The global surgical imaging market size was worth around USD 5.5 billion in 2021 and is predicted to grow to around USD 9.6 billion by 2030 with a compound annual growth rate (CAGR) of roughly 6.5% between 2022 and 2030.
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➤ The market is expanding due to the growing geriatric population and the increasing prevalence of chronic diseases.
The global surgical imaging market is anticipated to be driven by the growing geriatric population and the increasing prevalence of chronic disease worldwide during the forecast period. The altering lifestyle is contributing to the rise in the prevalence of chronic diseases, including cancer and cardiovascular disease. For example, cardiovascular disease claimed the lives of 9.6 million men and 8.9 million women worldwide in 2019, with over six million of them falling within the age bracket of 30-70. Death rates were highest in several of the world’s most populous nations, including the United States, China, India, Russia, and Indonesia.
➤ The market’s development is being impeded by the high cost of equipment.
Mobile c-arms are significantly more expensive than other conventional image intensifiers due to their superior capabilities and functionality. C-arms are available in a diverse array of models that are customized to accommodate the requirements of an organization. In order to enhance the quality of images and the capabilities of the system, the models incorporate distinctive technologies, including touchscreen interfaces, 3-D navigation assistance, and image processing software. Mini c-arms, compact c-arms, and full-size c-arms are among the variants that are available on the market. The prices of these arms vary from USD 10,000 to USD 90,000 and beyond, depending on their size, functionality, features, and intended use.
➤ It is anticipated that the growing preference for advanced technology over traditional methods will create a profitable opportunity.
C-arms are advanced medical imaging devices that are frequently employed in challenging surgical, orthopedic, cardiology, neurologic, pain management, and emergency operations. They are founded on x-ray technology. A mobile fluoroscopic system, also known as a portable or mobile c-arm, is composed of a generator, which is also known as an X-ray source, and a flat panel detector or image intensifier. A substantial transition has occurred in recent years toward the use of digital flat panel detectors over traditional image intensifiers in c-arm technology, as a result of the numerous advantages that the latter offer in terms of image quality, reduced radiation doses, and durability.
➤ The market growth is significantly impeded by ionizing radiation.
The market growth over the forecast period is significantly impeded by the adverse effects of ionizing radiation during medical procedures. The short- and long-term effects of the exceedingly low levels of radiation exposure from imaging procedures may be significant. Ionizing radiation can cause damage to cell DNA; however, the small doses used in each imaging procedure enable cells to repair this damage. Consequently, the market’s expansion is impeded by elevated levels of ionizing radiation.
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The Global Surgical Imaging Market is segmented based on product, application and region
Global Surgical Imaging Market: Product Segment Analysis
● Neurosurgeries
● Cardiovascular
● Orthopedic and Trauma
● Gynecological
● Ophthalmological
● Thoracic
● Urologic
● Others
Global Surgical Imaging Market: Application Segment Analysis
● Hospitals
● Ambulatory Surgical Centers
● Academic and Research Institutes
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The global Surgical Imaging market profiles key players such as:
● Medtronic plc
● Koninklijke Philips N.V.
● Hologic Inc.
● GENORAY Co. Ltd.
● GE Healthcare
● Eurocolumbus s.r.l
● Allengers Medical Systems Ltd
● Ziehm Imaging GmbH.
● Whale Imaging Inc.
● Toshiba Medical Systems Corporation
● Siemens Healthineers AG
● Shimadzu Corp.
● Orthoscan
???? Recent Developments:
• Olympus Corporation introduced VISERA ELITE III in September 2022, its most recent surgical visualization platform. This platform is designed to meet the requirements of healthcare professionals (HCPs) in various medical fields for endoscopic procedures. VISERA ELITE III provides a comprehensive array of imaging capabilities, all of which are integrated into a single system. This enables minimally invasive therapies, including Laparoscopic Cholecystectomy and Laparoscopic Colectomy. Future software enhancements will enhance surgical imaging technology and enable the creation of customized configurations that enable the seamless integration of a variety of surgical applications, thereby reducing investment costs.
• Siemens Healthineers presented the most recent radiology products and technologies at the 74th National Conference, IRIA 2022, in Bengaluru, India, in March 2022. Siemens Healthineers has introduced its distinctive solutions in the MRI and CT portfolio, MAGNETOM Free.Star and NAEOTOM Alpha®, emphasizing the necessity of being at the forefront of clinical decision-making throughout the entire healthcare continuum.
➤ The market is anticipated to be dominated by North America during the forecast period.
The global surgical imaging market is anticipated to be dominated by North America during the forecast period. A developed medical and healthcare infrastructure, advantageous reimbursement rules, a growing use of advanced imaging technology, a greater number of government and nonprofit organizations participating in health-related activities, and an increase in the number of surgeries performed are all contributing factors to the region’s growth. Furthermore, the region’s market is expected to expand in terms of revenue as a result of the presence of numerous leading vendors, an increase in the number of strategic alliances among them, and a rise in investments in the development of technologically advanced c-arm imaging systems.
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