Surgical imaging Market Size, Trends, Opportunities, Innovations & Forecast till 2026
According to a new report published by KD
Market Insights, titled, "Surgical
Imaging Market, by Modality, Technology, and
Application: Global Opportunity Analysis and Industry Forecast, 2019 - 2026,"
the global surgical imaging market was valued at $1,063 million in 2018, and is
expected to reach $1,496 million by 2026, growing at a CAGR of 4.3% from
2019 to 2026.
Surgical imaging systems are intra-operative
imaging systems that are based on X-ray technology and can be used flexibly in
various operating rooms during different surgeries such as orthopedic surgery,
traumatology, vascular surgery, neurosurgery, and cardiology for
intra-operative imaging. The device provides high-resolution X-ray images in
real time, allowing the surgeon to monitor progress at any point during the
surgery.
The surgical imaging market is expected to experience
significant growth during the forecast period owing to rise in demand for
minimally invasive surgical procedures across geographies with increase in
popularity of flat panel detector c-arms (FPD c-arms). Increase in number of
hybrid operating rooms further boost the surgical imaging market growth during
the forecast period. Furthermore, increase in demand for integrated imaging
systems and technological advancement in surgical imaging systems such as
launch of O-arms n G-arms further contribute toward the market growth. However,
higher cost of surgical imaging systems can impede the market growth. Some
other factors such as better clinical outcomes, cost effectiveness, and greater
convenience, further boost the market growth. However, higher cost associated
with the surgical imaging system hamper the market growth.
Based on technology, the market is categorized
as image intensifier c-arms and flat panel detector c-arms (FPD c-arms). At
present, the at panel detector c-arms segment is the major revenue contributor
and is estimated to grow significantly during the forecast period. Some key
factors such as rise in demand for flat panel detector c-arms, and
technologically advancement in medical devices are majorly driving the market
growth. Furthermore, advantages offered by flat panel detector c-arms over the
image intensifier c-arm such as higher resolution, clarity, contrast, and high
efficiency further supports the market growth.
Based on modality type, the global surgical
imaging market is categorized as mobile c-arms, mini c-arms, and others. At
present, the mobile c-arms segment dominates the global market, and is
anticipated to continue this trend during the forecast period owing to rise in
adoption of mobile c-arms within various operating rooms, technological
advancement in mobile c-arms, wide availability of mobile c-arms, and growth in
number of hybrid operating rooms along with rise in usage of mobile c-arms are
majorly driving the market growth of this segment. However, the demand for O-arms
and G-arms is expected to increase during the forecast period, which makes it
the fastest growing segment, due to increase in number of orthopedic surgery,
growth in demand for advanced medical imaging systems, and increase awareness
of O-arms and G-arms.
Based on application, the global surgical
imaging market is segmented into neurosurgery, orthopedic & trauma surgery,
cardiovascular, general surgery, and other surgeries. At present, the
orthopedic & trauma surgery segment is the major revenue contributor, and
is estimated to remain dominant during the forecast period, due to rise in
adoption of intraoperative surgical imaging during orthopedic surgery, wide
availability of surgical imaging systems for orthopedic surgery and rise in
adoption of c-arm during orthopedic implantation. Neurosurgery segment will
show fastest market growth over the forecast period due to growth in adoption
of c-arm during neurosurgeries, rise in number of neurosurgical hybrid
operating rooms, and increase in number of target population are majorly
driving the market growth of this segment.
Key Findings of the Surgical Imaging
Market:
- Based on modality type, the mobile c-arms
segment held more than three fifth share in the global market in 2018.
- Based on technology type, the flat panel detector c-arms (FPD c-arms) segment exhibits fastest growth and is expected to grow at a CAGR of 4.6% from 2019 to 2026.
- Based on application, the orthopedic & trauma surgery segment held largest market share in 2018, and is expected to remain dominant throughout the forecast period.
- Based on region, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 5.3% during the forecast period.
- Based on technology type, the flat panel detector c-arms (FPD c-arms) segment exhibits fastest growth and is expected to grow at a CAGR of 4.6% from 2019 to 2026.
- Based on application, the orthopedic & trauma surgery segment held largest market share in 2018, and is expected to remain dominant throughout the forecast period.
- Based on region, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 5.3% during the forecast period.
North America accounted for approximately
one-half of the global surgical imaging market share in 2018 and is expected to
remain dominant throughout the forecast period. This was attributed to the rise
in higher adoption of surgical imaging system, well developed healthcare
infrastructure, increase in number of minimally invasive surgeries, wide
availability of advanced surgical imaging system, and supportive reimbursement
policies in the healthcare system. While, Asia-Pacific is expected to
experience the highest growth rate during the forecast period majorly due to,
rise in number of minimally invasive surgeries with the increase in adoption of
surgical imaging systems.
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