Fluoroscopy Equipment Market Size, Share & Trends Analysis Report, By Type (Fixed and Mobile) By Application (Cardiology, Orthopedic, Gastroenterology, Urology and Nephrology, and Others) and Forecast, 2019 - 2025.
The global fluoroscopy equipment market is estimated to grow at a modest CAGR of around 4% during the forecast period. The major factors contributing to the market growth include the rising incidence and prevalence rate of chronic diseases and the increasing adoption of fluoroscopy equipment in pain management. As per the World Health Organization (WHO), the most prominent chronic diseases include CVD, cancer, chronic obstructive pulmonary disease (COPD) and type 2 diabetes. As per the American College of Cardiology (ACC), in 2016, CVD accounted for 840,768 mortality in the US. Moreover, as per the European Heart Network (EHN), each year CVD causes 3.9 million mortalities in Europe and more than 1.8 million mortalities in the EU. In 2015, there were 11.3 new incidences of CVD reported in Europe and 6.1 million new CVD incidences in the EU. This, in turn, is contributing to the demand for medical imaging systems and thereby driving the fluoroscopy equipment market growth.
Fluoroscopic imaging technology has been contributing significantly in the areas of acute myocardial infarction, sudden cardiac arrest, and heart failure. It supports both in diagnostic and therapeutic purpose. For diagnostic imaging, it enables identification of the condition and risk stratification. For therapeutic, it is used as an image - guiding tool for surgeons to treat atherosclerotic CVD, structural heart disease, peripheral vascular disease/carotid artery stenosis and sudden cardiac arrest/CHF/ablation.
North America witnessed a potential growth in 2018, owing to the presence of some crucial players, such as General Electric Co. and Hologic, Inc. in the region. These companies offer a wide range of radiology instruments that can contribute to increasing patient safety and accuracy of the procedure. As a result, these companies are well - positioned in the area of the fluoroscopy equipment market. However, Asia - Pacific is estimated to witness considerable growth during the forecast period owing to the significant prevalence of CVD and orthopedic disorders coupled with the increasing number of multi - specialty hospitals in the region.
The major players in the market include General Electric Co., Hologic, Inc., Koninklijke Philips N.V., Siemens Healthcare GmbH, and Canon Medical Systems Corp. Mergers and acquisitions, partnerships and collaborations and geographical expansion are considered as crucial strategies adopted by the market players to expand market share and gain competitive advantage. For instance, in August 2018, Siemens Healthcare GmbH launched state - of - the - art diagnostics manufacturing facility in Gujarat, India. The facility serves as Centre of Excellence for training in point - of - care testing, laboratory diagnostics, and diagnostic imaging, across South Asia region. The future - ready site has a fully - functional product lifecycle management (PLM) Lab established for product development and validation. With the growing prevalence of chronic diseases in India, the launch of this new facility will enable the firm to work towards R&D for diagnostics products that can improve patient care.
Research Methodology
The market study of the global fluoroscopy equipment market is incorporated by extensive primary and secondary research. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country - level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro - economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.
Secondary Sources Include
The report is intended for medical imaging products manufacturers, suppliers and distributors, and government agencies for overall market analysis and competitive analysis. The report provides in - depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360 - degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers
The global fluoroscopy equipment market is estimated to grow at a modest CAGR of around 4% during the forecast period. The major factors contributing to the market growth include the rising incidence and prevalence rate of chronic diseases and the increasing adoption of fluoroscopy equipment in pain management. As per the World Health Organization (WHO), the most prominent chronic diseases include CVD, cancer, chronic obstructive pulmonary disease (COPD) and type 2 diabetes. As per the American College of Cardiology (ACC), in 2016, CVD accounted for 840,768 mortality in the US. Moreover, as per the European Heart Network (EHN), each year CVD causes 3.9 million mortalities in Europe and more than 1.8 million mortalities in the EU. In 2015, there were 11.3 new incidences of CVD reported in Europe and 6.1 million new CVD incidences in the EU. This, in turn, is contributing to the demand for medical imaging systems and thereby driving the fluoroscopy equipment market growth.
Fluoroscopic imaging technology has been contributing significantly in the areas of acute myocardial infarction, sudden cardiac arrest, and heart failure. It supports both in diagnostic and therapeutic purpose. For diagnostic imaging, it enables identification of the condition and risk stratification. For therapeutic, it is used as an image - guiding tool for surgeons to treat atherosclerotic CVD, structural heart disease, peripheral vascular disease/carotid artery stenosis and sudden cardiac arrest/CHF/ablation.
North America witnessed a potential growth in 2018, owing to the presence of some crucial players, such as General Electric Co. and Hologic, Inc. in the region. These companies offer a wide range of radiology instruments that can contribute to increasing patient safety and accuracy of the procedure. As a result, these companies are well - positioned in the area of the fluoroscopy equipment market. However, Asia - Pacific is estimated to witness considerable growth during the forecast period owing to the significant prevalence of CVD and orthopedic disorders coupled with the increasing number of multi - specialty hospitals in the region.
The major players in the market include General Electric Co., Hologic, Inc., Koninklijke Philips N.V., Siemens Healthcare GmbH, and Canon Medical Systems Corp. Mergers and acquisitions, partnerships and collaborations and geographical expansion are considered as crucial strategies adopted by the market players to expand market share and gain competitive advantage. For instance, in August 2018, Siemens Healthcare GmbH launched state - of - the - art diagnostics manufacturing facility in Gujarat, India. The facility serves as Centre of Excellence for training in point - of - care testing, laboratory diagnostics, and diagnostic imaging, across South Asia region. The future - ready site has a fully - functional product lifecycle management (PLM) Lab established for product development and validation. With the growing prevalence of chronic diseases in India, the launch of this new facility will enable the firm to work towards R&D for diagnostics products that can improve patient care.
Research Methodology
The market study of the global fluoroscopy equipment market is incorporated by extensive primary and secondary research. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country - level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro - economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.
Secondary Sources Include
- Financial reports of companies involved in the market.
- Authentic public databases
- Whitepapers, research - papers, and news blogs.
- Company websites and their product catalog.
The report is intended for medical imaging products manufacturers, suppliers and distributors, and government agencies for overall market analysis and competitive analysis. The report provides in - depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360 - degree analysis of the market thoroughly integrating different models.
Market Segmentation
- Global Fluoroscopy Equipment Market Research and Analysis by Type
- Global Fluoroscopy Equipment Market Research and Analysis by Application
The Report Covers
- Comprehensive research methodologies of the global fluoroscopy equipment market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global fluoroscopy equipment market.
- Insights about market determinants which are stimulating the global fluoroscopy equipment market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Table of Contents
1. Report Summary
2. Market Overview and Insights
3. Competitive Landscape
4. Market Determinants
5. Market Segmentation
6. Regional Analysis
7. Company Profiles
Companies Mentioned
A selection of companies mentioned in this report includes:
- ADANI Systems, Inc.
- Agfa-Gevaert Group
- Allengers Medical Systems, Ltd.
- Canon Medical Systems Corp.
- Carestream Health, Inc. (a subsidiary of Onex Corp.)
- CMS Imaging, Inc.
- Fluke Corp.
- General Electric Co.
- Hitachi, Ltd.
- Hologic, Inc.
- Koninklijke Philips N.V.
- NRT X-RAY A/S
- OrthoScan, Inc. (a subsidiary of ATON US, Inc.)
- Recorders & Medicare Systems Pvt. Ltd. (RMS)
- Shimadzu Corp.
- Siemens AG
- Trivitron Healthcare
- Varian Medical Systems, Inc.
- Ziehm Imaging GmbH
