The global patient positioning systems market is projected to reach USD 1.7 billion by 2027 from USD 1.4 billion in 2022, growing at a CAGR of 4.0% during the forecast period. Rising technological advancements primarily drive the growth of this market in patient positioning systems, increasing surgical procedures due to chronic disease burden, rising accident-related injuries, and rising government funding for hospital expansions. However, the availability of refurbished patient positioning systems, taxable medical devices, and product recalls are expected to restrain the growth of this market during the forecast period.
The patient positioning systems business is very competitive, with both established companies and newcomers competing for the same market share. As of 2021, the key players operating in the global patient positioning system market are Hill-Rom, Inc. (US), Elekta AB (Sweden), Span America Medical Systems, Inc. (US), Smith & Nephew plc (UK), Guangzhou renfu medical equipment CO, LTD (China), Medline Industries, LP. (US), LEONI AG (Germany), Getinge AB (Germany), C-RAD (Sweden), Stryker Corporation (US), Steris Plc. (US), Medtronic PLC (US), ORFIT INDUSTRIES N.V. (Belgium), and Oncotech (Turkey) among others.
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Getinge AB (Germany)
To cogently improve the product & service portfolio in its three business sectors, Getinge has chosen prioritized categories. This prioritizing enables a more selective deployment of resources and concentrates expenditures on the product & service sectors with the greatest levels of consumer demand. Getinge implements its approach that has, over time, led to an improvement in both staff and customer satisfaction. In areas of expansion, the company's product lineup has been improved, and a bold sustainability agenda has been developed. The company focuses on R&D activities and product launches, which allows it to develop innovative new solutions and enhance existing products. The company’s R&D efforts include developing new products and enhancing existing products.
Stryker Corporation (US)
Stryker has a broad product portfolio. The company offers a diverse array of innovative products and services in orthopedics, medical and surgical, as well as neurotechnology and spine segments that help improve patient and hospital outcomes. The company focuses on product offerings in diverse therapy areas and strong R&D activities. Stryker puts a strong emphasis on research, development, and engineering activities for improving existing products and conducting the development of new products. In FY2020, the company invested USD 984 million in its R&D activities, which accounted for 6.9% of the company’s revenue. The continuous investment in R&D provides it a competitive advantage over its peers and enables it to deliver quality products to its clients.
Patient Positioning Systems Market by Product (Tables (Surgical Table, Imaging Table, Examination Table), Accessories, Application (Surgery, Diagnosis, Cancer Treatment), End User (Hospitals, ASCs, Diagnostic Labs)) - Global Forecast to 2027
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