Patient Positioning Systems Market Size, Sector / Industry Report & Analysis, 2018-2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Patient Positioning Systems Market


The global patient positioning systems market size was valued at USD 942.8 million in 2016 and is expected to expand at a CAGR of 4.7% during the forecast period. Growing geriatric population, increasing prevalence of cancer, rising awareness among patient population, and surging expenditure on diagnostic procedures are expected to boost the patient positioning systems market during the forecast period.
Technological advancements in sensors, such as optic fiber technology, cancer tracking sensors, and MEMS sensors, is expected to fuel market growth. These systems help keep patients in a comfortable and stable position during radiotherapy as well as treatment delivery. The growth of this market is further supplemented by increasing prevalence of cancer.
 
According to the World Cancer Report published by the WHO, the prevalence of cancer is estimated to reach 15 million new cases per year by 2020. The National Cancer Institute estimated that 1,685,210 new cases of cancer may have been diagnosed in 2016 in U.S. alone. This steady increase in disease prevalence acts as a driver for R&D investment in the industry.
Increasing awareness about and rising expenditure on diagnostic procedures is also expected to increase the demand for patient positioning systems in the market. According to the National Health Services (NHS), there were 42.1 million diagnostics imaging tests performed in U.K. in the year 2016-2017. An increase of 3.6% was recorded in the number of diagnostic imagining tests performed when compared to the previous year. Additionally, there are many awareness campaigns regarding early cancer diagnosis such as the National Awareness and Early Diagnosis Initiative (NAEDI) in U.K. and Breast Cancer Now in U.S., which are expected to increase the demand for diagnostic imaging procedures. This, in turn, is expected to increase the demand for patient positioning systems.

Market Segmentation, Outlook & Viewpoint: Global Patient Positioning Systems Market


Product Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Tables

Accessories


Application Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Surgery

Diagnostics

Other


End-use Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Hospital

Ambulatory Centers

Other


Key Players, Recent Developments & Regional Insights: Global Patient Positioning Systems Market


The products analyzed in this study include tables and accessories. The tables segment is expected to dominate the market owing to increased demand and rising number of hospitals, ambulatory centers, and other settings such as specialty centers and diagnostics centers.
The tables segment is expected to retain its lead over the forecast period due to rising demand for efficient and accurate diagnostic imaging, which is creating growth opportunities for the segment.
The accessories segment is expected to witness the fastest growth in the market, owing to increasing number of patients undergoing different types of surgeries and diagnoses. There is a greater demand for diagnosis in developing countries such as India and China, which may drive sales of patient positioning systems over the forecast period.
Application Insights
Based on application, patient positioning systems are segmented into diagnostics/imaging, surgery, and others. The surgery segment held the largest share owing to increasing prevalence of chronic diseases such as cancer. Additionally, there is an increase in healthcare expenditure globally. This is anticipated to further supplement the growth of this application.
The diagnostics segment is estimated to grow at a lucrative rate over the forecast period, due to increasing expenditure on diagnostics/imaging, globally.Diagnostics tests represent more than 3.0% of the total healthcare spending. These tests also play a major role in a doctor’s decision-making process. Almost all cancer diagnoses are based on laboratory tests and their results.
End-use Insights
By end use, the market for patient positioning systems is categorized into hospitals, ambulatory centers, and others. Hospitals are identified as the largest segment owing to increasing healthcare expenditure globally. Additionally, increasing number of hospitals across the globe is anticipated to drive demand in this market.
 
However, the ambulatory segment is expected to grow at a faster rate. As the number of these centers soars in developed as well as developing countries, they help alleviate the pressure on hospitals and clinics. There are approximately 5,229 Ambulatory Surgical Centers (ASCs) certified by Medicare in U.S.

Regional Insights
North America held a dominant share of 34.2% in 2016 owing to rising prevalence of chronic and lifestyle-related diseases and presence of sophisticated healthcare infrastructure. In addition, local presence of major market players in U.S., such as Hill-Rom Holdings, Inc.; Stryker Corporation; Medline Industries; Skytron, LLC; and SchureMed, is expected to boost the growth of the market for patient positioning systems in North America.
Europe is also expected to hold a lucrative share during the forecast period due to a flourishing medical device industry in U.K., France, and Germany, in addition to rising avenues for market participants in this region. Asia Pacific is expected to register a higher CAGR as compared to other regionsover the forecast period, which can be attributed to increasing geriatric population and increasing healthcare expenditure in this region.
Patient Positioning Systems Market Share Insights
Some of the major players in this space are Medtronic; Hill-Rom Holdings, Inc.; Stryker Corporation; Medline Industries; Skytron, LLC; OPT SurgiSystems Srl; SchureMed; Smith & Nephew; STERIS plc; and Leoni.
These players focus on growth strategies such as collaborations, mergers and acquisitions, and approvals. For instance, in September 2016 Hill-Rom Holding, Inc. acquired Medication, Inc. Medication has a strong clinical trial pipeline in the oncology market and through this acquisition, Hill Rom hopes to accelerate the process of gaining market leadership in the oncology segment.

Key Insights Covered: Global Patient Positioning Systems Market
1.  North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Patient Positioning Systems industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Patient Positioning Systems industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Patient Positioning Systems industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Patient Positioning Systems industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Patient Positioning Systems industry.

Research Methodology: Global Patient Positioning Systems Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other