The 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.
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.
Market Restraints and Challenges
Stringent approval procedures and high costs associated with these devices may have a negative impact on market expansion. Owing to their advanced features and functionalities, mobile C-arms are generally expensive and cost above USD 200,000. Advanced mobile C-arms are equipped with powerful generators (up to 20kW), which enable the penetration of dense anatomies. GE Healthcare’s OEC 9900 Elite and Ziehm Imaging’s Vision RFD are among the most expensive mobile C-arms manufactured. The large image displays in these mobile C-arms enable a precise evaluation of the images while allowing surgeons to view and analyze these images at a distance. In addition to the high purchase cost, these equipment have several other direct expenses for printers and DICOM boxes, which results in an overall increase in the total cost of ownership. Due to the requirement of significant capital expenditure, many small and medium-sized institutions find it hard to purchase these equipment.
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.
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.
COVID-19 Impact
A worldwide emergency has been caused by the COVID-19 pandemic. The pandemic is going to negatively impact the surgical imaging market. The pandemic has put significant strain on the healthcare systems of the world. During this period, healthcare institutions and providers have been instructed to stop performing elective surgical procedures and medical examinations to slow the spread of the disease and conserve healthcare resources for COVID-19 patients.
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