Market Trends of Surgical Tables Industry
General Surgical Table is Expected to Witness Strong Growth Over the Forecast Period
- General surgeries, including cardiovascular, gastroenterology, ENT, orthopedic, and gynecology, are some of the most common general surgeries. Owing to the high penetration of general surgeries in the market, the demand for general surgical tables is also high. General surgical tables are the ones on which a patient lies down during a surgical procedure. Their demand is higher than the specialty tables, as the special ones are used only in very few cases in very few hospitals. Therefore, as the number of surgeries increases, the market growth also expands.
- Research studies are another factor in market growth. For instance, as per the data from the CARES Report 2021, 97.6% of adults and 2.4% of children were reported with out-of-hospital cardiac arrest in 2021 in the United States, and the median age of Oklahoma Health Care Authority (OHCA) is considered to be 64 years. Hence, to cope with the rising prevalence of cardiac complications globally, early diagnosis of risk factors associated with cardiac arrest is being broadly carried out across the globe, which is fueling the market growth. Thus, the rising demand for surgeries around the world will drive the growth of the segment during the forecast period.
- Technological advancements and novel products in these surgical tables are some of the major factors propelling the market growth. For instance, in October 2021, Stille AB entered an exclusive collaboration with GE Healthcare for a new general surgery table in the United States. The new general surgery table, GS2, has been developed to address a growing need for a premium general surgery table that satisfies the needs of multi-disciplinary surgery units such as ambulatory surgery centers (ASC) while providing a cost-effective, high-value solution.
- Hence, due to the above-mentioned factors, the market is likely to grow in the future.
North America Dominates the Market and Expected to do Same in the Forecast Period
North America is expected to dominate the surgical tables market over the forecast period. The positive reimbursement situation in the United States, the increasing inclination toward minimally invasive surgeries, and the soaring number of surgeries are the major factors driving the growth of the surgical tables market in North America. Furthermore, growing awareness among the population to approach surgical procedures in case of injuries and chronic disease problems is also driving the market growth.
The rising number of surgeries concerning cardiovascular and neurological diseases within the North American region is likely to have a positive impact on market growth. For instance, according to the CDC 2022 update, a total of 18.2 million adults had coronary artery disease, and approximately 70% of these patients underwent surgery. Moreover, there are nearly 35 million hospital stays each year in the United States. Hence, this rise in hospital stays and surgeries is likely to have a positive impact on the market's growth. With the rising burden of chronic diseases, the Canadian government is investing heavily to improve the healthcare infrastructure. For instance, as per the press release published in July 2021 by the government of Canada, the governments of Canada and Quebec collaborated to invest in 209 infrastructure projects to modernize, redevelop, and upgrade the health and social services institutions in Quebec, including hospitals, and other care centers. Federal Minister of Infrastructure and Communities, and Minister of Health and Social Services, announced a total of USD 188.3 million in funding for these 209 infrastructure projects. These investments demand the availability of surgical tables in hospitals.
Moreover, there is a huge presence of key players in the market in this region, owing to which the region is expected to propel at high growth rates. Collaborations between key market players are another factor in market growth. For instance, in December 2022, HSHS St. Anthony's Memorial Hospital has become the first hospital in the United States and even in North and South America to install and begin using the newly developed Nautilus operating table and x-ray system from Dornier MedTech. Additionally, high-resolution imaging from unprecedented positions and angles offers doctors a wider area to x-ray in one image, helping with better diagnosis and treatment. These healthcare facilities perform procedures across a wide spectrum of surgical disciplines alongside the OEC C-arms such as orthopedics, general surgery, cardiovascular, and urology, as well as non-fluoroscopic specialties like plastic surgery, and thus require a highly versatile surgical table. Hence, such developments would increase market growth in the upcoming future.
Hence, due to the above-mentioned factors, the market is expected to grow in the future.
