Image Guided Therapy System Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Image-Guided Therapy System Market is segmented By Product Type (Ultrasound Systems, Computed Tomography (CT) Scanners, Magnetic Resonance Imaging (MRI), Endoscopes, Positron Emission Tomography (PET) and Others), Application, End-user and Geography

Market Snapshot

Image-Guided Therapy System Market Size
Study Period: 2018 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 6.5 %
Image-Guided Therapy System Market Major Players

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Market Overview

The Image-Guided Therapy System Market is expected to register a CAGR of 6.5% during the forecast period. The several factors such as a rise in the geriatric population, an increase in the burden of chronic diseases and an increase in a number of initiatives for cancer radiotherapy are propelling the growth of the image-guided therapy system. 

An increase in the geriatric population will lead to many chronic conditions such as hypertension, high cholesterol, cancer and many more which further has a high chance of adopting image-guided therapy system as the population is more inclined towards minimally invasive procedures. Moreover, minimally invasive image-guided therapies are prefered more as they reduce postoperative complications and controls the healthcare cost. 

For instance, a company Siemens Healthcare Private Limited has launched Nexaris Angio-CT (image-guided therapy system) for integrating multimodal imaging in interventional radiology and surgery. Furthermore, shifting preference to minimally invasive procedures with technological advancements in image-guided therapy system are the key driving factors propelling the overall market.

Scope of the Report

As per the scope of the report, image-guided therapy system is a diagnostic technology that is used in minimally invasive procedures. This system is a different and a new approach to surgical intervention that enables the use of imaging platform to plan, perform and evaluate the surgical procedures. 

By Product Type
Ultrasound Systems
Computed Tomography (CT) Scanners
Magnetic Resonance Imaging (MRI)
Endoscopes
Positron Emission Tomography (PET)
Others
By Application
Neurosurgery
Cardiac Surgery
Urology
Orthopedic Surgery
Others
By End-user
Hospitals
Ambulatory Surgery Centers
Clinics
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Endoscopes Segment is Expected to Hold a Significant Market Share in the Image Guided Therapy System Market

The growing incidences of cancer and gastrointestinal diseases have been attributed to an increase in demand for the interventional endoscopic system thus leading to drive the segment growth in image-guided therapy system. The high volume of endoscope guided surgeries with increased adoption of robot-assisted endoscopic guided surgeries for diagnosis purposes are some more key driving factors for the market. 

Moreover, technologically advanced endoscopies with many product developments and launches helps to trigger the endoscopy segment. For example, Neoguide, Aer-O-scope, Invendoscope are under clinical development. In addition to this in 2017, Apollo Endosurgery got approval from the Food and Drug Administration (FDA) for the endoscopic suturing system, overstitch Sx for soft tissue approximation and endoscopic placement for sutures.

in addition, the magnetic resonance imaging-guided therapy segment is also showing significant market growth as these therapies are widely used in neurology, radiation oncology, and trauma care. Thus the increasing the number of diseases will lead to the adoption of these systems that will further boost the overall market.

Image-Guided Therapy System Market Share

North America is Expected to Hold a Significant Share in the Market and is Expected to do Same in the Forecast Period

North America is expected to hold a significant market share in the global image-guided therapy system market attributing to the well-established healthcare infrastructure, quick adoption of advanced radiation therapies with technological advancements. 

Moreover with the increasing ageing population with rising cases of chronic diseases and value-based reimbursements in this region will raise the high demand for minimally invasive procedures, thus promoting the growth of image-guided therapy system market.

Image-Guided Therapy System Market Analysis

Competitive Landscape

Some of the companies that are currently dominating the image-guided therapy system market are Siemens Healthcare Private Limited, Koninklijke Philips N.V., Analogic Corporation, Medtronic, KARL STORZ SE & Co. KG and Stryker Corporation. The new product developments and M&A activities are the key strategies adopted by these companies.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increase in the Geriatric Population

      2. 4.2.2 Rising Burden of Chronic Diseases

      3. 4.2.3 Increase in the Number of Initiatives for Cancer Radiotherapy

    3. 4.3 Market Restraints

      1. 4.3.1 High Price of Image-Guided Therapy Systems

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Ultrasound Systems

      2. 5.1.2 Computed Tomography (CT) Scanners

      3. 5.1.3 Magnetic Resonance Imaging (MRI)

      4. 5.1.4 Endoscopes

      5. 5.1.5 Positron Emission Tomography (PET)

      6. 5.1.6 Others

    2. 5.2 By Application

      1. 5.2.1 Neurosurgery

      2. 5.2.2 Cardiac Surgery

      3. 5.2.3 Urology

      4. 5.2.4 Orthopedic Surgery

      5. 5.2.5 Others

    3. 5.3 By End-user

      1. 5.3.1 Hospitals

      2. 5.3.2 Ambulatory Surgery Centers

      3. 5.3.3 Clinics

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle-East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Siemens Healthineers

      2. 6.1.2 Koninklijke Philips N.V.

      3. 6.1.3 GE Healthcare

      4. 6.1.4 Analogic Corporation

      5. 6.1.5 Brainlab

      6. 6.1.6 Medtronic Plc

      7. 6.1.7 Varian Medical Systems, Inc

      8. 6.1.8 KARL STORZ SE & Co. KG

      9. 6.1.9 Stryker Corporation

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The undefined market is studied from 2018 - 2026.

The undefined is growing at a CAGR of 6.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Koninklijke Philips N.V., Analogic Corporation, Brainlab, GE Healthcare, Siemens Healthineers are the major companies operating in undefined.

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