Press release
Patient Positioning Market Investigation & Industry Evolution till 2022 | Competition Landscape- Mizuho OSI, LEONI AG, C-RAD, Elekta AB(publ), Skytron, Span-America Medical Systems, STERIS, Stryker Corporation, and Hill-Rom
Fact.MR
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The Fact.MR forecast report on global patient positioning 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.
Key Forecast Highlights
According to the report, tables will account for nearly 20% share on global patient positioning revenues in 2017. Surgical tables, on the other hand, will be observed as top-selling products in the global patient positioning market. By the end of 2022, nearly US$ 500 Mn worth of revenues will be procured from sales of patient positioning surgical tables around the world.
Increasing emphasis on improving the healthcare infrastructure has propelled the adoption of patient positioning solutions in developing regions. Manufacturers of patient positioning are also viewing regions such as the Asia-Pacific excluding Japan (APEJ) region lucrative for setting up manufacturing units. High resource availability, low wage costs, coupled with dense population that translates into maximum end-use, are driving the growth of patient positioning market in the APEJ region. The report projects that the APEJ patient positioning market will soar vigorously at 7.2% CAGR, bringing in revenues worth over US$ 238 Mn by the end of 2022.
North America is expected to remain the largest market for patient positioning. The report predicts that high healthcare spending in the US and Canada will prompt manufacturers in providing top-of-line products in the field of patient positioning. While revenues amassed from sales of patient positioning products in Europe will contribute to 30% of global market value, it is estimated North America’s patient positioning market will procure nearly US$ 480 Mn revenue towards the end of 2017.
Surgeries are estimated to be the largest application of patient positioning products. The report expects that in 2017, a little over US$ 485 Mn worth of patient positioning products will be sold in surgical applications. Application of patient positioning solutions in cancer therapy will also be of equivalent traction in the global market, accounting for more than 38% share on global revenues through 2022.
Demand for patient positioning is also expected to gain traction across diagnostic centers. While hospitals will remain the largest end-users of patient positioning products, their end-use in diagnostic centers are expected to procure more than US$ 488 Mn revenue by 2022-end.
Surgical Tables Have the Largest Revenue Share Contribution
The surgical tables segment accounted for 27% revenue share in the patient positioning systems market in the year 2017 which was higher than the 19% revenue share of tables segment. The surgical tables segment is poised to grow to almost half a billion by the end of 2022.
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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 2/5th 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.
Table of Content:
Chapter 1. Global Patient Positioning Systems Market - Executive Summary. 27
Chapter 2. Global Patient Positioning Systems Market Overview. 29
2.1. Introduction. 29
2.1.1. Global Patient Positioning Systems Market Taxonomy. 29
2.1.2. Global Patient Positioning Systems Market Definition. 29
2.2. Global Patient Positioning Systems Market Size (US$ Mn) and Forecast, 2012-2022. 30
2.2.1. Global Patient Positioning Systems Market Y-o-Y Growth. 30
2.3. Global Patient Positioning Systems Market Dynamics. 30
2.3.1. Drivers. 30
2.3.2. Restraints. 31
2.3.3. Trends. 31
2.4. Supply Chain. 31
2.5. Cost Structure. 31
2.6. Pricing Analysis. 31
2.7. Raw Material Sourcing Strategy and Analysis. 32
2.8. List of Distributors. 32
2.9. Key Participants Market Presence (Intensity Map) By Region. 32
Chapter 3. Global Patient Positioning Systems Market Analysis and Forecast By By Product. 33
3.1. Global Patient Positioning Systems Market Size and Forecast By By Product, 2012-2022. 33
3.1.1. Tables Patient Positioning Systems Market Size and Forecast, 2012-2022. 33
3.1.1.1. Revenue (US$ Mn) Comparison, By Region. 33
3.1.1.2. Market Share Comparison, By Region. 35
3.1.1.3. Y-o-Y growth Comparison, By Region. 35
3.1.2. Surgical Tables Patient Positioning Systems Market Size and Forecast, 2012-2022. 36
3.1.2.1. Revenue (US$ Mn) Comparison, By Region. 36
3.1.2.2. Market Share Comparison, By Region. 38
3.1.2.3. Y-o-Y growth Comparison, By Region. 38
3.1.3. Radiolucent Imaging Tables Patient Positioning Systems Market Size and Forecast, 2012-2022. 39
3.1.3.1. Revenue (US$ Mn) Comparison, By Region. 39
3.1.3.2. Market Share Comparison, By Region. 41
3.1.3.3. Y-o-Y growth Comparison, By Region. 41
3.1.4. Examination Tables Patient Positioning Systems Market Size and Forecast, 2012-2022. 42
Continued……………..
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