Transparency Market Research (TMR) has published a new report titled ‘Surgery Tables Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ According to the new report, the global surgery tables market was valued at above US$ 700 Mn, in terms of revenue, and stood at over 45,000 units, in terms of volume, in 2017. It is projected to expand at a CAGR of almost 3.0% from 2018 to 2026.
Rise in the number of surgeries, significant government funding for health care infrastructure, and widespread regulatory support for product approvals are likely to boost demand for surgery tables during the forecast period. North America and Europe are likely to dominate the global surgery tables market due to well-developed health care infrastructure and adoption of hybrid operating rooms in the market in these regions. Increase in the number of hospitals; improving health care infrastructure; and rise in per capita health care expenditure in countries such as Japan, China, and Australia are likely to boost the surgery tables market in Asia Pacific in the coming years.
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High Maintenance Costs of Specialty Surgical Tables to Hamper Market
High price and high maintenance costs of surgery tables are projected to limit the purchases of new and replacement units. The average cost of an orthopedic table and spine surgery table is above US$ 70,000. Constant evolution in surgical tables with the introduction of new facilities has led to high price of the products. Such high prices of specialty tables can limit their purchase. This is anticipated to hamper the growth of the surgery tables market.