Patient Positioning System Market Sales Likely to Surge at Exceptional Rate during Forecast Period, 2017 to 2022

Posted on 2019-08-27 by Mark Hub in Healthcare // 0 Comments

Patient’s dignity and comfort are of paramount importance in the field of medical surgery. Nurses are properly trained on patient positioning principles, and hospitals are also compelled to be equipped with leading products that can facilitate effective patient positioning.

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The Fact.MR forecast report on global patient positioning system market projects that the market will reach US$ 1.4 Bn value by the end of 2017. With improving healthcare infrastructures and adoption of ergonomic designs, manufacturers of patient positioning products are likely to boost their capacity in the years to come. Towards the end of 2022, the global market for patient positioning will have expanded steadily at 6.1% CAGR, raking revenues worth slightly over US$ 1.9 Bn.

Lesser Opportunity in Radiolucent Imaging and Examination Tables

Radiolucent imaging is estimated to be a little over US$ 360 million by end 2022 and is on track to witness a steady CAGR of over 6%. North America accounts for approx. 40% of the radiolucent segment, and it is highly likely to retain this share for the rest of the study period. With respect to examination tables, a market opportunity of under US$ 200 million in 2017 might not seem very attractive initially but a CAGR of 5.2% for the five year period could be enough to sway major players to focus on this segment in the patient positioning systems market. The companies would be recommended to target Europe owing to the potential of emerging opportunities during the forecast period.

Accessories and ‘Other’ Patient Positioning Systems Niche Segments

With a revenue share of 12% and 7.7% in Accessories and Other patient positioning systems respectively, the two are undoubtedly niche segments in the patient positioning systems market. However, it would be unwise to ignore them entirely and manufacturers could focus on targeting North America in both cases as the region can present a significantly large market opportunity. The combined market value of the two segments in North America in the year 2017 could easily exceed US$ 100 million which manufacturers should take cognizance of while devising their investment plans. In both cases, North America alone accounts for roughly 2/5^th of the patient positioning systems market.

Ambulatory Surgical and Global Diagnostic Centres Remain Lucrative

The market opportunity that exists in the ambulatory surgical centres and global diagnostic centres is quite similar. Ambulatory surgical centres were worth just over US$ 330 million in 2017 and may grow with a CAGR of 7.3% from 2017-2022. On the other hand, global diagnostic centres may near a value of half a billion dollars by the end of the forecast period which would be equal to a revenue share of 27%. Europe and North America dominate the global diagnostics centre segment of the patient positioning systems market as they comprise more than half the market opportunity.

Competition Tracking

The report has also outlined the competitive landscape of global market for patient positioning systems, which includes Mizuho OSI, LEONI AG, C-RAD, Elekta AB(publ), Skytron, Span-America Medical Systems, Inc., STERIS plc., Stryker Corporation, and Hill-Rom, Inc.

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