With the popularity and advancements in the surgical therapy such as Bronchoscopy, Thoracoscopy, etc. the market of surgical imaging market is expected to experience a good growth in 10 to 15 years. The market is expected to grow with an annual growth rate of almost 6% in the next decade and so.
It is estimated that the value of the global surgical imaging market will exceed USD 6 billion in 2021, and is expected to grow at a compound annual growth rate of 6% during the forecast period from 2022-2030. The growing elderly population and knowledge of radiotherapy are one of the most important factors driving market growth. In addition, technological progress may lead the market in the future. On the other hand, accurate verification methods and the high costs associated with these tools can have a negative impact on market expansion.
However, the increasing use of minimally invasive surgery is driving demand for these systems and expanding the market. In addition, the availability of advanced technology will increase future demand. The governments of developed regions have established a health insurance framework. The United States has some of the best healthcare facilities, serving more than 300 million people. The powerful insurance framework reduces the financial burden of the surgical staff and improves the compatibility with innovative technologies such as robotic surgery and surgical imaging.
The governments of emerging economies such as Brazil and Mexico are focused on providing affordable advanced surgical imaging solutions to achieve better healthcare. However, the high cost associated with surgical imaging equipment makes it difficult to adopt.
Major market players:
Koninklijke Philips N.V., GE Healthcare. Inc.; Hitachi, Ltd.; Philips Electrical Geodesics, Inc.; Shimadzu Corporation; Fujifi Siemens sanitary care system; Canon Medical Systems Corporation; Holological Care Flow Co., Ltd.; and BioSign.
According to this equipment, the market is divided into endoscopes, laparoscopes, angiography, C-arms and surgical navigation systems. After surgical navigation, Hoop had the largest global market share in 2017. C-Arms is expected to maintain its leading position, and the equipment industry is expected to experience the fastest growth during the forecast period. Endoscopes and laparoscopic instruments are widely used in minimally invasive surgery. The main uses of the C-arm are abdominal aortic aneurysm and thoracic aortic aneurysm repair, visualization of renal excretion, percutaneous valve replacement, vascular surgery, heart surgery, nerve stimulation, digestion, pain management, orthopedics and neurology.
The market is divided into MRI, X-ray, computed tomography, optical and nuclear imaging. With the increasing prevalence of chronic diseases and the demand for these disease management procedures are expected to dominate X-rays, X-ray equipment is divided into fixed, portable and portable types. In addition, the high incidence of cardiovascular disease (CVD) and dental problems is increasing the demand for these devices. As the population ages and the demand for bedside imaging increases, the demand for portable X-ray equipment continues to increase. According to application, the market is segmented into cardiovascular, neurosurgery, ophthalmology, breast, urology, orthopedics and traumatology.
The orthopedics and trauma industries will occupy the largest market share in 2017 and will achieve the highest compound annual growth rate during the forecast period. Fiber optic cameras are used for minimally invasive surgery to reduce the complexity and cost of thoracic surgery. With the help of video, almost all chest diseases can be effectively treated. Strict bronchoscopy and thoracoscopic medical procedures can reduce postoperative pain and speed up recovery.
Main market regions:
The study on Surgical imaging market was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the Global surgical imaging market research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.