Global Surgical Imaging Market by Device (C-arms, Angiography), by Application (Orthopedic & Trauma, Cardiovascular), by Modality (MRI, X-ray) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global surgical imaging market was valued at USD4.6 billion in 2017. It is expected to grow at a CAGR 5.2% during the forecast period. Market growth is attributed to the growing number of radiography procedures and the increasing awareness among geriatrics. The market will continue to grow due to technological developments.

However, strict approval processes and high prices associated with these devices could have a negative effect on market expansion. The market will grow if there is a greater acceptance of minimally invasive surgical techniques. In the future, advanced techniques will fuel the demand.

In developed countries, there are well-developed health insurance systems. More than 300 million Americans have access to healthcare. Strong insurance policies make it easier for people to have surgery. This encourages the adoption of new technologies such as robotic surgery and surgical imaging.

These factors will also drive market growth over the next few years. In developing countries like Brazil and Mexico, governments are more focused on offering cost-effective, advanced surgical imaging solutions that provide better healthcare. But, the high cost of surgical imaging equipment could hinder their adoption.

Device Insights

The market can be divided by device into laparoscopy and endoscopy. The C-arms market accounted for the largest percentage of the global market in 2017, closely followed by surgical navigation systems. C-arms will likely maintain their dominance, and they are expected to continue to grow rapidly over the forecast period.

In minimally invasive surgery, laparoscopy and endoscopy are frequently used. C-arms are used extensively in minimally invasive surgeries, including abdominal and thoracic aneurysm repairs, visualizing kidney drain, percutaneous valve replacements and vascular surgery.

Modality Insights

The market can be classified by modality into and MRI. This includes x-rays, computed tomography and optical and nuclear images. Because of the rising prevalence of chronic diseases and the need for better treatment, X-ray will be the predominant segment. Further, X-ray equipment can be divided into mobile, handheld, or stationary devices. These devices are also in high demand due to the high prevalence of Cardiovascular Diseases and dental problems. Mobile x-rays will be in high demand due to the growing elderly population and increasing need for bedside imaging.

Application Insights

The market can be divided by application into neurosurgeries and ophthalmology as well as cardiovascular, neurosurgeries and thoracic, orthopedic, and trauma. In 2017, the orthopedic and trauma market accounted for the largest share and will likely register the highest CAGR over the forecast time. To reduce complexity and costs of intrathoracic procedures, fiber-optic cameras can be used.

Video-assisted treatment can be used to treat almost any intrathoracic condition. Video-assisted thoracoscopic or inflexible bronchoscopic medical procedures can reduce pain after surgery and speed up recovery. Endoscopes, which are small, flexible, and lit, allow for minimally invasive neurosurgery. They can be used to image different parts of the skull or spinal cord. Endoscopes provide a magnifying lens that magnifies the anatomical structures and allows surgeons to view the affected areas.

Regional Insights

North America dominated the market in 2017. It accounted for the largest share of the revenue due to its high adoption rate of advanced technology, sophisticated healthcare infrastructure, and was the dominant market. Asia Pacific will see the fastest CAGR during the forecast period due to the many incentives offered by local governments and the low cost of clinical trial in the region. Germany and the Nordic countries continue to invest in surgical imaging in order to improve patient care and treatment. To carry out their research activities, the eastern part of Europe mainly depends on funding from EU.

Market Share in Surgical Imaging

Koninklijke Philips N.V., Hitachi Ltd., Shimadzu Corp., Fujifilm Medical Systems, Siemens Healthcare, Canon Medical Systems Corporation, Carestream Health, Hologic, Inc., and BioSign are some of the major players in the market. Many of these large companies are using various strategies to expand their market reach. Philips, for example, purchased Electrical Geodesics, Inc. in June 2017 to create a portfolio that includes integrated neurological imaging, therapy, mapping guidance, and other services.

Market Report Scope on Surgical Imaging

The Report Covers Certain Segments

This report forecasts revenue growth and volume growth at the global, regional and country level. It also provides analysis of industry trends for each sub-segment from 2014 through 2026. Grand View Research has divided the global surgical imaging market report by device, modality and application.

• Device Outlook (Revenue USD Million, 2014-2026)

  • Endoscopy

  • Laparoscopy

  • Angiography

  • C-arms

  • Surgical Navigation Systems

• Modality Outlook (Revenue USD Million, 2014-2026)

  • MRI

  • X-ray

  • Computed Tomography

  • Opcal

  • Nuclear Imaging

  • Ultrasound

• App Outlook (Revenue USD Million, 2014-2026)

  • Neurosurgeries

  • Cardiovascular

  • Orthopedic Trauma and Trauma

  • Gynecological

  • Ophthalmological

  • Thoracic

  • Urologic

  • Other

• Regional Outlook (Revenue USD Million, 2014-2026)

  • North America

    • The U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

  • Asia Pacific

    • China

    • Japan

  • Latin America

    • Brazil

    • Mexico

  • MEA

    • South Africa

Up Market Research published a new report titled “Surgical Imaging Market research report which is segmented by Device (C-arms, Angiography), by Application (Orthopedic & Trauma, Cardiovascular), by Modality (MRI, X-ray), By Players/Companies therapy, Inc; Hitachi Ltd; Shimadzu Corp; Fujifilm Medical Systems; Siemens Healthcare; Canon Medical Systems Corporation; Carestream Health; Hologic, in June 2017, Inc; and BioSign Most of these major firms are incorporating various strategies to increase their market reach For instance, Philips acquired Electrical Geodesics, Inc to launch a portfolio with integrated neurological imaging, Koninklijke Philips NV; GE Healthcare, mapping guidance”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Surgical Imaging Market Report Segments:

The market is segmented by Device (C-arms, Angiography), by Application (Orthopedic & Trauma, Cardiovascular), by Modality (MRI, X-ray).

Surgical Imaging Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Surgical Imaging Market

Overview of the regional outlook of the Surgical Imaging Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Surgical Imaging Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Surgical Imaging Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. C-arms

                2. Angiography

                1. Orthopedic & Trauma

                2. Cardiovascular

                1. MRI

                2. X-ray

9. Market scenario by region, sub-region, and country.
10. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
11. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
12. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Surgical Imaging Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Surgical Imaging Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.