Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Patient Positioning Devices Market – Offer Patient Comfort and Streamline Workflows
Patient positioning devices are used in various surgical and diagnostics procedures for patient's safety and surgeon's ease of access to the area of operation. The choice of surgical positioning devices majorly depends on the type of surgery to be performed. Positioning patients correctly in the operating room is important on order to provide the best care possible and preventing problems such as nerve damage and pressure ulcers. Increasing prevalence of chronic diseases and technological advancements in the patient positioning equipment are expected to drive growth of global patient positioning devices market.
The global patient positioning devices market was valued at US$ 985.4 million in 2017 and is expected to witness a robust CAGR of 4.2% over the forecast period (2017 - 2025).
Figure 1. Global Patient Positioning Devices Market (US$ Mn), by Application, 2017
Source: Coherent Market Insights (2018)
Increasing number of surgeries due to high prevalence of chronic diseases is expected to fuel market growth
Increasing number of surgeries due to high prevalence of chronic diseases is expected to be a major factor driving growth of global patient positioning devices market during the forecast period. According to World Health Organization (WHO) report, around 23.6 million new cases of cancer are projected to be reported worldwide by 2030. High prevalence of chronic diseases such as cancer and kidney disorders demand for increasing therapeutic and diagnostic procedures including radiation therapy. For instance, according to National Kidney Foundation data 2015, 10% of the population is affected by chronic kidney disease worldwide.
According to study published by National Center for Biotechnology Information (NCBI), in 2014, robotic assisted surgeries showed 6.6% injury rate, signifying risk associated with robotic surgery. Positioning injuries are identified in open surgery, however laparoscopic surgery experience increased risk. However, pelvic surgeries, both laparoscopic and open can experience higher neurologic damage due to autonomic nerve disruption from surgical dissection, improper lithotomy positioning, and incorrect placement of retractors. Though incidence rates for injuries are low it offers a great market opportunity for developing equipment aimed at eliminating these injuries.
Technological advancements in the field of patient positioning to accelerate the market growth
Latest surgical procedures such as minimally invasive and robotic surgery face various challenges in positioning the patient safely and providing adequate access to the surgical site. Increasing number of robotic surgeries requiring more specific positioners has spurred the patient positioning devices market growth. For instance, D.A. Surgical TrenGuard is one of the most efficient and effective patient positioning system in the market. Sports medicine utilizes a wide range of patient positioning equipment including distraction devices for arthroscopic procedures and small-incisions. For instance, knee surgery, one of the most frequent sports-related surgery, relies majorly on distraction devices compared to manual manipulation of the limb. Advancements in the medical field provide better and new hospital equipment for complex surgeries. Operating table is one of the most vital factor in the field of surgery. An ergonomic design of the patient positioning equipment is projected to minimize the risk injuries and increase workflow efficiencies along with providing accurate delivery of prescribed radiation doses. However, implementation of US Medical Device Excise Tax (MDET) in the U.S. from 2018 can impede market growth. Importers and manufacturers of taxable medical devices will be subjected to 2.3% tax on the U.S. sales.
Key players operating the global patient positioning devices market include Alvo, Civco Radiotherapy, C-Rad, Dexta, Eschmann Equipment, Elekta AB, Getinge AB, GE Healthcare, Hill-Rom, Inc., Innovative Medical Products, Inc., Leoni AG, Merivaara Corp., Medifa-Hesse GmbH & Co. Kg, Mizuho OSI, Opt Surgisystems S.R.L, Mediland Enterprise Corporation, Schuremed, Smith & Nephew PLC, Span America Medical Systems, Inc., Steris PLC, Stryker Corporation, Skytron, and Xodus Medical Inc.