Patient Positioning Systems Market Size Report, 2021-2027
The global Patient Positioning Systems market gathered revenue around USD 2.0 Billion in 2020 and market is set to grow USD 4.9 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 6.2% during the prediction period 2021 to 2027.
Growth Factors:
This market is expected to witness lucrative growth during through 2025 owing to rising awareness about and surging expenditure on diagnostic procedures. In addition, increasing prevalence of cancer and rising geriatric population are expected to assist in market growth.
According to the National Cancer Institute, in 2020, there were 1,685,210 new cases of cancer diagnosed in U.S. and 60.1 million cases globally. The most common types of cancer are breast cancer, prostate cancer, and colon and rectum cancer. This steady increase in disease prevalence acts as a driver for R&D investments in the industry. Increase in innovation has resulted in improved efficiency and accuracy of these systems in cancer therapy. These products keep patients immobile yet comfortable during radiotherapy. This is anticipated to supplement industry growth.
Rising expenditure on diagnostics procedures has been a strong force driving demand in the market. According to a research published by NCBI, majority oncologists and cardiologists in U.S. and Germany prescribe diagnostics tests and choose a treatment plan only after studying test results. Thus, demand for diagnostics tests is increasing globally.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Patient Positioning Systems market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Patient Positioning Systems market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
Report Coverage
| Report Scope | Details |
| Market Size | USD 4.9 Billion by 2027 |
| Growth Rate | CAGR of 6.2% From 2021 to 2027 |
| Base Year | 2020 |
| Forecast Period | 2021 to 2027 |
| Historic Data | 2017 to 2020 |
| Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
| Segments Covered | Product, application, end-user and Region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | Medtronic; Hill-Rom Holdings, Inc.; Stryker Corporation; Medline Industries; Skytron, LLC; OPT SurgiSystems Srl; SchureMed; Smith & Nephew; STERIS plc; Leoni |
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Patient Positioning Systems market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Segments covered analysis
By Product analysis:
The products analyzed in this study include tables and accessories. The tables segment is expected to dominate the market owing to increased demand and a 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 the 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.
By Application analysis:
Based on application, patient positioning systems are segmented into diagnostics/imaging, surgery, and others. The surgery segment held the largest share owing to the 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 3.2% of 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.
By End-use anlysis
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 the 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 the U.S.
Regional analysis:
North America held a dominant share of 36.1% in 2020 owing to the rising prevalence of chronic and lifestyle-related diseases and the presence of sophisticated healthcare infrastructure. In addition, the local presence of major market players in the 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 regions over the forecast period, which can be attributed to the increasing geriatric population and increasing healthcare expenditure in this region.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Patient Positioning Systems Market include: Medtronic; Hill-Rom Holdings, Inc.; Stryker Corporation; Medline Industries; Skytron, LLC; OPT SurgiSystems Srl; SchureMed; Smith & Nephew; STERIS plc; Leoni
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2027 and covers subsequent region in its scope:
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Patient Positioning Systems market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Patient Positioning Systems market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Patient Positioning Systems markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Patient Positioning Systems Market Study:
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers