Global Stereotactic X-Ray Market, By Product Type (Biopsy Needles, Guidance Systems, Others), Test Type (Vacuum-Assisted Core Biopsy, Core-Needle Aspiration), End- Users (Hospitals, Ambulatory Surgical Centers, Specialty Clinics) – Industry Trends and Forecast to 2029.
Global Stereotactic X-ray Market Analysis and Size
Surging cases of various diseases which results in growing adoption of stereotactic x-ray is estimated to drive the market’s growth across the globe. The stereotactic x-ray market is largely influenced by surging focus of key players towards technological advances and indulging towards collaboration and partnerships with other organizations. Consequently, these growth determinants ae projected to show substantial growth over the forecasted period.
- Global Stereotactic x-ray Market is expected to register a CAGR of 3.7% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Global Stereotactic X-ray Market Definition
X-rays are basically a form of electromagnetic radiation that is similar to visible light. Medical x-rays are used to generate images of tissues and structures inside the body. If x-rays travelling through the body also pass through an x-ray detector on the other side of the patient, an image will be formed that represents the “shadows” formed by the objects inside the body. The stereotactic x-ray basically allow for precise placement of probes inside the brain or other sections of the body.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2019 - 2014)
Revenue in USD Billion, Volumes in Units, Pricing in USD
By Product Type (Biopsy Needles, Guidance Systems, Others), Test Type (Vacuum-Assisted Core Biopsy, Core-Needle Aspiration), End- Users (Hospitals, Ambulatory Surgical Centers, Specialty Clinics)
U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa
Market Players Covered
Koninklijke Philips N.V. (Netherlands), General Electric (U.S.), Canon, Inc. (Japan), Carestream Health (U.S.), FUJIFILM Holdings Corporation (Japan), Shimadzu Corporation (Japan), Hologic Inc. (U.S.), Agfa-Gevaert Group (Belgium), Samsung Medison Co., Ltd. (South Korea), Konica Minolta (Japan), Shenzhen Mindray Bio-Medical Electronics Co. Ltd.,(China), Varex Imaging (U.S.), MinXray, Inc. (US), and ACTEON Group(France),
Stereotactic x-ray Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Growing Burden Of Diseases
The growth in disease incidence especially cancer, is the most significant factor driving the growth for this market. Also, increasing geriatric population which is prone towards such diseases is also expected to accelerate the overall growth of the market.
Furthermore, the advantages of stereotactic digital X-ray systems such as their speed and accuracy, as well as quick processing times, allow for significantly higher patient screening volumes are also expected to fuel market growth. Moreover, the rising awareness among the patients regarding the cancers and other diseases also cushions the market’s growth within the forecasted period.
- Favourable regulations and Advancements
Moreover, the favorable government regulations, investments and initiatives are estimated to generate lucrative opportunities for the market. Various technological advancements in the stereotactic x-rays will further offer numerous growth opportunities for the market.
Restraints/Challenges Global Stereotactic X-ray Market
- Falling Reimbursements And Lack Of Infrastructure
On the other hand, the obstacles such as falling reimbursements and a lack of infrastructure will stifle market expansion particularly in developing and impoverished countries, which are expected to obstruct market growth.
- Risks Associated with Radiation
Also, the risks associated with radiation exposure are projected to challenge the stereotactic x-ray market in the forecast period of 2022-2029.
This stereotactic x-ray market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the stereotactic x-ray market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Post Covid-19 Impact on Stereotactic x-ray Market
The stereotactic x-ray market was largely industry impacted by the outbreak of COVID-19. In the beginning of the pandemic, the imposition of the lockdown and social distancing restrictions by the government to curb the COVID-19 pandemic outbreak, led to halt of various operations, supply chain disruptions, stifling business growth, technology event cancellations, suspensions of new developments and has affected the overall production and sales, limiting the industry's expansion. Where laboratory testing (RT-PCR) is not available, results are delayed, or results are initially negative, chest imaging has been proposed as an alternate option for individuals with suspected or probable COVID-19.
However, on the brighter side, the restrictions of the government measures are likely to relax which will help market to witness a slight increment post COVID-19, as the manufacturers are focusing on various developments and innovations, market trends and other expansion strategies. These factors will id the market to grow at a substantial pace post-COVID.
- In June 2020, GE Healthcare announced the FDA's 510(k) clearance of Pristina Serena BrightTM*, the healthcare industry's first contrast-enhanced mammography solution for biopsy, to aid doctors and patients in their fight against breast cancer.
Global Stereotactic x-ray Market Scope
The stereotactic x-ray market is segmented on the basis of product type, test type and end- users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Biopsy Needles
- Guidance Systems
On the basis of product type, the stereotactic x-ray market is segmented into biopsy needles, guidance systems and others.
- Vacuum-Assisted Core Biopsy
- Core-Needle Aspiration
On the basis of test type, the stereotactic x-ray market is bifurcated into vacuum-assisted core biopsy and core-needle aspiration.
- Ambulatory Surgical Centers
- Specialty Clinics
On the basis of end- users, the stereotactic x-ray market is bifurcated into hospitals, ambulatory surgical centers and specialty clinics.
Stereotactic x-ray Market Regional Analysis/Insights
The stereotactic x-ray market is analyzed and market size insights and trends are provided by country, product type, test type and end- users as referenced above.
The countries covered in the stereotactic x-ray market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the stereotactic x-ray market because of the rise in the adoption of healthcare systems towards sophisticated technology in the region during the forecast period.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the surge in the incidence of cancer within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The stereotactic x-ray market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for stereotactic x-ray market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the stereotactic x-ray market. The data is available for historic period 2010-2020.
Competitive Landscape and Stereotactic x-ray Market Share Analysis
The stereotactic x-ray market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to stereotactic x-ray market.
Some of the major players operating in the stereotactic x-ray market are
- Koninklijke Philips N.V. (Netherlands)
- General Electric (U.S.)
- Canon, Inc. (Japan)
- Carestream Health (U.S.)
- FUJIFILM Holdings Corporation (Japan)
- Shimadzu Corporation (Japan)
- Hologic Inc. (U.S.)
- Agfa-Gevaert Group (Belgium)
- Samsung Medison Co., Ltd. (South Korea)
- Konica Minolta (Japan)
- Shenzhen Mindray Bio-Medical Electronics Co. Ltd., (China)
- Varex Imaging (U.S.)
- MinXray, Inc. (U.S.)
- ACTEON Group (France)