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Intraoperative Imaging Market By Type: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 153 Pages
  • June 2022
  • Region: Global
  • Allied Market Research
  • ID: 5670848
The global intraoperative imaging market was valued at $2,039.1 million in 2021, and is projected to reach $3,790.7 million by 2031, registering a CAGR of 6.5% from 2022 to 2031.

Intraoperative imaging in an optical imaging technology that is used by surgeons in different types of surgical procedures such as neurosurgeries, orthopedic surgeries, cardiovascular surgeries, and gastrointestinal surgeries. It is especially used in cancer surgeries for removal of tumor. The system is further applicable in minimally invasive surgical procedures. Intraoperative imaging system allows surgeons to visualize the anatomy of the patient. This system provides in-depth images of surgical areas with its highly specialized cameras and display system. This device finds it application in different type of surgeries Intraoperative ultrasound, intraoperative computed tomography (iCT), intraoperative medical resonance imaging (iMRI), intraoperative X-ray, and mobile C-arm are the types of intraoperative imaging.

The growth of the intraoperative imaging market is majorly driven by increase in the number of surgical procedures as well as rise in prevalence of chronic disorders such as cancer, orthopedic diseases, neurology diseases, trauma cases, and cardiovascular disease. Moreover, rise in efforts of key players to launch intraoperative imaging devices propels the growth of the intraoperative imaging market. Moreover, increase in number of surgeries such as neurosurgery, orthopedic & trauma surgeries, spine surgeries, ear-nose-throat surgeries, and gastroenterology surgeries escalates the need for intraoperative imaging devices, thus driving the market growth. For instance, orthopedic surgeries such as knee and hip replacement surgery uses intraoperative imaging to get in-depth images of surgical sites.

In Canada, knee and hip replacement surgery is the second most common surgery. As per the report published by the Canadian Joint Replacement Registry (CJRR), approximately more than 75,000 knee replacement and 63,000 hip replacement surgeries were performed in the Canada from 2019 to 2020. This report further states 2.4% increase in the hip replacement surgery from 2019 to 2020.

Brain tumor is one of leading disorders, which needs intraoperative imaging device to perform brain tumor surgery. Thus, increase in number of brain tumor disorders leads to rise in use of intraoperative imaging device, which propels the growth of the global market. According to the American Society of Clinical Oncology (ASCO) report, in February 2022, around 25,050 adults in which 14,170 men and 10,880 women were diagnosed with brain and spinal cord tumor in the U.S.

In addition, upsurge in geriatric population fuels the growth of intraoperative imaging market. This is attributed to the fact that aged individuals are highly susceptible to chronic disorders, which further increases the number of surgeries to treat those disorders. This eventually boosts the use of intraoperative imaging devices, thereby fostering the growth of the intraoperative imaging market. Furthermore, upsurge in minimally invasive surgical procedures acts as a key driving force of the market.

The global intraoperative imaging market is segmented into type and region. Depending on type, the market is categorized into intraoperative ultrasound, intraoperative CT, intraoperative MRI, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Some of the major companies that operate in the global intraoperative imaging market are Brainlab AG, Carestream Health, Carl Zeiss Meditec AG, Fujifilm Holding, General Electric Company, Koninklijke Philips N.V., Medtronic, Siemens Healthineers AG, Stryker, and Ziehm Imaging GmbH.

KEY BENEFITS FOR STAKEHOLDERS

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the intraoperative imaging market analysis from 2021 to 2031 to identify the prevailing intraoperative imaging market opportunity.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the intraoperative imaging market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global intraoperative imaging market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Type

  • Intraoperative Ultrasound
  • Intraoperative CT
  • Intraoperative MRI
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Key Market Players

  • General Electric Company
  • Medtronic, Inc.
  • Koninklijke Philips N.V.
  • Siemens Healthineers AG
  • Stryker Corporation
  • Fujifilm Holdings
  • carestream health
  • carl zeiss meditec ag
  • Brainlab AG
  • Ziehm Imaging GmbH
Frequently Asked Questions about the Global Intraoperative Imaging Market

What is the estimated value of the Global Intraoperative Imaging Market?

The Global Intraoperative Imaging Market was estimated to be valued at $2039.1 million in 2021.

What is the growth rate of the Global Intraoperative Imaging Market?

The growth rate of the Global Intraoperative Imaging Market is 6.4%, with an estimated value of $3790.7 million by 2031.

What is the forecasted size of the Global Intraoperative Imaging Market?

The Global Intraoperative Imaging Market is estimated to be worth $3790.7 million by 2031.

Who are the key companies in the Global Intraoperative Imaging Market?

Key companies in the Global Intraoperative Imaging Market include General Electric Company, Medtronic, Inc., Koninklijke Philips N.V., Siemens Healthineers AG, Stryker Corporation, Fujifilm Holdings, Carestream Health, Carl Zeiss Meditec AG, Brainlab AG and Ziehm Imaging Gmbh.

Table of Contents

CHAPTER 1: INTRODUCTION
1.1.Report description
1.2.Key market segments
1.3.Key benefits to the stakeholders
1.4.Research Methodology
1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.3.Porter’s five forces analysis
3.4.Top player positioning
3.5.Market dynamics
3.5.1.Drivers
3.5.2.Restraints
3.5.3.Opportunities
3.6.COVID-19 Impact Analysis on the market
CHAPTER 4: INTRAOPERATIVE IMAGING MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Intraoperative Ultrasound
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Intraoperative CT
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Intraoperative MRI
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Others
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
CHAPTER 5: INTRAOPERATIVE IMAGING MARKET, BY REGION
5.1 Overview
5.1.1 Market size and forecast
5.2 North America
5.2.1 Key trends and opportunities
5.2.2 North America Market size and forecast, by Type
5.2.3 North America Market size and forecast, by country
5.2.3.1 U.S.
5.2.3.1.1 Market size and forecast, by Type
5.2.3.2 Canada
5.2.3.2.1 Market size and forecast, by Type
5.2.3.3 Mexico
5.2.3.3.1 Market size and forecast, by Type
5.3 Europe
5.3.1 Key trends and opportunities
5.3.2 Europe Market size and forecast, by Type
5.3.3 Europe Market size and forecast, by country
5.3.3.1 Germany
5.3.3.1.1 Market size and forecast, by Type
5.3.3.2 France
5.3.3.2.1 Market size and forecast, by Type
5.3.3.3 United Kingdom
5.3.3.3.1 Market size and forecast, by Type
5.3.3.4 Italy
5.3.3.4.1 Market size and forecast, by Type
5.3.3.5 Spain
5.3.3.5.1 Market size and forecast, by Type
5.3.3.6 Rest of Europe
5.3.3.6.1 Market size and forecast, by Type
5.4 Asia-Pacific
5.4.1 Key trends and opportunities
5.4.2 Asia-Pacific Market size and forecast, by Type
5.4.3 Asia-Pacific Market size and forecast, by country
5.4.3.1 China
5.4.3.1.1 Market size and forecast, by Type
5.4.3.2 Japan
5.4.3.2.1 Market size and forecast, by Type
5.4.3.3 India
5.4.3.3.1 Market size and forecast, by Type
5.4.3.4 Australia
5.4.3.4.1 Market size and forecast, by Type
5.4.3.5 South Korea
5.4.3.5.1 Market size and forecast, by Type
5.4.3.6 Rest of Asia-Pacific
5.4.3.6.1 Market size and forecast, by Type
5.5 LAMEA
5.5.1 Key trends and opportunities
5.5.2 LAMEA Market size and forecast, by Type
5.5.3 LAMEA Market size and forecast, by country
5.5.3.1 Brazil
5.5.3.1.1 Market size and forecast, by Type
5.5.3.2 Saudi Arabia
5.5.3.2.1 Market size and forecast, by Type
5.5.3.3 South Africa
5.5.3.3.1 Market size and forecast, by Type
5.5.3.4 Rest of LAMEA
5.5.3.4.1 Market size and forecast, by Type
CHAPTER 6: COMPANY LANDSCAPE
6.1. Introduction
6.2. Top winning strategies
6.3. Product Mapping of Top 10 Player
6.4. Competitive Dashboard
6.5. Competitive Heatmap
6.6. Key developments
CHAPTER 7: COMPANY PROFILES
7.1 General Electric Company
7.1.1 Company overview
7.1.2 Company snapshot
7.1.3 Operating business segments
7.1.4 Product portfolio
7.1.5 Business performance
7.1.6 Key strategic moves and developments
7.2 Medtronic, Inc.
7.2.1 Company overview
7.2.2 Company snapshot
7.2.3 Operating business segments
7.2.4 Product portfolio
7.2.5 Business performance
7.2.6 Key strategic moves and developments
7.3 Koninklijke Philips N.V.
7.3.1 Company overview
7.3.2 Company snapshot
7.3.3 Operating business segments
7.3.4 Product portfolio
7.3.5 Business performance
7.3.6 Key strategic moves and developments
7.4 Siemens Healthineers AG
7.4.1 Company overview
7.4.2 Company snapshot
7.4.3 Operating business segments
7.4.4 Product portfolio
7.4.5 Business performance
7.4.6 Key strategic moves and developments
7.5 Stryker Corporation
7.5.1 Company overview
7.5.2 Company snapshot
7.5.3 Operating business segments
7.5.4 Product portfolio
7.5.5 Business performance
7.5.6 Key strategic moves and developments
7.6 Fujifilm Holdings
7.6.1 Company overview
7.6.2 Company snapshot
7.6.3 Operating business segments
7.6.4 Product portfolio
7.6.5 Business performance
7.6.6 Key strategic moves and developments
7.7 carestream health
7.7.1 Company overview
7.7.2 Company snapshot
7.7.3 Operating business segments
7.7.4 Product portfolio
7.7.5 Business performance
7.7.6 Key strategic moves and developments
7.8 carl zeiss meditec ag
7.8.1 Company overview
7.8.2 Company snapshot
7.8.3 Operating business segments
7.8.4 Product portfolio
7.8.5 Business performance
7.8.6 Key strategic moves and developments
7.9 Brainlab AG
7.9.1 Company overview
7.9.2 Company snapshot
7.9.3 Operating business segments
7.9.4 Product portfolio
7.9.5 Business performance
7.9.6 Key strategic moves and developments
7.10 Ziehm Imaging GmbH
7.10.1 Company overview
7.10.2 Company snapshot
7.10.3 Operating business segments
7.10.4 Product portfolio
7.10.5 Business performance
7.10.6 Key strategic moves and developments
List of Tables
Table 1. Global Intraoperative Imaging Market, by Type, 2021-2031,($Million)
Table 2. Intraoperative Imaging Market Revenue, for Intraoperative Ultrasound, by Region , 2021-2031,($Million)
Table 3. Intraoperative Imaging Market for Intraoperative Ultrasound by Country, 2021-2031,($Million)
Table 4. Intraoperative Imaging Market Revenue, for Intraoperative Ct, by Region , 2021-2031,($Million)
Table 5. Intraoperative Imaging Market for Intraoperative Ct by Country, 2021-2031,($Million)
Table 6. Intraoperative Imaging Market Revenue, for Intraoperative Mri, by Region , 2021-2031,($Million)
Table 7. Intraoperative Imaging Market for Intraoperative Mri by Country, 2021-2031,($Million)
Table 8. Intraoperative Imaging Market Revenue, for Others, by Region , 2021-2031,($Million)
Table 9. Intraoperative Imaging Market for Others by Country, 2021-2031,($Million)
Table 10. Intraoperative Imaging Market, by Region, 2021-2031,($Million)
Table 11. North America Intraoperative Imaging Market, by Type, 2021-2031,($Million)
Table 12. North America Intraoperative Imaging Market, by Country, 2021-2031,($Million)
Table 13. U.S. Intraoperative Imaging Market, by Type, 2021-2031,($Million)
Table 14. Canada Intraoperative Imaging Market, by Type, 2021-2031,($Million)
Table 15. Mexico Intraoperative Imaging Market, by Type, 2021-2031,($Million)
Table 16. Europe Intraoperative Imaging Market, by Type, 2021-2031,($Million)
Table 17. Europe Intraoperative Imaging Market, by Country, 2021-2031,($Million)
Table 18. Germany Intraoperative Imaging Market, by Type, 2021-2031,($Million)
Table 19. France Intraoperative Imaging Market, by Type, 2021-2031,($Million)
Table 20. United Kingdom Intraoperative Imaging Market, by Type, 2021-2031,($Million)
Table 21. Italy Intraoperative Imaging Market, by Type, 2021-2031,($Million)
Table 22. Spain Intraoperative Imaging Market, by Type, 2021-2031,($Million)
Table 23. Rest of Europe Intraoperative Imaging Market, by Type, 2021-2031,($Million)
Table 24. Asia-Pacific Intraoperative Imaging Market, by Type, 2021-2031,($Million)
Table 25. Asia-Pacific Intraoperative Imaging Market, by Country, 2021-2031,($Million)
Table 26. China Intraoperative Imaging Market, by Type, 2021-2031,($Million)
Table 27. Japan Intraoperative Imaging Market, by Type, 2021-2031,($Million)
Table 28. India Intraoperative Imaging Market, by Type, 2021-2031,($Million)
Table 29. Australia Intraoperative Imaging Market, by Type, 2021-2031,($Million)
Table 30. South Korea Intraoperative Imaging Market, by Type, 2021-2031,($Million)
Table 31. Rest of Asia-Pacific Intraoperative Imaging Market, by Type, 2021-2031,($Million)
Table 32. LAMEA Intraoperative Imaging Market, by Type, 2021-2031,($Million)
Table 33. LAMEA Intraoperative Imaging Market, by Country, 2021-2031,($Million)
Table 34. Brazil Intraoperative Imaging Market, by Type, 2021-2031,($Million)
Table 35. Saudi Arabia Intraoperative Imaging Market, by Type, 2021-2031,($Million)
Table 36. South Africa Intraoperative Imaging Market, by Type, 2021-2031,($Million)
Table 37. Rest of LAMEA Intraoperative Imaging Market, by Type, 2021-2031,($Million)
Table 38. General Electric Company: Company Snapshot
Table 39. General Electric Company: Operating Segments
Table 40. General Electric Company: Product Portfolio
Table 41. General Electric Company: Net Sales
Table 42. General Electric Company: Key Stratergies
Table 43. Medtronic, Inc.: Company Snapshot
Table 44. Medtronic, Inc.: Operating Segments
Table 45. Medtronic, Inc.: Product Portfolio
Table 46. Medtronic, Inc.: Net Sales
Table 47. Medtronic, Inc.: Key Stratergies
Table 48. Koninklijke Philips N.V.: Company Snapshot
Table 49. Koninklijke Philips N.V.: Operating Segments
Table 50. Koninklijke Philips N.V.: Product Portfolio
Table 51. Koninklijke Philips N.V.: Net Sales
Table 52. Koninklijke Philips N.V.: Key Stratergies
Table 53. Siemens Healthineers Ag: Company Snapshot
Table 54. Siemens Healthineers Ag: Operating Segments
Table 55. Siemens Healthineers Ag: Product Portfolio
Table 56. Siemens Healthineers Ag: Net Sales
Table 57. Siemens Healthineers Ag: Key Stratergies
Table 58. Stryker Corporation: Company Snapshot
Table 59. Stryker Corporation: Operating Segments
Table 60. Stryker Corporation: Product Portfolio
Table 61. Stryker Corporation: Net Sales
Table 62. Stryker Corporation: Key Stratergies
Table 63. Fujifilm Holdings: Company Snapshot
Table 64. Fujifilm Holdings: Operating Segments
Table 65. Fujifilm Holdings: Product Portfolio
Table 66. Fujifilm Holdings: Net Sales
Table 67. Fujifilm Holdings: Key Stratergies
Table 68. Carestream Health: Company Snapshot
Table 69. Carestream Health: Operating Segments
Table 70. Carestream Health: Product Portfolio
Table 71. Carestream Health: Net Sales
Table 72. Carestream Health: Key Stratergies
Table 73. Carl Zeiss Meditec Ag: Company Snapshot
Table 74. Carl Zeiss Meditec Ag: Operating Segments
Table 75. Carl Zeiss Meditec Ag: Product Portfolio
Table 76. Carl Zeiss Meditec Ag: Net Sales
Table 77. Carl Zeiss Meditec Ag: Key Stratergies
Table 78. Brainlab Ag: Company Snapshot
Table 79. Brainlab Ag: Operating Segments
Table 80. Brainlab Ag: Product Portfolio
Table 81. Brainlab Ag: Net Sales
Table 82. Brainlab Ag: Key Stratergies
Table 83. Ziehm Imaging GmbH: Company Snapshot
Table 84. Ziehm Imaging GmbH: Operating Segments
Table 85. Ziehm Imaging GmbH: Product Portfolio
Table 86. Ziehm Imaging GmbH: Net Sales
Table 87. Ziehm Imaging GmbH: Key Stratergies
List of Figures
Figure 1. Intraoperative Imaging Market Segmentation
Figure 2. Intraoperative Imaging Market,2021-2031
Figure 3. Intraoperative Imaging Market,2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Intraoperative Imaging Market:Drivers, Restraints and Opportunities
Figure 12. Intraoperative Imaging Market,By Type,2021(%)
Figure 13. Comparative Share Analysis of Intraoperative Ultrasound Intraoperative Imaging Market,2021-2031(%)
Figure 14. Comparative Share Analysis of Intraoperative CT Intraoperative Imaging Market,2021-2031(%)
Figure 15. Comparative Share Analysis of Intraoperative MRI Intraoperative Imaging Market,2021-2031(%)
Figure 16. Comparative Share Analysis of Others Intraoperative Imaging Market,2021-2031(%)
Figure 17. Intraoperative Imaging Market by Region,2021
Figure 18. U.S. Intraoperative Imaging Market,2021-2031($Million)
Figure 19. Canada Intraoperative Imaging Market,2021-2031($Million)
Figure 20. Mexico Intraoperative Imaging Market,2021-2031($Million)
Figure 21. Germany Intraoperative Imaging Market,2021-2031($Million)
Figure 22. France Intraoperative Imaging Market,2021-2031($Million)
Figure 23. United Kingdom Intraoperative Imaging Market,2021-2031($Million)
Figure 24. Italy Intraoperative Imaging Market,2021-2031($Million)
Figure 25. Spain Intraoperative Imaging Market,2021-2031($Million)
Figure 26. Rest of Europe Intraoperative Imaging Market,2021-2031($Million)
Figure 27. China Intraoperative Imaging Market,2021-2031($Million)
Figure 28. Japan Intraoperative Imaging Market,2021-2031($Million)
Figure 29. India Intraoperative Imaging Market,2021-2031($Million)
Figure 30. Australia Intraoperative Imaging Market,2021-2031($Million)
Figure 31. South Korea Intraoperative Imaging Market,2021-2031($Million)
Figure 32. Rest of Asia-Pacific Intraoperative Imaging Market,2021-2031($Million)
Figure 33. Brazil Intraoperative Imaging Market,2021-2031($Million)
Figure 34. Saudi Arabia Intraoperative Imaging Market,2021-2031($Million)
Figure 35. South Africa Intraoperative Imaging Market,2021-2031($Million)
Figure 36. Rest of LAMEA Intraoperative Imaging Market,2021-2031($Million)
Figure 37. Top Winning Strategies, by Year
Figure 38. Top Winning Strategies, by Development
Figure 39. Top Winning Strategies, by Company
Figure 40. Product Mapping of Top 10 Players
Figure 41. Competitive Dashboard
Figure 42. Competitive Heatmap of Top 10 Key Players
Figure 43. General Electric Company.: Net Sales ,($Million)
Figure 44. Medtronic, Inc..: Net Sales ,($Million)
Figure 45. Koninklijke Philips N.V..: Net Sales ,($Million)
Figure 46. Siemens Healthineers AG.: Net Sales ,($Million)
Figure 47. Stryker Corporation.: Net Sales ,($Million)
Figure 48. Fujifilm Holdings.: Net Sales ,($Million)
Figure 49. Carestream Health.: Net Sales ,($Million)
Figure 50. Carl Zeiss Meditec AG.: Net Sales ,($Million)
Figure 51. Brainlab AG.: Net Sales ,($Million)
Figure 52. Ziehm Imaging GmbH.: Net Sales ,($Million)

Executive Summary

According to the report, titled, “Intraoperative Imaging Market," the intraoperative imaging market size was valued at $2.0 billion in 2021, and is estimated to reach $3.8 billion by 2031, growing at a CAGR of 6.5% from 2022 to 2031.

Intraoperative phase is defined as the phase of surgery, which is considered from the admission of patient into operation theatre to completion of surgical procedure. This technology is gaining high traction in the market as a critical tool for precise and effective surgeries. It helps to improve surgical outcome and enhances the workflow and efficiencies for healthcare personnel.

An intraoperative imaging system creates images of particular surgical site and these images guide the surgeon to perform the surgery. It further enables the surgeons to get the image of implants they place into the patient’s body, which guides the surgeon to place it correctly.

Factors that drive growth of the global intraoperative imaging market share are increase in prevalence of chronic diseases such as cancer, orthopedic diseases, neurology diseases, and heart disease; increase in the number of surgical procedures such as neurosurgery, orthopedic & trauma care, spine surgery, cardiovascular surgeries, and gastroenterology; and rise in efforts of intraoperative imaging industry to launch advanced intraoperative imaging devices. Moreover, surge in number of minimally invasive surgeries, which is highly dependent on the imaging system fuels the intraoperative imaging market growth. In addition, rise in geriatric population is anticipated to propel the intraoperative imaging market trends. This is attributed to the fact that aged individuals are highly vulnerable to chronic diseases, which leads to increase in number of surgical procedures. For instance, according to the World Health Organization (WHO), in October 2021, 1 in 6 individuals in the world will be aged 60 years or over, by 2030.

Moreover, according to the Journal of JAMA Network Open, in 2021, about 32% of surgical procedure in the U.S. were reported to have conducted in patients aged more than 65 years. Thus, increase in number of surgical procedure further surges the need for intraoperative devices. The global intraoperative imaging market is segmented into type and region.

On the basis of type, the market is fragmented into intraoperative ultrasound, intraoperative CT, intraoperative MRI, and others. The others segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to increase in the use of intraoperative X-ray and mobile C-arm in surgical procedures.

North America accounted for a majority of the share in 2021, and is anticipated to remain dominant during the forecast period. This is attributed to advancements in technology in the medical device sector and rise in number of product approvals in the region. However, Asia-Pacific is expected to register highest CAGR of 7.4% from 2022 to 2031, owing to increase in number of surgical procedures, rise in geriatric population, and surge in prevalence of chronic diseases.

The COVID-19 outbreak is anticipated to have a negative impact on growth of the global intraoperative imaging market. During the COVID-19 pandemic period, stringent regulations were implemented by local and national governments on the delivery of products from companies. This, in turn, led to disruption in the supply chain, thus increasing the demand-supply gap. In addition, many challenges were faced by key players in manufacturing intraoperative imaging devices, thereby hampering the growth of the market. Moreover, cancellations of non-emergency surgeries during the pandemic affect the growth of intraoperative device market. According to the report published by the British Journal of Surgery, it was reported that approximately 28.4 million elected surgeries estimated to be canceled in 2020 across the globe. According to the report shared by the National Library Medicine in July 2020, after excluding emergency surgical procedures, it was estimated that about 30,000 primary and 3,000 revision knee and hip replacement arthroplasty procedures were canceled each week in the U.S. Thus, the pandemic adversely affected organ donation and organ transplantation surgeries, which, in turn, decreased the number of these surgeries. This eventually negatively impacted the intraoperative imaging market.

On the contrary, the number of surgical procedures is expected to grow gradually post the pandemic. According to the Journal of Cureus, in 2022, it was analyzed that the number of cervical spinal fusion procedures increased by 44.9% from 2020 to 2021. Thus, increase in number of surgical procedure after pandemic fostered the use of intraoperative imaging systems

Key Findings of the Study

  • By type, the others segment was the highest contributor to the market in 2020.
  • Region wise, North America garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.

Companies Mentioned

  • General Electric Company
  • Medtronic, Inc.
  • Koninklijke Philips N.V.
  • Siemens Healthineers AG
  • Stryker Corporation
  • Fujifilm Holdings
  • Carestream Health
  • Carl Zeiss Meditec AG
  • Brainlab AG
  • Ziehm Imaging Gmbh

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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