The Surgical Imaging Market is poised for substantial growth, with a valuation of USD 1.95 billion in 2022 projected to reach USD 3.07 billion by 2029, reflecting a CAGR of 6.7% during the forecast period (2023-2029).
Surgical imaging is a critical tool utilized by surgeons to visualize interior body structures, facilitating more efficient and safer surgical procedures. It encompasses various technologies such as fluoroscopy, ultrasound, X-rays, CT scans, MRI, and radionuclide technologies.
Market Overview
As of the most recent Surgical Imaging Market update, the global economic landscape reflects a dynamic interplay of various factors. Major financial markets continue to navigate the aftermath of the unprecedented events that unfolded in recent years, such as the global pandemic and geopolitical shifts. Equities have demonstrated resilience amid ongoing uncertainties, propelled by technological advancements, innovation, and accommodative monetary policies. However, challenges persist, including inflationary pressures, supply chain disruptions, and regulatory changes in various sectors. Investors are closely monitoring central bank decisions, fiscal policies, and emerging trends to assess potential opportunities and risks. The market’s response to evolving conditions underscores the importance of adaptability and strategic planning for both businesses and investors in this complex and ever-changing environment.
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Research Methodology:
The research methodology employed in this report ensures comprehensive and accurate insights into the Surgical Imaging Market. For a deeper understanding, readers are encouraged to request the free sample report.
Market Dynamics:
Drivers:
- Advantages of flat-panel detectors (FPDs) over image intensifiers.
- Technological advancements, particularly in C-arm technology.
- Growing demand for less invasive treatments.
- Increasing geriatric population globally.
- Rise in healthcare infrastructure spending.
Restraints:
- High costs associated with surgical devices and systems, particularly mobile C-arms.
Segmentation:
By Technology: The C-Arm segment is anticipated to experience rapid growth, driven by its mobility and adaptability, particularly suitable for smaller hospitals with budget constraints.
By Application: Orthopaedic and trauma applications are expected to witness significant growth, driven by the increasing number of orthopaedic surgeries and demand for less invasive procedures.
By End-Use: Hospitals are projected to be major end-users of surgical imaging technologies, with significant revenue generation attributed to the rise in minimally invasive surgeries and advancements in technology.
by Technology
1. Image intensifier C-arms
2. Flat Panel Detector C-arms (FPD C-arms)
by Application
1. Orthopedic and Trauma Surgeries
2. Neurosurgeries
3. Cardiovascular Surgeries
4. Gastrointestinal Surgeries
5. Other Applications (Urology and End bronchial & Thoracic Surgery)
by End-Use
1. Hospitals
2. Diagnostic Centers
3. Academic & Research Institutes
Regional Insights:
North America: Dominating the market share, North America is expected to sustain its leadership position, driven by factors such as well-developed healthcare infrastructure, favorable government policies, and increasing incidence of chronic illnesses.
Asia Pacific: Anticipated to exhibit strong revenue growth, Asia Pacific is expected to witness a rise in demand for surgical imaging technologies due to the prevalence of various disorders, government initiatives promoting radiation awareness, and an increase in minimally invasive surgical procedures.
Market Key Players
1. Ziehm Imaging GmbH (Germany)
2. Siemens AG (Germany)
3. Basler AG (Germany)
4. Koninklijke Philips N.V. (Netherlands)
5. Barco (Belgium)
6. Eurocolumbus Srl (Italy)
7. Medtronic plc (Ireland)
8. CONMED Corporation (US)
9. NDS Surgical Imaging (US)
10. Carestream Health (US)
11. GE Healthcare (US)
12. Hologic, Inc. (US)
13. New View Surgical, Inc (US)
14. Johnson & Johnson (US)
15. Abbott Laboratories (US)
16. Cardinal Health (US)
17. Stryker Corporation (US)
18. Baxter International Inc (US)
19. Boston Scientific (US)
20. 3M Health Care (US)
21. Danaher Corporation (US)
22. Imagin Medical (Canada)
23. GENORAY Co., Ltd. (South Korea)
24. Shimadzu Corporation (Japan)
25. Olympus Corporation (Japan)
26. Canon Medical Systems Corporation (Japan)
27. Allengers Medical Systems Ltd. (India)
28. BPL Medical Technologies (India)
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Key questions answered in the Surgical Imaging Market report include:
What is Surgical Imaging?
What factors drive Surgical Imaging Market growth?
What are the main challenges for Surgical Imaging Market growth?
What was the Surgical Imaging market size in 2023?
Which trends are expected to contribute to Surgical Imaging market growth?
What recent industry trends can generate additional revenue streams for the Surgical Imaging Market?
What growth strategies are players considering to increase their foothold in the Surgical Imaging Market?
Who held the largest market share in the Surgical Imaging Market?
Key Offerings:
Past Market Size and Competitive Landscape (2021 to 2023)
Past Pricing and price curve by region (2021 to 2023)
Market Size, Share, Size & Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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