Study 2019: Impressively growing Opportunities With Key Companies Stryker Corporation, Denyers International, Eschmann Equipment, Getinge Group, AB, Merivaara Oy

CoherentMarketInsights.com Publish a New Market Research Report On –“ Operating Table Market 2019 Global Analysis By Key Players – Hill-Rome Holdings, Inc., AGA Sanittsartikel GmbH, ALVO Medical sp. z o.o., Infimed, Inc., Stryker Corporation, Denyers International Pvt. Ltd., Eschmann Equipment, Getinge Group, AB, Merivaara Oy, Mizuho Corporation, Nuvo, Inc., Schaerer Medical AG, Skytron LLC, STERIS Corporation, medifa-hesse GmbH & Co. KG, and Stille AB. ”.

The global operating table market size was valued at US$ 864.3 million in 2017, and is expected to witness a CAGR of 4.3% over the forecast period (2018 – 2026).

Operating table is integral part of any surgical procedure, therefore according to research by Coherent Market Insights, with rising surgical needs worldwide, there would be proportionate increase in the operating table market. For instance, according to Lancet Commission for Global Surgery report in 2015, around 143 million surgical needs were left unmet, annually and around 5 billion people lacked access to safe and affordable surgical and anesthesia care. Such high need would expand the market for the operating table. The report further stated that 28-32% of the global burden of disease can be surgically treated. According to World Bank statistics, in 2012, around 4511 surgeries per 1, 00,000 population were operated worldwide, which is expected to increase to 5000 surgeries per 1,00,000 population by 2030.

The high rate of unmet surgical needs is significant in developing economies such as China, India, Brazil, South Africa, ASEAN and other prominent countries. According study published in World Journal of Surgery in 2014, developed countries receives 73.6% world surgeries while the low income counties receives only about 3.5%. However, rapid development of quality healthcare infrastructure in these regions is expected to increase the healthcare spending thereby creating positive prospects for surgical equipment such as operating table.

There is logical corollary innovation behind continuous growth of the operating table market, this is especially the case in developed regions such as North America and Europe that already have one of highest per capita expenditure and strong healthcare infrastructure.

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Several manufacturers of operating table are focused on launching innovative operating table, considering needs of all stakeholders in healthcare. For instance, in 2017, Hill-Rom launched TruSystem 3000 mobile operating table, which is a cost-effective, reliable and ergonomic handling operating table suitable for various surgical disciplines. Moreover, it can be customized for different surgical procedures due to availability of head sections, leg sections, arm supports and anesthesia frames, which are easy to attach and dismantle through an intuitive, easy-to-use, coupling system.

Furthermore, several companies are collaborating to introduce operating tables that target specific surgical needs. For instance, in November 2017, IMRIS and Hill-Rom’s— Trumpf Medical was approved by the U.S. Food and Drug Administration (FDA) as a new multi-functional operating room table, specifically designed for the IMRIS Surgical Theatre. This joint development integrates an IMRIS MR Neuro tabletop and Hill-Rom’s TruSystem 7500 Surgical Table platform with the IMRIS Surgical Theatre to support better patient treatment.

Moreover, according to the analysis by Coherent Market Insights, increase in number of geriatric population worldwide is expected to propel growth of the operating table market. Geriatric population suffers various conditions that require surgical intervention (arthroscopy, knee replacement, eye surgeries, palliative care, kidney transplant, and others.), which would contribute for high number of surgeries in these population. According to the World Population Prospects Report published in 2017, the worldwide population is advancing toward higher age group. In 2017, an estimated 962 million people were aged 60 or over, which comprised 13% of the population worldwide. Moreover, the number is expected to reach 1.3 billion by 2025, registering a growth of around 3%, annually.

Key players operating in the operating table market include, Hill-Rome Holdings, Inc., AGA Sanittsartikel GmbH, ALVO Medical sp. z o.o., Infimed, Inc., Stryker Corporation, Denyers International Pvt. Ltd., Eschmann Equipment, Getinge Group, AB, Merivaara Oy, Mizuho Corporation, Nuvo, Inc., Schaerer Medical AG, Skytron LLC, STERIS Corporation, medifa-hesse GmbH & Co. KG, and Stille AB.

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