Global Examination, Operating, and Physical Therapy Electric Tables Market to Reach USD 274.9 Million

The global examination, operating, and physical therapy electric tables market was valued at USD 200.3 million in 2017 and is projected to expand at a CAGR of 3.6 percent. Rise in demand for diagnostic imaging services among the geriatric population and increase in incidence of chronic disorders and trauma cases boost the growth of the global market. Moreover, high investment by key players in developing countries and increase in per capita healthcare expenditure are the other factors propelling the global market. EU Economic Zone is anticipated to dominate the global examination, operating, and physical therapy electric tables market due to high demand for sophisticated & innovative healthcare facilities and increase in number of surgical and diagnostic imaging procedures. Latin America and Asia Pacific are the potential markets for examination, operating, and physical therapy and electric tables. The market in Latin America is expected to expand at a CAGR of 3.8 percent.

Rise in demand for diagnostic imaging services among geriatric population and increase in incidence of chronic disorders and trauma cases to drive global market

Rise in demand for diagnostic imaging services among the geriatric population drives the global market. Elderly people are the primary users of imaging exams. According to the National Institutes of Health (2014), patients aged above 65 years undergo diagnostic imaging twice or more times than younger people, thereby creating significant demand for examination, operating, and physical therapy electric tables in hospitals, specialty clinics, etc. The number of people affected with chronic diseases continues to rise across the world. This increases the need of access to ultrasound, X-ray, magnetic resonance imaging, CT scan, and procedure chairs to perform medical procedures in emergency as well as outpatient facilities. Hence, rise in incidence of chronic disorders and trauma cases are a major factor projected to drive the global market. Moreover, high investment by major players in developing countries and increase in per capita healthcare expenditure are the other drivers of the global examination, operating, and physical therapy and electric tables market. Healthcare expenditure in the US was 17.6 percent of the country’s GDP in 2011. Per capita expenditure on healthcare increased from USD 8,500 in 2011 to USD 10,348 in 2016.

Urology tables to be highly lucrative segment

Urology tables is an emerging segment of the global examination, operating, and physical therapy electric tables market. The segment is projected to account for 29 percent share of the market by 2026. Increase in the number of urological disorders across the globe is anticipated to boost demand for urology tables.

Public hospitals to be promising segment

In terms of end-user, the global examination, operating, and physical therapy electric tables market has been classified into hospitals, ambulatory surgical centers, and others. The hospitals segment held major share of the global market in 2017 and the trend is expected to continue. The hospitals segment has been divided into private and public. The public sub-segment held major share of 70 percent of the hospitals segment in 2017. The sub-segment is likely to expand at a higher CAGR. Growth of the sub-segment can be attributed to the availability of multiple service options and devices in hospitals and tie-ups with healthcare companies to enhance service offerings. Hospitals are preferred due to availability of advanced technology and better healthcare services. This in turn drives the demand for examination, operating, and physical therapy electric tables in the market.

Europe expected to dominate global market

In terms of region, the global examination, operating, and physical therapy electric tables market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe dominated the global market in 2017 owing to a highly developed healthcare sector, increase in awareness among healthcare providers about safe patient handling, and continuous evolution of patient handling technology. Germany was the leading market in the region, accounting for major market share in 2017. The market in the country is projected to expand at the highest CAGR. Latin America is anticipated to be the most promising market due to high investments by major players in countries in the region.

Biodex to lead global market

The global examination, operating, and physical therapy electric tables market is semi-consolidated in terms of number of players. Key players in the global market include Getinge AB, Hill-Rom Services, Inc., STERIS plc, Oakworks Medical, Biodex, STORZ MEDICAL AG, Dornier MedTech GmbH, Merivaara Corp., Malvestio Spa, and Medisa. Biodex and Oakworks Medical were the market leaders in 2017 and are expected to dominate the market. Organic growth strategies, introduction of new & advanced innovative products, and strengthening of product portfolio through partnerships and mergers with domestic & multinational players are the major strategies adopted by these players. – Transparency Market Research