Transparency Market Research in its new report titled, “Patient Positioning Systems Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the patient positioning systems market. The TMR report anticipates that the increase in demand in hospitals, development and advancement of products, and rise in global geriatric population will drive the patient positioning systems market during the forecast period i.e, 2018-2026. Other drivers include technological advancements in patient positioning systems and high or sudden rise in the number of mentally challenged patient hospitalization.
Major restraints of the market are development of other substitute technologies and intense competition among existing product manufacturers. Moreover, product recalls, government regulations for reduction of overall health care cost, and subsequent upswing in bulk purchase through group purchasing organizations also restrain the market, says the report.
The TMR report has segregated the global patient positioning systems market based on product type, application, end-user, and region. On the basis of product type, the global market is classified into tables, surgical tables, radiolucent imaging tables, examination tables, accessories, and other patient positioning systems.
In terms of application, the global patient positioning systems market is categorized into surgery, diagnostics, and others. Among these, the surgery segment is anticipated to account for the largest share of the global patient positioning systems market. End-users of patient positioning systems are hospitals, clinics, ambulatory surgical centers, home care settings, and others.
The hospitals segment is likely to account for the largest share of the market during the forecast period. This is attributed to requirement of patient positioning systems in hospitals because of high inflow of patients in hospitals and the need to transfer patients to various departments for procedures and examinations.
On a geographical standpoint, the global patient positioning systems market is divided into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these, North America is expected to account for majority share of the global market owing to advanced health care facilities and increase in use of patient positioning systems in orthopedic and physiotherapy departments of hospitals for patient recovery post treatment.
The emerging markets in Asia Pacific, Latin America, and Middle East & Africa are estimated to witness strong growth during the forecast period. This is ascribed to the growing health care industry, surge in investments by leading players operating in these countries, and the aging population. The patient positioning systems market in China, Brazil, and India is anticipated to grow at a rapid pace due to rise in investments by governments to improve hospitals and other health care facilities.
As per the report, the global patient positioning systems market is highly competitive due to the presence of numerous international and regional players. Some of the major companies operating in the global market include Medtronic plc, Stryker Corporation, Hill-Rom Services, Inc., Medline Industries, OPT SurgiSystems Srl, Skytron, LLC, SchureMed, STERIS plc, Smith & Nephew, and LEONI Special Cables GmbH.
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