Global Surgical Imaging Market, By Technology (Image Intensifier C-Arms, Flat Panel Detector C-Arms), Application (Orthopedic and Trauma Surgeries, Neurosurgeries, Cardiovascular Surgeries, Gastrointestinal Surgeries, Other Applications), Product (Mobile C-arms, Mini C-Arm, Endoscopy, Laparoscopy, Angiography, Surgical navigation systems, Others), Modality (MRI, X-ray, Computed Tomography, Optical, Nuclear Imaging, Ultrasound), End-User (Hospitals, Clinics, Others) – Industry Trends and Forecast to 2029.
Global Surgical Imaging Market Analysis and Size
The market for surgical imaging is estimated to increase rapidly over the forecast period. Chronic disorders including cardiovascular disease, are frequently linked to the aging process. According to the World Health Organization (WHO), cardiovascular diseases (CVDs) are the leading cause of mortality worldwide, killing 17.9 million people each year. Strokes and heart attacks account for four out of every five cardiovascular deaths, with one-third of deaths occurring before the age of 70. Hence, an increase in the frequency of chronic diseases led to the introduction of surgical imaging in the market.
- Data Bridge Market Research analyses that the surgical imaging market was valued at USD 1.91 billion in 2021 and is expected to reach USD 3.14 billion by 2029, registering a CAGR of 6.37% during the forecast period of 2022 to 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 Surgical Imaging Market Definition
Prior to and during surgical procedures, surgical imaging is used to view internal images of the body, including bones and organs. It encompasses fluoroscopy, ultrasound, X-rays, computed tomography (CT), magnetic resonance imaging (MRI), magnetic resonance (MR) guided radiation therapy, and radionuclide methods, among other medical modalities. Surgical imaging has grown in popularity among surgeons over the years because it allows them to conduct complex surgical procedures with greater ergonomics, efficiency, and safety.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2019 - 2014)
Revenue in USD Billion, Volumes in Units, Pricing in USD
Technology (Image Intensifier C-Arms, Flat Panel Detector C-Arms), Application (Orthopedic and Trauma Surgeries, Neurosurgeries, Cardiovascular Surgeries, Gastrointestinal Surgeries, Other Applications), Product (Mobile C-arms, Mini C-Arm, Endoscopy, Laparoscopy, Angiography, Surgical navigation systems, Others), Modality (MRI, X-ray, Computed Tomography, Optical, Nuclear Imaging, Ultrasound), End-User (Hospitals, Clinics, Others)
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.
Market Players Covered
Siemens Healthcare GmbH (Germany), CANON MEDICAL SYSTEMS CORPORATION (Japan), General Electric (US), TOSHIBA CORPORATION (Japan), Olympus Corporation (Japan), Koninklijke Philips N.V. (Netherlands), Hologic, Inc. (US), Medtronic (Ireland), CONMED Corporation (US), NDS Surgical Imaging (Florida), Carestream Health (US), Ziehm Imaging GmbH (Germany), Eurocolumbus s.r.l. (Italy), OrthoScan Inc. (US), BPL Medical Technologies (India), Basler AG (Germany), Surgical Imaging Associates LLC (US), Barco (Belgium), Shimadzu Corporation (Japan), Agilent Technologies, Inc.(US), Cook (US)
Surgical Imaging Market Dynamics
- Increasing prevalence of chronic diseases
The rising prevalence of chronic diseases such as diabetes, high blood pressure, cancer, high cholesterol, and osteoporosis will propel the market's growth rate during the forecast period of 2022-2029.
- Rise in the number of geriatric population
The number of persons aged 60 and up has consistently increased over time due to rising life expectancy. The worldwide geriatric population will grow from 727 million in 2020 to 1.5 billion by 2050, according to the United Nations Database on World Population Ageing 2020. Geriatric people have the highest risk of suffering from chronic diseases, increasing the demand for the surgical imaging market.
Furthermore, the rising demand for minimally invasive procedures will act as major factor influencing the growth of the surgical imaging market. Along with this, increasing urbanization and rising level of disposable income are the driving factors accelerating the growth of the surgical imaging market. Also, increasing expenditure on healthcare infrastructure and the continuously changing lifestyle of people are the major market drivers that will further escalate the growth of surgical imaging market.
- Technological advancement
Moreover, the rising adoption rate of advanced technologies will provide beneficial opportunities for the surgical imaging market growth.
Moreover, growing demand for data-integrated imaging systems, rising medical tourism and increase in the number of emerging markets will further provide beneficial opportunities for the surgical imaging market growth during the forecast period.
Restraints/Challenges Global Surgical Imaging Market
- High cost associated with surgical imaging systems
The high cost associated with surgical imaging systems will further obstruct the growth rate of surgical imaging market.
On the other hand, the dearth of skilled professionals and imaging obese patients will challenge the surgical imaging market. Additionally, impact of COVID-19 on supply chain and limited reimbursement will act as restrain and further impede the growth rate of market during the forecast period of 2022-2029.
This surgical imaging 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 surgical imaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Surgical Imaging Market
The COVID-19 outbreak has had a massive impact on many people's lives and businesses. The surgical imaging has been negatively impacted during COVID-19 pandemic. The global healthcare systems have been severely strained by the pandemic. To prevent the progression of the disease and preserve healthcare resources for COVID-19 patients, healthcare institutions and providers have been asked to halt performing elective surgical operations and medical examinations during this time. The COVID-19 pandemic had a detrimental influence on capital markets and economies around the world, and it may result in a prolonged regional or global economic crisis. Surgical imaging manufacturers may suffer as a result of such economic instability.
- In March 2021, GE Healthcare announced 510(k) clearance of New 3D Surgical Imaging System, which provides more precise and efficient care. This innovative technique combines the advantages and familiarity of 2D imaging with increased efficiency to make 3D more accessible and usable.
Global Surgical Imaging Market Scope
The surgical imaging market is segmented on the basis of technology, application, product, modality and end-user. 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.
- Image Intensifier C-Arms
- Flat Panel Detector C-Arms
Based on technology, the surgical imaging market is segmented into image intensifier c-arms, flat panel detector c-arms.
- Orthopedic and Trauma Surgeries
- Cardiovascular Surgeries
- Gastrointestinal Surgeries
- Other Applications
Based on application, the surgical imaging market is segmented into orthopedic and trauma surgeries, neurosurgeries, cardiovascular surgeries, gastrointestinal surgeries and other applications.
- Mobile C-arms
- Mini C-Arm
- Surgical navigation systems
Based on product, the surgical imaging market is segmented into mobile c-arms, mini c-arm, endoscopy, laparoscopy, angiography, surgical navigation systems and others.
- Computed Tomography
- Nuclear Imaging
Based on modality, the surgical imaging market is segmented into MRI, X-ray, computed tomography, optical, nuclear imaging and ultrasound.
Surgical imaging market is also segmented on the basis of end-user into hospitals, clinics and others.
Surgical Imaging Market Regional Analysis/Insights
The surgical imaging market is analysed and market size insights and trends are provided by country, test type, package type, panel type, sample type, technology, condition, sample collection sites, and distribution channel as referenced above.
The countries covered in the surgical imaging 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 surgical imaging market because of the rising healthcare expenditure and development of advanced technology in this region. Additionally, rise in minimally invasive procedures will flourish the market's growth rate in this region.
Asia-Pacific is expected to grow during the forecast period due to rising prevalence of chronic diseases and well established healthcare infrastructure this 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 surgical imaging 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 surgical imaging market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the surgical imaging market. The data is available for historic period 2010-2020.
Competitive Landscape and Surgical Imaging Market Share Analysis
The Surgical imaging 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 surgical imaging market.
Some of the major players operating in the surgical imaging market are:
- Siemens Healthcare GmbH (Germany)
- CANON MEDICAL SYSTEMS CORPORATION (Japan)
- General Electric (US)
- TOSHIBA CORPORATION (Japan)
- Olympus Corporation (Japan)
- Koninklijke Philips N.V. (Netherlands)
- Hologic, Inc. (US)
- Medtronic (Ireland)
- CONMED Corporation (US)
- NDS Surgical Imaging (Florida)
- Carestream Health (US)
- Ziehm Imaging GmbH (Germany)
- Eurocolumbus s.r.l. (Italy)
- OrthoScan Inc. (US)
- BPL Medical Technologies (India)
- Basler AG (Germany)
- Surgical Imaging Associates LLC (US)
- Barco (Belgium)
- Shimadzu Corporation (Japan)
- Agilent Technologies, Inc.(US)
- Cook (US)
Research Methodology : Global Surgical Imaging Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-surgical-imaging-market
Customization Available : Global Surgical Imaging Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.