Globally, Surgical Imaging Market is expected to reach US$ 3.4 Billion by 2027 compared to US$ 2.5 Billion in 2022. Surgical imaging is an optical imaging method used in image-guided surgical procedures. It enables clinicians to perform complex surgical procedures precisely. In addition, patients with specific medical issues are diagnosed, planned for, navigated during surgery, and evaluated afterward using surgical imaging.Surgical Imaging Market is expected to reach US$ 3.4 Billion by 2027. Industry Trends By Product, Application, End User, Impact of Inflation, Company Analysis, Global Forecast 2023-2027
The surgical Imaging Market is expected to grow with a CAGR of 6.34% during the forecast period (2022-2027):
There has been a high prevalence of various chronic conditions that requires critical care diagnosis over the past decade. As a result, imaging and laboratory tests are commonly performed on surgical critical care unit patients. Cancer, renal failure, and heart conditions are just a few of the severe chronic disorders. Hence, an increase in the prevalence of chronic diseases will boost the surgical imaging market during the forecast period.Furthermore, an increase in the frequency of minimally invasive surgical operations, the rising popularity of flat panel detectors (FPD), and the availability of advanced methods will increase the demand for surgical imaging in the upcoming years. Additionally, governments in emerging economies, including Brazil and Mexico, emphasize offering high-tech, affordable surgical imaging options.
Mobile C-Arm dominates the Surgical Imaging Market:
Mobile C-Arms are a form of angiography x-ray device that can be used for a number of minimally invasive procedures and diagnostic imaging. Mobile C-arms can move around the patient to obtain the ideal angle for a high-quality image while maintaining the patient's comfort, which is one of their main advantages.The C-arms have unique qualities that make them simple, versatile, and effective. Ortho/Trauma, Neuro, Spine, Gastro, Urology, Vascular, and interventional operating rooms benefit substantially from functional designs that improve ease of use and simplify the overall clinical process, due to which Mobile C-Arm is dominating the surgical imaging market by type.
Application: Orthopedic and Trauma holds the Largest Share:
The use of surgical imaging in orthopedic surgery is substantially influenced by the rising popularity of minimally invasive procedures and the growing number of orthopedic surgeries. Moreover, growing ageing demographics and the rise in obesity rates are contributing to the growth of surgical imaging in the orthopedic and trauma segment. The surge in accidental cases and sports injuries will further contribute to the surgical imaging market. Additionally, the Cardiovascular segment will also grow during the forecast period owing to the technological advancement in surgical imaging.End User: Hospitals hold the Largest Share:
The significant share of this market can be attributed to the growing need for efficient patient care, the rise in the number of surgical procedures performed in hospitals, and the rising number of hospitals opening in emerging nations. Furthermore, Diagnostic Imaging Centres will also grow during the forecast period.America dominates the Surgical Imaging Market:
The increased incidence of genetic disorders and chronic diseases and the presence of advanced healthcare infrastructure and reimbursement options are the main factors propelling market expansion in the American area. Moreover, the surgical imaging market in America will continue to grow owing to the advancement in technology and the rise in sports injuries. Furthermore, due to increasing awareness and a rapidly evolving healthcare infrastructure, the Asia Pacific region is also expected to expand during the forecast period.Key Players Analysis:
GE Healthcare, Siemens AG, Medtronic Plc., Koninklijke Philips, Hitachi Ltd., Hologic Inc., Fujifilm Medical Systems, and Geonoray Co. Ltd. are the leading players in the surgical imaging market. These firms are using a variety of marketing strategies, including R&D work, increased collaborations, awareness campaigns, technological breakthroughs, geographic growth, and the launch of new products, to increase their market share.Covid-19 impact on Surgical Imaging Market:
On an unparalleled scale, the COVID-19 pandemic has disrupted a significant number of lives and enterprises. The surgical imaging market also suffered because of the pandemic. The pandemic has significantly strained the world's healthcare systems. In order to reduce the disease's spread, medical facilities and providers were told to halt performing elective surgical procedures and physical examinations of the patient, due to which the surgical imaging market declined during the pandemic.The publisher's latest report “Surgical Imaging Market Global Forecast by Type (Mobile C-Arm, Mini C-Arm and Others), by Application (Neurosurgeries, Cardiovascular, Orthopedic and Trauma, Gynecological, Opthalmological, Thoracic, Urologic and others), by End Users (Hospitals, Diagnostic Imaging Centres, Ambulatory Imaging Centres and Others), by Region (America, Europe, Asia Pacific, Middle East and Africa) , Key Players Analysis (GE Healthcare, Siemens AG, Medtronic Plc., Koninklijke Philips, Hitachi Ltd., Hologic Inc., Fujifilm Medical Systems and Geonoray Co. Ltd.)” provides a detailed analysis of Surgical Imaging Market.
Type
1. Mobile C-Arm2. Mini C-Arm
3. Others
Application
1. Neurosurgeries2. Cardiovascular
3. Orthopedic and Trauma
4. Gynecological
5. Opthalmological
6. Thoracic
7. Urologic
8. Others
End User
1. Hospitals2. Diagnostic Imaging Centres
3. Ambulatory Imaging Centres
4. Others
Region
1. America2. Europe
3. Asia Pacific
4. Middle East and Africa
Key Players
1. GE Healthcare2. Siemens AG
3. Medtronic Plc.
4. Koninklijke Philips
5. Hitachi Ltd.
6. Hologic Inc.
7. Fujifilm Medical Systems
8. Geonoray Co. Ltd.
Table of Contents
Companies Mentioned
- GE Healthcare
- Siemens AG
- Medtronic Plc.
- Koninklijke Philips
- Hitachi Ltd.
- Hologic Inc.
- Fujifilm Medical Systems
- Geonoray Co. Ltd.
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
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- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
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- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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