Market Trends of North America C-Arms Industry
This section covers the major market trends shaping the North America C-Arms Market according to our research experts:
C-Arm Application in Cardiology is Expected to Hold a Significant Market Share Over the Forecast Period
- C-arm computed tomography in cardiac imaging offers the potential for three-dimensional imaging of the cardiac anatomy within the interventional environment. This detailed view is necessary to support complex interventional strategies, such as transcutaneous valve replacement, interventional therapy ofaatrial fibrillation, implantation of biventricular pacemakers, and assessment of myocardial perfusion.
- The large prevalence of cardiac disorders and the growing geriatric population in the region is expected to boost the market segment growth. For instance, the Heart and Stroke Foundation (HSF) of Canada in February 2022 indicated that over 750,000 people were living with a type of heart failure in Canada. Also, every year, over 100,000 people are diagnosed with heart failure condition in the country. The article also estimated that by 2030, the healthcare costs associated with heart failure in Canada are expected to reach USD 2.8 billion per year. The large prevalence of heart conditions in the nation is likely to boost the demand for c-arms, which is expected to propel the growth of the studied market segment over the forecast period.
- In addition, the recent product launches and collaborations in the region are expected to boost the market's growth. For instance, in April 2022, GE Healthcare and Medtronic PLC signed a collaboration focused on the unique needs and demand for care at Ambulatory Surgery Centers (ASCs) and Office Based Labs (OBLs). Fixed c-arm imaging systems have been used more and more frequently in ASCs and OBLs for cardiac and peripheral vascular procedures. Such activities are likely to propel the market growth during the forecast period.
- Thus, the cardiology segment in the North American c-arms market is expected to have significant growth over the forecast period owing to a high burden of cardiac diseases and strategic initiatives taken by the market players and others.
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United States is Expected to Hold a Significant Share in the Market Over the Forecast Period
- The United States is expected to hold a significant share of the North American c-arms market, owing to the large number of people affected by heart conditions and the rising investments in the healthcare sector. The huge prevalence of chronic diseases in the nation, along with the rising geriatric population, is expected to boost the growth of the studied market during the forecast period.
- For instance, as per the 2021 America's Health Rankings data, over 54 million people over the age of 65 are living in the United States, comprising 16.5% of the total population. It was projected that the nation's total number of adults aged 65 and older will rise to an estimated 85.7 million by the year 2050. The elderly population is more prone to chronic diseases owing to weakened immunity and other age-associated degenerative factors. Thus, the rising geriatric population is expected to boost the market growth in the nation over the forecast period.
- Also, the country's increasing prevalence of heart diseases is likely to add to the growth of the studied market over the forecast period. For instance, as per the CDC Data and Statistics on Congenital Heart Defects, updated in January 2022, congenital heart defect (CHD) was the most common type of congenital disability in the United States, which affects nearly 1%, or about 40,000 births per year. Some mild CHDs are increasing, while the prevalence of other types has remained stable. In addition to the same source, at least 15% of all CHDs are associated with genetic conditions.
- The wide application of C-arms in cardiovascular surgeries is likely to boost the growth of the studied market over the forecast period.The recent product launches in the United States are also expected to boost the growth of the studied market over the forecast period.
- For instance, in November 2021, Fujifilm Healthcare Americas launched the Persona CS mobile fluoroscopy system, its new, compact mobile c-arm imaging solution designed for rapid and seamless positioning in the operating room (OR) environments. The newly launched Persona CS has a powerful 5kW onboard generator that provides more than twice the power of typical compact c-arms, helping in improved image quality and x-ray scans for all patients. Such product launches are likely to add to the growth of the c-arms market in the country during the forecast period.
- Thus, the growing burden of diseases coupled with the launch of products in the country contributes to the significant growth in the United States in the studied market over the forecast period.
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