Surgical Tables Market Size, Share, Industry Trends and Forecast to 2030

What is the Market Size & CAGR of Surgical Tables market in 2021?

The global surgical tables market had a market size of USD 1.2 billion in 2021, with a Compound Annual Growth Rate (CAGR) of 4% over the past year. This growth can be attributed to the increasing number of surgical procedures worldwide, advancements in surgical technologies, and the rising demand for minimally invasive surgeries. The market is expected to continue growing steadily in the coming years.

COVID-19 Impact on the Surgical Tables Market

The COVID-19 pandemic had a significant impact on the surgical tables market in 2021. Due to the surge in COVID-19 cases globally, many elective surgeries were postponed or canceled, leading to a temporary decline in the demand for surgical tables. However, as healthcare systems adapted to the new normal and resumed elective procedures, the market started to recover.

Surgical Tables Dynamics

The surgical tables market is driven by factors such as the increasing prevalence of chronic diseases, technological advancements in surgical procedures, and the growing geriatric population. Additionally, the shift towards outpatient surgeries and the rising demand for hybrid operating rooms are also contributing to the market growth.

Segments and Related Analysis

The surgical tables market can be segmented based on type, application, end-user, and region. Types of surgical tables include general surgical tables, specialty surgical tables, and imaging tables. Applications include orthopedic, neurosurgery, cardiovascular, and others. End-users of surgical tables are hospitals, ambulatory surgical centers, and specialty clinics.

By Region Analysis

In terms of region, North America dominated the surgical tables market in 2021, followed by Europe and Asia Pacific. The presence of well-established healthcare infrastructure, technological advancements, and high healthcare spending in North America contributed to its market dominance. However, the Asia Pacific region is expected to witness the fastest growth in the coming years due to the increasing number of surgical procedures and the rising healthcare investments.

Key Market Players and Competitive Landscape

Some of the key players in the surgical tables market include Maquet Holding B.V. & Co. KG, Hill-Rom Holdings, Inc., Steris plc, Getinge AB, Stryker Corporation, and Mizuho OSI. These companies are focusing on product development, strategic collaborations, and mergers and acquisitions to strengthen their market position and expand their product offerings.

Recent Happenings in the Surgical Tables Market

- In 2021, Hill-Rom Holdings, Inc. introduced a new range of surgical tables with advanced features to enhance patient comfort and surgeon ergonomics. - Getinge AB collaborated with leading healthcare providers to develop innovative surgical table solutions for complex surgical procedures. - Maquet Holding B.V. & Co. KG invested in research and development activities to launch technologically advanced surgical tables with improved functionalities. - Stryker Corporation acquired a prominent player in the surgical tables market to expand its product portfolio and increase its market share.