The global surgical imaging market is projected to reach USD 2.4 billion by 2025 from an estimated USD 1.8 billion in 2020, at a CAGR of 6.3% during the forecast period.
The major factors driving the growth of this market include the advantages of FPDs over image intensifiers, technological advancements, reimbursement cuts for analog radiography systems, and the increasing demand for minimally invasive procedures. However, the high cost of systems is estimated to restrain the growth of this market during the forecast period.
The image intensifier technology segment is expected to account for the largest share during the forecast period
Based on technology, the surgical imaging market has been segmented into image intensifier C-arms and FPD C-arms. The image intensifier C-arms segment commanded the largest share of 75.1% of the market in 2019. However, the FPD C-arms segment is projected to register the highest CAGR of 7.7% during the forecast period. The large market share of this segment can be attributed to the large installed base, low price and low maintenance costs of this systems.
The orthopedic & trauma surgeries application is expected to grow at the highest rate during the forecast period
Based on application, the market has been segmented into orthopedic & trauma surgeries, neurosurgeries, cardiovascular surgeries, gastrointestinal surgeries, and other applications (urological, endobronchial & thoracic, and maxillofacial surgeries). The orthopedic & trauma surgeries segment is the largest and the fastest-growing application segment in this market. This can be attributed to 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.
The Hospital end user segment to account for the largest share during the forecast period
Based on end users, the market is divided into hospitals and surgery centers. Hospitals are expected to account for the largest share of the surgical imaging market in 2020, while surgery centers are expected to account for the highest growth rate. The large share of this segment can be attributed to the rising demand for effective disease management, growing surgical procedural volumes in hospitals, and the increasing number of hospitals being set up in developing countries.
North America regional segment to account for the largest market share of the surgical imaging market
Geographically, the surgical imaging market is segmented into North America, Europe, Asia-Pacific (APAC), and the Rest of the World. North America is the largest regional market for surgical imaging systems, followed by Europe. The large share of the North American market can be attributed to the significant growth in hospital expenditure, the increasing incidence of overuse sports injuries, rising prevalence of CVD, and the increasing number of hip and knee replacement surgeries in the region.
Research Coverage
This report studies the surgical imaging market based on technology, application, end users, and region. The report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting market growth. It analyzes the opportunities and challenges in the market and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micro markets with respect to their individual growth trends and forecasts the revenue of the market segments with respect to four main regions and respective countries.
Some of the major market players in the surgical imaging market are GE Healthcare (UK), Siemens AG (Germany), Koninklijke Philips (Netherlands), and Ziehm Imaging (Germany)
Breakdown of supply-side primary interviews:
- By Company Type: Tier 1 - 40%, Tier 2 - 30%, and Tier 3 - 30%
- By Designation: C-level - 27%, Director-level - 18%, and Others - 55%
- By Region: North America - 40%, Europe - 20%, APAC - 30%, Latin America - 8%, and Middle East - 2%
Key Benefits of Buying the Report
This report focuses on various levels of analysis - industry trends, market share of top players, and company profiles, which together form basic views and analyze the competitive landscape, emerging segments of the surgical imaging market, and high-growth regions and their drivers, restraints, challenges, and opportunities. The report will help both established firms as well as new entrants/smaller firms to gauge the pulse of the market and garner greater market shares.
Table of Contents
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Inclusions and Exclusions
1.3.1 Markets Covered
Figure 1 Surgical Imaging Market Segmentation
1.3.2 Years Considered for the Report
1.4 Currency
1.5 Limitations
1.6 Stakeholders
1.7 Summary of Changes
2 Research Methodology
2.1 Research Data
2.2 Research Methodology Steps
Figure 2 Research Methodology: Surgical Imaging Market
Figure 3 Research Design
2.2.1 Secondary Data
2.2.1.1 Key Data from Secondary Sources
2.2.2 Primary Data
Figure 4 Breakdown of Primary Interviews: by Company Type, Designation, and Region
Figure 5 Primary Sources
2.2.2.1 Key Data from Primary Sources
2.3 Market Size Estimation Methodology
Figure 6 Research Methodology: Hypothesis Building
Figure 7 Market Size Estimation: Revenue Share Analysis
2.4 Market Data Estimation and Triangulation
Figure 8 Data Triangulation Methodology
2.5 Assumptions for the Study
2.6 COVID-19-Specific Assumptions
3 Executive Summary
Figure 9 Surgical Imaging Market, by Technology, 2020 Vs. 2025 (USD Million)
Figure 10 Surgical Imaging Market, by Application, 2020 Vs. 2025 (USD Million)
Figure 11 Surgical Imaging Market, by End-user, 2020 Vs. 2025 (USD Million)
Figure 12 Geographical Snapshot of the Surgical Imaging Market
4 Premium Insights
4.1 Global Surgical Imaging Market Overview
Figure 13 Advantages of Flat-Panel Detectors Over Image Intensifiers to Drive Market Growth
4.2 North America: Surgical Imaging Market, 2019
Figure 14 Image Intensifier C-arms Accounted for the Largest Share of the North American Market in 2019
4.3 Surgical Imaging Market, by Technology
Figure 15 Image Intensifier C-arms to Account for the Largest Market Share in 2020 and 2025
4.4 Surgical Imaging Market: Geographic Growth Opportunities
Figure 16 Asia-Pacific Market to Witness the Highest Growth During the Forecast Period
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 17 Surgical Imaging Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Advantages of FPDs Over Image Intensifiers
5.2.1.2 Reimbursement Cuts for Analog Radiography Systems
5.2.1.3 Technological Advancements
Table 1 Technological Advancements in Surgical Imaging
5.2.1.4 Increasing Demand for Minimally Invasive Procedures
5.2.2 Restraints
5.2.2.1 High Cost of Surgical Imaging Systems
5.2.3 Opportunities
5.2.3.1 Increasing Number of Surgical Procedures Conducted in ASCs
5.2.3.2 Growing Demand for Data-Integrated Imaging Systems
5.2.3.3 Emerging Markets and Growing Medical Tourism
5.2.4 Challenges
5.2.4.1 Imaging Obese Patients
5.3 Impact of COVID-19 on the Surgical Imaging Market
Figure 18 Impact of COVID-19 on the Surgical Imaging Market
5.4 Ecosystem
Figure 19 Surgical Imaging Market Ecosystem
5.5 Technology Analysis
Table 2 Technological Developments by Leading Players
5.6 Rules & Regulations
5.6.1 Electronic Product Radiation Control (EPRC) and the Medical Device Provisions of the Federal Food, Drug, and Cosmetic Act
5.6.2 MDR Regulation
5.6.3 The Atomic Energy (Radiation Protection) Rules, 2004 [AE(RP)R-2004], Promulgated Under the Atomic Energy Act, 1962 (India)
5.7 Pricing Analysis
Table 3 ASP of Mobile C-arms
6 Surgical Imaging Market, by Technology
6.1 Introduction
Table 4 Surgical Imaging Market, by Technology, 2018-2025 (USD Million)
6.2 Image Intensifier C-arms
6.2.1 Image Intensifier C-arms Segment to Dominate the Market During the Forecast Period
Table 5 Image Intensifier C-arms Market, by Region, 2018-2025 (USD Million)
Table 6 North America: Image Intensifier C-arms Market, by Country, 2018-2025 (USD Million)
Table 7 Europe: Image Intensifier C-arms Market, by Country, 2018-2025 (USD Million)
Table 8 Asia-Pacific: Image Intensifier C-arms Market, by Country, 2018-2025 (USD Million)
6.3 Flat-Panel Detector C-arms
6.3.1 FPD C-arms Segment to Grow at the Highest CAGR During the Forecast Period
Table 9 Flat-Panel Detector C-arms Market, by Region, 2018-2025 (USD Million)
Table 10 North America: Flat-Panel Detector C-arms Market, by Country, 2018-2025 (USD Million)
Table 11 Europe: Flat-Panel Detector C-arms Market, by Country, 2018-2025 (USD Million)
Table 12 Asia-Pacific: Flat-Panel Detector C-arms Market, by Country, 2018-2025 (USD Million)
7 Surgical Imaging Market, by Application
7.1 Introduction
Table 13 Surgical Imaging Market, by Application, 2018-2025 (USD Million)
7.2 Orthopedic & Trauma Surgeries
7.2.1 Orthopedic & Trauma Surgeries Segment Dominated the Market in 2019
Table 14 Surgical Imaging Market for Orthopedic & Trauma Surgeries, by Region, 2018-2025 (USD Million)
Table 15 North America: Surgical Imaging Market for Orthopedic & Trauma Surgeries, by Country, 2018-2025 (USD Million)
Table 16 Europe: Surgical Imaging Market for Orthopedic & Trauma Surgeries, by Country, 2018-2025 (USD Million)
Table 17 Asia-Pacific: Surgical Imaging Market for Orthopedic & Trauma Surgeries, by Country, 2018-2025 (USD Million)
7.3 Cardiovascular Surgeries
7.3.1 Growing Burden of CVD to Drive the Growth of this Market Segment
Table 18 Surgical Imaging Market for Cardiovascular Surgeries, by Region, 2018-2025 (USD Million)
Table 19 North America: Surgical Imaging Market for Cardiovascular Surgeries, by Country, 2018-2025 (USD Million)
Table 20 Europe: Surgical Imaging Market for Cardiovascular Surgeries, by Country, 2018-2025 (USD Million)
Table 21 Asia-Pacific: Surgical Imaging Market for Cardiovascular Surgeries, by Country, 2018-2025 (USD Million)
7.4 Neurosurgeries
7.4.1 Rising Burden of Neurological Disorders to Drive the Growth of this Market Segment
Table 22 Surgical Imaging Market for Neurosurgeries, by Region, 2018-2025 (USD Million)
Table 23 North America: Surgical Imaging Market for Neurosurgeries, by Country, 2018-2025 (USD Million)
Table 24 Europe: Surgical Imaging Market for Neurosurgeries, by Country, 2018-2025 (USD Million)
Table 25 Asia-Pacific: Surgical Imaging Market for Neurosurgeries, by Country, 2018-2025 (USD Million)
7.5 Gastrointestinal Surgeries
7.5.1 C-arms are Widely Used in GI Surgeries
Table 26 Surgical Imaging Market for Gastrointestinal Surgeries, by Region, 2018-2025 (USD Million)
Table 27 North America: Surgical Imaging Market for Gastrointestinal Surgeries, by Country, 2018-2025 (USD Million)
Table 28 Europe: Surgical Imaging Market for Gastrointestinal Surgeries, by Country, 2018-2025 (USD Million)
Table 29 Asia-Pacific: Surgical Imaging Market for Gastrointestinal Surgeries, by Country, 2018-2025 (USD Million)
7.6 Other Applications
Table 30 Surgical Imaging Market for Other Applications, by Region, 2018-2025 (USD Million)
Table 31 North America: Surgical Imaging Market for Other Applications, by Country, 2018-2025 (USD Million)
Table 32 Europe: Surgical Imaging Market for Other Applications, by Country, 2018-2025 (USD Million)
Table 33 Asia-Pacific: Surgical Imaging Market for Other Applications, by Country, 2018-2025 (USD Million)
8 Surgical Imaging Market, by End-user
8.1 Introduction
Table 34 Surgical Imaging Market, by End-user, 2018-2025 (USD Million)
8.2 Hospitals
8.2.1 Hospitals are the Largest End-users of Surgical Imaging Systems
Table 35 Percentage Increase in the Number of Surgical Procedures Performed in the US
Table 36 Surgical Imaging Market for Hospitals, by Region, 2018-2025 (USD Million)
Table 37 North America: Surgical Imaging Market for Hospitals, by Country, 2018-2025 (USD Million)
Table 38 Europe: Surgical Imaging Market for Hospitals, by Country, 2018-2025 (USD Million)
Table 39 Asia-Pacific: Surgical Imaging Market for Hospitals, by Country, 2018-2025 (USD Million)
8.3 Surgery Centers & Clinics
8.3.1 Increasing Number of Surgery Centers to Drive Market Growth
Table 40 Surgical Imaging Market for Surgery Centers & Clinics, by Region, 2018-2025 (USD Million)
Table 41 North America: Surgical Imaging Market for Surgery Centers & Clinics, by Country, 2018-2025 (USD Million)
Table 42 Europe: Surgical Imaging Market for Surgery Centers & Clinics, by Country, 2018-2025 (USD Million)
Table 43 Asia-Pacific: Surgical Imaging Market for Surgery Centers & Clinics, by Country, 2018-2025 (USD Million)
9 Surgical Imaging Market, by Region
9.1 Introduction
Table 44 Surgical Imaging Market, by Region, 2018-2025 (USD Million)
9.2 North America
Figure 20 North America: Surgical Imaging Market Snapshot
Table 45 North America: Surgical Imaging Market, by Country, 2018-2025 (USD Million)
Table 46 North America: Surgical Imaging Market, by Technology, 2018-2025 (USD Million)
Table 47 North America: Surgical Imaging Market, by Application, 2018-2025 (USD Million)
Table 48 North America: Surgical Imaging Market, by End-user, 2018-2025 (USD Million)
9.2.1 US
9.2.1.1 The US Dominated the North American Surgical Imaging Market in 2019
Figure 21 US: Number of Emergency Department Visits due to Injuries (2017)
Figure 22 US: Number of Emergency Department Visits due to Traumatic Fractures (2017)
Figure 23 US: Number of Emergency Department Visits due to Sprains and Strains (2017)
Table 49 US: Surgical Imaging Market, by Technology, 2018-2025 (USD Million)
Table 50 US: Surgical Imaging Market, by Application, 2018-2025 (USD Million)
Table 51 US: Surgical Imaging Market, by End-user, 2018-2025 (USD Million)
9.2.2 Canada
9.2.2.1 Rise in the Number of Grants Awarded to Research Organizations Driving Market Growth
Table 52 Canada: Surgical Imaging Market, by Technology, 2018-2025 (USD Million)
Table 53 Canada: Surgical Imaging Market, by Application, 2018-2025 (USD Million)
Table 54 Canada: Surgical Imaging Market, by End-user, 2018-2025 (USD Million)
9.3 Europe
Table 55 Europe: Surgical Imaging Market, by Country, 2018-2025 (USD Million)
Table 56 Europe: Surgical Imaging Market, by Technology, 2018-2025 (USD Million)
Table 57 Europe: Surgical Imaging Market, by Application, 2018-2025 (USD Million)
Table 58 Europe: Surgical Imaging Market, by End-user, 2018-2025 (USD Million)
9.3.1 Germany
9.3.1.1 Growth in the Geriatric Population is a Major Factor Driving Market Growth in Germany
Table 59 Germany: Surgical Imaging Market, by Technology, 2018-2025 (USD Million)
Table 60 Germany: Surgical Imaging Market, by Application, 2018-2025 (USD Million)
Table 61 Germany: Surgical Imaging Market, by End-user, 2018-2025 (USD Million)
9.3.2 UK
9.3.2.1 Increasing Prevalence of Lifestyle Diseases in the UK to Fuel Market Growth
Table 62 UK: Surgical Imaging Market, by Technology, 2018-2025 (USD Million)
Table 63 UK: Surgical Imaging Market, by Application, 2018-2025 (USD Million)
Table 64 UK: Surgical Imaging Market, by End-user, 2018-2025 (USD Million)
9.3.3 France
9.3.3.1 Growing Elderly Population to Drive the Market for Surgical Imaging in the Coming Years
Table 65 France: Surgical Imaging Market, by Technology, 2018-2025 (USD Million)
Table 66 France: Surgical Imaging Market, by Application, 2018-2025 (USD Million)
Table 67 France: Surgical Imaging Market, by End-user, 2018-2025 (USD Million)
9.3.4 Italy
9.3.4.1 Rising Number of Orthopedic Surgeries in Italy to Drive Market Growth
Table 68 Italy: Surgical Imaging Market, by Technology, 2018-2025 (USD Million)
Table 69 Italy: Surgical Imaging Market, by Application, 2018-2025 (USD Million)
Table 70 Italy: Surgical Imaging Market, by End-user, 2018-2025 (USD Million)
9.3.5 Spain
9.3.5.1 Reduced Spending on Healthcare in Spain to Restrict Market Growth
Table 71 Spain: Surgical Imaging Market, by Technology, 2018-2025 (USD Million)
Table 72 Spain: Surgical Imaging Market, by Application, 2018-2025 (USD Million)
Table 73 Spain: Surgical Imaging Market, by End-user, 2018-2025 (USD Million)
9.3.6 Rest of Europe
Table 74 Roe: Surgical Imaging Market, by Technology, 2018-2025 (USD Million)
Table 75 Roe: Surgical Imaging Market, by Application, 2018-2025 (USD Million)
Table 76 Roe: Surgical Imaging Market, by End-user, 2018-2025 (USD Million)
9.4 Asia-Pacific
Figure 24 Asia-Pacific: Surgical Imaging Market Snapshot
Table 77 APAC: Surgical Imaging Market, by Country, 2018-2025 (USD Million)
Table 78 APAC: Surgical Imaging Market, by Technology, 2018-2025 (USD Million)
Table 79 APAC: Surgical Imaging Market, by Application, 2018-2025 (USD Million)
Table 80 APAC: Surgical Imaging Market, by End-user, 2018-2025 (USD Million)
9.4.1 Japan
9.4.1.1 Rapid Growth in the Geriatric Population in Japan to Drive Market Growth
Table 81 Japan: Surgical Imaging Market, by Technology, 2018-2025 (USD Million)
Table 82 Japan: Surgical Imaging Market, by Application, 2018-2025 (USD Million)
Table 83 Japan: Surgical Imaging Market, by End-user, 2018-2025 (USD Million)
9.4.2 China
9.4.2.1 Large Patient Population and Healthcare Infrastructure Improvements to Drive Market Growth in China
Table 84 China: Surgical Imaging Market, by Technology, 2018-2025 (USD Million)
Table 85 China: Surgical Imaging Market, by Application, 2018-2025 (USD Million)
Table 86 China: Surgical Imaging Market, by End-user, 2018-2025 (USD Million)
9.4.3 India
9.4.3.1 Rising Medical Tourism and Increasing Healthcare Expenditure to Support Market Growth in India
Table 87 India: Surgical Imaging Market, by Technology, 2018-2025 (USD Million)
Table 88 India: Surgical Imaging Market, by Application, 2018-2025 (USD Million)
Table 89 India: Surgical Imaging Market, by End-user, 2018-2025 (USD Million)
9.4.4 Rest of Asia-Pacific
Table 90 RoAPAC: Surgical Imaging Market, by Technology, 2018-2025 (USD Million)
Table 91 RoAPAC: Surgical Imaging Market, by Application, 2018-2025 (USD Million)
Table 92 RoAPAC: Surgical Imaging Market, by End-user, 2018-2025 (USD Million)
9.5 Rest of the World
Table 93 RoW: Surgical Imaging Market, by Technology, 2018-2025 (USD Million)
Table 94 RoW: Surgical Imaging Market, by Application, 2018-2025 (USD Million)
Table 95 RoW: Surgical Imaging Market, by End-user, 2018-2025 (USD Million)
10 Competitive Landscape
10.1 Introduction
10.2 Market Evaluation Framework
Figure 25 Market Evaluation Framework
10.3 Market Share Analysis
Figure 26 Surgical Imaging Market Share, by Key Player, 2019
10.4 Competitive Leadership Mapping
Table 96 Company Evaluation Matrix: Criteria
10.4.1 Stars
10.4.2 Emerging Leaders
10.4.3 Pervasive Players
10.4.4 Emerging Companies
Figure 27 Global Surgical Imaging Market: Competitive Leadership Mapping, 2019
10.5 Key Market Developments
10.5.1 Product Launches & Approvals
Table 97 Key Product Launches & Approvals, 2018-2020
10.5.2 Deals
Table 98 Key Deals, 2017-2020
10.5.3 Other Developments
Table 99 Other Key Developments, 2017-2020
11 Company Profiles
(Business Overview, Products Offered, Recent Developments, Analyst's View)*
11.1 GE Healthcare (A Subsidiary of General Electric Company)
Figure 28 GE Healthcare: Company Snapshot
11.2 Koninklijke Philips
Figure 29 Koninklijke Philips: Company Snapshot
11.3 Siemens Healthineers
Figure 30 Siemens: Company Snapshot
11.4 Ziehm Imaging
11.5 Shimadzu Corporation
Figure 31 Shimadzu Corporation: Company Snapshot
11.6 Orthoscan
11.7 Medtronic
Figure 32 Medtronic: Company Snapshot
11.8 Canon Medical Systems
11.9 Genoray
11.10 Eurocolumbus
11.11 Allengers Medical Systems
11.12 DK Medical Systems (Dongkang Medical Systems Co. Ltd.)
11.13 Fujifilm Medical Systems USA, Inc.
Figure 33 Fujifilm Holdings Corporation: Company Snapshot
11.14 Simad X-Ray Medical Technology
11.15 Prognosys Medical Systems Pvt. Ltd.
11.16 Primax International
11.17 Gemss Medical
11.18 Italray Srl
11.19 Skanray Technologies Pvt. Ltd.
11.20 Nanjing Perlove Medical Equipment Co. Ltd.
11.21 Trivitron Healthcare
*Business Overview, Products Offered, Recent Developments, Analyst's View Might Not be Captured in Case of Unlisted Companies
12 Appendix
12.1 Discussion Guide
12.2 Knowledge Store: The Subscription Portal
12.3 Available Customizations
Executive Summary
Companies Mentioned
- Allengers Medical Systems
- Canon Medical Systems
- DK Medical Systems (Dongkang Medical Systems Co. Ltd.)
- Eurocolumbus
- Fujifilm Medical Systems USA, Inc.
- GE Healthcare (A Subsidiary of General Electric Company)
- Gemss Medical
- Genoray
- Italray Srl
- Koninklijke Philips
- Medtronic
- Nanjing Perlove Medical Equipment Co. Ltd.
- Orthoscan
- Primax International
- Prognosys Medical Systems Pvt. Ltd.
- Shimadzu Corporation
- Siemens Healthineers
- Simad X-Ray Medical Technology
- Skanray Technologies Pvt. Ltd.
- Trivitron Healthcare
- Ziehm Imaging
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| Published | February 2021 |
| Forecast Period | 2020 - 2025 |
| Estimated Market Value ( USD | $ 1.8 billion |
| Forecasted Market Value ( USD | $ 2.4 billion |
| Compound Annual Growth Rate | 5.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 21 |
