According to our new market research study on “Operating Tables Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product and Distribution Channel,” the market is expected to reach US$ 1,043.41 million by 2028 from US$ 835.46 million in 2021; it is estimated to grow at a CAGR of 3.2% from 2021 to 2028. The report highlights the trends prevailing in the market along with the market drivers and deterrents. Factors such as the increasing number of hospitals and clinics and the surging number of surgical procedures drive the growth of the market. However, the high costs of technologically advanced operating tables hinder market growth.
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The hospital industry across the world is growing at a rapid pace. Although the average hospital stays for a single patient has been slightly decreased from 7 days to 5–6 days in the last couple of decades, the total number of hospital admissions has increased in the last 5–6 years. Moreover, according to the American Hospital Association, the total number of all hospitals in the US in 2019 was 6,090.
According to the Department of Industrial Policy and Promotion (DIPP), the hospital and diagnostic centers in India have attracted Foreign Direct Investments (FDIs) worth US$ 6 billion in the last couple of decades. According to the Ministry of Health and Family Welfare, the Government of India, India and Cuba signed a Memorandum of Understanding (MoU) to increase cooperation in the areas of health and medicine. Furthermore, a de-merger between Fortis Healthcare and Manipal Hospitals Enterprises has been carried out to raise US$ 602.41 million, which can be further invested to expand hospital infrastructure in Manipal Hospital Enterprise. The operating tables industry in India is booming owing to a few factors such as rising government and private sector investments, increasing geriatric population, and surging hospital count.
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Healthcare systems are overburdened owing to the COVID-19 outbreak pandemic, and the delivery of medical care to all patients has become a challenge worldwide. In addition, the medical device industry is witnessing a negative impact of the pandemic. As the COVID-19 pandemic continues to unfold, medical device companies are finding difficulties in managing their operations. Many companies offering operating tables have their business operations in the US. The outbreak has adversely affected their businesses owing to the restriction on the distribution of products and the temporary closure of companies’ facilities. However, gradually hospitals have started resuming elective procedures as the COVID-19 recovery rate is increasing. This factor is propelling the demand for medical equipment, such as operating tables, which is expected to bolster the market growth in the coming years.
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Hospitals are known to amplify the effectiveness and quality of healthcare. Moreover, the World Health Organization (WHO) states that hospitals are an essential part of health system development. This has drawn the attention of Health Ministries in multiple countries to focus on improving the healthcare infrastructure and establish a hospital and clinical facilities in rural and urban areas. For instance, in November 2017, Japan’s Health Ministry made free access to healthcare centers available in the country through the establishment of new hospitals. Thus, the rising number of hospitals and clinics across the world boosts the growth of the operating tables market.
Based on product type, the global operating tables market is segmented into general surgery tables, specialty surgery tables, radiolucent operating tables, and pediatric operating tables. The market for the specialty surgery tables segment is sub segmented into orthopedic surgery, neurosurgical, laparoscopic, and bariatric surgery. In 2020, the general surgery tables segment held the largest market share. However, the specialty surgery tables segment is expected to register the highest CAGR in the market during 2021–2028.
A general surgical table is designed for versatility and adaptability across a wide array of operations. The table can be adjusted for height and length as well as can be tilted to either side. The rising burden of chronic diseases is one of the major factors propelling the demand for operating tables across the world.
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