Intraoperative Imaging Market by Product (Mobile C-arms, CT, MRI, Ultrasound), Application (Neurosurgery, Orthopedic, Trauma, Spine Surgery, Cardiovascular, ENT, Gastro, Maxillofacial Surgery) & End User (Hospitals, ASC, Clinic) - Global Forecast to 2021
The global intraoperative imaging market is expected to reach USD 2.06 billion by 2021 from USD 1.61 billion in 2016, at a CAGR of 5.2% during the forecast period of 2016 to 2021. Rising geriatric population and subsequent growth in the prevalence of chronic diseases, increasing preference for minimally invasive procedures, and the requirement of superior imaging in orthopedic & neurological procedures are the major factors that are driving the growth of the intraoperative imaging market. However, the high cost of intraoperative imaging equipment is the major restraining factor affecting the growth of the market.
In this report, the global intraoperative imaging market is segmented based on product, application, end user, and region. On the basis of product, the market is segmented into mobile c-arms, intraoperative computed tomography, intraoperative magnetic resonance imaging, and intraoperative ultrasound. Mobile c-arms is expected to offer lucrative growth opportunities due to the high prevalence of cardiovascular diseases globally and growing number of orthopedic surgeries owing to the increasing geriatric population.
Based on application, the market is segmented into neurosurgery, orthopedic & trauma surgery, spine surgery, cardiovascular surgery and other applications. Considering the growing prevalence of neurological disorders, rising use of minimally invasive techniques for neurological procedures, and use of neurostimulation devices for the treatment of neurological disorders, the market for the neurosurgery segment is expected to register the highest CAGR during the forecast period.
Based on end user, the market is segmented into hospitals and ambulatory surgery centers (ASCs) & clinics. In 2016, the hospitals segment accounted for the largest share of the market. Factors such as growing number of patients undergoing treatments in hospitals than in clinics, implementation of government initiatives for installing intraoperative imaging systems in hospitals, and increasing number of hospitals in emerging Asian countries are driving the growth of this end-user segment.
Currently, North America dominates the intraoperative imaging market, followed by Europe. However, the Asia-Pacific market is expected to witness the highest growth during the forecast period. The high growth in this market can be attributed to infrastructural improvements in healthcare facilities, growth in the geriatric population, increasing prevalence of orthopedic disorders, and growing disposable incomes in this region.
The intraoperative imaging market is a highly competitive one, due to the presence of various well-established as well as emerging players in the market. These companies adopt various strategies (Agreements, partnerships, collaborations, product launches, and product approvals) to increase their market shares and establish a strong foothold in the global intraoperative imaging market.
Key players offering intraoperative imaging are GE Company (U.S.), Siemens AG (Germany), Koninklijke Philips N.V. (Netherlands), Ziehm Imaging GmbH (Germany), Toshiba Corporation (Japan), Medtronic (Ireland), Brainlab AG (Germany), IMRIS Deerfield Imaging (U.S.), Neurologica Corporation (U.S.), and Shimadzu Corporation (Japan).
The market study covers the global intraoperative imaging market, by product, application, end user, and region. This report also covers the drivers, restraints, opportunities, and challenges of the market along with the competitive landscape of the intraoperative imaging market.
Reasons to buy this report:
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn helps firms to garner a greater market share. Firms purchasing the report could use any one or a combination of the below-mentioned five strategies for strengthening their market shares.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on products and services offered by top players in the global intraoperative imaging market
• Product Development/Innovation: Detailed insights on research & development activities and product launches in the global intraoperative imaging market
• Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the markets for intraoperative imaging across regions
• Market Diversification: Exhaustive information about new products, recent developments, and investments in the global intraoperative imaging market
• Competitive Assessment: In-depth assessment of strategies, products, and the manufacturing capabilities of leading players in the global intraoperative imaging market