Transparency Market Research (TMR) has published a new report titled, “Surgical Tables and Lights Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. According to the report, the global surgical tables and lights market was valued at more than US$ 1,300.0 Mn in 2017 and is projected to expand at a CAGR of more than 3.0% from 2018 to 2026.
Developing health care infrastructure in emerging countries and introduction of technologically advanced surgical tables and lights by market players are likely to boost demand for surgical tables and lights during the forecast period. Rapid development of health care infrastructure and increase in per capita health care expenditure present significant opportunities in the market in countries such as Australia, India, and New Zealand. This in turn is likely to boost the surgical tables and lights market in Asia Pacific from 2018 to 2026.
In terms of application, the public hospitals segment is projected to account for a dominant share of the global surgical tables and lights market during the forecast period. The segment is likely to expand at a higher CAGR from 2018 to 2026, owing to well-developed hospital infrastructure in the U.S., Canada, and countries in Europe that is largely governed by the public sector.
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According to the Organization of Economic Co-operation and Development (OECD), the public sector accounts for 85% of the total GDP spending on health care by developed countries in Europe and North America. However, increase in number of private players entering the market in emerging countries and rise in number of public-private partnerships are projected to drive the private hospitals segment of the global market from 2018 to 2026.
In terms of revenue, North America held a major share of the global surgical tables and lights market in 2017. This is due to increase in number of hospital-based and free-standing ambulatory surgery centers (ASCs) and rise in installation of integrated and hybrid operating rooms by existing hospitals in the region. Entry of new players in the hospitals segment along with rise in investments by public & private sectors is encouraging the development of new hospitals in countries such as Australia & New Zealand and India. These factors are expected to drive demand for new unit shipments of surgical tables and lights in Asia Pacific. Moreover, rise in per capita health care spending and better access to health care service are factors likely to propel the surgical tables and lights market in Asia Pacific from 2018 to 2026.
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