Surgical Imaging Market Size to Surpass USD 3.14 Billion by 2029
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Data Bridge Market Research analyses that the surgical imaging market was valued at USD 1.91 billion in 2021 and is expected to reach USD 3.14 billion by 2029, registering a CAGR of 6.37% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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The market for surgical imaging is estimated to increase rapidly over the forecast period. Chronic disorders including cardiovascular disease, are frequently linked to the aging process. According to the World Health Organization (WHO), cardiovascular diseases (CVDs) are the leading cause of mortality worldwide, killing 17.9 million people each year. Strokes and heart attacks account for four out of every five cardiovascular deaths, with one-third of deaths occurring before the age of 70. Hence, an increase in the frequency of chronic diseases led to the introduction of surgical imaging in the market.
Prior to and during surgical procedures, surgical imaging is used to view internal images of the body, including bones and organs. It encompasses fluoroscopy, ultrasound, X-rays, computed tomography (CT), magnetic resonance imaging (MRI), magnetic resonance (MR) guided radiation therapy, and radionuclide methods, among other medical modalities. Surgical imaging has grown in popularity among surgeons over the years because it allows them to conduct complex surgical procedures with greater ergonomics, efficiency, and safety.
Drivers
- Increasing prevalence of chronic diseases
The rising prevalence of chronic diseases such as diabetes, high blood pressure, cancer, high cholesterol, and osteoporosis will propel the market’s growth rate during the forecast period of 2022-2029.
- Rise in the number of geriatric population
The number of persons aged 60 and up has consistently increased over time due to rising life expectancy. The worldwide geriatric population will grow from 727 million in 2020 to 1.5 billion by 2050, according to the United Nations Database on World Population Ageing 2020. Geriatric people have the highest risk of suffering from chronic diseases, increasing the demand for the surgical imaging market.
Furthermore, the rising demand for minimally invasive procedures will act as major factor influencing the growth of the surgical imaging market. Along with this, increasing urbanization and rising level of disposable income are the driving factors accelerating the growth of the surgical imaging market. Also, increasing expenditure on healthcare infrastructure and the continuously changing lifestyle of people are the major market drivers that will further escalate the growth of surgical imaging market.
Recent Development
- In March 2021, GE Healthcare announced 510(k) clearance of New 3D Surgical Imaging System, which provides more precise and efficient care. This innovative technique combines the advantages and familiarity of 2D imaging with increased efficiency to make 3D more accessible and usable.
Report Scope and Market Segmentation
| REPORT METRIC | DETAILS |
| Forecast Period | 2022 to 2029 |
| Base Year | 2021 |
| Historic Years | 2020 (Customizable to 2019 – 2014) |
| Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
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Some of the major players operating in the surgical imaging market are:
- Siemens Healthcare GmbH (Germany)
- CANON MEDICAL SYSTEMS CORPORATION (Japan)
- General Electric (US)
- TOSHIBA CORPORATION (Japan)
- Olympus Corporation (Japan)
- Koninklijke Philips N.V. (Netherlands)
- Hologic, Inc. (US)
- Medtronic (Ireland)
- CONMED Corporation (US)
- NDS Surgical Imaging (Florida)
- Carestream Health (US)
- Ziehm Imaging GmbH (Germany)
- Eurocolumbus s.r.l. (Italy)
- OrthoScan Inc. (US)
- BPL Medical Technologies (India)
- Basler AG (Germany)
- Surgical Imaging Associates LLC (US)
- Barco (Belgium)
- Shimadzu Corporation (Japan)
- Agilent Technologies, Inc.(US)
- Cook (US)
Surgical Imaging Market Scope
Technology
- Image Intensifier C-Arms
- Flat Panel Detector C-Arms
Based on technology, the surgical imaging market is segmented into image intensifier c-arms, flat panel detector c-arms.
Application
- Orthopedic and Trauma Surgeries
- Neurosurgeries
- Cardiovascular Surgeries
- Gastrointestinal Surgeries
- Other Applications
Based on application, the surgical imaging market is segmented into orthopedic and trauma surgeries, neurosurgeries, cardiovascular surgeries, gastrointestinal surgeries and other applications.
Product
- Mobile C-arms
- Mini C-Arm
- Endoscopy
- Laparoscopy
- Angiography
- Surgical navigation systems
- Others
Based on product, the surgical imaging market is segmented into mobile c-arms, mini c-arm, endoscopy, laparoscopy, angiography, surgical navigation systems and others.
Modality
- MRI
- X-ray
- Computed Tomography
- Optical
- Nuclear Imaging
- Ultrasound
Based on modality, the surgical imaging market is segmented into MRI, X-ray, computed tomography, optical, nuclear imaging and ultrasound.
End-User
- Hospitals
- Clinics
- Others
Surgical imaging market is also segmented on the basis of end-user into hospitals, clinics and others.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the this research report
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Top Key Topics Covered:
- Strategic Imperatives
- Factors Creating Pressure on Growth
- The Strategic Imperative
- Growth Opportunities Fuel the Growth Pipeline Engine
- Research Methodology
- Scope and Segmentation
- Research Context and Scope of Analysis
- Segmentation
- Other Techniques for This Research Report Management
- Growth Opportunity Analysis
- Growth Drivers
- Growth Restraints
- Introduction
- The Impact of the COVID-19 Pandemic and Post
- Future Growth
- Innovation Ecosystem
Continued…
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Some of the Most Important Questions Scrutinized in the Business Intelligence Report:
- What are the key growth parameters for this global market during the forecast period?
- Which key players are expected to hold the largest market share over the forecast period?
- Who are the leading vendors and manufacturers in this market?
- What are the key strategies adopted by leading players in the market for business development and geographical expansion?
- Which end-use industries can trigger high demand in the market over the forecast period?
- What are the key segments in this market?
- Which regional player will have anticipated leading the global market in terms of size?
- What is the impact of the novel coronavirus pandemic?
- Which obstacles must new players overcome in order to occupy a major position?
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