PUBLISHER: Mordor Intelligence | PRODUCT CODE: 1440372
PUBLISHER: Mordor Intelligence | PRODUCT CODE: 1440372
The Global Patient Positioning Devices Market size is estimated at USD 1.31 billion in 2024, and is expected to reach USD 1.62 billion by 2029, growing at a CAGR of 4.23% during the forecast period (2024-2029).
Covid-19 has significantly impacted the patient positioning devices market growth. For instance, according to the study published in IEEE Transactions on Medical Imaging in May 2020, to solve the high risk of getting infections, companies have designed and developed a contactless patient positioning system that allows for entirely remote and contactless scanning of patients. Such systems of the contactless patient position will bolster the market growth due to the rise in adopting such systems during the pandemic.
The major factors driving the market growth include the rise in the number of surgeries, the rise in hospitals and hospital investments, and the rise in the burden of the geriatric population, among others.
According to the Organisation for Economic Co-operation and Development updated in May 2022, the number of surgical procedures taking place in Norway and Denmark in 2020 were 19,201 and 54,836. Such a huge number of surgeries in the developed countries of Europe will lead to a rise in the adoption of patient positioning devices needed for surgeries, driving the market growth.
In addition, the rise in the geriatric population will lead to increased hospitalization due to various diseases in the elderly population, driving the market growth. For instance, according to the World Ageing Population 2020 highlights, in 2020, there were 727 million people aged 65 and up on the planet. Women, on average, live longer than men. Hence they make up the bulk of the elderly population, particularly at advanced ages. Such a huge burden on the elderly population will lead to increased hospitalization, thereby lead to drive the demand for patient positioning systems. Driving the market growth significantly.
Rising product launches for patient positioning are further expected to drive market growth over the forecast period. For instance, in April 2020, ExacTrac Dynamic, the next-generation patient positioning and monitoring system from Brainlab, received CE Mark (Conformite Europeenne) clearance. The new system provides increased capabilities by combining never-before-seen high-speed thermal surface tracking technology with an update of ExacTrac X-ray monitoring. The launch of such systems will lead to increased adoption in radiology, driving the market growth.
However, the high cost of these systems and the availability of refurbished patient positioning systems in the market are expected to hinder the market growth.
The surgical table segment is expected to hold a significant share in the patient positioning devices market, and it is expected to do the same over the forecast period.
The key players in the market are implementing their strategies to launch their innovative surgical tables in the market, thereby driving this segment growth. For instance, in March 2021, SIMEON Medical collaborated with skilled practitioners to create the Sim.MOVE 800. It is an operating room table that is adaptable to all conditions and thus universally applicable to all typical applications. Sim.MOVE 800 is also suitable for hybrid operating rooms as well. Such launch of surgical tables that are applicable for versatile applications will therefore lead to drive this segment growth.
In addition, in October 2021, Stille AB entered an exclusive collaboration with GE Healthcare for a new general surgery table in the United States. The new GS2 general surgery table was created to meet the growing need for a premium general surgery table that meets the needs of multi-disciplinary surgery units like Ambulatory Surgery Centers (ASC) while also being a cost-effective, high-value solution. Such collaborations to market surgical tables will lead to rising in the adoption of surgical tables, driving the market growth.
Furthermore, according to the news published in December 2021, due to increased demand and improved access to surgical care in Asia, surgical procedure volume and the equipment market are likely to grow rapidly. China, as well as other growing markets such as India and Southeast Asia, are viewed as the most promising growth areas in Asia. The rise in demand and rise in surgical procedure volumes in highly populous countries such as India and China will therefore lead to increased adoption of surgical tables for patient positioning, thereby propelling the market growth of this segment.