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Surgical Table Market size was worth more than USD 1.3 billion in 2021 and is anticipated to expand at over 3.5% CAGR between 2022-2030.
Technological advancements in medical equipment and rising healthcare expenditure across developed and developing economies will complement the industry growth. Countries worldwide are investing in advanced healthcare technologies, software, and medical devices to strengthen surgical capabilities and improve overall patient care. The advent of next-generation technologies such as artificial intelligence (AI), machine learning (ML), the internet of things (IoT), and robots have enabled the development of new medical systems that can help healthcare experts to improve surgery outcomes.
Robust investments in healthcare infrastructure will help with the introduction of modern medical systems in clinical settings. According to the Centers for Medicare & Medicaid Services, the overall healthcare expenditure in the U.S. in 2020 was around USD 4.1 trillion, showcasing a growth of 9.7%. This accounted for nearly 19.7% of the total Gross Domestic Product (GDP) of the nation. It certainly indicates strong potential for the deployment of medical equipment for ERs and operating rooms over the coming years.
Report Attribute | Details |
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Base Year: | 2021 |
Surgical Table Market Size in 2021: | 1.3 Billion (USD) |
Forecast Period: | 2022 to 2030 |
Forecast Period 2022 to 2030 CAGR: | 4.5% |
2030 Value Projection: | 1.5 Billion (USD) |
Historical Data for: | 2017 to 2021 |
No. of Pages: | 226 |
Tables, Charts & Figures: | 355 |
Segments covered: | Product Type, Device Type, Material, End-use, and Region. |
Growth Drivers: |
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Pitfalls & Challenges: |
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High cost of composite surgical tables could restrain surgical table market progress. Composite surgical tables are relatively expensive which is a key factor impacting their large-scale utilization. In developing and under-developed regions, limited spending on healthcare infrastructure has negatively influenced the purchase of high-end surgical tables.