Surgical Imaging Market: Size, Dynamics, Regional Insights, and Market Segment Analysis

Surgical Imaging Market was valued at USD 1.95 Bn. in 2022, and it is expected to reach USD 3.07 Bn. by 2029, exhibiting a CAGR of 6.7% during the forecast period (2023-2029)
Market Overview:
Surgical imaging is used to observe interior pictures of the body, including bones and organs, before and during surgical procedures. It includes, among other things, fluoroscopy, ultrasound, X-rays, computed tomography (CT), magnetic resonance imaging (MRI), magnetic resonance (MR) guided radiation treatment, and radionuclide technologies. Surgical imaging has risen in popularity among surgeons over the years because to its ability to help them perform difficult surgical operations with more ergonomics, efficiency, and safety.To know about the Research Methodology :- Request Free Sample Report
Surgical Imaging Market Dynamics
The benefits of FPDs over image intensifiers, technical improvements, reimbursement cutbacks for analogue radiography systems, and the rising need for less invasive treatments are the primary drivers driving the growth of surgical imaging market. The progress of C-arm technology, from classical X-ray image intensifier technology to digital flat-panel detectors (FPDs), has resulted in substantial advances in surgical imaging. FPDs have several advantages over image intensifiers, including smaller sizes and lower radiation dosages. Although resolution varies by model, FPDs are capable of producing a more consistent, high-quality digital image. While the quality of pictures produced by standard image intensifiers degrades with time, this is not the case with FPDs.

Increase in the geriatric population:

Despite growing life expectancy, the number of people aged 60 and older has steadily grown over time. According to the United Nations Database on World Population Ageing 2020, the global geriatric population is expected to grow from 727 million in 2020 to 1.5 billion by 2050. Geriatric persons are at a higher risk of developing chronic illnesses, which drives up demand for the surgical imaging market.

Furthermore, the growing desire for minimally invasive treatments would have a significant impact on the surgical imaging market's growth. In addition, increased urbanisation and disposable income are major factors boosting the growth of the surgical imaging market. Additionally, rising healthcare infrastructure spending and people's ever-changing lifestyles are important market factors that drive the surgical imaging market growth.

Surgical Imaging Market Restraint

Surgical devices and systems are expensive

Although mobile c-arms have more complex features and capabilities, they are much more expensive than other traditional picture intensifiers. C-arms come in a variety of versions that are tailored to meet the needs of an organisation. Innovative technologies like as image processing software, 3-D navigation aids, and touchscreen interfaces are included in the models to boost system capabilities and picture quality. Mini c-arms, tiny c-arms, and full-size c-arms are among the versions available on the market, with prices ranging from USD 10,000 to USD 90,000 and above, depending on features, size, functionality, and purpose.

Secondly, in addition to installation and setup fees, these systems need extra charges such as service and maintenance fees, as well as the cost of acquiring printers and DICOM boxes, which dramatically escalates overall ownership costs. Many small and medium-sized hospitals find it difficult to acquire such expensive equipment due to high capital in investment, which is projected to limit the adoption of c-arms technology in such institutions and hinder market growth to some extent during the forecast period.
Surgical Imaging Market Segment Analysis
By Technology, the C-Arm segment is expected to grow rapidly in the surgical imaging market throughout the forecast period. One of the most significant advantages of c-arms is the ability to move around the patient to achieve the best possible angle for a high-quality picture while keeping the patient comfortable. Furthermore, movable C-arms can be deployed in many operating rooms. These features are appropriate for tiny hospitals with tight budgets.

The size and cost of the currently available transportable c-arm systems vary substantially depending on the capability supplied for the operations. Mini c-arm systems are also included in the mobile c-arms category. Mini c-arms are specially intended for extremities imaging and have a smaller footprint as well as more mobility than full-size c-arms. Extremity surgeons, such as orthopaedic doctors, employ them to image the feet, ankles, wrists, hands, knees, and elbows. In these circumstances, a tiny c-arm system saves space, money, and time while still providing acceptable picture quality at a low dosage.

C-arm manufacturers differentiate their products based on mobility, the field of vision, and the inclusion of alternative imaging technologies. For example, OrthoScan Inc.'s FD Pulse is the world's first compact c-arm with pulsed fluoroscopy. In the account of these considerations, the mobile c-arm sector is expected to grow rapidly throughout the forecast period.

By Application, The market is divided into cardiovascular, neurosurgeries, ophthalmology, thoracic, urologic, orthopaedic, and trauma applications. The orthopaedic and trauma sector held the largest market share in 2022 and is expected to grow at the fastest rate over the forecast period. To lessen the complexity and expense of intrathoracic treatments, fibre-optic cameras are being employed in minimally invasive procedures. Surgical imaging will most likely find the most widespread application in orthopaedic procedures. Between 2023 and 2029, orthopaedic surgery is expected to provide an incremental potential of more than US$ 100 million. The growing number of orthopaedic operations performed, along with a demand for less invasive procedures, is driving the usage of surgical imaging in orthopaedics. The growing number of orthopaedic surgeries performed, along with a demand for less invasive procedures, is driving the use of operative imaging in orthopaedic surgery. Meanwhile, surgical imaging is expected to find use in neurosurgery.

By End-Use, hospitals are likely to be among the major end-users of surgical imaging technologies when compared to other users. By the end of 2029, hospitals are expected to generate more than $800 million in revenue. Since the availability of different surgical instruments for performing surgical procedures, the rise in the number of minimally invasive surgeries performed, and the rise in the number of patients admitted to these facilities for surgery to treat various chronic disorders, hospitals are expected to account for a significantly larger revenue share in the global surgical imaging market.

As the number of procedures performed in hospitals grows, so does the usage of surgical imaging equipment. Furthermore, increased investment in installing modern technology to carry out successful operations in hospitals is contributing to the growth of surgical imaging technologies in hospitals. The surge in the frequency of traffic accidents and traumatic brain injury cases is leading hospitals to implement c-arms imaging equipment in emergency rooms in order to give patients with faster and more effective treatment and boost their chances of survival. Furthermore, rising demand for mobile c-arm systems due to benefits such as portability, the convenience of handling equipment, and reduced space required is likely to fuel growth in this market in the next eight years. Furthermore, the availability of highly qualified imaging specialists, and surgeons, and well-developed infrastructure are important elements contributing to segment's revenue growth.
Surgical Imaging Market Regional Insights
North America held the largest market share of the market. During the forecast period, North America is expected to continue to dominate the surgical imaging market. The surgical imaging market in North America is growing thanks to factors including an increase in sports injuries, a well-developed healthcare infrastructure that supports the adoption of advanced surgical imaging technology, and favorable government policies that support the purchase of advanced surgical imaging devices and reimbursement of the same. The increased incidence of genetic abnormalities and chronic illnesses, as well as the presence of cutting-edge healthcare infrastructure and reimbursement options, are the main drivers propelling market growth in the North American region.

The American Heart Association predicts that in 2018, cardiovascular illnesses caused close to 836,546 fatalities in the United States (one out of every three deaths in the United States). Additionally, according to the Heart Disease & Stroke Statistical Fact Sheet 2020, at least 40,000 newborns in the United States are anticipated to suffer from congenital heart problems each year. Around 25% of them, or 2.4 (per 1,000 live births), require therapy throughout the first year of life. Furthermore, several of the major risk factors, such as smoking, a sedentary lifestyle, and high blood pressure, are on the rise in the United States.

As a result of increasing technology, rising healthcare spending, an ageing demographic trend, altering epidemiological patterns, and changing patient care methods, the surgical imaging market in the United States is expected to grow rapidly in the forecast period.

Asia Pacific is anticipated to have a strong revenue CAGR over the course of the forecast period thanks to increase in the prevalence of various gastrointestinal, cardiovascular, and orthopaedic disorders, an increase in the number of imaging centers in the region's countries, and an increase in the number of minimally invasive surgical procedures. Governments in the region are also promoting radiation awareness and related programs, with a strong emphasis on dose monitoring, and encouraging hospitals to use low-dose-based surgical imaging technologies in response to concerns about the hazards linked to patient exposure to radiation.
Scope of the Report
The research evaluates current activities and developments in each sub-sector, as well as revenue growth at the global, regional, and global levels (2023-2029). For this analysis, MMR divided the Surgical Imaging market into Technology, Application, End-Use and geographic locations. The market analysis also contains expected market estimates and trends for 22 countries spread throughout the world's primary geographic zones. The value for the aforementioned categories is provided in the report (in USD million).

The research also aids in understanding the surgical imaging Market trends, structure, and size projections by evaluating market segments. The research serves as an investor's guide by providing a clear depiction of competition analysis of major competitors in the surgical imaging market by financial situation, product portfolio, growth plans, and geographical presence.
Surgical Imaging Market Scope: Inquire before buying



Surgical Imaging Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 1.95 Bn.


Forecast Period 2023 to 2029 CAGR:
6.7%
Market Size in 2029:
US $ 3.07 Bn.


 Segments Covered:
by Technology
1. Image intensifier C-arms
2. Flat Panel Detector C-arms (FPD C-arms)


by Application
1. Orthopedic and Trauma Surgeries
2. Neurosurgeries
3. Cardiovascular Surgeries
4. Gastrointestinal Surgeries
5. Other Applications (Urology and End bronchial & Thoracic Surgery)


by End-Use
1. Hospitals
2. Diagnostic Centers
3. Academic & Research Institutes



Surgical Imaging Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Surgical Imaging Market ,Key Players are:
1. Ziehm Imaging GmbH (Germany)
2. Siemens AG (Germany)
3. Basler AG (Germany)
4. Koninklijke Philips N.V. (Netherlands)
5. Barco (Belgium)
6. Eurocolumbus Srl (Italy)
7. Medtronic plc (Ireland)
8. CONMED Corporation (US)
9. NDS Surgical Imaging (US)
10. Carestream Health (US)
11. GE Healthcare (US)
12. Hologic, Inc. (US)
13. New View Surgical, Inc (US)
14. Johnson & Johnson (US)
15. Abbott Laboratories (US)
16. Cardinal Health (US)
17. Stryker Corporation (US)
18. Baxter International Inc (US)
19. Boston Scientific (US)
20. 3M Health Care (US)
21. Danaher Corporation (US)
22. Imagin Medical (Canada)
23. GENORAY Co., Ltd. (South Korea)
24. Shimadzu Corporation (Japan)
25. Olympus Corporation (Japan)
26. Canon Medical Systems Corporation (Japan)
27. Allengers Medical Systems Ltd. (India)
28. BPL Medical Technologies (India)

Frequently Asked Questions:

1] What segments are covered in the Global Surgical Imaging Market report?
Ans. The segments covered in the Surgical Imaging Market report are based on Technology, Application, End Use and Region.

2] Which region held highest share of the Global Surgical Imaging Market in 2021?
Ans. North America held highest Surgical Imaging Market Share in 2022.

3] What is the market size of the Global Surgical Imaging Market by 2029?
Ans. The market size of the Surgical Imaging Market by 2029 is expected to reach USD 3.07 Bn.

4] What is the forecast period for the Global Surgical Imaging Market?
Ans. The forecast period for the Surgical Imaging Market is 2023-2029.

5] What was the market size of the Global Surgical Imaging Market in 2022?
Ans. The market size of the Surgical Imaging Market in 2022 was valued at USD 1.95 Bn.