The patient positioning equipment market is expected to reach a valuation of US$ 2,136 million by 2032. The market is valued at US$ 1,251 million as of 2022 and is projected to grow at a CAGR of 5.5% from 2022 to 2032.
An increase in the geriatric population coupled with the increase in cancer cases is expected to surge the demand for patient positioning equipment during the forecast period. Furthermore, the upgradation of the existing healthcare infrastructure is expected to surge the demand for this medical equipment further. The existing patient positioning equipment has been modernized to the extent that it assists in simplifying post and pre-surgery care. Apart from that, their application also helps enhance the patient's comfort level.
Furthermore, an increase in the number of market players who serve this niche is also expected to increase the sales of patient positioning equipment. However, one of the key factors for the market growth happens to be technological advancements shaping the robotics sector. Robots are being continuously employed in this equipment as they work with utmost precision and can work tirelessly as well. Apart from that, since the application of robots would mean minimum human interference, this also might positively influence the patient positioning equipment adoption trends.
Furthermore, increasing disposable income has led to many people availing these services, which would have been quite impossible a decade back. This might surge the patient positioning equipment market growth. Besides this, an increased demand for surgical and diagnostic procedures might also increase patient positioning equipment adoption.
| Attributes | Value |
|---|---|
| Patient Positioning Equipment Market Value (2022) | US$ 1,251 million |
| Patient Positioning Equipment Market Forecast Value (2032) | US$ 2,136 million |
| Patient Positioning Equipment Market Expected CAGR (2022 to 2032) | 5.5% |
The patient positioning and equipment market is largely growing on the basis of the growing needs of modern healthcare. The modern healthcare is tech savvy and edgy and patient-friendly approach has changed the entire game and gave them new limits to conquer.
Several new healthcare markets scattered across the globe has surely challenged the bible of healthcare and curved a new way filled with hope for all the stakeholders. The entire medical equipment market is facing and combating several new challenges every day. Inclusive healthcare, healthcare for all are some of the trendsetters of this industry.
The patient positioning market is directly attached with the modernization wave which is presently flooding the healthcare canvas. Several modest modernization drives have sowed the seeds of new inventions and simplified the entire post and pre –surgery care and also created new standards for the entire diagnostic industry which is evolving with a steady pace around the world.
The patient positioning system creates an advantage point for both patients and doctors. These patient positioning tools or equipment helps in enhancing the comfort levels of a patient post operation. It reduces pain and stimulates the healing process and wide variety of these apparatus is available in the market.
The growth of the entire medical equipment market is steadily rising and it is expected to reach a healthy point by 2017. The 360 effort which is incorporated by some of the leading economies of the world is shunning the probabilities of any loss in the near future.
After a prolonged slumber the healthcare based economy and the healthcare equipment industry is soaring at a significant rate and will mint more than 400 billion by next year. The patient safety equipment market is fast changing and volatile and fragmented. Small players are cajoling consumers and barricading the supremacy of the big manufacturers present in this vast ever changing Patient Positioning Equipment market.
Technological advancements in the healthcare sector have led to the development of better alternatives. This might challenge the market growth.
Apart from that, despite all the benefits offered, the users are somewhat pessimistic about the patient safety that this equipment provides. This might as well hinder the market progress.
The entire Patient Positioning Equipment market is reaping the benefits of few factors such as, competitive landscape of healthcare, which is making headways for several new players such as hospitals, training hubs and other medical facilities. The sudden boom of a healthcare based economy in some of the developing nations such as India, China, Malaysia and Middle East which is well geared with a robust insurance machinery.
Countries like India are at advantage at this point as they are populated with skilled manpower and surrounded by some of the maiden markets spread across Sri Lanka and Bangladesh. A considerable boost in the medical tourism has changed the equation in the market and created a massive avenue for the Patient positioning equipment market of India.
The massive populace of local positioning equipment makers are flocked around the Chinese market. The production level is high and they are showcasing a significant growth in this segment. Market hawks predict that the Chinese medical equipment market will surge at a rate of CAGR 8 percent.
This will surely channelize a massive revenue into the Patient Positioning Equipment market. Apart from these, the US and other western countries are dominating the global market presently.
The patient positioning system market is extracting profits from the all-round development of healthcare happening all over the world. The patient positioning market is extremely fragile as it is coping up with new inventions which are happening in this segment every day.
The market is demanding as the patient safety issue is creating quite a buzz in the market and the makers and the exporters in the Patient Positioning Equipment markets are struggling to find a new leeway.
The equipment market within the US is rising for the last few decades and some of the key players are stationed within the country who dominating the entire global scene. The equipment market which also includes the patient positioning system is expected to grow at a rate of 6 percent approximately in the coming few years which also include exports and domestic market sale.
Malaysia is another big player in this segment and they are growing at almost percent. Which will further compliment the growth of the Patient Positioning Equipment market in that region. Apart from these there are several other regions in Western Europe, Japan, India, China which are fishing quite well in this Patient Positioning Equipment market
Companies like SchureMed, Stryker, Meditek are some of the key players in this segment.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, types, and applications.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The hospital segment is expected to hold the largest market share during the forecast period. This is mainly owing to an increasing emphasis on the availability of effective infrastructure. Furthermore, the hospitals have a standard requirement for this equipment because of an increase in the number of patients admitted.
However, ambulatory surgical centers are anticipated to exhibit the highest CAGR if we talk about the fastest-growing segment. Based on the region, the North America region is expected to hold the highest market share during the forecast period. An increase in the number of chronic lifestyle diseases is expected to make North America the largest market. Apart from that, the availability of technologically advanced healthcare sector in the region makes North America an attractive destination.
Europe is expected to be one on the most significant markets due to the availability of thriving medical industry in France, Germany, and UK.
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Patient Positioning Equipment Market
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