Advancements in Imaging Technologies Fueling Market Growth of Patient Positioning System. Patient Positioning System Market to Record a CAGR of 5.4% through 2034.
NEWARK, Del, Dec. 22, 2023 (GLOBE NEWSWIRE) — By 2024, the size of the worldwide patient positioning systems market is expected to reach US$ 508.4 million. Sales of patient positioning systems are predicted to grow at a strong 5.4% CAGR between 2024 and 2034. It is projected that the market for patient positioning systems will be worth US$ 857.4 million by 2034.
Cancer’s rising incidence and developing economies’ rapidly expanding healthcare industries are set to be significant factors propelling the patient positioning system industry. The primary trends contributing to the sales of patient positioning systems during the projected period is the aging population and the rising incidence of cancer.
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Market Catalysts Powering the Patient Positioning System Sector
An aging population, a rise in the frequency of chronic diseases, and an increase in the demand for minimally invasive surgeries are stimulating the patient positioning system industry. The need for accurate patient positioning to improve treatment outcomes and the development of medical imaging technologies propel patient positioning system market expansion.
The rising adoption of patient positioning systems is attributed to healthcare facilities’ emphasis on improving patient comfort, guaranteeing safety during procedures, and streamlining workflow efficiency. These variables work together to support continuous innovation in creating contemporary patient positioning solutions and strengthen the patient positioning techniques market.
Deterrents Affecting the Patient Positioning Device Market Evolution
End-users’ lack of awareness, healthcare facilities’ budgetary restrictions, and the market’s high initial costs pose difficulties. Regulatory complexities and compliance issues constrain patient positioning system market expansion.
Broad acceptance is impeded by the absence of uniform guidelines for patient positioning systems during various medical procedures. Worries about the prospect of infections, ergonomic issues, and the requirement of specialized training escalate roadblocks in the patient positioning technology market.
Regional Dynamics of Patient Positioning System Market
- North America leads the patient positioning device market due to its advanced medical technology adoption rate and robust healthcare infrastructure.
- The demand for patient positioning solutions continues to rise in the region due to increased surgical procedures and an emphasis on bettering patient outcomes.
- Due to the existence of reputable healthcare facilities and rising investments in medical innovations, Europe has seen steady market growth for patient positioning systems.
- Europe is consistently committed to improving the effectiveness and safety of medical procedures as evidenced by the adoption of ergonomic patient positioning solutions.
- As chronic diseases become prevalent and the healthcare system improves, the Asia Pacific patient positioning system market develops swiftly.
- Growth in hospitals and rising knowledge of sophisticated patient positioning techniques advance the considerable market growth in Asia Pacific.
“The increasing emphasis on precision in medical procedures contributes to a surge in demand for patient positioning systems in the dynamic field. Technological advancements and the development of healthcare infrastructure foster improved patient outcomes and innovation, which stimulates patient positioning system market expansion.”, opines Sabyasachi Ghosh, Associate Vice President at Future Market Insights (FMI).
- The air pump assisted positioning systems segment in the product type category to grab a share of 40.7% from 2024 to 2034.
- In the end-user category, the hospital segment to acquire a market share of 28.3% between 2024 and 2034.
- The United States diagnostic imaging positioning device market is anticipated to surge at a CAGR of 2.4% through 2034.
- Germany patient positioning system market to develop at a CAGR of 3.2% by 2034.
- The surgical positioning market growth in the United Kingdom to witness a CAGR of 3.5% from 2024 to 2034.
- China patient alignment system market is expected to surge at a CAGR of 7.0% until 2034.
- India patient positioning device market is anticipated to boost at a CAGR of 8.0% from 2024 to 2034.
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Healthy competition in the market is driven by increased product launches, a rise in surgical procedures, an expanding healthcare infrastructure, and strategic partnerships between significant patient positioning system vendors. The diverse market growth trajectory of patient positioning system manufacturers to spur innovation, increase accessibility to leading-edge medical technologies, and improve patient outcomes and care.
Patient Positioning System Market Size:
|Market Value for 2024
|US$ 508.4 million
|Market Value for 2034
|US$ 857.4 million
|Market CAGR from 2024 to 2034
- A deal to acquire Medline Industries for over US$ 30 billion was reached in June 2021 by Blackstone, Hellman & Friedman, and Carlyle. Without considering borrowings, the transaction would be valued at US$ 34 billion and more than US$ 30 billion.
- Global MedTech leader Baxter International Inc. declared in September 2021 that it had successfully acquired Hillrom. At US$ 10.5 billion, Baxter paid US$ 156 in cash for each outstanding share of Hillrom common stock. The transaction had a US$ 12.5 billion value.
- Hillrom is the first company to launch a movable surgical table in July 2020. Yellofins Apex stirrups are a recent addition to the Yellofins stirrup collection, and Hillrom announced the commercial release of the PST 500, a precision surgical table.
Essential Patient Positioning System Manufacturers
- Medtronic plc
- Hill-Rom Holdings Inc.
- Stryker Corporation
- Medline Industries
- Skytron, LLC
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Patient Positioning System Market Segmentation:
- Surgical Tables
- Air Pump Assisted Positioning Systems
- Radiolucent Imaging Tables
- Examination Tables
- Patient Positioning System in Accessories
- Disease Diagnosis
- Cancer Therapy
By End User:
- Ambulatory Surgery Centers
- Diagnostic Laboratories
- North America
- Asia Pacific
- The Middle East and Africa
- Latin America
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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