Patient Positioning Systems Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Product Type (Tables (Surgical Tables, Radiolucent Imaging Tables, Examination Tables), Accessories, Others); Application (Surgeries, Disease Diagnosis, Cancer Therapy); End-User (Hospitals, Ambulatory Surgical Centers, Diagnostic Laboratories, Others); Region/Country
The patient positioning systems market is expected to register a CAGR of approx. 4% over the period of 2022-2028. A patient positioning system is basically a medical device used to hold a patient in the desired position or to immobilize a patient during surgery. Patient support systems are also called repositioning aids or devices. It is also used during cancer/radiation therapy or precision therapy in various hospitals, ambulatory surgery centers, diagnostic laboratories, etc. A patient positioning system is required for the elderly in daily activities, those recovering from surgery, injury, or other medical conditions, and those with permanent disabilities. They provide an easy and safe way to move and transfer patients, allowing them to move more independently. A patient positioning system can be a complex electronically operated machine or framework. These systems have a wide range of applications in healthcare, especially orthopedics, long-term care centers, and general medical equipment. The growing adoption of patient positioning systems can be attributed to the rising number of surgeries globally. According to the survey, more than 2400 surgical procedures are performed per year. The rising number of surgeries across the globe is leading to the growing demand for patient positioning systems and would contribute to the growth of the market in the forthcoming period as well. Furthermore, the patient positioning systems market is anticipated to grow on account of the growing awareness about the use of patient positioning systems, technological advancement and Innovation in the patient positioning systems, increasing consumer purchasing power, and availability of customized patient positioning systems. However, some of the restraints in the market including the high cost of the patient positioning system and the Implementation of excise duty on the sale of taxable medical devices are impeding the growth of this market all over the world.
The latest surgical procedures such as minimally invasive surgery and robotic surgery face various challenges in locating the patient safely and providing full accessibility to the site for surgery. More and more robotic surgeries requiring more specific positioning devices have driven the growth of the patient positioning systems market. For instance, according to the survey, the use of robotic surgery climbed 8.8% in the first four years after hospitals introduced it, while laparoscopic procedures fell from 53.2% to 51.3%. Three-quarters of the hospitals in the study offered robot-assisted surgery in 2018, and the percentage of surgeons operating at those hospitals who did at least some of their operations with the help of a robotic system rose from 10% to more than 30%. Sports medicine uses a variety of patient positioning devices, including distractions for arthroscopic procedures and small incisions. Advances in the medical field provide new and better hospital equipment for complex surgeries. The operating table is one of the most important elements in the field of surgery.
Medtronic plc, Stryker Corporation, Hill-Rom Services Inc, Medline Industries Inc, OPT SurgiSystems S.r.l, Skytron, LLC, SchureMed, STERIS plc, Smith & Nephew, Patient Positioning Systems LLC are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst Product, the tables category accounted for the majority share in the market in 2020”
Based on the product, the patient positioning systems market is segmented into tables, accessories, and others. The tables segment accounted for a significant market share, and it is estimated that it will grow rapidly during the projected timeframe due to the growing demand and number of hospitals, ambulatory centers, and other facilities, as well as the increasing demand for efficient and accurate diagnostic imaging. Moreover, the factors that can be attributed to the technological advancements in the tables and increasing awareness regarding image-guided surgeries are accelerating the demand for the tables segment.
“Among Applications, the surgeries are expected to witness considerable CAGR during the forecast period”
Based on application, the market is fragmented into surgeries, disease diagnosis, and cancer therapy. the surgeries segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period due to healthcare costs rising around the world, and so is the prevalence of chronic diseases such as cancer. Moreover, technological advancements and an increasing number of surgical procedures are likely to aid the segment growth of this market
“Among End-Users, the hospitals are expected to witness the considerable CAGR during the forecast period”
Based on end-user, the market is bifurcated into hospitals. Ambulatory surgery centers, diagnostic laboratories, and others. The hospitals segment accounted for a significant market share, and it is estimated that it will grow rapidly during the projected timeframe with an Increasing number of hospitals worldwide is expected to boost the demand in this market. Hospitals are therefore an integral part of the healthcare industry and an important source of revenue for the entire sector that fosters research and innovation. In addition, the rise in the flow of a patient in hospitals and the need for the latest equipment in the hospitals are likely to boost the segment of the market.
“North America to witness significant growth during the forecast period”
For a better understanding of the market dynamics of the patient positioning systems market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. North America constitutes a major market for the patient positioning systems market industry and generated revenue owing to the increasing incidence of chronic diseases, improving the standard of living, and the demand for quality medical care is increasing in the region.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
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- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|1.4.||Currency used in Report|
|2.1.||Research Process of the Patient Positioning Systems Market|
|2.2.||Research Methodology of the Patient Positioning Systems Market|
|2.5.||Main Objective of the Patient Positioning Systems Market Study|
|5||IMPACT OF COVID-19 ON THE PATIENT POSITIONING SYSTEMS MARKET|
|6||GLOBAL PATIENT POSITIONING SYSTEMS MARKET REVENUE (USD BN), 2020-2028F|
|7.1.2.||Radiolucent Imaging Tables|
|9.2.||Ambulatory Surgical Centers|
|10.1||NORTH AMERICA PATIENT POSITIONING SYSTEMS MARKET|
|10.1.3||Rest of North America|
|10.2||EUROPE PATIENT POSITIONING SYSTEMS MARKET|
|10.2.6||Rest of Europe|
|10.3||ASIA PACIFIC PATIENT POSITIONING SYSTEMS MARKET|
|10.3.5||Rest of Asia Pacific|
|10.4||REST OF THE WORLD PATIENT POSITIONING SYSTEMS MARKET|
|12||PATIENT POSITIONING SYSTEMS MARKET OPPORTUNITIES|
|13||PATIENT POSITIONING SYSTEMS MARKET TRENDS & INSIGHTS|
|14||LEGAL & REGULATORY FRAMEWORK|
|15.1||Demand Side Analysis|
|15.2||Supply Side Analysis|
|16||VALUE CHAIN ANALYSIS|
|17.1.1||Porter’s Five forces analysis|
|18.3.||Hill-Rom Services, Inc|
|18.4.||Medline Industries, Inc|
|18.5.||OPT SurgiSystems S.r.l|
|18.9.||Smith & Nephew|
|18.10.||Patient Positioning Systems LLC|
Research Methodology for the Global Patient Positioning Systems Market Analysis (2022-2028)
Analyzing the historical market, estimation of the current market, and forecasting the future market of the global patient positioning systems market were the three major steps undertaken to create and analyze the adoption of patient positioning systems in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global patient positioning systems market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the patient positioning systems market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the patient positioning systems market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as product, application, and end-users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the patient positioning systems market. Further, we conducted factor analysis using dependent and independent variables such as the increasing prevalence of cancer, growing geriatric population and rising awareness among the patient globally. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the patient positioning systems market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global patient positioning systems market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the patient positioning systems market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global patient positioning systems market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global patient positioning systems market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of products, applications, and end-users in the global patient positioning systems market.
The main objective of the Global Patient positioning systems Market Study
The current & future market trends of global patient positioning systems market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the patient positioning systems market in terms of Value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of product, application, and end-users.
- Define and analysis of the regulatory framework for the patient positioning systems market industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the patient positioning systems market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and Rest of the world.
- Company profiles of the patient positioning systems market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry