Market Introduction
The Asia Pacific operating tables market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. The types of electric operating tables continue to increase, including five-section eccentric columns, built-in kidney bridges, C-arm carbon fiber catheter operating tables, etc., These types are convenient and safe, comprehensive functions, high control precision, and long service life. The power control source is used to operate various settings, such as table movement, table tilt, and height adjustment. It helps simplify the task of an operation without distracting the surgeon's attention. This feature can be used for electric operating tables. With the help of the remote control to assist the operation of the electric actuator, the movement of a table can be easily controlled. For example, the KME-1204 sliding top electric OT from Koinaa Medical Equipments is suitable for various surgeries, such as general surgery; cardiovascular surgery; neurology, gynecology, urology, proctology, and traumatic surgery; plastic surgery; and laparoscopy. The table is equipped with remote control for easy height adjustment; side tilt; longitudinal sliding; and trendelenburg, flexion, and reflex positioning. Also, the nonreflecting surface is antibacterial and easy to clean. Owing to the plenty of power, smooth and quiet movement, multiple value-added features, and unlimited customization options (such as customized positioning), companies continue to add value to the electric adjustment of advanced operating tables. Therefore, it is expected that during the forecast period, a significant shift toward powered surgical tables will become a trend owing to the benefits offered by powered surgical tables.
In Asia Pacific, India reported a huge number of COVID-19 cases, which led to the discontinuation of several business operations, including operating table manufacturing activities. Several measures have been implemented to contain the spread of COVID-19, resulting in significant operational disruption for many companies, including the operating table manufacturing industry. Staff quarantine, supply-chain failures, and reductions in demand have generated serious complications for companies. Also, there has been a significant drop in in-patient and outpatient for private hospital chains. To relieve healthcare systems, many clinics have been postponing non-critical surgical procedures like orthopedic and neuromuscular conditions. To avoid overburdening hospitals already struggling to deal with the rising pandemic pressure, doctors are delaying surgeries till the COVID-19 peak is past. Moreover, medical device companies are starting to forecast large sales declines in their business segments because people are staying at home. All these factors tend to affect the Asia Pacific operating tables market negatively.
Market Overview and Dynamics
The operating tables market in Asia Pacific is expected to grow from US$ 204.27 million in 2021 to US$ 262.31 million by 2028; it is estimated to grow at a CAGR of 3.6% from 2021 to 2028. The hospital industry across the region is growing at a rapid pace. Although the average hospital stays for a single patient has been slightly decreased from 7 days to 5–6 days in the last couple of decades, the total number of hospital admissions has increased in the last 5–6 years. According to the Department of Industrial Policy and Promotion (DIPP), the hospital and diagnostic centers in India have attracted Foreign Direct Investments (FDIs) worth US$ 6 billion in the last couple of decades. According to the Ministry of Health and Family Welfare, the Government of India, India and Cuba signed a Memorandum of Understanding (MoU) to increase cooperation in the areas of health and medicine. Furthermore, a de-merger between Fortis Healthcare and Manipal Hospitals Enterprises has been carried out to raise US$ 602.41 million, which can be further invested to expand hospital infrastructure in Manipal Hospital Enterprise. The operating tables industry in India is booming owing to a few factors such as rising government and private sector investments, increasing geriatric population, and surging hospital count.
Key Market Segments
Based on product type, the general surgery tables segment accounted for the largest share of the Asia Pacific operating tables market in 2021. Based on technology, the non-powered segment accounted for the largest share of the Asia Pacific operating tables market in 2021. Based on end user, the hospitals segment accounted for the largest share of the Asia Pacific operating tables market in 2021.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Asia Pacific operating tables market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include Skytron, LLC; STERIS Plc; AGA Sanitätsartikel GmbH; ALVO; Getinge AB; Mizuho Medical Co, Ltd.; Merivaara; Stryker Corporation; Denyers International and Hill Rom Holding Inc.
Reasons to buy report
Asia Pacific Operating Tables Market Segmentation
Asia Pacific Operating Tables Market -By Product Type
Asia Pacific Operating Tables Market -By Technology
Asia Pacific Operating Tables Market – By End User
Asia Pacific Operating Tables Market – By Country
Asia Pacific Operating Tables Market – Company Profiles