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.
New York, According to a new market research report published by Global Insight Services "Surgical Imaging Market" is expected to reach US$ XX bn by 2031. 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 Segmentation
Technology
Image Intensifier C-armsFlat-Panel Detector C-arms (FPD C-arms)Application
Orthopedic & Trauma SurgeriesCardiovascular SurgeriesNeurosurgeriesGastrointestinal SurgeriesOthersMajor 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.
Reasons to buy Surgical Imaging Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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