Composite Operating Tables Market Report | Covid-19 Impact Analysis
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s carbon composites operating table market realities and future possibilities for the forecast period of 2021 to 2026. The report estimates the short- as well as long-term repercussions of the COVID-19 pandemic on the demand for carbon composites operating table at the global, regional, as well as country level. Also, the report provides the possible loss that the industry may register by comparing pre-COVID and post-COVID scenario. The report segments and analyzes the market in the most comprehensive manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of low-hanging fruits available as well as formulate growth strategies.
Carbon Composite Operating Tables Market: Highlights
The global carbon composite operating tables market is estimated to grow at a healthy pace over the next five years to reach an estimated value of US$ 367 million in 2026. In the medical industry, carbon composites are increasingly preferred in applications, such as radiographic imaging tabletops, cradles, prosthetics, tabletop extension & accessories, oncology treatment overlays, positioning products, and surgical table components. Operating tables with carbon composite tabletop offer radiolucency which makes them suitable for hybrid operating rooms and diagnostic imaging.
The outbreak of the COVID-19 pandemic has negatively impacted the carbon composite operating tables market. Disruption of the international supply chain shook the market, especially in developing nations. Clinical trial data collections for medical devices have also been disrupted owing to the lockdown, restricting the market growth prospects. The market is expected to recover from 2021 onwards as regulatory approvals for medical devices pick up the pace again.
Stratview Research has firstly segmented the market based on the technology type into manual and powered tables. Manual tables are likely to remain a larger segment of the market during the forecast period due to their lower price coupled with the ease of use associated with such tables. Powered tables are expected to grow at a faster rate owing to precision in tabletop movements.
The market is also segmented based on application type as general and specialty operating tables. General operating tables contributed for a larger share as such tables are suitable for a variety of surgical procedures such as cardiovascular surgery, neurosurgery, and orthopedic surgery. Specialty operating tables are expected to witness higher growth during the forecast period, owing to their treatment-specific layout and better performance & handling.
Based on the end-user type, the market is segmented into hospitals and ambulatory surgical centers. Hospital held a larger share of the market in 2020 and is expected to maintain its position during the forecast period as well. The higher budget of such establishments as well as larger patient footfall attributed to its larger share. Ambulatory surgical centers are expected to expand at a higher rate, owing to growing patient preference, especially in the North American and European markets.
In terms of region, North America accounted for the largest share of the carbon composite operating tables market in 2020. The region is also expected to maintain its dominance during the forecast period in the wake of huge healthcare expenditure, higher adoption of advanced technology, presence of dominant players, well-established healthcare infrastructure, and presence of skilled medical professionals. Asia-Pacific is projected to witness the highest growth during 2021-2026. Significant economic growth and growing investment towards improving healthcare infrastructure in key economies such as China, India, and South Korea are the major factors boosting the growth of the Asia-Pacific’s market. Further, initiatives towards providing healthcare facilities in the remote areas of developing economies are likely to play a key role in the region’s growth.
The supply chain of this market comprises raw material suppliers, carbon composite operating table manufacturers, distributors, OEMs, and end-users. The carbon composite operating table manufacturers include Getinge Group, Steris Corporation, HillRom, Stryker Corporation, Stille AB, Skytron LLC, Surgical Table Inc., Composite Horizons LLC, and Mizuho Medical Co., Ltd.
Some of the Key Product Launches in the Market:
The market’s attractiveness has led to series of new product launches by key players in order to better align with the demand.
Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all five regions and industry experts to obtain both qualitative and quantitative insights.
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
The carbon composite operating tables market is segmented into the following categories.
Carbon Composite Operating Tables Market, By Technology Type:
Carbon Composite Operating Tables Market, By Application Type:
Carbon Composite Operating Tables Market, By End-User Type:
Carbon Composite Operating Tables Market, By Region:
Report Customization Options
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