Patient Positioning System Market Growth, Opportunities, Key Players, Regional Outlook and Forecast 2022
Patient Positioning System Market Overview:
The Patient Positioning Systems Market is projected to reach USD 1,233.8 Million by 2022 from an estimated USD 990.0 Million in 2017, at a CAGR of 4.5%. The growth of the market can be attributed to the rising geriatric population, growing government funding, and increasing demand for advanced medical devices.
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Research Methodology
Top-down and bottom-up approaches were used to estimate and validate the size of the patient positioning systems market and to estimate the size of various other dependent submarkets. The overall market size was used in the top-down approach to estimate the sizes of other individual markets (mentioned in the market segmentation by product, application, end-user, and region) through percentage splits from secondary and primary research. The bottom-up approach was also implemented (wherever applicable) for data extracted from secondary research to validate the market segment revenues obtained. Various secondary sources referred to for this research study include publications from government sources such as the World Bank, World Health Organization, Centers for Disease Control and Prevention (CDC), Lung Cancer Foundation of America, American Cancer Society (ACS), Arthritis Society, Centers for Medicare and Medicaid Services (CMS), National Safety Council (NSC), Healthcare Cost and Utilization Project (HCUP), GLOBOCAN, Canadian Institute for Health Information, and India Brand Equity Foundation (IBEF); corporate filings such as annual reports, SEC filings, investor presentations, and financial statements have been used to identify and collect information useful for this extensive commercial study of the patient positioning systems market. Primary sources such as experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as to assess prospects of the patient positioning system market.
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Segmentation:
By product, the surgical tables segment is expected to dominate the market in 2017
On the basis of product segmentation, the patient positioning systems market is segmented into tables, accessories, and other patient positioning systems. The tables segment has been subsegmented into surgical tables, radiolucent imaging tables, and examination tables. The surgical tables segment accounted for the largest share of this market segment. This growth can be attributed to the technological advancements in the tables and increasing awareness regarding image guided surgeries.
By application, the surgeries segment is expected to dominate the market in 2017
In the application, the patient positioning systems market is segmented into surgeries, disease diagnosis, and cancer therapy.The surgergies sengment holds the largest share in the market but the disease diagnosis segment is expected to grow at the highest growth rate during the forecast period. The growth in the diesease dignosis segment is primarily attributed to the increasing prevalence of chronic diseases such as cancer and cardiovascular diseases.
Asia offers lucrative growth opportunities
By region, the global patient positioning systems market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). While North America holds the largest share of the market in 2016, Asia is expected to grow at the highest CAGR during the forecast period. The presence of emerging economies like China and India; the large population and rising prevalence of chronic diseases in these countries; growing demand for quality medical care; and growth in the demand for advanced patient positioning systems such as radiolucent imaging tables to perform image guided surgeries are some major factors driving the high growth of this regional segment.
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Key Players:
Key players operating in the patient positioning equipment market include Getinge AB (Sweden), Hill-Rom, Inc. (U.S.), Stryker Corporation (U.S.), Steris Plc. (U.S.), Span-America Medical Systems, Inc. (U.S.), Skytron, LLC. (U.S.), Elekta AB (Sweden), C-RAD (Sweden), LEONI AG (Germany), and Mizuho OSI (U.S.).
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