Market Definition:
The global surgical imaging market was valued at USD 1.8 billion in 2023 and it is anticipated to grow up to USD 3.2 billion by 2033, at a CAGR of 5.9% during the forecast period.
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 Outlook:
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.
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Research Objectives:
• Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
• Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
• Identify factors influencing market growth and challenges, opportunities, drivers and restraints
• Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
• Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
• Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
• To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
• Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Segmental Overview
The report analyses the global surgical imaging market based on technology, application, end use, and region.
Major Players
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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Research Scope:
• Scope – Highlights, Trends, Insights. Attractiveness, Forecast
• Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
• Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
• Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
• Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
• Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
• Market Size in 2021 – $1.8 bn
• Market Size in 2031 – $3.2 bn
• CAGR % – 5.9%
• Historic Period – 2015-2020
• Forecast Period – 2022-2031
• Base Year – 2021
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