Carbon Composite Operating Tables Market Growth Analysis | 2021-2026

Market Insights

The carbon composite operating tables market is estimated to grow at a healthy pace over the next five years to reach an estimated value of USD 367 million in 2026.

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Market Dynamics

In the medical industry, carbon composites are increasingly preferred in applications such as radiographic imaging tabletops, cradles, prosthetics, tabletop extensions & 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.

Covid-19 Impact Analysis

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.

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.

• In 2020, Hillrom launched PST 500 and PST 300 precision surgical tables that offer a 360-degree radiolucency coupled with the capability of handling general surgery, orthopedics, and neurosurgery.
• In 2019, Genting launched its Maquet Yuno II surgical table, which is a versatile option to support advanced orthopedic techniques as well as trauma and neurosurgeries.
• In 2017, Hillrom launched the Allen advance table lateral system to compliment the Allen advanced table. The radiolucent flat table offers superior intra-operative imaging capabilities.

Segment Analysis

By Technology Type

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.

By Application Type

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.

By End-User Type

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.

Regional Insights

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.

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Key Players

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
• Mizuho Medical Co., Ltd.

Note: The above list does not necessarily include all the top players in the market.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects carbon composite operating tables market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order 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 the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a 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 market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

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. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The carbon composite operating tables market is segmented into the following categories.

By Technology Type

• Manual Operating Tables
• Powered Operating Tables

By Application Type

• General Operating Tables
• Specialty Operating Tables

By End-User Type

• Hospital
• Ambulatory Surgical Centers

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, The UK, France, Italy, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, The UAE, and Others)

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com