Spinal Surgery Tables Market Report Overview
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global spinal surgery tables market size was USD 196.3 million in 2022 and market is projected to touch 482.08 Million by 2031, exhibiting a CAGR of 10.5% during the forecast period.
Spine surgery tables are type of advanced surgical table for spine surgery. The operational table is suitable for simple and difficult spine surgeries. The table helps to support the patient’s position and provides preferred spinal position for reinstating keen balance. There are several situations which affects the spinal badly which results in back pain affecting the body movement. The spinal surgery tables availability allows healthcare workers to position patient body accordingly to increase the outcome of the surgery which in turn drives the market growth of spinal surgery tables. Growing innovation and development helps to cure several disorders related to neurology. Latest surgical table is capable of common as well as specialty surgical procedure. Upsurge in implementation of these innovative tables helps medical professionals in performing serious procedures with much comfort which increases demand and is anticipated to further drive income growth of the market. Increase in the government subsidy to support examination and improvement for spine treatment which will further boost the growth of the spinal surgery tables market during the forecast period. Rising spondylitis occurrences in the elderly population are expected to boost demand. Power-driven surgical tables are progressive and of higher designs which helps medical professionals to function in different types such as sliding top, length wise incline and others with a better patient arranging as essential for the practise. These specialized tables are flexible in height and are planned to accommodate several surgical processes related to the spine. These tables can also undertake additional functions such as treatment for orthopaedic pain through modular table. Additionally, technological innovations along with the upsurge in surgical technique volumes are projected to fuel the market growth.
COVID-19 Impact: Pandemic Hampered the Market Due to Unexpected Disruption in Supply
COVID 19 pandemic has extremely affected the whole world. It caused many unexpected disruption as large number of patients were visiting the hospitals on daily basis due to which hospital beds, medical devices and healthcare workers were in short supply. The spinal surgery table market faced significant decline in the device sales. There was a loss in size of surgical processes during the pandemic due to stringent strategies to reschedule non-emergency surgeries by governing powers worldwide. Shortage of raw materials labor, and interruption of supply chain affected business of surgical tables across the world.
Latest Trends
"Use of advance technology to boost the market growth "
Several technological expansions such as the development of advanced bone fixing products and the use of supplies that are more durable than metal are supporting market growth. Latest surgical table is capable of common as well as specialty surgical procedure. Upsurge in implementation of these innovative tables helps medical professionals in performing serious procedures with much comfort which increases demand and is anticipated to further drive income growth of the market.
Spinal Surgery Tables Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into professional spinal surgery table, general spinal surgery table
Professional spinal surgery table capture the maximum market share through forecast period.
- By Application Analysis
According to application, the market can be segmented hospitals, clinics, and ambulatory surgery centre.
Spinal surgery tables market players cover segment as hospitals will dominate the market share during forecast period.
Driving Factors
"Innovative development to increase the revenue growth of the market"
Innovative product development that endlessly aims to improve existing treatment options are anticipated to contribute to the increasing demand. People are becoming more conscious of several modern products that developed leading to the development of the market. Technological developments and increasing implementation of technically innovative surgical tables rises demand for classy surgical table and is likely to motivate income growth of market during the forecast period.
"Increase in elderly population to boost the market."
The increasing elderly population base worldwide is predicted to create high product demand during the forecast period. The growing number of hospital admittances by elderly patients, precisely those suffering from end-stage lasting illnesses that include surgical treatment is one of the key factors enhancing the market progress. The increasing volume of orthopaedic through the world is leading to flow in demand for surgical tables during the forecast period.
Restraining Factors
"High budget treatment to hamper the market growth"
High cost of spinal surgeries also critical surgery controlled by lack of skilled professional may hamper the future growth of the market. The strict governing process for new product endorsements and costly treatment and measures are the major factors limiting the market's growth. Owing to gradually increasing cost of processes the rate of executing spinal surgery device has declined this is a major limitation for hospital, clinics and new applicants for the market.
Spinal Surgery Tables Market Regional Insights
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"North America to dominate due to increase in demand and availability of product"
North America to dominate the market of spinal surgery tables. Due to increasing number of patients suffering spine related problems there is increase in availability of product. High occurrence of spinal issues leads to increasing demand for spinal surgeries thus contributing the market growth. Growing spending on healthcare and expanding awareness among people and improvement of technologies for treatment across the area are also contributing to the growth of spinal surgery tables. The rising number of road-based mishap cases and the growing incidence of obesity in the region has increased the market share. Additionally, cumulative execution of innovative devices for surgical procedures lead to a rise in the requirement for spinal surgery products.
Key Industry Players
"Key Players Focus on Partnerships to gain competitive advantage."
The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger.
List of Market Players Profiled
- Getinge (Sweden)
- Hill-Rom (U.S.)
- Mizuho OSI (U.S.)
- OPT SurgiSystems (Italy)
- Skytron (U.S.)
- Stryker (U.S.)
Report Coverage
The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 196.3 Million in 2022 |
Market Size Value By |
US$ 482.08 Million by 2031 |
Growth Rate |
CAGR of 10.5% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types and Application |
Frequently Asked Questions
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1. What value is the Spinal Surgery Tables market expected to touch by 2031?
Spinal Surgery Tables market is expected to touch USD 482.08 Million by 2031.
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2. What CAGR is the Spinal Surgery Tables market expected to exhibit during 2024-2031?
Spinal Surgery Tables market is expected to exhibit CAGR of 10.5 % during 2024-2031.
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3. What are the driving factors of the Market?
Innovative product development that endlessly aims to improve existing treatment options are anticipated to contribute to the increasing demand.
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4. Which are the key players or most dominating companies functioning in the market?
The dominating companies in the market are Getinge, Hill-Rom, Mizuho OSI, OPT SurgiSystems, Skytron, STERIS.