Surgical Imaging Market Report

Surgical Imaging Market Report, By Technology (Image Intensifier C-Arms, Flat Panel Detector C-Arms), Application (Orthopedic & Trauma Surgeries, Neurosurgeries, Cardiovascular Surgeries), End-User and Geography – Global Market Share, Trend Analysis & Forecast , 2019 - 2028

Report Code : 11338 | Publish Date : September 2022 | Industry : Healthcare | Geography : Global


MARKET OVERVIEW-  GLOBAL SURGICAL IMAGING MARKET

Surgical imaging is an optical imaging technique that is used in image-guided surgical processes. It allows the clinicians to achieve intricate surgical procedures accurately. The rising demand for minimally invasive procedures acts as a major factor influencing the growth of the surgical imaging market. Also, the increasing urbanization and rising level of disposable income are the driving factors boosting the growth of the surgical imaging market. Furthermore, increasing expenditure on healthcare infrastructure and the continuously changing lifestyle of people are the major markets fuel the growth of the surgical imaging market.

MARKET DRIVER

Surgical imaging technology is used for image-guided surgical procedures. It offers ease in performing the complex surgical process. CT-scanners, C-arms and other devices are being used to view the area of surgery. Better accessibility of real-time data is becoming necessary, as it leads to surgery, where access to real-time 2D and 3D images that are reconstructed can be crucial during ongoing surgery. The rising prevalence of chronic diseases such as diabetes, high blood pressure, cancer, high cholesterol and osteoporosis will boost the growth rate of the surgical imaging market. Further, an increase in the geriatric population, and increased knowledge of radiography procedures, are fueling the surgical imaging market. However, the use of minimally invasive surgical techniques as becoming more common, demand for these systems will further increase in the market.

MARKET OPPORTUNITY

The rising expansion of the patient population base and the number of hospitals and surgical centers is increasing in emerging countries, which is creating a better opportunity for the surgical imaging market. Also, governments of these countries are taking initiatives to expand and modernize their respective healthcare infrastructures.

MARKET RESTRAINT

The high purchase cost associated with surgical imaging systems will further restrain the growth rate of the surgical imaging market.  Due to the requirement of significant capital expenditure, many small and medium-sized institutions find it hard to purchase this equipment.

MARKET GROWTH CHALLENGES

The skilled professionals and imaging obese patients will challenge the surgical imaging market. Additionally, due to COVID-19 on supply and limited reimbursement will further act as growth challenges. 

CUMULATIVE GROWTH ANALYSIS

The report provides in-depth analysis of the global surgical imaging market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. An increasing demand for various surgical imaging in various applications has led the increasing demand for market and is expected to witness growth at a specific CAGR from 2022-2028.

SURGICAL IMAGING MARKET SEGMENTAL OVERVIEW

The Surgical Imaging market comprises of different market segment like source, application, distribution channel and geography. 

SURGICAL IMAGING MARKET BY TECHNOLOGY

By technology, the surgical imaging includes key segment of 
  • Image Intensifier C-Arms
  • Flat Panel Detector C-Arms
Image intensifier C-Arm is anticipated to lead the market, gaining the majority of the market share in 2021, and is expected to maintain its dominance over the estimated time period. A C-arm machine is an imaging scanner intensifier. C-arms have radiographic capabilities and are used primarily for intraoperative imaging during surgical, orthopedic and emergency care procedures. The C-arm is often also known as a portable X-ray and is used for fluoroscopy. This device is based on fluoroscopy technology, helping it create high-resolution, X-ray images. The C-arm usually applies an X-ray generator, an imaging system, and a workstation division. The image intensifier C-arm helps in surgical navigation during surgery and confirms the placement of implant appliances in the body. The portable C arms provide greater flexibility and maneuverability in surgical procedures.

SURGICAL IMAGING MARKET BY APPLICATION

By application, the surgical imaging includes key segment of 
  • Orthopedic & Trauma Surgeries
  • Neurosurgeries
  • Cardiovascular Surgeries
Orthopedic & Trauma Surgeries application segment are expected to dominate the market over the forecast period. The orthopedic and trauma surgeries account for the largest share in the surgical imaging market. The orthopedic and trauma surgeries are growing because of the increasing popularity of minimally invasive procedures in orthopedic and trauma surgeries and the advantage of 3D navigation in these surgeries through the use of C-arms. Due to the surging development of modern visualization methods and technology platforms, along with rising demand for 3D imaging invasive in the diagnosis and monitoring of chronic diseases, thus help to grow surgical imaging market is growing.

SURGICAL IMAGING MARKET BY END-USER

By end-user, the surgical imaging includes key segment of 
  • Hospital
  • Surgery Center
The hospital segment is expected to dominate the market over the forecast period. The rising demand for effective disease management and growing surgical procedural volumes in hospitals. Also, the increasing number of hospitals being set up in developing countries. Hospitals complement and amplify the effectiveness for many other parts of the health system. Providing continuous availability of services for acute and complex conditions. 

SURGICAL IMAGING MARKET BY GEOGRAPHY

By geography, the surgical imaging includes key segment of 
  • North America
  • Asia-Pacific
  • Europe
  • RoW
Asia-Pacific is anticipated to witness an increasing demand for surgical imaging owing to the presence of well-established market players. Increasing prevalence of geriatric population, rising number of surgeries and technological advancement in this region boost the market growth in the region. Also, rising product launches by various leading players in the market drive the market growth in the Asia-Pacific. Furthermore, improvement in the healthcare sector and implementation of advanced medical products demand is increasing which is why there is demand for the surgical imaging market.

COVID-19 IMPACT ANALYSIS ON GLOBAL SURGICAL IMAGING MARKET

The outbreak of COVID in the surgical imaging market caused distribution since it spread across the globe and it has had a mixed impact on the wound care market. COVID-19 impacted various sectors and industries. At the initial stages of the pandemic, the world experienced ‘supply shocks’. China is the producer and supplier of most of the raw materials or inputs in many industries. The pandemic has negatively impacted on the surgical imaging market. The pandemic has put significant strain on the healthcare systems of the world. During a pandemic situation, healthcare institutions and providers have been instructed to stop performing elective surgical procedures and medical examination to slow the spread of the disease and conserve healthcare resources for COVID-19 patients. 

COMPETITIVE LANDSCAPE ANALYSIS

The competitive landscape analysis of the surgical imaging market is certainly based range of market players operating in the market with an increasing number of surgeries and technological advancement in the market boost the surgical imaging market. Besides, a number of market players offered a wide range of products for different applications in various geographic locations. The market has major competitive analysis based on new product launches as well as other developments. 
The key players studied in market are 
  • GE Healthcare
  • Siemens AG
  • Koninklijke Philips & Ziehm Imaging
  • Canon Medical System corporation
  • Hologic Inc
  • Medtronic
  • PLC and Shimadzu Corporation
  • Toshiba Corporation
  • Olympus Corporation
  • CONMED Corporation
  • NDS surgical Imaging
  • OrthoScan Inc
  • BPL medical Technologies
  • Basler AG
  • Surgical Imaging Associates LLC
  • Barco
  • Agilent Technologies, Inc. 
  • Cook 


Recent Development

January 2022: Siemens Healthineers has presented its latest innovations in Medical imaging, virtually as well as live at Arab Health 2022 that enable healthcare professionals to enhance care and leverage AI to revolutionize clinical decision making.
March 2021: Fujifilm Healthcare has acquired Hitachi Diagnostic Imaging for 179 billion yen, to offer a comprehensive solution that caters to a broad range of clinical needs.
August 2020: Philips acquired Intact Vascular, a company with a large imaging portfolio, for more than USD 275 million.

SURGICAL IMAGING MARKET SUMMARY

By technology of surgical imaging studied in the global surgical imaging market are, Image Intensifier C-arms, Flat Panel Detector C-arms.  The image intensifier C-arms accounted largest share in the surgical imaging market. Further, the application of surgical imaging studied in the global surgical imaging market are, Orthopedic and Trauma surgeries, neurosurgeries, Cardiovascular surgeries. The orthopedic and trauma surgeries account the largest share in the surgical imaging market.  By end-user the surgical imaging market segmented into hospital and surgery center. The hospital segment account largest share in the surgical imaging market. The global surgical imaging market is studied for key regions such as North America, Europe, Asia Pacific and the Rest of the World.

SCOPE OF THE REPORT:

Market Sizing for Year:
2019-2028
Base Year:
2021
Forecast Period:
2022-2028
Value:
USD million
Market Segment studied:

Technology

Application

End-User

Geography
Market Players and its Competitors:

GE Healthcare

Siemens AG

Koninklijke Philips & Ziehm Imaging

Canon Medical System corporation

Hologic Inc

Medtronic

PLC and Shimadzu Corporation

Toshiba Corporation

Olympus Corporation

CONMED Corporation

NDS surgical Imaging

OrthoScan Inc

BPL medical Technologies

Basler AG

Surgical Imaging Associates LLC

Barco

Agilent Technologies, Inc

Cook 

FREQUENTLY ASKED QUESTIONS

What are challenges faced by the surgical imaging market?

High purchase cost associated with surgical imaging systems will further the major challenge faced by market players.

Which is the leading application segment for surgical imaging market?

Orthopedic and Trauma surgeries has accounted the major market share, and is expected to witness the growth at highest pace during the forecast period.

Which region is gaining majority of market share during the forecast period (2021-2028)?

Asia-Pacific is expected to gain major market share during the forecast period (2021-2028).