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Surgical Tables Market to Exceed US$837.1 mn in 2017

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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 likely to rise to US$1,014.3 mn by 2022 at a steady 3.9% CAGR.
Surgical Tables Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2017 - 2022
The global surgical tables market has made rapid progress in the last few
years. The primary driver responsible for this has been the rapid growth of
the healthcare sector in developed regions, as this has provided the surgical
tables market with a growing demand channel. This is likely to remain the
key driver for the global surgical tables market in the coming years due to the
strong growth prospects of the healthcare sector. The growing importance of
surgical tables in surgical procedures is likely to propel the global surgical
tables market, as this will drive significant product development in the
coming years, leading to growing demand.
Browse Full Research Report:
https://www.transparencymarketresearch.com/surgical-tables-market.html
According to Transparency Market Research, the global surgical tables
market was valued at US$837.1 mn in 2017 and is likely to rise to
US$1,014.3 mn by 2022 at a steady 3.9% CAGR. The growth of the market
is supported by the favorable economic and regulatory environment in key
regional segments and is thus likely to continue unhindered in the coming
years.
Developed countries in North America and Europe are likely to remain the
leading contributors to the global surgical tables market in the coming years.
The North America market for surgical tables was valued at US$246.9 mn in
2017. Driven by the favorable prospects of the healthcare industry in North
America, the surgical tables market in the region is likely to rise to a
valuation of US$301.5 mn by 2022. This represents a strong 4.1% CAGR
through the 2017-2022 forecast period, indicative of the likely dominance of
North America in the global surgical tables market in the coming years.
The Europe market accounted for a significant 27.8% share in the global
surgical tables market in 2017 due to the presence of strong government
support to the development of an indigenous healthcare sector. A number of
leading medical device companies are based in Europe due to the presence of
longstanding traditions of workmanship, which is likely to drive the surgical
tables market in Europe in the coming years. Despite an expected fall in its
global market share over the 2017-2022 forecast period, Europe is likely to
remain relevant to global market dynamics in spite of the growing
prominence of Asia Pacific
The vast scope of unmet demand in emerging regions such as Asia Pacific is
likely to remain a key driver for the global surgical tables market in the
coming year. Underdeveloped countries in Latin America and the Middle
East are also likely to become major contributors to the surgical tables market
in the coming years. The Asia Pacific except Japan market for surgical tables
is expected to be valued at US$244 mn by 2022, exhibiting a 4.1% CAGR in
the 2017-2022 forecast period. Japan accounted for 9.6% of the global
surgical tables market in 2017 and is likely to remain a steady contributor to
the global surgical tables market.
The Middle East and Africa could also play an important role in the global
surgical tables market’s development in the coming years. Prospering
economies in the Middle East have become major players in the global
healthcare sector in recent years due to the growing economic clout of these
countries. The widespread lack of advanced medical infrastructure in Africa
could become a key driver for the surgical tables market if the healthcare
sector in the region managed to get aid from more prosperous economies.
The Middle East and Africa accounted for 4% of the global surgical tables
market in 2017.
The global surgical tables market is likely to remain fragmented in the
coming years due to the presence of a disbanded opportunity across the
world. Leading companies in the market include AMTAI Medical
Equipment, Inc., Allengers Medical Systems Limited, C-RAD AB, Getinge
AB, Skytron Inc., STERIS, Elekta AB, Span America Medical System Inc.,
and Stryker Corporation.
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