Back table, cart covers market to see 3% CAGR till 2027
November 04, 2019 - United States Of America
The global back table and cart covers market was valued at $720 million in 2018 and is projected to expand at a compounded annual growth rate (CAGR) of around 3 per cent from 2019 to 2027, according to a market intelligence report, which said this will be driven by a rise in the geriatric population and an increase in the number of surgeries.
Europe accounted for a prominent share of the global back table and cart covers market in 2018, due to the increasing number of operation theatre facilities, rising incidence of various types of hospital-acquired infections, and rapid adoption of technologically-advanced products, said the report by US-based Transparency Market Research.
In the Asia Pacific, this market is expected to expand at a high CAGR of around 4 per cent from 2019 to 2027 due to the rise in related awareness, adoption of expansion strategies and new product launches.
Rise in the geriatric population directly boosts the development of back table and cart covers. This is primarily because the geriatric population is highly susceptible to chronic diseases and is likely to undergo different surgeries. Increase in injury cases is also a key reason for the high demand for back table and cart covers.
In terms of region, the global back table and cart covers market has been classified into North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Europe is anticipated to account for a leading share of the global back table and cart covers market during the forecast period, owing to an increase in the number of patients suffering from hospital-acquired infections.
In the Asia Pacific region, India, China and South Korea are expected to be highly lucrative markets for these in the near future. China is likely to maintain its dominance in Asia Pacific during the forecast period, owing to an increase in the number of hospitals due to the rising number of surgical procedures.