Press release
Back Table and Cart Covers Market Demand Forecast Analysis by Emerging Growth Factors and Revenue
Transparency Market Research (TMR) has published a new report on the back table and cart covers market for the forecast period of 2019–2027. According to the report, the global back table and cart covers market was valued at ~US$ 720 Mn in 2018, and is projected to expand at a CAGR of ~3% from 2019 to 2027.back table and cart covers market infographic
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Back Table and Cart Covers Market: Overview
The global back table and cart covers market is anticipated to be driven by a rise in the global geriatric population, coupled with an increase in the number of surgeries and a surge in the awareness about hospital-acquired infections.
Europe accounted for a prominent share of the global back table and cart covers market in 2018, due to the increasing number of operation theater facilities, rising incidence of various types of hospital-acquired infections, and rapid adoption of technologically-advanced products.
The back table and cart covers market in Asia Pacific is expected to expand at a high CAGR of ~4% from 2019 to 2027, due to the rise in related awareness, adoption of expansion strategies, and new product launches.
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Rise in Global Geriatric Population Coupled with Increase in Number of Surgeries to Propel Market
Rise in the geriatric population directly boosts the development of back table and cart covers. This is primarily because the geriatric population is highly susceptible to chronic diseases, and is likely to undergo different surgeries.
Increase in the global population aged over 65 years would positively impact the back table and cart covers market. According to the 2016 report by the U.S. Census Board, people older than 60 years represented nearly 18% of the total population; this percentage is projected to increase to 21% by 2030.
Rise in the number of surgeries propels the demand for back table and cart covers in the U.S. According to CDC, 32% of all live births in the country were cesarean deliveries.
Increase in injury cases is also a key reason for the high demand for back table and cart covers. Road accidents have increased considerably in the U.S. Over 31,000 people are killed in road accidents in the U.S. each year.
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Back Table Covers Have High Demand
In terms of product, the global back table and cart covers market has been classified into back table covers and cart covers.
The back table covers segment dominated the global back table and cart covers market in 2018. The segment is anticipated to lose market share during the forecast period. A large number of patients are affected by healthcare-associated infections, globally, each year, and an increase in number of surgical procedures fuels the demand for back table covers in order to prevent healthcare-associated infections. This is expected to fuel the back table covers segment in the back table and cart covers market.
Moreover, an increase in the demand for back table covers to prevent bacterial, fungal, and other infections is a major factor that is likely to boost the segment in the back table and cart covers market.
Disposable Covers to be Highly Attractive
In terms of usage, the global back table and cart covers market has been classified into disposable covers and reusable covers.
The disposable covers segment dominated the global back table and cart covers market in 2018. Increase in the awareness about health & hygiene, sterile environment during operating room procedures, and prevention of HAIs and SSIs are major factors driving the segment in the back table and cart covers market.
Additionally, increase in the use of disposable covers in hospitals, nursing homes, and specialty clinics; technological advancements; adoption of minimally-invasive surgeries; better reimbursement scenarios; and the presence of key players are other factors propelling the segment in the back table and cart covers market.
Hospitals & Diagnostic Centers to be Lucrative End Users
Based on end user, the global back table and cart covers market has been segmented into hospitals & diagnostic centers, academic & research institutes, and others.
The hospitals & diagnostic centers segment dominated the global back table and cart covers market in 2018. This is due to an increase in the number of multi-specialty hospitals, globally. According to the American Hospital Association, the total number of registered hospitals in the U.S. are nearly 6,000.
Additionally, increase in the number of surgeries at hospitals & ambulatory surgical centers and diagnostic centers across the global is a key factor driving the hospitals & diagnostic centers segment in the back table and cart covers market.
Europe Prominent in the Global Market; Asia Pacific to Offer High Incremental Opportunity
In terms of region, the global back table and cart covers market has been classified into North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Europe is anticipated to account for a leading share of the global back table and cart covers market during the forecast period, owing to an increase in the number of patients suffering from hospital-acquired infections. According to European Centre for Disease Prevention and Control, approximately 4,100,000 patients are estimated to acquire healthcare-associated infection in Europe, every year.
Moreover, the presence of major players and early adoption of new products boost the back table and cart covers market in Europe.
The back table and cart covers market in Asia Pacific is projected to expand at a rapid pace in the next few years. India, China, and South Korea are expected to be highly lucrative markets for back table and cart covers in the near future. China is likely to maintain its dominance of the back table and cart covers market in Asia Pacific during the forecast period, owing to an increase in the number of hospitals due to the rising number of surgical procedures such as spine surgeries, neurosurgeries, general surgeries, and wound-related surgeries, which, in turn, boosts the back table & cart covers market in China. According Organisation for Economic Co-operation and Development (OECD), there are around 20,000 registered hospitals in China.
Growth Strategies of Key Players in Global Back Table and Cart Covers Market
Major players operating in the global back table and cart covers market include 3M, Cardinal Health, Medline Industries, Inc., Halyard Health, SW Med-Source, David Scott Company, Lac-Mac Limited, TIDI Products, LLC (RoundTable Healthcare Partners), and Ansell Healthcare LLC.
Companies operating in the global back table and cart covers market engage in research and development, as well as strategic collaborations and partnerships for new product launches to expand their product offerings and customer base.
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Global Back Table and Cart Covers Market: Segmentation
Back Table and Cart Covers Market by Product
Back Table Covers
Cart Covers
Back Table and Cart Covers Market by Usage
Disposable Covers
Reusable Covers
Back Table and Cart Covers Market by End User
Hospitals & Diagnostic Centers
Academic & Research Institutes
Others
Back Table and Cart Covers Market by Region
North AmericaU.S.
Canada
Rest of North America
EuropeGermany
U.K.
France
Russia
Rest of Europe
Asia PacificChina
India
Japan
Rest of Asia Pacific
Middle East & Africa (MEA)GCC
South Africa
Rest of Middle East & Africa
South AmericaBrazil
Rest of South America
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https://www.biospace.com/article/shoulder-replacement-market-growing-patients-for-reverse-shoulder-arthroplasty-add-sizable-revenues/
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