Global Surgical Tables and Lights Market to Surpass USD 1.8 Billion by 2026

The global surgical tables and lights market was valued at more than USD 1.30 billion in 2017 and is projected to grow at a CAGR of over 3.0% over 2018 to 2026 to surpass USD 1.80 billion by 2026. The demand for surgical tables and lights during the forecast period is likely to be driven by developing health care infrastructure in the emerging countries and the introduction of technologically-advanced surgical tables and lights by the market players. However, constant evolution in the surgical tables and lights segment, with the introduction of new features and designs has led to high prices of these products, thereby acting as a major restraint to the market growth.

These are the latest findings of Transparency Market Research, (Albany, NY, USA), a global market intelligence company providing business information reports and services.

In terms of product type, the surgical tables segment held the largest market share in 2017 and is expected to continue dominating the market during the forecast period due to the increasing number of new and advanced surgery tables introduced in the global market and their comparatively higher prices. The gynecology examination tables segment is expected to lose market share during the forecast period and account for less than 18.0% by 2026.

In terms of application, the public hospitals segment is expected to dominate the global surgical tables and lights market with the largest share during the forecast period. The public hospitals segment is expected to grow at a higher CAGR during the forecast period, led by well-developed hospital infrastructure in the US, Canada, and European countries that are largely governed by the public sector. However, an increase in the number of private players entering the market in the emerging countries and rise in the number of public-private partnerships are expected to drive the growth of the private hospitals segment during the forecast period.

Geographically, North America held the largest share of the global surgical tables and lights market in 2017, in terms of revenue, due to an increase in the number of hospital-based and free-standing ambulatory surgery centers (ASCs) and rise in the installation of integrated and hybrid operating rooms by existing hospitals in the region. The entry of new players in the hospitals segment, coupled with increased investments by the public and private sectors, is encouraging the development of new hospitals in countries such as Australia & New Zealand and India. These factors are expected to drive the demand for new unit shipments of surgical tables and lights in the Asia Pacific region. Additionally, rising per capita health care spending and improving access to health care service are expected to fuel the growth of the surgical tables and lights market in Asia Pacific during the forecast period.

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