A recent report by Persistence Market Research (PMR) details trends in several high growth markets and on the demand for patient positioning accessories in particular.
Patient positioning accessories are utilized in diagnostics and surgical procedures for patients’ wellbeing and experts’ ease of access to the patient. The market for patient positioning accessories is developing based on current medical services requirements. Improvements in prescription and nursing medical care innovation have led to increased demand for patient positioning accessories across regions.
The PMR report states that an increasing number of surgeries and technological advancements are major factors driving the patient positioning accessories market, which is slated to expand at a compound annual growth rate (CAGR) of more than 3% from 2021 to 2031.
PMR adds that patient positioning accessories are needed for the older population for everyday exercises and for those recuperating from injuries, medical procedures or other ailments. Leading players are focusing on collaborations with other players for geographical footprint expansion for distribution of products worldwide. Players are also focusing on collaborations with hospitals and radiation centers for the supply of products such as thermoplastic masks, sheets, cushions and other similar devices, which provide long-term opportunities in the market. Long-term contracts are expected to have fruitful returns. Favorable reimbursement policies and increasing health care expenditures are also factors that are driving market growth.
Grand View Research also predicts market growth.
The global patient positioning systems market size was valued at $942.8 million in 2016 and is expected to expand at a CAGR of 4.7% during the forecast period, according to Grand View Research (GVR). The growing geriatric population, increasing prevalence of cancer, rising awareness among the patient population and surging expenditure on diagnostic procedures are expected to boost the patient positioning systems market during the forecast period.
“The products analyzed in this study include tables and accessories,” the GVR states. “The tables segment is expected to dominate the market owing to increased demand and a rising number of hospitals, ambulatory centers, and other settings such as specialty centers and diagnostics centers. The tables segment is expected to retain its lead over the forecast period due to rising demand for efficient and accurate diagnostic imaging, which is creating growth opportunities for the segment.”
“The accessories segment is expected to witness the fastest growth in the market, owing to the increasing number of patients undergoing different types of surgeries and diagnoses. There is a greater demand for diagnosis in developing countries such as India and China, which may drive sales of patient positioning systems over the forecast period,” the report adds.
MarketsandMarkets states that the global patient positioning system market is expected to reach $1.2 billion by 2022 from $990 million in 2017, at a CAGR of 4.5%. The growing hospital investments to upgrade operating rooms and rising geriatric population are major driving factors for the patient positioning equipment market.