Surgical Tables Market is Projected to Soar at a Value CAGR of 4.1% from 2017 to 2022

Global Surgical Tables Market: Snapshot

Surgical tables comprise one of the first requirements of a modern healthcare system and thus are likely to be in constant demand over the near future. The global surgical tables market has benefited significantly from the rising investment in the healthcare sector across the world regardless of the economic state of the country. Developed countries have led the way in modernizing their healthcare sectors and incorporating major technological advances, but healthcare agencies in developing regions such as the Middle East, Japan, Asia Pacific, and Latin America are also likely to become major players in the global healthcare sector. This is likely to drive the global surgical tables market at a steady rate in the 2017-2022 forecast period. The increasing acknowledgment of the need to improve the surgical area to maximize its utility and comfort is likely to drive the global surgical tables market.

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According to Transparency Market Research, the global surgical tables market was valued at US$837.1 mn in 2017 and is expected to rise to US$1,014.3 mn by 2022 at a steady 4.1% CAGR therein.

North America to Dominate Global Surgical Tables Market

Geographically, North America is likely to be the leading contributor to the global surgical tables market in the coming years. The North America market is driven by the steady rise in demand from the surgical tables market in the U.S., where the healthcare sector is highly developed. The North America surgical tables market is expected to rise to a valuation of US$301.5 by 2022, expanding upon its 2017 valuation of US$246.9 mn at a strong CAGR of 4.1% between 2017 and 2022.

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Rising Investment in Developing Regions Crucial for Surgical Tables Market

Despite the dominant role of Western countries in the technological development of the healthcare sector, emerging countries such as China, India, Thailand, Indonesia, Malaysia, Singapore, Brazil, Argentina, the UAE, and Saudi Arabia are likely to be vital to the global surgical tables market in the coming years. Several of these countries house rapidly growing healthcare sectors that are receiving significant government funding as well as private investment. This has enabled steady growth of the growth of component industries such as the surgical tables market. The increasing spending power of healthcare agencies in these regions is also likely to lead to growing demand for surgical tables and other such hospital implements.

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