Global Orthopedic Medical Imaging Market 2017-2021
About Orthopedic Medical Imaging
Medical imaging is the visualization of body parts, tissues, or organs to diagnose, treat, and monitor diseases. Orthopedic surgeons use medical imaging to diagnose orthopedic diseases and bone injuries. They also use it to monitor the effectiveness of treatment. There are several types of orthopedic medical imaging systems such as X-ray, CT, ultrasound, MRI, and nuclear imaging. An X-ray is a non-invasive medical test that produces pictures of the body's internal structures using small doses of ionizing radiation.
Technavio’s analysts forecast the global orthopedic medical imaging market to grow at a CAGR of 5.35% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global orthopedic medical imaging market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Orthopedic Medical Imaging Market 2017-2021
Technavio recognizes the following companies as the key players in the global orthopedic medical imaging market: GE Healthcare, Hitachi, Philips Healthcare, Siemens Healthineers, and Toshiba Medical Systems.
Other Prominent Vendors in the market are: Carestream Health, EOS imaging, Esaote, Fujifilm Holdings Corporation, and PLANMED OY.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the report is new product approvals and launches. The global orthopedic medical imaging market is witnessing an increasing trend of new product launches and approvals. Several key vendors such as Siemens Healthineers, Philips Healthcare, and Toshiba Medical Systems have received regulatory approvals for their orthopedic medical imaging devices in the last two to three years.”
According to the report, one driver in the report is increasing incidence of orthopaedic diseases and bone injuries. The incidence of many orthopedic diseases and bone injuries such as arthritis, osteoarthritis, rheumatoid arthritis, osteoporosis, and serious limb trauma injuries is increasing. According to the CDC, in the US, in 2017, 54.4 million adults had arthritis, and the number is expected to reach approximately 60 million by 2025. According to the CDC, in the US, in 2017, over 30 million adults had osteoarthritis. In 2016, approximately 75 million people across the world had rheumatoid arthritis. In 2014, in the US, approximately 16.95% of adults above the age of 50 had osteoporosis and low bone mass.
Further, the report states that one challenge in the report is increasing preference for refurbished imaging equipment. The global orthopedic medical imaging market is witnessing the increasing adoption of refurbished orthopedic medical imaging devices. Many small diagnostic centers and standalone hospitals are adopting refurbished orthopedic medical imaging devices as they provide significant cost savings when compared with new orthopedic medical imaging equipment. The average cost of a refurbished digital X-ray system is approximately 20% less than the cost of a new X-ray system. Like new imaging device manufacturers, refurbished medical imaging device providers also offer benefits such as warranty and after sales services.
GE Healthcare, Hitachi, Philips Healthcare, Siemens Healthineers, Toshiba Medical Systems, Carestream Health, EOS imaging, Esaote, Fujifilm Holdings Corporation, and PLANMED OY.
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