Ophthalmic Operating Tables Market

Ophthalmic Operating Tables Market Outlook (2023 to 2033)

The Global Ophthalmic Operating Tables Market recorded a historic CAGR of 3% in the last 10 years from 2012 to 2022 and reached US$ 151 million in 2022. As studied by Persistence Market Research, the global market is estimated to evolve at a CAGR of 4.5% to reach a valuation of US$ 244.3 million by the end of 2033.

• Electro-hydraulic operating tables are expected to account for a market value of US$ 59.5 million by 2033.
• Ophthalmic operating table sales accounted for 13.5% revenue share of the global operating table market in 2022.

Ophthalmic operating tables are used during surgery in operation theaters. The main purpose of an ophthalmic operating table is to perform surgery with accuracy and facilitate high patient comfort. This report analyzes product demand from general hospitals, academic research institutes, ophthalmic clinics, and others.

Typically, hospitals require different types of surgical chairs, tables, and stretchers to perform various procedures and surgeries, including ophthalmic surgeries. However, in recent years, a trend has emerged where a single table system is used for various procedures. These all-in-one systems include a range of accessories for performing ophthalmic procedures.

Since surgical methodologies become more specialized, they have become the centerpiece of the operating room. New technologies and process development have ensured progress in the manufacturing of ophthalmic operating tables. Through various innovations, operating tables are being designed according to the needs of patients and ophthalmologists.

What Opportunities Await Ophthalmic Operating Tables Market Manufacturers?

“Increasing Number of Ophthalmic Surgeries Transforming Operating Sector”

In recent years, the number of ophthalmic surgical procedures has increased. During ophthalmic surgical procedures, patient comfort needs to be ensured, especially during operations involving delicate organs. Demand for ophthalmic surgical tables is increasing with the increase in surgical procedures across the world.

The most common cause of blindness in people over 40 years is cataracts. There are numerous reasons for the development of cataracts in humans, such as diabetes, hypertension, obesity, steroid use, and ultraviolet radiation.

For example,

• The most common surgical treatment in all therapeutic areas is cataract extraction, with an estimated 3.7 million cases annually in the United States, 7 million in Europe, and 20 million worldwide.

The introduction of new technologies in operating tables is expected to result in high adoption rates and drive market growth. Manufacturers are channelizing more resources to research and development to introduce cost-effective and advanced tables. Increased R&D operations by leading firms will result in the introduction of new technologies. This is expected to increase the demand for these products, resulting in steady market growth throughout the forecast period.

Can Demand for Ophthalmic Operating Tables Be Affected in Any Way?

“Highly Fragmented Market Leading to Revenue Loss”

The market of ophthalmic operating tables is highly fragmented and there are a large number of small players in the market. The market is mature and due to a large number of manufacturers, the revenue of companies has declined and they are not seeing growth as strong as companies in other segments of the medical technology industry.

Increasing competition has also forced companies to lower the prices of their products to remain competitive in the market, resulting in a further decline in revenue. This is especially true in developing countries where there are very few trained ophthalmologists. In countries such as Kenya and Saudi Arabia, awareness of eye disease among the rural population is relatively low.

Country-wise Insights

Why is the United States Market for Ophthalmic Operating Tables Booming?

“Increasing Ophthalmic Surgeries in the Country”

The United States accounted for 94.8% share of the North American market in 2022 and is expected to continue to lead over the forecast period as well.

In the United States, a high number of ophthalmic surgeries are performed every year. More than 4 million cataract surgeries and IOL implantation/refractive cataract surgeries are carried out each year.

• Refractive corneal surgery, including LASIK, PRK, and SMILE, hit 900,000 procedures in 2021; and glaucoma surgery, including selective laser trabeculoplasty, peripheral iridotomy, MIGS, trabeculectomy, and tube shunt, is estimated at 400,000 procedures per year.

Thus, demand for ophthalmic operating procedures has increased in the country, thereby driving the value of the market in the United States.

Will Germany Be a Lucrative Market for Ophthalmic Operating Table Providers?

“More Number of Surgeries Being Carried Out by Eye Specialists”

Germany held 22.3% of the European market share in 2022.

Eye specialists and ophthalmologists are having to perform more number of ophthalmic surgeries, which is driving the market for ophthalmic operating tables in the country.

• Euroeyes performed the most ICL (Implantable Collamer Lens) surgeries in Germany in 2021. Manufacturing firms are looking beyond traditional markets for industrialized, traceable, secure, and compliant supply chains that include tables for ophthalmic operations to assure product quality as the market progresses.

How is China Emerging as a Prominent Market for Ophthalmic Operating Tables?

“Huge Government Investments in R&D and Rising Number of Manufacturers”

China held a leading share of 56.8% of the East Asian market in 2022.

The Government of China is striving to achieve self-sufficiency and one of its top priorities is to expand the biopharmaceutical business. The government is investing billions in biotech research and development.

• Scientific R&D spending reached US$ 291 billion in 2018 or a little over 2% of GDP, and the government plans to spend even more going ahead, which is 2.5 percent of GDP.

Companies in China spend a lot of money to provide quality services to patients. As the number of clinics increases so does the demand for positioning and handling equipment, including ophthalmic operating tables.

Category-wise Insights

Which Type of Ophthalmic Operating Table is Gaining Prominence?

“High Demand for Development and Manufacturing of Electro-hydraulic Operating Tables”

Electro-hydraulic operating tables accounted for 39.4% share of the global market in 2022.

Electro-hydraulic operating tables are in high demand in hospitals across the world as a result of advancements in the medical technology sector and a greater emphasis on comfort and safety by both surgeons and patients. These tables include traction frames, leg holders, and other characteristics for the patient's effective movement during a surgical procedure.

Which End User Setting Accounts for High Adoption Of Ophthalmic Operating Tables?

“Ever-growing Demand for General Hospitals Services”

General hospitals held a large market share of 43.6% and reached a market value of US$ 65.8 million in 2022.

Newly established general hospitals have given impetus to the market for ophthalmic operating tables with major investments. Continuous increase in the number of these hospitals is helping patients undergo outpatient surgeries, which, in turn, is encouraging surgeons to opt for MI procedures to treat many conditions as they reduce hospitalization costs and provide quick results. As a result, general hospitals account for the high demand for ophthalmic operating tables.

Competitive Landscape

To strengthen their product lines globally, leading manufacturers are developing technologically advanced products. Several major ophthalmic operating table manufacturers are engaging in consolidation activities such as mergers and acquisitions. Another important trend being seen in the industry is the expansion of corporate collaborations to boost production capabilities.

For instance:

• In September 2020, Mizuho Medical announced the acquisition of the Air Barrier System (ABS) from Nimbic Systems, Inc.
• In November 2020, STERIS Plc. acquired Key Surgical, a portfolio company of Water Street Healthcare Partners, LLC, which will help in strengthening, complementing, and expanding its product offerings and global reach.

Ophthalmic Operating Tables Industry Report Scope

Key Segments of Ophthalmic Operating Tables Industry Research

By Product:

• Manual Operating Tables
• Electric Operating Tables
• Hydraulic Operating Tables
• Electro-hydraulic Operating Tables

By End User:

• Biopharmaceutical Companies
• General Hospitals
• Academic & Research Institutes
• Ophthalmic Clinics
• Others

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East & Africa

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