USD 1.24 billion
Report ID:
SQMIG35A2522 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|Tables:
89
|Figures:
76
Global Patient Positioning Systems Market size was valued at an estimated USD 1.24 billion in 2022 and is expected to rise from USD 1.29 billion in 2023 to reach a value of USD 1.83 billion by 2031, at a CAGR of 4.4% during the forecast period (2024–2031).
The global patient positioning systems market is anticipated to increase throughout the forecast period as a result of the rising elderly population, rising cancer prevalence, rising patient awareness, and rising spending on diagnostic procedures. The main drivers driving this market for patient positioning equipment are technological advancements and the increased prevalence of non-communicable disorders. As an illustration, Mireye debuted their intelligent imaging technology in February 2022, which automates the patient positioning procedure for X-ray scans.
The market for patient positioning devices continues to be driven by rising hospital spending in operating room upgrades. For instance, the Alberta government pledged $100 million in March 2020 to modernize hospital operating rooms. The number of people being admitted to hospitals increased significantly as a result of the COVID-19 pandemic. Most healthcare infrastructure crumbled under the enormous weight of patients afflicted by COVID-19 since the healthcare sector was unprepared for this level of hospitalization.
Governments of various nations are focusing on identifying the gaps in their healthcare infrastructure and taking steps to fill them as the pandemic begins to fade and the sector returns to normal. The global upgrade of healthcare facilities is expected to help the market for patient positioning systems. For instance, the Mangaluru, India-based A J Hospital announced in July 2021 the installation of Ultra-Modern CT equipment, the 128 Slice Dual Energy CT scanner with AI. This device employs AI to support technicians during scanning and optimize patient location.
The market's demand for patient positioning systems is also anticipated to rise with more awareness and rising spending on diagnostic procedures. The National Health Services (NHS) estimates that from September 2020 to August 2021, 40.3 million imaging tests were conducted in England. The National Awareness and Early Diagnosis Initiative (NAEDI) in the UK is one of many awareness programmers for early cancer diagnosis. As a result, it is anticipated that demand for patient positioning systems would rise.
US Patient Positioning Systems Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1.24 billion
Largest Segment
Tables
Fastest Growth
Accessories
Growth Rate
4.4% CAGR
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The global patient positioning systems market is segmented based on product, application, and region. With respect to segmentation by product, the market is segmented into tables, and accessories. Based on application the market is classified into surgery, diagnostics, and others. In terms of end-use, the market is segmented into Hospital, ambulatory centers, and others. Regionwise, the global patient positioning systems market is widespread into North America, Europe, Asia-Pacific, South America, and MEA.
Patient Positioning Systems Market Analysis by Product
The tables and accessories included in this study's analysis of items. With a market share of over 79% in 2022, the tables category is anticipated to dominate because of the rising demand and an increase in hospitals, ambulatory centers, and other settings including specialized centers and diagnostics centers. Due to potential for growth presented by the increased demand for reliable and effective diagnostic imaging, the tables segment is anticipated to maintain its dominance during the forecast period.
On account of the rise in the number of patients having various diagnoses and procedures, the accessories market sector is anticipated to develop at the fastest rate. In growing nations like China and India, there is a higher demand for diagnosis, which could boost sales of patient positioning systems over the projection period. To meet consumer demand, Hill-Rom Services, Inc., STERIS, and other companies provide a wide selection of accessories.
Patient Positioning Systems Market Analysis by Application
Patient positioning systems are divided into categories for diagnostic/imaging, surgery, and other uses. Due to the rising incidence of chronic disorders like cancer, the surgical segment retained the greatest proportion of almost 45% in 2021. Additionally, healthcare expenditure has increased globally. It is believed that this will further support the expansion of this application. In addition, it is projected that a rise in surgical operations conducted in connection with technological developments will drive the market.
Due to rising diagnostic/imaging spending globally, the diagnostics segment is anticipated to increase at a profitable pace over the projection period. More than 3.0% of overall healthcare spending goes on diagnostic tests. A doctor's decision-making process is significantly influenced by these tests as well. The results of laboratory tests form the basis for almost all cancer diagnoses. Additionally, the rise in the rate of geriatric population and the rising need for chronic disease diagnosis are likely to increase the need for diagnostics, which would in turn promote market expansion.
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North America held a dominant share of more than 33% in 2022 because of its sophisticated healthcare system, rising prevalence of chronic diseases, and lifestyle-related ailments. The local presence of important market players in the U.S., such as Hill-Rom Holdings, Inc., Stryker Corporation, Medline Industries, Skytron, LLC, and SchureMed, is also projected to promote the growth of the patient positioning systems market in North America.
The Asia-Pacific region, on the other hand, is predicted to grow quickly and profitably between 2022 and 2029 as a result of the region's large population, rising rates of chronic diseases, rising standards of living, and expanding demand for high-quality medical care.
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Patient Positioning Systems Market Drivers
Increasing Prevalence of Chronic Diseases
Patient Positioning Systems Market Restraints
High Cost of Patient Positioning Systems
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The market is fragmented, with both large and minor industrial players. To increase their market share, major players are implementing business strategies including diversified product offerings, company growth, joint ventures, geographical expansion, and new product launches. For instance, in October 2021, Esaote, an Italian biomedical business, launched the new "Magnifico Open" system, which revolutionized complete body magnetic resonance imaging. Fast and comfortable patient positioning is made possible by the open magnet and the accessible patient table. In the same way, Canon Medical unveiled a premium motor-positioning digital radiography system in November 2020 for patient care and maximum efficiency.
Patient Positioning Systems Market Top Player’s Company Profiles
Patient Positioning Systems Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global patient positioning systems market analysis, we found that the rising elderly population, rising cancer prevalence, increase in patient awareness, and speedy inventions and discoveries in diagnostic procedures are the key growth drivers. The main drivers driving this market for patient positioning equipment are technological advancements and the increased prevalence of non-communicable disorders. The aging population and increasing prevalence of chronic diseases such as cancer, cardiovascular diseases, and orthopedic conditions are driving the demand for patient positioning systems that provide comfort, stability, and accessibility. This trend is driving the development of specialized positioning systems for specific medical conditions, such as radiation therapy positioning systems and orthopedic positioning systems.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 1.24 billion |
Market size value in 2031 | USD 1.83 billion |
Growth Rate | 4.4% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Patient Positioning Systems Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Patient Positioning Systems Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Patient Positioning Systems Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Patient Positioning Systems Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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Report ID: SQMIG35A2522
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