Global Surgical Imaging Market by Application and Modality Type: Global Opportunity Analysis and Industry Forecast, 2023-2029- Report By Introspective Market Research

PRESS RELEASE
Published February 8, 2023

Market Overview:

The Surgical Imaging market is expected to grow at a significant growth rate, and the analysis period is 2022-2028, considering the base year as 2021.

Surgical Imaging can be explained as the process of creating detailed pictures inner organs and parts of the body, surgical imaging usually makes use of pre-operative images such as ultrasound, fluoroscopy, MRI, MR therapy (MRT), or computed tomography (CT) to help visualize the target anatomy, these technologies are applied singly or jointly (multimodality) as per the surgical requirements that may differ according to the nature of the intervention. Surgical Imaging is generally used for diagnosis, planning, interventions, guidance, and post-operative evaluation. Surgical imaging technologies and equipment are gaining great demand as it allows physicians and surgeons to see internal images of the body, including bones and organs even during surgical procedures. Due to all such benefits like reduced risk, speed recovery, and real-time guidance the demand for Surgical Imaging is expected to rise in the upcoming period.

The Report Will Include A Major Chapter

  • Patent Analysis
  • Regulatory Framework
  • Technology Roadmap
  • BCG Matrix
  • Heat Map Analysis
  • Price Trend Analysis

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Market Dynamics and Factors:      

The primary factor driving the global market of Surgical Imaging is the tremendous rise of chronic diseases like diabetes, osteoporosis, cancer, and other diseases. Further, the benefits of Medical Imaging in helping physicians and surgeons to understand the complications in the human body are resulting directly in the rise in the demand for Surgical Imaging Solutions. Surgical Imaging procedures are completely painless and non-invasive and most of them don’t requires any special preparation. Even, with such less requirement of expertise this technology is been proven to be life-saving. Also, the economic benefits and recent product advancements are both contributing to the Growth of Global Surgical Imaging Market.

Constant Technological advancements in the Surgical Imaging Market to achieve greater efficiency, speed and precision in applications including Orthopedic, Vascular, Cardiology, and Urology among others is estimated to result in higher demand for surgical imaging technologies in upcoming years. Today, small to medium-sized healthcare businesses across the world are adopting cloud-based surgical imaging solutions due to a decrease in the initial cost requirement for system setup.

Moreover, rising awareness regarding the safety and effectiveness of surgical imaging equipment is to help the market to grow further. For instance, as stated by the United States National Institutes of Health, “radiation can be used for great benefit to humanity and with minimal risk”. this safety is attributed to the ongoing R&D and innovations practiced to reduce radiation dose while having increased accuracy.

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Top Key Players Covered In The Surgical Imaging Market:

  • Medtronic (Ireland)
  • GE Healthcare (US)
  • Olympus Corporation (Japan)
  • Siemens AG (Germany)
  • Hologic Inc. (US)
  • Canon Medical Systems Corporation (Japan)
  • Surgical Imaging Associates LLC (US)
  • Shimadzu Corporation (Japan)
  • General Electric (US)
  • Allengers Medical Systems Limited (India)
  • CONMED Corporation (US)
  • CANON MEDICAL SYSTEMS CORPORATION (Japan)
  • Agilent Technologies Inc. (US), and Other Major Players.

Surgical Imaging Market Report Highlight:

  • By Technology, the Flat Panel Detector (FPD) C-Arms segment is expected to grow at a faster rate as compared to Image Intensifier C-Arms. This is because of the reason that flat panel technology can provide wider benefits like the greater field of view, accuracy in imaging smaller structures, higher contrast resolution, and an additional benefit of grayscale.
  • By Modality type, A mobile C-arm is anticipated to cover a substantial market share owning to its utilization by a large number of clinics and medical centers in operation rooms also, the ability of mobile C-arm technology like lower radiation dose and its ability to move around the patient for achieving the optimum angle for a high-quality image is helping the greater application of mobile c-arm technology.
  • By Application, Orthopedic Surgeries account for the largest Surgical Imaging Market Share. Today, orthopedic surgeries show the greater need for the generation of accurate images of bone in two and three dimensions which are highly valuable in studying fractures around joints, reconstructing anatomy of the joints, and in pre-surgical planning of many orthopaedic procedures. Also, with Newer innovations, capturing real-time imaging data to generate real-time 3-dimensional images on the monitor is possible. This data can further be fed into a navigation system to improve the accuracy of surgery.
  • By End-User, the Hospitals segment is expected to hold the largest share of the surgical imaging market followed by the clinics segment. Betterment in infrastructures, large volumes of surgical procedures, and higher capital investments to deploy advanced technologies are the reasons behind the greatest utilization of Surgical Imaging Technologies by hospitals.
  • North America Region is expected to witness growth in the surgical imaging market during the forecast period the growth can be attributed to the factors such as the rising cases of chronic diseases among the regional population and rising predominance of genetic disorders. Moreover, the rising demand is helped by the advanced healthcare infrastructure and facilities across the developed countries present in the region.

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Key Industry Development:

In September 2022, Olympus Corporation, a leading manufacturer and provider of innovative medical systems announced the launch of its new VISERA ELITE III, a surgical visualization platform designed to address the needs of healthcare professionals (HCPs) for endoscopic procedures across multiple medical disciplines. The company presents the product as an innovative and open solution that brings multiple observation modes for future-proof endoscopic surgery.

In April 2022, GE Healthcare and Medtronic, the global leaders in medical technology, services, and solutions announced a Collaboration to Meet the Growing Need for Outpatient Cardiology and Peripheral Vascular Procedures over the upcoming period. The Collaboration defies the delivery of high-quality and cost-effective advanced technology, financial solutions, and personal service to the customers.

Surgical Imaging Market Segmentation:

By Technology

  • Image Intensifier C-Arms
  • Flat Panel Detector C-Arms

By Modality Type

  • Mobile C-Arms
  • Mini C- Arms
  • Others

By Application

  • Orthopedic Surgeries
  • Neurosurgeries
  • Cardiovascular Surgeries
  • Gastrointestinal Surgeries
  • Other

By End-User

  • Hospitals
  • Clinics
  • Others

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For this report, Introspective Market Research has segmented the Surgical Imaging Market based on region:

Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Turkey
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Vietnam
    • Thailand
    • Rest of Asia-Pacific
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Iran
    • Rest of MEA
  • Latin America
    • Brazil
    • Argentina
    • Rest of LATAM

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Scope of the Report:

The latest research on the Surgical Imaging market provides a comprehensive overview of the market for the years 2022 to 2028. It gives a comprehensive picture of the global Surgical Imaging industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter’s five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Surgical Imaging market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.

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