SAN FRANCISCO, June 15, 2022 /PRNewswire/ -- The global patient positioning systems market size is expected to reach USD 1.78 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.4% from 2022 to 2030. This market is expected to witness lucrative growth owing to rising awareness about and surging expenditure on diagnostic procedures. In addition, the increasing prevalence of cancer and the rising geriatric population are expected to assist in market growth.
Key Industry Insights & Findings from the report:
- By product, the tables segment held a lucrative market share in 2021, owing to the increasing prevalence of cancer and the rising number of surgeries performed.
- In terms of application, the surgery segment is expected to account for the dominant market share on account of the rising incidence of cancer, globally.
- By end-use, the ambulatory segment is expected to register the highest growth over the forecast period owing to an increase in precision of minimally invasive technologies.
- North America is projected to dominate the market over the forecast period due to the presence of a large number of diagnostic centers.
- The market is fragmented with many big and small industry players. Key players are adopting business strategies such as business expansion, joint ventures, and others.
- In October 2021, Esaote, an Italian company in the biomedical sector entered the world of total body magnetic resonance imaging with the novel system called "Magnifico Open". The open magnet and easy-to-access patient table enable fast and comfortable patient positioning.
Read 150-page market research report, "Patient Positioning Systems Market Size, Share & Trends Analysis Report Products (Tables, Accessories), By Application (Surgery, Diagnostics), By End Use, And Segment Forecasts, 2022 - 2030", published by Grand View Research.
Patient Positioning Systems Market Growth & Trends
The COVID-19 pandemic has made unprecedented consequences on daily lives in addition to the worldwide economy. A significant burden is formed on healthcare systems across the globe. Currently, as the pandemic starts to subside, governments of various countries are focusing on recognizing the cracks in their healthcare infrastructure and are taking initiatives to bolster the same. The market is projected to benefit from this up-gradation of healthcare establishments across the world. For instance, in December 2020, Victorian hospitals received financial support to upgrade infrastructure and equipment.
According to the WHO, Cancer is a leading cause of death globally, reporting for almost 10 million deaths in 2020, or nearly one in six deaths. While as per the National Cancer Institute statistics, there were approximately 16.9 million cancer survivors in the U.S. as of January 2019. The number of cancer survivors is expected to increase to 22.2 million by 2030. 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. An 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 research published by NCBI, the majority of oncologists and cardiologists in the U.S. and Germany prescribe diagnostics tests and choose a treatment plan only after studying test results. Thus, the demand for diagnostics tests is increasing globally.
Patient Positioning Systems Market Segmentation
Grand View Research has segmented the global patient positioning systems market based on product, application, end-use, and region:
Patient Positioning Systems Market - Product Outlook (Revenue, USD Million, 2017 - 2030)
- Tables
- Accessories
Patient Positioning Systems Market - Application Outlook (Revenue, USD Million, 2017 - 2030)
- Surgery
- Diagnostics
- Others
Patient Positioning Systems Market - End-Use Outlook (Revenue, USD Million, 2017 - 2030)
- Hospital
- Ambulatory Centers
- Others
Patient Positioning Systems Market - Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- Saudi Arabia
List of Key Players in Patient Positioning Systems Market
- Medtronic
- Hill-Rom Holdings, Inc.
- Stryker Corporation
- Medline Industries
- Skytron, LLC
- Smith & Nephew
- STERIS plc
- Mizuho OSI
- LEONI AG
- OPT SurgiSystems Srl
Check out more related studies published by Grand View Research:
- Remote Patient Monitoring System Market - The global remote patient monitoring system market size is expected to reach USD 6.7 billion by 2030, according to a new report by Grand View Research Inc. It is projected to register a CAGR of 20.2% from 2022 to 2030. COVID-19 pandemic has a significant impact on the remote patient monitoring system. The main drivers for this market are the increasing geriatric population, cost-effective treatment, and the rising prevalence of chronic conditions.
- Patient Engagement Solutions Market - The global patient engagement solutions market size is expected to reach USD 70.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 17.4% from 2022 to 2030. The key factors fueling the market growth include rising digitalization across healthcare, increasing prevalence of chronic conditions, and technological advancements. The COVID-19 pandemic boosted digitalization across healthcare.
- Patient Temperature Management Market - The global patient temperature management market size is expected to reach USD 6.9 billion by 2030, registering a CAGR of 8.8% according to a new report by Grand View Research, Inc. Rising number of surgeries is anticipated to accelerate the demand for temperature management devices. For instance, open heart surgeries require lowering of patient's body heat through blood cooling, which helps in reducing the risk of post and perioperative surgical complications.
Browse through Grand View Research's Medical Devices Industry Research Reports.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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