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/EIN News/ -- NEWARK, Del, June 24, 2022 (GLOBE NEWSWIRE) -- The global patient positioning system market is expected to secure a market value worth US$ 1.8 Billion while displaying a CAGR of 3.9% during the forecast period from 2022 to 2032. The increasing geriatric population and the growing incidences of cancer are anticipated to play a key role in driving the patient positioning system market in the assessment period.
Ongoing technical advancement in the healthcare system is expected to drive the market in the coming period. Advancements in technologies such as; cancer tracking sensors, optic fiber, and MEMS sensors are likely to augment the market size. Players in the market are focusing on launching advanced products. For instance, in 2020, Elekta, a Swedish player, announced its new product called Elekta Harmony linear accelerator. It is a modern cancer treatment system with a shorter treatment slot of up to 25% and a 30% smaller footprint.
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“Rising prevalence of chronic ailments and the expanding geriatric population across the globe is expected to drive the growth of patient positioning system market. Also, the ongoing development in the healthcare sector is another salient cause strengthening the industry.”
The emergence of an AI-based patient positioning system for analyzing and comparing the imaging workflow is projected to display avenues of expansion. Renowned entities in the market are focusing to launch new products which will benefit the market notably in the coming period.
In March 2021, Royal Philips rolled out its AI-based Precise Suite solution for its Incisive CT platform. The equipment aims to provide advanced workflow from image acquisition through reporting with AI-based image reconstruction, motion-free cardiac image capture, and automated patient positioning.
On the contrary, a lack of adequate infrastructure is anticipated to hinder the market growth during the forecast period. Also, only a limited number of healthcare institutions in developing and underdeveloped nations can afford to implement modern techniques in their equipment. However, with the increased launch of advanced products, the global market is expected to benefit. For instance, FDA-approved ORION is an operable system solution that connects all software and hardware elements. The system reduces the per-patient treatment cycle by offering the scope of preparing the patient outside the treatment room through a tool changer.
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Key Takeaways from the Market Study
Key players in the global patient positioning system market include Hill-Rom Holdings, Medtronic plc, Inc., Medline Industries, Stryker Corporation, LP, and Skytron, LLC. Recent key developments in the market are:
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Key Segments Profiled in the Global Patient Positioning System Market
Patient Positioning System Market by Product:
Patient Positioning System Market by Application:
Patient Positioning System Market by End User:
Patient Positioning System Market by Region:
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1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Key Market Characteristics & Attributes
1.4. Analysis and Recommendations
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Risks and Trends Assessment
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