Operating Tables and Lights Market to Surpass US$ 1,810.0 Million by 2028
The Global Operating Tables and Lights Market, By Product (Operating Tables (By Product Type [General Operating Tables and Specialty Operating Tables (Orthopedic and Trauma Surgery Tables, Neuro Surgery Tables, Cardiovascular Surgery Tables, Gastrointestinal Surgery Tables, and Other Specialty Surgery Tables (Urology and Cysto Surgical Tables and Rest of Specialty Surgical Tables)] and By Mode of Operation [Manual Operating Table and Powered Operating Table] and Operating Room Lights (By Product Type [LED Lights and Conventional Lights] and By Mounting Configuration [Ceiling-mounted, Wall-mounted, and Floor Stand]), By End User (Hospitals, Ambulatory Surgical Centers, Emergency Centers, and Other End Users), and By Region (North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa) is estimated to be valued at US$ 1,382.0 Mn in 2021 and expected to exhibit a CAGR of 3.9%during the forecast period (2021-2028), as highlighted in a new report published by Coherent Market Insights.
Key market players are focusing on growth strategies such as product launch, which is expected to propel the global operating tables and lights market growth over the forecast period. For instance, in May 2018, IMRIS, a global provider of intraoperative imaging solutions, and Hill-Rom Holdings, Inc., an American medical technology provider and a subsidiary of Baxter International, launched a new multi-functional operating table. The table integrates a new IMRIS magnetic resonance neurosurgical tabletop with Hill-Rom's TruSystem 7500 OR Table platform. This product provides neurosurgeons with an ergonomic, MRI-conditional surgical table.
Global Operating Tables and Lights Market – Impact of Coronavirus (COVID-19) Pandemic
Governments and government agencies globally are taking various initiatives to combat the spread of COVID-19. For instance, in May 2020, the Centers for Disease Control and Prevention (CDC) started working with the All-of-Government and All-of-America approach to increase testing capacity, improve case detection, and contact tracing across the U.S. states and re-open the country. Various leading pharmaceutical and technological companies were collaborating with the U.S. government for faster clinical development of the vaccines for the prevention of COVID-19 infections in the U.S. For instance, in July 2020, IQVIA, a clinical service company, and Astra Zeneca, a pharmaceutical company, announced a collaboration with the U.S. government for Operation Warp Speed project. Operation Warp Speed is part of a broader strategy to accelerate the development, manufacturing, and distribution of COVID-19 vaccines, therapeutics, and diagnostics. The specific IQVIA and AstraZeneca collaboration will drive faster delivery of clinical studies in the U.S. aimed at demonstrating the efficacy of AstraZeneca’s potential COVID-19 vaccine, AZD1222.
Browse 27 Market Data Tables and 31 Figures spread through 188 Pages and in-depth TOC on “Global Operating Tables and Lights Market” - Forecast to 2028, Global Operating Tables and Lights Market, By Product (Operating Tables (By Product Type [General Operating Tables, and Specialty Operating Tables (Orthopedic and Trauma Surgery Tables, Neuro Surgery Tables, Cardiovascular Surgery Tables, Gastrointestinal Surgery Tables, and Other Specialty Surgery Tables (Urology and Cysto Surgical Tables and Rest of Specialty Surgical Tables)] and By Mode of Operation [Manual Operating Table and Powered Operating Table] and Operating Room Lights (By Product Type [LED Lights and Conventional Lights] and By Mounting Configuration [Ceiling-mounted, Wall-mounted, and Floor Stand]), By End User (Hospitals, Ambulatory Surgical Centers, Emergency Centers, Other End Users), and By Region (North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa)
To know the latest trends and insights prevalent in the Global Operating Tables and Lights Market, click the link below:
https://www.coherentmarketinsights.com/market-insight/operating-tables-and-lights-market-4911
The increasing investments on surgical and minimally invasive surgical needs is expected to boost the market growth over the forecast period. For instance, According to the American Society for Aesthetic Plastic Surgery (ASAPS) 2016 statistics, the U.S. population invested over US$ 15 billion on combined surgical and non-surgical procedures, which registered an increase of US$ 1.5 billion over the previous year (2015)
Key Takeaways of the Global Operating Tables and Lights Market:
- The global operating tables and lights market is expected to exhibit a CAGR of 3.9% during the forecast period due to key market players are focusing on inorganic growth strategies such as partnerships to enhance their product portfolio. For instance, in August 2019, BihlerMed, a leading provider of medical illumination technology and devices, in partnership with View Medical, a full-service durable medical equipment retailer, introduced SurgiLight surgical lighting system. This next-generation surgical illumination device had been developed as an alternative to headlamps and overhead lights, providing versatile, safe illumination, which can be precisely focused for specific surgical procedures.
- Among product, the operating room lights segment is estimated to exhibit a higher CAGR in the global operating tables and lights market over the forecast period, owing to increasing launches of products by the key players. For instance, in 2017, Azbil Telstar, S.L., a Spain-based company, launched the new version of an automatic surgical lightening system for laminar airflow operating systems.
- Among region, North America is estimated to hold a dominant position in the global operating tables and lights market during the forecast period, owing to the rising number of surgical procedures and interventions. For instance, according to a survey conducted in the U.S. by the National Centre for Health Statistics, approximately 3.5 million laparoscopic procedures were performed in the U.S. in 2017.
- Major players operating in the global operating tables and lights market are Siemens AG, Dragerwerk AG & Co. KGaA, Getinge AB, KARL STORZ GmbH & Co. KG, Mizuho OSI, Koninklijke Philips N.V., STERIS Corporation, Stryker Corporation, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., BenQ Medical Technology, Mediland Enterprise Corporation, Alvo Medical Sp. z o.o. Famed Zywiec Sp. z o.o., Heal Force, OPT Surgisystems S.R.L. (TKB Group), Medifa-hesse GmbH & Co. KG, UFSK-International OSYS GmbH, Taicang Kanghui Technology Development Co., Ltd, Ningbo Techart Medical Equipment Co., Ltd., Fazzini SRL, Lojer Oy, and AGA Sanitaetsartikel GmbH
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