Composite Surgical Tables Market is Forecasted to Reach US$ 537 million in 2030, Says Stratview Research

The global composite surgical tables market is projected to witness a growth rate of 5.0% annually from 2024 to 2030, with an anticipated size of US$ 537 million by 2030, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global composite surgical tables market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2030: US$ 537 million
Growth (CAGR): 5.0% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 4
Number of Tables & Graphs: 100+

Segment Insights on the Composite Surgical Tables Market:
The global composite surgical tables market is segmented based on surgery type, technology type, end-user type, and region.

Based on surgery type - The market is segmented into general surgery table and specialty surgery table. General surgery is expected to remain dominant whereas specialty surgery is estimated to be the fastest-growing surgery of the market during the forecast period.
The rise in general surgeries worldwide which are commonly and widely performed such as ENT surgeries, gynecological surgeries, and others is one of the key drivers for general surgical tables. Moreover, general surgical tables are a relatively economical choice for healthcare facilities, as they are comparatively cost-effective. A rise in demand for specialty procedures such as orthopedic surgeries, neurological surgeries, and spine surgeries, is likely to fuel the demand for specialty surgery tables.
Specialty surgery requires different surgical approaches regarding patient positioning, specific design based on surgery, and flexibility to perform complex procedures by medical experts. They also provide better patient comfort with improved features and designs.

Based on the technology type - The market is segmented into manual surgical tables and powered surgical tables. Powered surgical table is expected to offer lucrative growth opportunities in the market during the forecast period. Powered tables offer a high level of flexibility and maneuverability, enabling ease for the patient as well as the medical staff.
Powered tables minimize the risk of complications such as pressure sores and nerve damage as they can be positioned to reduce pressure on vulnerable areas of the body, ensuring patient safety and comfort. Other benefits of using powered tables include improved features in offering different modes such as tilt, traverse, sliding, and others, and better patient movements. Manual table is affordable and cost-effective. These tables are less flexible providing medical experts with limited opportunity for patient movement as required during procedures.

Based on the end-user type - The market is segmented into hospitals and ambulatory surgical centers. Hospitals are expected to generate a significantly higher demand for surgical tables by 2030. A wide range of surgical procedures, from routine to complex surgeries across various specialties, are performed in hospitals. The sheer volume of surgeries conducted in hospitals generates a consistent demand for surgical tables.
As compared to ambulatory surgical centers and other healthcare facilities, hospitals typically have larger infrastructure and resources. They are better equipped to handle a wide range of surgical procedures and invest in a comprehensive array of surgical equipment, including surgical tables.

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is expected to remain the largest market for composite surgical tables during 2024-2030. This growth outlook is majorly attributed to the following-
- Key driving forces: A steady increase in the number of surgical procedures performed each year due to factors such as an aging population, increasing prevalence of chronic diseases, and advancements in medical technology.
- Strong presence of leading players, distributors, and other stakeholders in the North American region ensures a robust supply chain and easy access to a wide range of products, contributing to steady growth.
- Globally, a staggering 310 million major surgeries are performed each year: >50 million in the USA and ~20 million in Europe.
- In terms of countries, the USA is expected to remain the largest market throughout the study period. China and India to remain the thrust-bearers of the market during 2024-2030.
- The presence of a large patient pool in Asia-Pacific is anticipated to foster the region's growth. There has been a considerable increase in the number of surgeries being performed in the region, owing to a rise in the prevalence of chronic diseases. In addition, increasing healthcare expenditure in China and Japan is expected to drive the demand in the foreseeable future.

Composite Surgical Tables Market Drivers:

Some of the key drivers listed in the report are given below.
- The rising geriatric population, increasing prevalence of chronic diseases, and increasing incidences of surgeries across the globe.
- Improvement in healthcare facilities across the globe has led to the introduction of modern, advanced, and technologically enabled surgical tables, and demand for the adoption of surgical tables with new modalities.
- The increasing aging population worldwide and the rising number of hospital admissions by geriatric patients, specifically those suffering from end-stage chronic diseases that involve surgical treatment: According to UNFPA data, the global share of people aged 65 and over has nearly doubled from 5.5% in 1974 to 10.3% in 2024. This figure is projected to reach 20.7% by 2074, with the number of those aged 80 and over more than tripling.
- Increasing number of surgeries: A new study presented at the 2023 Annual Meeting of the American Academy of Orthopaedic Surgeons (AAOS) found that, based on projection models, orthopedic surgeons will need to either double their total joint arthroplasty (TJA) caseload or increase the number of surgeons by 10% every five years to meet demand.
- Increasing healthcare spending: According to WHO, global spending on health continued to increase in 2021, the second year of the pandemic, to US$ 9.8 trillion (10.3% of global GDP).
- Need for replacement of old and outdated surgery tables: Surgery tables or operating theater tables can typically last for 10 to 15 years. For traditional tables, spare parts may even become obsolete in a few years, thus making it nearly impossible to repair them. The dire need to replace outdated and traditional surgical tables with newer, advanced, and more efficient surgical tables is also likely to augment the long-term demand.

Top Companies in the Composite Surgical Tables Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Baxter International Inc. (HillRom)
• Composite Horizons LLC
• Getinge Group
• Mizuho Medical Co. Ltd.
• Skytron LLC
• Steris Corporation
• Stille AB
• Stryker Corporation
• Surgical Table Inc.

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Composite Surgical Tables Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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This release was published on openPR.