Market Size of North America Fluoroscopy Devices Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 2.21 Billion |
Market Size (2029) | USD 2.78 Billion |
CAGR (2024 - 2029) | 4.68 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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North America Fluoroscopy Devices Market Analysis
The North America Fluoroscopy Devices Market size is estimated at USD 2.21 billion in 2024, and is expected to reach USD 2.78 billion by 2029, growing at a CAGR of 4.68% during the forecast period (2024-2029).
The major factors driving the growth of the market in North America are due to the presence of established healthcare infrastructure, technological advancements, rising demand for minimally-invasive surgeries, growing geriatric population and prevalence of chronic diseases, and increasing use of fluoroscopy in pain management.
According to the World Ageing 2019 report, estimated that in 2019 there were about 53.340 million (16.2%) population aged 65 years or over in the United States. This number is projected to reach 70.842 million (20.3%) in 2030. As the number of the elderly population is expected to increase in the near future and this population is more prone to chronic conditions such as cardiovascular, neurological disorders, and other diseases which will show a positive impact on the market.
Furthermore, according to the American Heart Association Research, approximately 2,300 Americans die due to cardiovascular diseases each day, an average of one death for every 38 seconds.
Thus, owing to above factors the market is expected to show signifcant growth over the forecast period. However, the side effects associated with radiation is expected to hinder the market growth over the forecast period.