Surgical Imaging: Increased Demands for Integrated Data Management in Medical Devices and Imaging Systems

 Surgical Imaging Market

Surgical imaging is the visualization technique designed for helping surgeons efficiently carry out the different surgical procedures. This imaging technique is based on the different technologies available for imaging such as nuclear imaging, MRI, computed tomography, ultrasound amongst others. This technique is able to help surgeons target the surgical area in a more accurate manner by helping them get visualization that they are not able to attain with the naked eye. This technique generally involves the usage of cameras and display systems for their successful operation.

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Surgical imaging market is growing due to minimally invasive procedures demand, rise in the healthcare expenditure; the effects of these factors are mentioned below:

  • Minimally invasive procedures demand: Due to the various advantages associated with minimally invasive modes of treatment, the demand for this surgical method has witnessed a rapid rise in recent times with the market still yet to expand further in the forthcoming period. This preference for carrying out minimally invasive procedures subsequently translates to better quality of imaging techniques and solutions to help visualize the application areas to reduce the levels of invasion during a procedure
  • Rise in the healthcare expenditure: Healthcare industry is experiencing a significant rise in the volume of expenditure being incurred by the various authorities and organizations of different regions. This growth of expenditure is due to the fact that the market players are focusing on introducing innovative technologies and advancing the existing infrastructure available

Innovative product expansion as well as company acquisitions by the major market players:

  • In September 2019, Smith & Nephew announced the availability of “LENS 4K Surgical Imaging System”, with the system consisting of camera control unit, camera head including an integrated light source, image management solutions and tablet applications to provide end-to-end 4K imaging during a surgical procedure. The product has been developed to introduce better integration and management solutions while also involving data capturing management services for surgical imaging.
  • In September 2019, Stryker announced that they had agreed for the acquisition of Mobius Imaging, LLC along with their sister company GYS Tech, LLC for an approximate acquisition valuation of USD 370 million and USD 130 million dependent on company milestones. This acquisition will enable better offerings for Stryker in terms of imaging and implant solutions for the spine.

The market is segmented on the basis of technology as image intensifier c-arms and FPD c-arms. Application has been segmented into orthopedic & trauma surgeries, neurosurgeries, cardiovascular surgeries, gastrointestinal surgeries and other applications. Product has been segmented as mobile c-arms, mini c-arm, endoscopy, laparoscopy, angiography, surgical navigation systems and others. Modality has been categorized as MRI, X-Ray, computed tomography, optical, nuclear imaging and ultrasound. End user has been segmented as hospitals, clinics and others.

“According to Data Bridge Market Research, Global Surgical Imaging Market is expected to be growing with a potential rate of growth at 5.87% during the forecast period of 2019 to 2026”

Some of the major players operating in market are NDS Surgical Imaging, GENERAL ELECTRIC, Siemens, Medtronic, Carestream Health, Koninklijke Philips N.V., Hologic Inc., CONMED Corporation, Agilent Technologies Inc., Ziehm Imaging GmbH, Shimadzu Corporation, Eurocolumbus s.r.l., Cook, OrthoScan Inc., TOSHIBA CORPORATION, Canon Inc., BPL Medical Technologies, Basler AG, Surgical Imaging Associates LLC, Barco and Olympus Corporation among others.

With the proliferation of digitization age in the major industries worldwide, the requirements for database integrated imaging solutions from the surgical imaging systems and other forms of medical devices is resulting in the introduction of innovative products and solutions that can help provide better healthcare services for the patients. This trend of having more advanced data management services is acting as a positive opportunistic market growth trends.

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