San Francisco, 24 September
2018: According to a report published by Grand View Research,
Inc.; the patient
positioning systems market is likely to reach a valuation of
around USD 1.4 billion by 2025.
Factors such as rising
geriatric population, high prevalence of cancer, increasing awareness among the
patients and increasing expenditure for diagnostic procedures can propel the
market during the forecast period (2014 to 2025).
Growing cases of most common
types of cancers such as colon and rectum cancer, prostate cancer, and breast
cancer is likely to boost the market growth in the coming years. The prevalence of cancer is likely to reach
15 million new cases per year through 2020, according to the World Cancer
Report published by the WHO. Rise in innovation has lead to improvement in
accuracy and efficiency of these system in cancer therapy. These products
intended to keep patients steady and comfortable during radiotherapy. This is
likely to support the market growth. Additionally, technological progressions
in sensors including MEMS sensors, cancer tracking sensors, and optic fiber
technology is likely to spur the market growth in the future.
Worldwide patient positioning
systems can be segmented on the basis of product, application, end-use, and
regions. As per product, the market can be categorized into tables and
accessories. In 2016, tables segment estimated lucrative market share due to
growing incidence of cancer and highest number of surgeries performed. Based on
application, the market can be split into surgery, diagnostics, and other. The
surgery segment is likely to hold major market share over the forecast period.
However, the diagnostics segment is projected to grow at a lucrative rate during
the estimated period owing to growing expenditure for diagnostics/imaging.
Majority cardiologists and oncologists in the U.S. and Germany recommend
diagnostics tests and design treatment plan after studying test results,
according to a research published by NCBI. This is likely to boost the segment
growth.
Access
Research Report of Patient
Positioning Systems Market@ www.grandviewresearch.com/industry-analysis/patient-positioning-systems-market
On the basis of end-use, the
market can be fragmented into hospital, ambulatory centers, and other.
Hospitals segment is
recognized as the major segment due to rising healthcare expenditure and
growing number of hospitals across the world.
The ambulatory segment is
likely to show highest growth during the forecast period due to development of
accurateness of minimally invasive technologies. There are about 5,229
ambulatory surgical centers (ASCs) certified by Medicare in the U.S.
Geographically, the market can
be divided into North America, Europe, Asia Pacific, Latin America, and Middle
East and Africa (MEA).
In 2916, North America
captured the major market share of 34.2%. It is expected to be the largest
market over the forecast period. Factors such as growing incidence of chronic
and lifestyle diseases, availability of established healthcare infrastructure,
presence of large number of diagnostic centers are driving growth in the
region. Additionally, presence of major market participants in the U.S is also
expected to supplement the growth in the region. In 2016, 1,685,210 new cases
of cancer diagnosed with cancer in the U.S according to National Cancer
Institute. Rising prevalence of cancer has increased the R&D investment in
the market.
Browse more reports of this category by
Grand View Research at: www.grandviewresearch.com/industry/medical-devices
Europe is likely to show
lucrative growth during the forecast period. This can be associated with
growing medical device industry in U.K., Germany, and France. During the year
2016 to 2017, approximately 42.1 million diagnostics imaging tests conducted in
the U.K, as per National Health Services (NHS). Growing efforts to run
awareness campaigns concerning early cancer diagnosis such as the National
Awareness and Early Diagnosis Initiative (NAEDI) in the U.K. is predicted to
increase the demand for diagnostic imaging procedures, which is expected to
support the market growth.
Asia Pacific is expected to
exhibit a higher CAGR as compared to other regions during the estimated period
due to growing geriatric population and rising budget for healthcare.
Key companies operating in the
market include Hill-Rom Holdings, Inc.; Smith & Nephew; Skytron, LLC;
Medtronic; and Medline Industries.
Market participants are
increasingly following strategies like mergers and acquisitions,
collaborations, mergers and approvals for new products.
Access
Press Release of Patient Positioning Systems Market@ www.grandviewresearch.com/press-release/global-patient-positioning-systems-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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