Patient positioning system, also known as repositioning aid or device, is primarily used in health care facilities for mobility and repositioning of patients. Patient positioning systems are required for the elderly population for day-to-day activities, for those recovering from surgery or injury or any other medical condition, and also for those who are disabled permanently. These provide easy and safe way to move and transfer patients, and helping them to be more independent and mobile. These are also useful for children with birth defects or who are mentally challenged. Patient positioning systems are used during surgeries to maintain proper position of patient. A patient positioning system can be a complex electronic powered machine or a basic structure. These systems have wide applications in health care, especially in orthopedics, long term care centers, and general medical devices.
The global patient positioning systems market can be segmented based on product type, application, end-user, and region. In terms of product type, the global market can be classified into tables, surgical tables, radiolucent imaging tables, examination tables, accessories, and other patient positioning systems. Based on application, the global patient positioning systems market can be categorized into surgery, diagnostics, and others. The surgery segment is expected 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.
Increase in demand for these systems in hospitals, development and advancement of products, and rise in global geriatric population drive the global patient positioning systems market. 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.
Geographically, the global patient positioning systems market can be segmented into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to account for major share of the global market due 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 attributed 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.
The global patient positioning systems market is highly competitive due to the presence of numerous international and regional players. Key companies operating in the global market are 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.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.
TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.
Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:
Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.
Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.
Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.