A
rapidly emerging sector, the global electric tables
market is buoyant with a large number of players finds a latest
market research report by Transparency Market Research (TMR). As comfort and
convenience become an important aspect of rendering treatment today, the need
for equipment that reduce stress and make treatment pain-free is increasing. As
a result, the competition in the global electric tables market is predominantly
driven by launch of new products built on latest technology.
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A
fair section of the market for electric tables is also focusing on products
that cater to specific requirements, for instance, tables that suit
sophisticated diagnostic tests such as MRI, CT Scan, X Ray, etc. Besides this,
the need to acquire a large proportion of the healthcare industry stokes
competition in the global electric tables market.
TMR
analysts in this latest report find that the global market for electric tables
was valued at US$200.3mn in 2017. Further, they predict that this market with
huge potential will grow at a stable 3.6% CAGR during the forecast period
2018-2026.
Expanding
at a sustainable rate, it is predicted that Europe will emerge as the largest
region in the global electric tables market in terms of revenue. The increased
focus on better healthcare and people-specific policies aim at making
healthcare affordable and accessible. This may garner demand from this region
in the coming years. At the same time, urology tables will emerge as a
promising segment during the forecast period, TMR analysts state. The sharp
increase in kidney treatment procedures like endoscopy, urethroscopy, PCNL, and
more, will push for growth from this sector in the global electric tables
market.
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Modern Equipment for Treatment to Augment
Demand
It is beyond acceptable today that technology drives a large volume of
people to take up treatment. This is because, latest equipment have enabled
sophisticated and complicated procedures to be rendered in an easy and
pain-free manner. For instance, a person with renal calculi or kidney stones
can be treated with endoscopy using a lower-body anesthesia, and the patient
can walk out of the hospital next day. Convenience and comfort has become an
integral part of healthcare making stringent procedures like brain surgeries
simple. As modern equipment make way to the new-age operation theaters, the
need for products in the electric tables market will continue to grow.
Besides this, as most parts of the world realize the importance of
healthcare, the budget allocated for healthcare is steadily rising, especially
in emerging economies. This hints at a trend where in the next few years,
players in the global electric tables market will witness demand from public
hospitals. Not just that, a large section of the private hospitals are focusing
are expanding their range of specialty that will further allow companies in the
global electric tables market to make in-roads in the coming years.
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Therapy Area Specific Requirement to Open New
Opportunities
While healthcare on one hand become all about rendering care at one
place, it is also becoming niche and specific. That is, most prominent hospital
across the globe prefer to become super-specialty set-ups where a patient
walking in is able to receive treatment not only for one problem but also for
conditions that are related to it. For instance, a victim of trauma may need
the attention of a physiotherapist. So, the requirement for electric table in
an operation theatre is different from what a physiotherapist will need. This
will stimulate demand for different types of products in the global electric
tables market.
Not only this, as new procedures and treatment measures surface in the
next few years, they will open doors for fresh requirements in the global
electric tables market. Technology will drive most innovation in the coming years.
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The study presented above is based on a Transparency Market Research
report titled “Electric Tables Market for Physical Therapy, Examination and
Operating (Product - Ultrasound Tables, Pain Management C-arm Urology Tables,
Urology Tables, Lithotripsy Tables, Physical Therapy Tables, Procedure Chairs
(excluding dental); End user - Hospitals (Public, Private), Ambulatory Surgery
Centers) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
2018 – 2026.”
The global electric tables market is segmented based on
Product
·
Ultrasound
tables
·
Pain
management
·
C Arm
urology tables
·
Urology
tables
·
Lithotripsy
tables
·
Physical
therapy tan;es
·
Procedure
chairs
End User
·
Hospitals
·
Private
·
Public
·
Ambulatory
Geography
·
North America
o
The
United States
o
Canada
o
Mexico
·
South America
o
Brazil
o
Argentina
o
Chile
·
Europe
o
The
United Kingdom
o
Germany
o
Italy
o
France
o
Spain
·
Asia Pacific
o
India
o
China
o
Singapore
o
Malaysia
o
South
Korea
o
Japan
·
Rest of the World
o
Australia
o
The
United Arab Emirates
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