Global Surgical Imaging Market was valued at USD 1.8 billion in 2021 and it is anticipated to grow up to USD 3.2 billion by 2031, at a CAGR of 5.9% during the forecast period.
The global surgical imaging market report from Global Insight Services is the single authoritative source of intelligence on Surgical Imaging Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Surgical imaging systems are intra-operative imaging systems that are based on X-ray technology and can be used flexibly in various operating rooms. C-arms system is 2D or 3D medical imaging system used during numerous intraoperative procedures such as spine, cranial, orthopedics, cardiovascular surgery.
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Market Trends and Drivers
The governments in developed regions have well-established health insurance frameworks. The U.S. has high healthcare coverage for more than 300 million of its population. A strong insurance framework puts a less financial burden on the people to undergo surgeries and this promotes the adaption of innovative technologies, such as robotic surgeries and surgical imaging. These factors are also projected to impel market growth in the years to come. Governments in developing economies, such as Brazil and Mexico, are focusing more on providing cost-effective and advanced surgical imaging solutions for better healthcare solutions. However, high costs associated with surgical imaging equipment may hinder their adoption.
Global Surgical Imaging Market Segmental Overview
The report analyses the global surgical imaging market based on technology, application, end use, and region.
Global Surgical Imaging Market by Technology
Based on technology, it is segmented into image intensifier C-arms and flat-panel detector C-arms (FPD C-arms). The FPD C-arms segment is projected to register the highest CAGR of 7.7% during the forecast period. The large market share of this segment can be attributed to the large installed base, low price and low maintenance costs of this systems. Other factor such as rise in demand for flat panel detector c-arms, technologically advancement in medical devices, and wide availability of FPD c-arm are majorly driving the surgical imaging market growth. Furthermore, advantages offered by flat panel detector c-arms over the image intensifier c-arm such as higher resolution, clarity, contrast, high efficiency further supports the market growth. Furthermore, FPD image can be displayed and analyzed with the latest software/computer advances, there are no moving parts on FPD, and thus these are simple, and no dust or vibration concerns these factors further contribute the market growth of FPD c-arms.
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Global Surgical Imaging Market by Application
Based on application, it is segmented into orthopedic & trauma surgeries, cardiovascular surgeries, neurosurgeries, gastrointestinal surgeries and others. The orthopedic & trauma surgeries segment is the largest and the fastest-growing application segment in this market. This can be attributed to the increasing popularity of minimally invasive procedures in orthopedic and trauma surgeries and the advantage of 3D navigation in these surgeries through the use of C-arms.
Global Surgical Imaging Market by End-use
Based on end-use, it is segmented into hospitals and surgery centers & clinics. The hospitals segment is likely to dominate the surgical imaging market during the forecast period is attributed to the rising adoption of surgical rising demand for effective disease management, growing surgical procedural volumes in hospitals, and the increasing number of hospitals being set up in developing countries. Moreover, growing product installation across hospitals and clinics is fueling the intraoperative CT scanner market share, as these tools are an important part of the surgical setup for spine surgery, neurological surgeries, and other procedure.
Major Players in the Global Surgical Imaging Market
The key players in the surgical imaging market are GE Healthcare (UK), Siemens AG (Germany), Koninklijke Philips (Netherlands), Ziehm Imaging (Germany), Shimadzu Corporation (Japan), Canon Medical Systems (Japan), Hitachi Ltd., Hologic, Inc. (U.S.), Toshiba (Japan), and Medtronic Plc. (U.S.) among others.
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