The global patient positioning equipment market is poised for significant growth, projected to reach a valuation of US$ 2,136 million by 2032, according to recent market analysis. With a current valuation of US$ 1,251 million as of 2022, this represents a projected Compound Annual Growth Rate (CAGR) of 5.5% from 2022 to 2032.
Factors such as the rise in the geriatric population and increasing instances of cancer are anticipated to drive the demand for patient positioning equipment in the coming years. Moreover, the continuous enhancement of healthcare infrastructure worldwide is expected to further bolster this demand. Modernized patient positioning equipment not only simplifies post and pre-surgery care but also significantly enhances patient comfort, contributing to improved healthcare outcomes.
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The market is witnessing an influx of new players catering to this niche, which is anticipated to drive sales further. However, the key driver of market growth lies in technological advancements, particularly in the robotics sector. Incorporating robots into patient positioning equipment ensures precision and efficiency, minimizing human intervention and positively impacting adoption trends.
“The integration of robotics into patient positioning equipment marks a significant advancement in healthcare technology,” said FMI. “This not only enhances the quality of patient care but also streamlines surgical and diagnostic procedures, contributing to improved patient outcomes.”
Moreover, increasing disposable incomes have made these services more accessible to a broader segment of the population, driving market growth. Additionally, the rising demand for surgical and diagnostic procedures further fuels the adoption of patient positioning equipment.
As the market continues to evolve, stakeholders are encouraged to innovate and collaborate to meet the growing demand for advanced patient positioning solutions, ultimately enhancing patient care and healthcare outcomes worldwide.
Patient Positioning Equipment Market: Drivers and Restraints
Drivers:
- Increased Competition in Healthcare: More players like hospitals and training centers are entering the healthcare landscape, creating a demand for patient positioning equipment.
- Booming Healthcare Economies: Developing nations like India, China, Malaysia, and the Middle East with robust insurance systems are investing heavily in healthcare infrastructure, including patient positioning equipment.
- Advantages for India: India’s skilled workforce and proximity to emerging markets like Sri Lanka and Bangladesh position it well for growth in patient positioning equipment.
- Medical Tourism: The rise of medical tourism creates a new market for patient positioning equipment in countries like India.
- Growth of Chinese Market: A large number of local patient positioning equipment manufacturers are present in China, with high production levels and an expected CAGR of 8%. This will generate significant revenue for the global market.
- Dominant Western Players: The US and other western countries are currently leading the global patient positioning equipment market.
Restraints:
- Rapid Innovation: The patient positioning equipment market faces challenges due to the constant stream of new inventions, demanding constant adaptation from manufacturers.
- Patient Safety Concerns: Patient safety is a major concern in the market, putting pressure on manufacturers and exporters to develop safer equipment and meet stricter regulations.
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Patient Positioning Equipment market: Key Players
Companies like SchureMed, Stryker, Meditek are some of the key players in this segment.
Key Segmentation of the Patient Positioning Equipment Market (2022-2032)
By Product:
- Patient Positioning Tables
- Surgical Tables
- Radiolucent Imaging Tables
- Examination Tables
- Accessories
By Application:
- Surgery
- Diagnostics & Imaging
- Cancer Therapy
By End-user:
- Hospitals
- Ambulatory Surgical Centers (ASCs)
- Diagnostic Centers
- Oncology Clinics
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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