Surgical Table Market is Expected to Gain Popularity Across the Globe by 2030
Ngày đăng: 08-08-2023 |
Ngày cập nhật: 08-08-2023
The projected growth of the global Surgical Table Market indicates that it is poised to reach a valuation of USD 2.54 billion by the year 2030, with an anticipated compound annual growth rate (CAGR) of 3.3% throughout the forecast period. This expansion is driven by several key factors, including the increasing global demand for surgical procedures, augmented investments from both public and private sectors in the healthcare industry, and a surge in the requirement for advanced surgical tables equipped with cutting-edge technology. These factors collectively contribute to the projected upward trajectory of the market's revenue.
The surge in the aging population worldwide, the prevalence of chronic ailments, and a rise in surgical interventions across the globe have all significantly bolstered the demand for surgical tables. Statistics from the National Institute of Health (NIH) suggest that approximately 300 million major surgeries are performed each year, with the United States accounting for 40 to 50 million and Europe contributing 20 million.
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This heightened demand for surgical facilities has necessitated the development of modern, technologically sophisticated surgical tables. The trend towards adopting these advanced modalities is expected to be a driving force behind the market's revenue growth.
Key players in the Surgical Table Market:
The advent of the COVID-19 pandemic resulted in a considerable setback to the growth of the surgical table market. A decline in surgical procedures due to stringent regulatory guidelines that postponed non-emergency surgeries, along with disruptions in the supply chain and shortages of labor and raw materials, adversely impacted the manufacturing of surgical tables on a global scale. Nevertheless, with the gradual relaxation of restrictions, the steady normalization of the supply chain, and concerted efforts by governments and regulatory authorities to upgrade healthcare infrastructure, the market is expected to regain momentum and exhibit growth in the near future.
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The market dynamics of the surgical table industry are heavily influenced by various driving and restraining factors. The escalating global demand for surgeries, combined with the need for cutting-edge surgical tables, is a prime driver for market expansion. The growing burden of chronic diseases worldwide fuels the demand for surgeries, consequently increasing the need for surgical tables that are vital components of operating rooms. Additionally, the surge in specialty surgeries necessitates more advanced tables with tailored features for specific procedures, which contributes to the market's growth.
Conversely, the high cost associated with composite surgical tables stands as a significant restraint to the market's revenue growth. These tables, constructed from materials like carbon fibers, offer benefits over metallic tables but come with a higher price tag due to specialized manufacturing processes and costly raw materials. Furthermore, the proper utilization of technologically advanced surgical tables requires specialized knowledge and skills, which can be lacking, particularly in developing and underdeveloped regions, hindering market growth.
In conclusion, the global surgical table market is characterized by its potential for substantial growth in the coming years. Factors such as rising demand for surgeries, advancements in healthcare infrastructure, and the need for technologically advanced surgical tables are expected to drive the market's revenue growth. While challenges such as the cost of composite tables and shortages of skilled personnel present barriers, strategic alliances among key players, innovative product launches, and increasing investments in healthcare facilities are likely to fuel competition and innovation within the market. Regions such as North America, Asia-Pacific, and Europe are projected to play pivotal roles in shaping the market landscape, with North America leading due to its advanced healthcare systems and increasing adoption of hybrid operating rooms.
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The surge in the aging population worldwide, the prevalence of chronic ailments, and a rise in surgical interventions across the globe have all significantly bolstered the demand for surgical tables. Statistics from the National Institute of Health (NIH) suggest that approximately 300 million major surgeries are performed each year, with the United States accounting for 40 to 50 million and Europe contributing 20 million.
Get a free sample PDF of the report, visit @ https://www.reportsanddata.com/download-free-sample/2392
This heightened demand for surgical facilities has necessitated the development of modern, technologically sophisticated surgical tables. The trend towards adopting these advanced modalities is expected to be a driving force behind the market's revenue growth.
Key players in the Surgical Table Market:
- Steris Corporation
- Berchtold GmbH & Company KG
- Stryker Corporation
- Getinge AB
- Skytron LLC
- Mizuho Corporation
- Eschmann Holdings Ltd
- Schaerer Medical USA Inc.
- Denyers International Pty
- Nuvo Inc.
- Stille AB
- Alvo Medical
The advent of the COVID-19 pandemic resulted in a considerable setback to the growth of the surgical table market. A decline in surgical procedures due to stringent regulatory guidelines that postponed non-emergency surgeries, along with disruptions in the supply chain and shortages of labor and raw materials, adversely impacted the manufacturing of surgical tables on a global scale. Nevertheless, with the gradual relaxation of restrictions, the steady normalization of the supply chain, and concerted efforts by governments and regulatory authorities to upgrade healthcare infrastructure, the market is expected to regain momentum and exhibit growth in the near future.
To know more about the latest insights of the report, visit @
https://www.reportsanddata.com/request-latest-insight/2392
The market dynamics of the surgical table industry are heavily influenced by various driving and restraining factors. The escalating global demand for surgeries, combined with the need for cutting-edge surgical tables, is a prime driver for market expansion. The growing burden of chronic diseases worldwide fuels the demand for surgeries, consequently increasing the need for surgical tables that are vital components of operating rooms. Additionally, the surge in specialty surgeries necessitates more advanced tables with tailored features for specific procedures, which contributes to the market's growth.
Conversely, the high cost associated with composite surgical tables stands as a significant restraint to the market's revenue growth. These tables, constructed from materials like carbon fibers, offer benefits over metallic tables but come with a higher price tag due to specialized manufacturing processes and costly raw materials. Furthermore, the proper utilization of technologically advanced surgical tables requires specialized knowledge and skills, which can be lacking, particularly in developing and underdeveloped regions, hindering market growth.
In conclusion, the global surgical table market is characterized by its potential for substantial growth in the coming years. Factors such as rising demand for surgeries, advancements in healthcare infrastructure, and the need for technologically advanced surgical tables are expected to drive the market's revenue growth. While challenges such as the cost of composite tables and shortages of skilled personnel present barriers, strategic alliances among key players, innovative product launches, and increasing investments in healthcare facilities are likely to fuel competition and innovation within the market. Regions such as North America, Asia-Pacific, and Europe are projected to play pivotal roles in shaping the market landscape, with North America leading due to its advanced healthcare systems and increasing adoption of hybrid operating rooms.
Request a customized copy of the report @ https://www.reportsanddata.com/request-customization-form/2392
Thank you for reading our report. To inquire about customization or any query about the report, please get in touch with us. Our team will make sure the report is best suited to your needs.
Browse for more reports:
Burkitt Lymphoma Market
Cushing Syndrome Market
Malignant Melanoma Market
Macular Degeneration Market
Polycythemia Vera Market
Testicular Cancer Market
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
John W
(Head of Business Development)
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Blogs | Press Release | Industry News | Our competencies
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