MarketResearchFuture.com adds “Operating Table Parts Market – 2018 Global Analysis, Growth, Trends and Opportunities Research Report forecasting to 2023” reports to its database.
An operating table or surgical table stabilizes patient’s position by providing an elevated supporting surface for the patient’s body during various surgical procedures. This gives optimal exposure for the surgical field. Various types of operation tables along with a variety of accessories are available in the market, enabling the healthcare service providers to achieve desired level customization for high accuracy and proficiency. Increasing number of surgeries including bariatric surgeries, orthopedic surgeries, urology surgeries, and others is the major deriver for market growth during the forecast period. According to the American Society for Metabolic and Bariatric Surgery the number of the bariatric surgeries have increased from 193,000 in 2014 to 216,000 in 2016. Moreover, growing obese & geriatric population and favorable reimbursement policies boost the market growth. As per the World Health Organization by 2050, about 80% of the world’s geriatric population is estimated to be living in low and middle-income countries. Additionally, according to American Hospital Association in 2015, Medicare reimbursed 88 % and Medicaid reimbursed 90 % for every dollar hospitals spent caring for the patients. However, factors such as high therapeutic surgery cost and related side effects, and the high cost of operating tables are estimated to restrain the market growth during the forecast period. It is estimated that the basic and standard orthopedic tables cost ranges from USD 70,000 to USD 80,000.
Increasing number of surgeries including bariatric surgeries, orthopedic surgeries, urology surgeries, and other, growing obese & geriatric population and favorable reimbursement policies drives the growth of global operating table parts market during the forecast period. However, factors such as high therapeutic surgery cost and related side effects, and the high cost of operating tables are projected to restrain the market growth.
Figure 1- Global Operating Table Parts Market Share, by Region:
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The key players for the global operating table parts market are Hill-Rom Holdings, Inc., AGA SANITÄTSARTIKEL GMBH, Alvo, Denyers International Pty, Merivaara, Mizuho OSI, Lojer Group, Siemens AG, STERIS plc., SKYTRON, Stryker, Getinge AB, Mindray, Berchtold GmbH & Co. KG, Eschmann Holdings Ltd, Akrus, Oricare, Medifa-Hesse, OPT SurgiSystems, NUOVA BN, and others.
The Americas dominates the global operating table parts market due to favorable reimbursement policies and a well-developed healthcare sector. Apart from this, changing lifestyle and increasing healthcare expenditure boosts the market within the Americas.
Followed by the Americas, Europe stands second in the global operating table parts market. This can be attributed due to increasing number of surgeries and government support for research & development within the region. According to the Royal College of Surgeons of England, 4,941 general, 1,475 urology, and 5,071 trauma & orthopedic surgeries were performed in 2013/2014. Moreover, growing obese population boosts the market growth. On a regional basis, Europe is divided into Western Europe and Eastern Europe. Western Europe leads the market in the developed economies like Italy, U.K, France, and others.
Asia Pacific is estimated to be the fastest growing region due to increasing number of therapeutic surgeries, growing the geriatric and obese population, and continuously developing economies like India, China, and Australia. According to the Economic and Social Commission for Asia and the Pacific, in 2016 about 12.4% of the population within the region aged 60 or more. This geriatric population is expected to reach 1.3 billion by 2050.
On the other hand, the Middle East & Africa has the least share in the global operating table parts market. This can be attributed due to the presence of poor economy, lack of healthcare services and stringent government policies, especially within the Africa region. A majority of the market of the Middle East & Africa is estimated to be held by the Middle East due to a well-developed healthcare sector and huge healthcare expenditure. According to a study published in the Medical Devices journal in 2014, approximately 75% of healthcare expenditure was publicly funded through the respective ministries of health within the GCC (Gulf Cooperation Council) region.
Global Operating Table Parts Market:
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The global operating table parts market is segmented on the basis of product type, procedure, accessory, and end user.
On the basis of the product type, the market is segmented into general surgical tables, specialty surgery table. The specialty surgery table segment is sub-segmented into orthopedic surgery table, neurological operating table, urology and cysto tables, and others. On the basis of the procedure, the market is categorized into anesthesia, orthopedic, neurology, urology, ophthalmic/ENT, and others. On the basis of the accessory, the market is segmented into standard accessory and patient supports. The standard accessory segment is sub-segmented into clamps & sockets, restraint straps, anesthesia aids, accessory cart, general, and others. The patient supports segment is sub-segmented into body supports, leg supports, tabletop extensions, and others. On the basis of the end user, the market is segmented into hospitals, clinics, ambulatory surgical center, and others.
What makes our report unique?
1) An extensive research study on the Global Operating Table Parts market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the Operating Table Parts market.
2) We provide you the longest possible market segmentation based on type of products, procedures and geography and describe the market share region wise.
3) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.
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