Market Overview
The global patient positioning devices market is a vibrant and booming sector of the overall medical devices industry. Patient positioning devices are vital equipment used to maintain the right alignment, stability, and comfort of patients throughout various medical operations such as surgeries, diagnostics, and therapeutic treatments. These technologies improve patient safety and comfort while allowing healthcare providers to correctly access targeted locations, resulting in better surgical outcomes and fewer problems. Furthermore, patient positioning devices aid in pediatric and neonatal care, less invasive procedures, and rehabilitation and physical therapy, all of which contribute to improved patient care in a variety of medical specialties.
Market Size Growth Rate
According to the DataM market research report, the global patient positioning devices market size is valued at USD 1.3 billion in 2022, it is expected to reach USD 1.9 billion by 2030, with growth at a CAGR of 4.8% over the forecast period 2023-2030. North America is estimated to contribute 38.6% to the growth of the global market over the forecast period.
The global patient positioning devices market is driven by factors such as the high prevalence of chronic diseases, technological advancements, aging population, growing demand for minimally invasive surgeries, focus on patient safety and comfort, and expansion of ambulatory surgical centers. On the other hand, the high cost of the advanced patient positioning devices, risk of complications and injuries due to lack of trained professionals using the patient positioning devices restrain market growth.
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Market Drivers
The growing number of surgical procedures, propelled by the increasing prevalence of chronic diseases has increased the global demand for patient positioning devices. For instance, according World Health Organization (WHO) statistics of 2022, the cardiovascular disorders account for the majority of chronic disease mortality (17.9 million per year), followed by cancers (9.3 million), chronic respiratory diseases (4.1 million), and diabetes (2.0 million, including diabetes-related kidney disease deaths).
Thus, these instruments are critical in permitting precise and stable patient positioning during procedures, lowering the risk of complications, and enhancing surgical outcomes. Medical interventions and surgical procedures are becoming increasingly common as chronic diseases become more common. Furthermore, the advantages of minimally invasive surgeries, such as shorter hospital stays and faster recovery times, have led to a growing preference for such procedures.
Market Restraints
It is anticipated that the patient positioning devices market may hamper due to the excise duty tax on medical devices. The Patient Protection and Affordable Care Act of the United States imposed a 2.3% excise tax on domestic sales of medical equipment classified as Class I, II, or III. This tax applies to medical devices manufactured or imported into the nation.
As a result, the market for patient positioning systems, which are classified as Class I and II medical devices, will be impacted in the United States. The application of this tax is likely to lower manufacturers’ profit margins, leading to a rise in the prices of medical devices in the country. As a result, greater costs may induce a delay in healthcare providers’ decisions to purchase new instruments, thereby slowing market growth.
Market Opportunities
The development and expansion of Ambulatory Surgical Centres (ASCs) provide a significant potential opportunity for providers of patient positioning devices. These healthcare institutions specialize in outpatient surgeries and require versatile, cost-effective, and space-saving instruments to accommodate a variety of surgical specialties. Companies can seize this opportunity by providing specialized positioning solutions customized to the demands of ASCs. Such devices that are easy to adapt, cost-effective, and take up little space are in high demand in ASC settings.
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COVID-19 Impact Analysis
During the pandemic, the main topics of public health focus were COVID-19 prevention and transmission. The demand for patient positioning devices have been impacted by the reduction or redirection of awareness campaigns and efforts aimed at oncology and other chronic disease. As of 2023, the COVID-19 situation is recovering and all patients can access healthcare facilities which drive the demand for the patient positioning devices worldwide.
Recent Developments in the Industry
On February 01, 2022, Mireye has launched intelligent imaging technology that automates the patient positioning process for X-ray examinations, removing the need for manual measurements and body part alignment, which currently consumes much of the technologists’ time during the imaging process and risks repeat exposure if done incorrectly.
Market Segmentation
As per the research analysis, the global patient positioning devices market is segmented by product (table, accessories, and others), by application (surgery, diagnosis, and cancer therapy), by end user (hospitals, ambulatory surgical center, diagnostics labs, and others).
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Based on application, the cancer therapy segment is estimated to contribute 34.3% to the growth of the global market over the forecast period (2023-2030). Cancer therapy employs a variety of treatment techniques, including radiation therapy and surgical treatments, to manage and treat malignant tumors. Patient positioning devices are essential in cancer therapy because they ensure precise and stable positioning during radiation treatments and surgical procedures.
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Moreover, the advancements and research in the devices for cancer therapy are pushing the segment growth. For instance, in December 2022, Leo Cancer Care, the developers of an upright positioning solution for the delivery of radiation therapy, has revealed major data from a study that highlights how its unique upright positioning system is leading the way in cancer treatment.
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These technologies allow for precise radiation therapy patient settings, enabling targeted tumor treatment while minimizing damage to healthy tissues. Patient positioning devices in surgical oncology allow for better access to tumor locations, improving surgical outcomes and lowering the risk of complications. With the rising prevalence of cancer and advances in cancer medicines, the demand for patient positioning devices in cancer treatment settings is expected to expand, resulting in better patient outcomes and treatment efficacy.
Geographical Classification:
The global patient positioning devices market is segmented into major countries, including North America, Europe, South America, Asia Pacific, and Middle East & Africa.
North America Patient Positioning Devices Market:
The presence of huge number of key players settled in the region, technological advancements and high research activities along with developments of fiber optic technology, cancer tracking sensors, and MEMS sensors by major players in the area makes it the highest market shareholder in patient positioning devices market. The demand for patient positioning devices in the pharmaceutical industry is driven by an increase in the amount of technologies and rising number of geriatric population in the region.
Asia-Pacific Patient Positioning Devices Market:
Various novel advancements are taking place in the region including advancements in research. For instance, in November 2022, Swedish Med-tech company C-RAD sets up centre for precision radiotherapy in Faridabad, India. The market is rising owing to higher incidence rates of several oncology diseases. China and East Asia are the regions with the most cases. Moreover, the expanding population in this region specifically aging population in China is fuelling the growth. Moreover, the increasing number of patients battling with cancer leads to high demand for the patient positioning devices that led to better treatment in the region.
Europe Patient Positioning Devices Market:
Pharmaceutical products/systems are governed by strict regulatory guidelines in Europe. Before being approved and released onto the market, medical devices and other systems must pass stringent safety and efficiency tests. High regulatory criteria are followed, which guarantees the quality of the system and increases consumer confidence. Also, the increasing geriatric population and growing number of surgeries drive the market in this region.
Competitive Analysis:
There are numerous international, regional, and local suppliers in the global patient positioning devices industry. The competition in the local market is fierce. The vendors compete based on price, product quality, and dependability. As a result, to prosper and survive in a competitive market, suppliers must provide cost-efficient and effective products.
Major Companies:
Major companies working towards the market’s growth include Getinge AB, Hill-Rom, Inc., Stryker Corporation, Steris Plc, Span-America Medical Systems, Inc, Elekta AB, Merivaara Corp, Gendron Inc, Paramount Bed CO., LTD., Eschmann Technologies Ltd, and others.
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The Full Report has the below insights:
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The report offers a comprehensive evaluation of the market in terms of market value (US) and Y-o-Y Growth Rates (%). It does so via in-depth qualitative insights, historical data (2021-2022), and verifiable projections about market size during the forecast period (2023-2030).
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Visualize the composition of the global patient positioning devices market segmentation by mode, product, services, and region, highlighting the key commercial assets and players.
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By Product: Tables (Surgical Tables, Imaging Tables, Examination Table), Accessories, and Others.
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By Application: Surgery, Diagnosis, and Cancer Therapy.
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By End User: Hospitals, Ambulatory Surgical Centers, Diagnostic Labs, and Others.
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By Region: North America, South America, Europe, Asia Pacific, Middle East & Africa.
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Identify commercial opportunities in the global patient positioning devices market by analyzing trends and co-development deals.
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The report also covers data insights on various industry forces such as porter’s five forces analysis, supply chain analysis, pricing analysis, and regulatory analysis.
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Excel data sheet with thousands of data points of global patient positioning devices market-level 4/5 segmentation.
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PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
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Product mapping in Excel for the key product of all major market players
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The report will provide access to approximately 61 market data tables, 64 figures, and close to 180 pages.
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