Research Nester released a report titled “Hydraulic Surgical Tables Market: Global Demand Analysis & Opportunity Outlook 2029″ which delivers detailed overview of the global hydraulic surgical tables market in terms of market segmentation by product type, end-user, and region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The hydraulic surgical tables market is projected to grow with a moderate CAGR during the forecast period, i.e., 2021-2029 on account of the rise in healthcare expenditure globally and the increasing investment in hydraulic surgical tables to support hybrid operating rooms.
The market is segmented by product type into general surgery tables, imaging tables, neurology tables, urology tables, orthopedic tables, and others. Among these segments, the general surgery tables’ segment is anticipated to hold the largest share by the end of 2021 in the hydraulic surgical tables market as a result of the higher greater demand for general surgeries than other surgeries. It is also gaining worldwide recognition for its cost-effectiveness.
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On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, out of which, the hydraulic surgical tables market in the Asia Pacific is projected to grow at the highest CAGR throughout the forecast period. Currently, the market in North America holds the largest share. This can be attributed to the developed healthcare infrastructure in the region, especially in the United States, along with the increasing geriatric population.
Rise in Healthcare Expenditure Globally and Increasing Investment in Hydraulic Surgical Tables to Drive Market Growth
According to the World Health Organization, it is estimated that the global health expenditure in 2017 was US$ 7.8 trillion, which was about 10% of the world’s GDP.
The global spending on health is rising considerably with the increase in income levels. It has been observed that the low- and middle-income countries are converging towards high levels of health expenditure. Additionally, the increasing investment in hydraulic surgical tables in recent years is also expected to boost the market growth in upcoming years.
However, the expensive cost and lack of skilled operators to handle hydraulic surgical tables are some of the factors that are estimated to restrain market growth in the near future.
This report also provides the existing competitive scenario of some of the key players of the global hydraulic surgical tables market which includes company profiling of Getinge, Hill-Rom Services, Inc., Skytron Corporation, Steris Corporation, Alvo Medical, Stille AB, BiHealthcare, Lojer Group, BRUMABA GmbH & Co. KG, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global hydraulic surgical tables market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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