Patient Positioning Systems Market Size by Product (Tables (Surgical Table, Imaging Table, Examination Table), Accessories, Application (Surgery, Diagnosis, Cancer Treatment), End User (Hospitals, ASCs, Diagnostic Labs)) & Region - Global Forecast to 2027
The global size of patient positioning systems market in terms of revenue was estimated to be worth USD 1.4 billion in 2022 and is poised to reach USD 1.7 billion by 2027, growing at a CAGR of 4.0% from 2022 to 2027. The research study consists of an industry trend analysis, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market.
Growth of the market is attributed to the increasing preference for minimally invasive surgeries and rising funding for new healthcare facility establishment. Moreover, Emerging markets are expected to offer lucrative opportunities for market players in the next five years due to growing early disease diagnosis, infrastructural development, and the expanding presence of global players.
Global Patient Positioning Systems Market Trends
e- Estimated; p- Projected
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Patient Positioning System: Market Dynamics
Driver: Rising government funds for hospital expansions
With the rising prevalence of chronic diseases and growing preference for minimally invasive procedures, the number of hospitals offering treatments with specialized staff and equipment is increasing. Moreover, hospitals with surgical equipment aim to invest in innovative technologies and expand operating rooms to meet patient requirements. For instance:
- In May 2022, The University of Colorado Anschutz Medical Campus announced that it would make a $200 million investment over the next five years to create the Gates Institute, a research and treatment center that will focus on the development of new regenerative, cellular, and gene therapies for a variety of serious illnesses.
- In October 2021, the Scottish Government invested Euros 300 million in the winter funding package to increase the capacity of NHS hospitals and primary care centers.
Restraint: Implementation of excise duty on taxable medical devices
Under the Patient Protection and Affordable Care Act, the US government imposed an excise tax of 2.3% on the domestic sales of Class I, II, and III medical devices. This tax applies to medical devices manufactured or imported into the US. Due to this implementation, the market for patient positioning systems, which falls under Class I and II medical devices, will be affected in the US. The tax imposition will also reduce manufacturers' profit margins; as a result, the prices of medical devices are expected to increase in the country. This, in turn, will lead to a subsequent delay in purchasing new instruments, negatively impacting market growth to a certain extent.
The US is a major market for patient positioning systems and thus, the imposition of excise tax on medical devices in the country is expected to affect the patient positioning systems market on a global level.
Opportunities: Emerging markets
Emerging countries such as India, China, and Brazil are expected to offer potential growth opportunities for market players in the coming years. The large population, especially in India and China, offers a sustainable market for patient positioning systems. Lifestyle changes and poor dietary habits in these regions have increased the prevalence of chronic diseases such as cancer and CVDs. For instance, according to GLOBOCAN, China accounted for 24% of newly diagnosed cases and 30% of cancer-related deaths worldwide; this number is expected to increase by 2030. Similarly, the incidence of cancer in India has surged from 1.1 million in 2018 to 1.3 million in 2020.
Considering the potential growth opportunities in these countries, major players are focusing on undertaking various strategic developments, such as entering into distribution agreements with local players, to increase their market presence.
Challenges: Availability of refurbished patient positioning systems
The availability of refurbished patient positioning systems is considered a challenge to market growth. DRE Medical, Inc. (US), Future Health Concepts (US), and Soma Technology, Inc. (US) are some of the companies offering refurbished patient positioning systems in the market. Several end users are currently opting for refurbished systems due to the declining healthcare expenditure in major global healthcare markets. Moreover, end users prefer using cost-effective systems in developing countries, which are considered price-sensitive markets. Considering these factors, the demand for refurbished patient positioning systems is expected to increase in the coming years as these systems offer the same functionalities as new equipment at a lower cost. This, in turn, is expected to hamper the revenue of companies offering branded patient positioning systems in the market.
Patient positioning systems Market Ecosystem:
Source: Knowledge Store
By product type, the tables segment of the patient positioning systems industry accounted for the largest share during the forecast period.
Based on product, the patient positioning systems market is segmented into tables, accessories, and others. The tables segment accounts for the largest share of the patient positioning systems market. As minimally invasive surgery creates a demand for technologically enhanced operating tables, the rising advancements in this field are expected to provide significant growth opportunities for market players.
By application type, the cancer therapy segment of the patient positioning systems industry is expected to witness the highest growth during the forecast period.
Based on application, the patient positioning systems market is segmented into cancer therapy, surgery, and disease diagnosis. The cancer therapy segment is expected to witness the highest growth during the forecast period. Cancer therapies such as radiation therapy or proton therapy/precision therapy specifically treat the part of the body containing tumors. Using patient positioning systems in cancer therapy reduces discomfort and complications and ensures better outcomes. Thus, increasing awareness of proton therapy and other cancer therapy segments is expected to drive market growth for this application segment.
By End User, Ambulatory Surgical Centers segment of the patient positioning systems industry to grow at the fastest rate during the forecast period.
Based on end user, the global patient positioning systems market is segmented into hospitals and clinics, Ambulatory Surgical Centers, diagnostic laboratories, and other end users. ASCs significantly help improve the quality of care while simultaneously reducing the cost of procedures. As a result of these advantages, an increasing number of patients are opting to undergo procedures at ASCs, further supporting the growth of the segment.
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North America is expected to be the largest market of the patient positioning systems industry during the forecast period.
North America commanded the largest share of the patient positioning systems market in 2021. Its large share can be attributed to rising number of surgical procedures, growing investments by hospitals to upgrade operating rooms, and rising patient population. Moreover, growing geriatric population and rising prevalence of lifestyle diseases such as arthritis and obesity in this region are key contributors to the growth of the patient positioning system. As the increase in the number of these diseases requires patients to be hospitalized and depend on the patient positioning system, it aids in its growth.
As of 2021, prominent players in the patient positioning systems market are Stryker Corporation (US), Steris Plc. (US), Hill-Rom, Inc. (US), Getinge AB (Germany), C-RAD (Sweden), Smith & Nephew plc (UK), Guangzhou Renfu Medical Equipment CO, LTD (China), Medline Industries, LP. (US), Elekta AB (Sweden), Span America Medical Systems, Inc. (US), LEONI AG (Germany), Medtronic PLC (US), ORFIT INDUSTRIES N.V. (Belgium), Famed Zywiec Sp. z o. o (Poland), and Oncotech (Turkey) among others.
Scope of the Patient Positioning Systems Industry
|
Report Metric |
Details |
|
Market Revenue in 2022 |
$1.4 billion |
|
Projected Revenue by 2027 |
$1.7 billion |
|
Revenue Rate |
Poised to Grow at a CAGR of 4.0% |
|
Market Driver |
Rising government funds for hospital expansions |
|
Market Opportunity |
Emerging markets |
This report has segmented the global Patient positioning systems market to forecast revenue and analyze trends in each of the following submarkets.
By Product
-
Tables
- Surgical Table
- Radiolucent Imaging Table
- Examination Table
-
Accessories
- Radiotherapy Immobilization/ Fixation Products
- Other Accessories
- Other Patient Positioning System
By Application
- Surgery
- Disease Diagnosis
- Cancer Therapy
By End User
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Diagnostic Laboratories
- Other End Users
By Region
-
North America
- US
- Canada
-
Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
-
Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia Pacific
-
Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
Recent Developments of Patient Positioning Systems Industry
- In November 2022, C-RAD, a Swedish medical technology company, opens a precision radiation center in Faridabad, India.
- In July 2020, Hill-Rom Holdings Inc (US) launched surgical positioning innovations products named PST 500 Precision surgical table and Yellofins Apex Stirrups that provide caregivers with advanced OR technologies
- In September 2022, Getinge entered into a supply partnership with Medtronic, which recently received the CE mark for the Radiant-covered stent
- In September 2021, C-RAD and OPASCA entered collaboration. Radiation therapy departments have reached the next level of safety and accuracy with a solution combining C-RAD and OPASCA products, according to an agreement between C-RAD and OPASCA, a leader in innovative patient safety and workflow management solutions. C-RAD provides cutting-edge solutions ensuring exceptionally high precision, safety, and efficiency in advanced radiation therapy
Frequently Asked Questions (FAQ):
What is the projected market revenue value of the global patient positioning systems market?
The global patient positioning systems market boasts a total revenue value of $1.7 billion by 2027.
What is the estimated growth rate (CAGR) of the global patient positioning systems market?
The global patient positioning systems market has an estimated compound annual growth rate (CAGR) of 4.0% and a revenue size in the region of $1.4 billion in 2022.
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This study involved the extensive use of both primary and secondary sources. The research process involved the study of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, key market dynamics, and key player strategies.
Secondary Research
The secondary research process involves the widespread use of secondary sources, directories, databases (such as Bloomberg Businessweek, Factiva, and D&B Hoovers), white papers, annual reports, company house documents, investor presentations, and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and commercial study of the patient positioning system market. It was also used to obtain important information about the key players and market classification & segmentation according to industry trends to the bottom-most level and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.
Primary Research
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing and sales directors, technology & innovation directors, and related key executives from various key companies and organizations in the patient positioning systems market. The primary sources from the demand side include medical OEMs, Analytical instrument OEMs, CDMOs, and service providers, among others. Primary research was conducted to validate the market segmentation, identify key players in the market, and gather insights on key industry trends & key market dynamics.
A breakdown of the primary respondents is provided below:
*Others include sales managers, marketing managers, business development managers, product managers, distributors, and suppliers.
Note: Companies are classified into tiers based on their total revenue. As of 2021, Tier 1 = >USD 1 billion, Tier 2 = USD 500 million–1 billion, and Tier 3 = <USD 500 million.
To know about the assumptions considered for the study, download the pdf brochure
Market Estimation Methodology
In this report, the global patient positioning systems market size was arrived at by using the revenue share analysis of leading players. For this purpose, key players in the market were identified, and their revenues from the patient positioning system business were determined through various insights gathered during the primary and secondary research phases. Secondary research included the study of the annual and financial reports of the top market players. In contrast, primary research included extensive interviews with key opinion leaders, such as CEOs, directors, and key marketing executives.
To calculate the global market value, segmental revenues were calculated based on the revenue mapping of major solution/service providers. This process involved the following steps:
- Generating a list of major global players operating in the market
- Mapping annual revenues generated by major global players from the patient positioning system segment (or nearest reported business unit/product category)
- Revenue mapping of key players to cover major share of the global market , as of 2021
- Extrapolating the global value of the patient positioning system industry
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Data Triangulation
After arriving at the overall market size from the market size estimation process explained above, the global patient positioning systems market was split into segments and subsegments. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the market was validated using both top-down and bottom-up approaches.
Objectives of the Study
- To define, describe, and forecast the patient positioning systems market on the basis of product, application, end user, and region
- To provide detailed information regarding the major factors influencing the growth potential of the global market (drivers, restraints, opportunities, challenges, and trends)
- To analyze the micro markets with respect to individual growth trends, future prospects, and contributions to the global market
- To analyze key growth opportunities in the global market for key stakeholders and provide details of the competitive landscape for market leaders
- To forecast the size of market segments and/or subsegments with respect to five major regions, namely, North America (US and Canada), Europe (Germany, France, the UK, Italy, Spain, and the RoE), Asia Pacific (Japan, China, India, Australia, South Korea, and the RoAPAC), Latin America (Brazil, Mexico, and RoLATAM), and the Middle East & Africa
- To profile the key players in the global market and comprehensively analyze their market shares and core competencies
- To track and analyze the competitive developments undertaken in the global patient positioning system market, such as product launches, agreements, expansions, and & acquisitions
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the present global patient positioning systems market report:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolios of the top five companies
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Geographic Analysis
- Further breakdown of the Rest of Europe market into Russia, Belgium, the Netherlands, Switzerland, Austria, Finland, Sweden, Poland, and Portugal among other
- Further breakdown of the Rest of Asia Pacific market into Singapore, Taiwan, New Zealand, Philippines, Malaysia, and other APAC countries
- Further breakdown of the Latin American market into Colombia, Chile, Argentina, and Peru, among other
Generating Response ...
Growth opportunities and latent adjacency in Patient Positioning Systems Market