Patient Positioning Systems Market worth 1,233.8 Million USD by 2022

The patient positioning systems market is expected to reach USD 1,233.8 Million by 2022 from USD 990 Million in 2017, at a CAGR of 4.5% from 2017 to 2022. The prevalence of chronic diseases, rising aging population, and growing hospital investments are major factors that are driving the growth of this market.

Key Growth Drivers
1 Technological Advancements in Patient Positioning Systems
2 Increasing Number of Surgeries Due to the Growing Prevalence of Chronic Diseases
3 Growing Hospital Investments & Rising Government Funding
4 Growing Incidence of Accidents

The patient positioning system market is segmented on the basis of product, application and end user. On the basis of application, the market is segmented into surgeries, disease diagnosis and cancer therapy. The surgeries segment is expected to account for the largest share of the market in 2017 . The growth in this segment is primarily attributed to increasing prevalence of chronic diseases such as cancer and cardiovascular diseases and increasing awareness about image guided surgeries.

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By region, the patient positioning system market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). The market is dominated by North America, followed by Europe, however, the Asian region is expected to witness the highest growth during the forecast period. The presence of emerging economies like China and India; large population and rising prevalence of chronic diseases ; improving standards of living; and growing demand for quality medical care are some of the key factors driving the high growth of this regional segment.

Availability of refurbished patient positioning systems and product recalls are the restraining factors for this market.

AB (Sweden), Hill-Rom, Inc. (U.S.), Stryker Corporation (U.S.), Steris Plc. (U.S.), are the top four players in this market. These companies have a broad product portfolio with comprehensive features and have a strong geographical presence.