Global Surgical Imaging Market : Industry Analysis and Forecast (2019-2027)
Global Surgical Imaging Market was valued at US$ 1.5 Bn in 2019 and is expected to reach US$ 2.6 Bn by 2027, at a CAGR of 7.4 % during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Global Surgical Imaging Market Dynamics:
The surgical imaging market is highly driven by growing demand for minimal invasive procedures, growing popularity of Flat Panel Detector C-arms (FPD C-arms) owing to advantages of FPDs over image intensifiers, technological advancements and high precision have increased adoption in various fields of medical sciences and availability of advanced techniques. Moreover, reimbursement cuts on analog radiography systems, increasing demand for data integrated imaging systems, and high growth in emerging markets are the factors that will drive the market of surgical imaging market during the forecast period.
On the other hand, strict approval procedures and the high cost of devices may hamper the growth of the surgical imaging market in upcoming years.
Global Surgical Imaging Market Segmentation Analysis:
On the basis of technology, The FPD C-arms segment had the largest market share in 2019 and is expected to register the highest CAGR XX% during the forecast period (2019-2027). FPDs are increasingly taking place of image intensifiers on mobile C-arm systems, owing to advantages offered by the FPD technology like increased image quality (no deterioration of the image quality over time) and lower patient dose.
Based on application, the global surgical imaging market is segmented into orthopedic & trauma, pediatric surgeries, neurosurgery, gastroenterology surgeries, and cardiovascular surgeries. The number of orthopedic surgeries is expected to grow at the highest CAGR rate during the forecast period, owing to an aging demographic and increasing obesity rates all over the world. Obesity is a major risk factor for disorders of the joints and other orthopedic conditions. Growing in the number of orthopedic surgeries, the demand for advanced surgical imaging tools such as C-arms is expected to increase during the forecast period. Surgical imaging has huge applications in brain and spinal surgeries. Neurosurgeons widely use imaging during these surgeries as they require small objects—biopsy needles, implants, or tubes—to deliver drugs to precise locations in the brain.
Global Surgical Imaging Market Regional Insights:
North America contributed the largest market share in 2019 and is expected to dominate over other regions in the surgical imaging market during forecast years (2019-2027), owing to the well-developed healthcare infrastructure giving support for the adoption of advanced surgical imaging technology, rising in the number of sports injuries, favourable government policies supporting the purchase of the advanced surgical imaging devices and reimbursement of the same these are the factors will drive the market of surgical imaging in North America. Moreover, the increasing number of cases of cardiovascular, gastrointestinal, and neurological disorders in the region has led to increase in number of surgeries and demand for surgical imaging in North America. North America is followed by Europe and will continue the likely trend during the forecast period.
The objective of the report is to present comprehensive assessment projections with a suitable set of assumptions and methodology. The report helps in Global Surgical Imaging Market dynamics, structure by identifying and analyzing the market segments and projecting the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, growth strategies, and regional presence.
Global Surgical Imaging Market, Key Highlights:
• Global Surgical Imaging Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Surgical Imaging Market
• Global Surgical Imaging Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Surgical Imaging Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Surgical Imaging Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Surgical Imaging Market are also profiled.
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Scope of the Global Surgical Imaging Market Report:
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Global Surgical Imaging Market, by Technology
• Image intensifier C-arms
• Flat Panel Detector C-arms (FPD C-arms)
Global Surgical Imaging Market, by Application
• Orthopedic and Trauma Surgeries
• Neurosurgeries
• Cardiovascular Surgeries
• Gastrointestinal Surgeries
• Other Applications (Urology and End bronchial & Thoracic Surgery)
Global Surgical Imaging Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in the Global Surgical Imaging Market:
• GE Healthcare
• OrthoScan, Inc.
• Koninklijke Philips N.V.
• GENORAY Co., Ltd.
• Eurocolumbuss.r.l.
• Ziehm Imaging GmbH
• Hologic, Inc.
• Shimadzu Corporation
• Siemens AG
• Medtronic plc
• Toshiba Medical Systems Corporation
• Allengers Medical Systems Ltd.
• General Electric Company
• Shimadzu Corporation
• Hologic Inc.
• OrthoScan, Inc.
• Allengers Medical Systems Limited
• Eurocolumbus Srl
• Hologic, Inc.
• Canon Medical Systems
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