Asia Pacific Surgical Table Market size valued at USD 325 million in 2021 and is set to observe around 4.9% growth rate from 2022 to 2028.
The growth in the overall revenue is influenced by numerous factors such as growing geriatric population in the Asia Pacific region, rising number of surgeries due to changing lifestyle, growing healthcare expenditure, and increasing number of hospitals and ambulatory surgical centers in the region. The growing burden of diseases such as cardiovascular diseases have influenced the surgical procedures across the region.
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The growth in the healthcare expenditure observed over the years have added as the driving factors of the market. Health expenditure may result in greater health opportunities, thus, advances in health expenditure can contribute to better therapeutic and diagnostic outcomes in patients. As a result, monitoring the phenomena of healthcare expenditure in a country is essential. The rise in healthcare expenditure influences the rise in number of hospitals and clinics, skilled professionals, and surgical procedures which in turn have an assertive impact on the surgical table market growth in Asia Pacific. Healthcare spending may impact from factors such as, growing geriatric population, disease prevalence & intensity, and medical service utilization.
Asia Pacific Market, By Product Type
The Asia Pacific general surgical table market accounted for USD 147 million revenue in 2021, owing to increased adoption of surgical tables that offers accessibility to the practitioners with ability to raise or lower the table to have proper access to the section of the patient being operated on. The flexibility to modify the angle can also help the doctor access the surgery area more comfortably and safely, as well as provide stability and support for larger patients.
Cardiovascular, pediatric, gynecological, gall bladder, and plastic surgery are some of the procedures that employ general surgical tables. It is made to be versatile and adaptable across a wide range of tasks as opposed to a single specialty. General surgical tables can be adjustable for height and length, as well as slanted horizontally and to either side. The head part of most common tables can be removed and replaced with a variety of head rests. With the rise in the number of hospitals and other healthcare facilities, the adoption of a general surgical table is anticipated to grow.
Asia Pacific Market, By Material
The metal segment held around USD 249 million revenue in 2021. This is primarily attributed to the numerous advantages and benefits offered by metals. Metal as a material in surgical table is more cost efficient as compared to the composites. The increasing instances of chronic and acute diseases has led to an increase of hospitals and clinics.
Asia Pacific Surgical Table Market, By End-Use
The hospital and clinics segment revenue is set to reach USD 305 million by 2028. The prominent segment share is owing to the accessibility and professional intervention in the therapeutic and diagnostic approaches for the patients. Moreover, the rise in the number of surgical procedures across the region has resulted in the market growth.
Asia Pacific Market, By Country
China surgical table market size will exceed USD 163 million by 2028. This substantial market growth is attributed to the surging prevalence of cardiovascular and peripheral diseases due to unhealthy lifestyle choices. The spur in instances of diseases has increased the number of admissions in the hospital and thus influenced a rise in number of healthcare facilities in the country.
Competitive Industry Landscape
Major players operating in the Asia Pacific surgical table market include Getinge AB, Stryker Corporation, Steris Plc, Mizuho, Stille, Skytron, AMTAI Medical Equipment, and Trumpf Medical (Hill-Rom Holdings Inc.). These companies are engaged in several strategic initiatives such as mergers & acquisitions, product launch, distribution agreements to maintain their market position.