The global surgery tables market, valued at US$ 801.4 million in 2022, is anticipated to reach US$ 1.1 billion by 2031, exhibiting a steady CAGR of 3.9%. This growth is fueled by a confluence of factors, including the increasing demand for modern surgery tables, robust investments in the medical sector, and a surge in chronic diseases.
The Need for Modernization:
The lifespan of a standard surgery table is typically limited to 10-15 years. As many existing tables reach the end of their operational life, hospitals and clinics are replacing them with advanced models, creating a surge in demand. These modern surgery tables offer enhanced patient comfort, improved functionality, and advanced features that cater to the evolving needs of surgical procedures.
Government and Industry Investments:
Governments worldwide are prioritizing investments in the medical sector, leading to substantial growth within the industry. This trend presents lucrative opportunities for the surgery tables market, as healthcare facilities seek to expand their infrastructure and capabilities. Private sector investments in the medical field are also contributing to the market’s expansion, creating a strong demand for high-quality surgery tables.
Surge in Chronic Diseases:
The increasing prevalence of chronic diseases like respiratory organ failure, brain damage, and heart-related issues, exacerbated by pandemics and epidemic waves, has put immense pressure on the healthcare system. To meet this demand, hospitals and clinics are expanding their surgical capacities, driving the need for more surgery tables.
Key Market Segments and Players:
The surgery tables market is segmented based on various factors, including type, application, end-user, and region.
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Type:
Powered surgery tables are essential for dentists and neurological surgeries, offering precise adjustments and patient positioning.*
Application:
Orthopedic surgery tables are crucial for maneuvering patients during orthopedic procedures. Imaging tables are used to visualize internal injuries and fractures, aiding in diagnosis and treatment planning.*
End-User:
Hospitals are the primary users of surgery tables, followed by clinics and ambulatory surgery centers.Regional Landscape:
North America dominates the global surgery tables market due to its robust healthcare infrastructure and high surgical volume. Europe also contributes significantly to the market, with countries like Germany, the UK, and Denmark leading the way. The Asia Pacific region is experiencing rapid growth due to increasing healthcare spending and rising urbanization.
Key Players and Developments:
Several key players are driving innovation and expansion within the surgery tables market.
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STERIS plc:
A major player in sterilization equipment, washing equipment, dental instruments, and surgery tables.*
Getinge AB:
Known for its diverse portfolio, including anesthesia equipment, ventilators, patient lifting devices, and cardiac surgical equipment.*
Stryker:
Focuses on airway management, cleaning equipment, bed frames, ambulation equipment, and disinfectants.Recent Acquisitions and Developments:
In December 2021, Baxter acquired Hill-Rom Services, Inc., aiming to leverage cutting-edge technology to transform the healthcare sector. In February 2022, ALVO Medical introduced the ALVO Rapsodia, designed for neurological, colorectal, cardiovascular, gynecology, and spinal surgeries. In August 2023, STERIS plc acquired Becton, Dickinson and Company, gaining access to sterilization container assets and surgical instrumentation.