre rooms. Thus, the importance and demand for surgical tables continue to grow steadily.
Furthermore, the growing preference toward minimally invasive surgeries and the growth of ambulatory surgery centers are few other major factors for the market growth. Rising investments in surgical instruments by hospitals are boosting the market. However, the lack of skilled labor is the major drawback of market growth.
Key Market Trends
General Surgical Table is Expected to Hold the Largest Market Share Over the Forecast Period
General surgeries, including cardiovascular, gastroenterology, ENT, orthopedic, and gynecology, are some of the most common general surgeries. As per the Surgical Operations and Procedures Statistics by the European Commission in 2018, Cataract surgery was the most common surgical procedure performed in Europe and accounted for 1,094.3 surgeries per 100,000 population in Belgium, 1,049.4 surgeries per 100,000 population in Germany, and 1,342.1 surgeries per 100,000 population in France. Owing to the high penetration of general surgeries in the market, the demand for general surgical tables is also high. General surgical tables are the ones on which a patient lies down during a surgical procedure. Their demand is higher than the specialty tables, as the special ones are used only in very few cases in very few hospitals. Therefore, as the number of surgeries increases, the market growth also expands. Technological advancements and novel products in these surgical tables are some of the major reasons propelling the market growth. For instance, in May 2019, Getinge launched the Maquet Yuno II surgical table, which the company touts as a versatile option to support advanced orthopedic techniques in the United States market.
Moreover, the integration of operating rooms with imaging modalities such as CT scan, MRI, X-ray, and other imaging systems are not only helping in the advancement of the operating but have also helped the operating room to grow. In March 2019, GE Healthcare announced investments in and collaborations with CMR Surgical Ltd., Decision Health, and Formlabs, companies specializing in surgical robotics and surgical instruments. These collaborations are helping the operation to grow, thus increasing the procurement of surgical tables.
North America Dominates the Market and Expected to do Same in the Forecast Period
North America is expected to dominate the surgical tables market over the forecast period. The positive reimbursement situation in the United States, the increasing inclination of minimally invasive surgeries, and the soaring number of surgeries are the major factors driving the growth of the surgical tables market in North America. For instance, according to the Association for the Advancement of Medical Instrumentation, the number of ambulatory surgery centers (ASCs) in the United States is growing, as the number of procedures these outpatient centers perform is increasing. The number of ASCs in the United States nearly doubled from 5,260 centers in 2013 to 9,280 in 2019. Furthermore, growing awareness among the population to approach surgical procedures in case of injuries and chronic disease problems are also driving the market growth. According to National Health Council, by the end of 2020, chronic diseases will affect approximately 157 million Americans, with 81 million having multiple conditions. Approximately half of all adults in America have a chronic condition, and over 8% of children aged 5 to 17 were reported by their parents to have limited activities because of at least one chronic disease or disability. This number is expected to increase in the future. Moreover, there is a huge presence of key players in the market in this region, owing to which the region is expected to propell at high growth rates.
The surgical tables market is moderately competitive and consists of several major players. Some of the companies which are currently dominating the market are Steris PLC, Skytron LLC, Stryker Corporation, Mizuho OSI, Getinge AB, Schaerer Medical USA Inc., NUVO Inc., Allengers Medical Systems Limited, Invacare Corp., Elekta AB, and Trumpf Medical.
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1.2 Scope of the Study
4.2 Market Drivers
4.2.1 Growing Number of Surgeries, Coupled with the Increasing Number of Ambulatory Surgical Centers
4.2.2 Technological Advancements in Operation Theatres
4.3 Market Restraints
4.3.1 High Cost of Composite Surgical Tables
4.3.2 Lack of Skilled Labor
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5.2 By Material
5.3 By End User
5.3.2 Ambulatory Surgical Centres
5.4.1 North America
220.127.116.11 United States
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
126.96.36.199 South Korea
188.8.131.52 Rest of Asia-Pacific
5.4.4 Middle-East and Africa
184.108.40.206 South Africa
220.127.116.11 Rest of Middle-East and Africa
5.4.5 South America
18.104.22.168 Rest of South America
6.1.1 Aga Sanitatsartikel Gmbh
6.1.2 Allengers Medical Systems Limited
6.1.3 Alvo Medical
6.1.4 Eschmann Holdings Ltd
6.1.5 Getinge AB
6.1.6 Merivaara Corp.
6.1.7 Mizuho OSI (MIZUHO Corporation)
6.1.8 NUVO Inc.
6.1.9 Schaerer Medical USA Inc. (Schaerer Mayfield Medical AG)
6.1.10 Skytron LLC
6.1.11 Staan Bio-Med Engineering Private Limited
6.1.12 Steris PLC
6.1.13 Stryker Corporation
6.1.14 Trumpf Medical (Hill-Rom Holdings Inc.)
A selection of companies mentioned in this report includes:
- Aga Sanitatsartikel Gmbh
- Allengers Medical Systems Limited
- Alvo Medical
- Eschmann Holdings Ltd
- Getinge AB
- Merivaara Corp.
- Mizuho OSI (MIZUHO Corporation)
- NUVO Inc.
- Schaerer Medical USA Inc. (Schaerer Mayfield Medical AG)
- Skytron LLC
- Staan Bio-Med Engineering Private Limited
- Steris PLC
- Stryker Corporation
- Trumpf Medical (Hill-Rom Holdings Inc.)