Surgical Imaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Surgical Imaging Market is segmented By Technology (Magnetic resonance imaging, Computed Tomography, C-Arm, Ultrasound, Other Technologies), By Application, and Geography.

Surgical Imaging Market Snapshot

Surgical Imaging Market
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 6.1 %

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Market Overview

The Surgical Imaging Market is expected to register a CAGR of 6.1% during the forecast period. Over the last decade, there has been a rise in the prevalence of several chronic diseases that need critical care diagnosis. The patients in the surgical intensive care unit frequently undergo laboratory and imaging testing. Some of the major chronic diseases include cancer, kidney failure, and heart diseases, amongst others. Several chronic diseases, such as hypertension, diabetes, obesity, and depression, amongst others, need critical care during their hospitalizations.

Chronic diseases, such as cardiovascular diseases are typically associated with the ageing process. According to the World Health Organization (WHO), globally cardiovascular diseases (CVDs) are the number one cause of death, an estimated 17.9 million each year suffer from cardiovascular diseases. Four out of five cardiovascular deaths are due to strokes and heart attacks, and one-third of deaths occur prematurely in people under 70 years of age.

With the above-mentioned statistics and statements, it is observed that the market for surgical imaging will grow due to the rising burden of chronic diseases.

Scope of the Report

As per the scope of the report, the surgical imaging is any surgical procedure where the surgeon uses tracked surgical instruments in conjunction with the preoperative or intraoperative images, in order to directly or indirectly guide the procedure. The surgical imaging market is segmented by technology, application, and geography.

By Imaging Technology
Magnetic resonance imaging
Computed Tomography
C-Arm
Fixed C-Arm
Mobile C-Arm
Ultrasound
Other Imaging Technologies
By Application
Cardiac and Vascular Surgery
Neurosurgery
Orthopedic and Trauma Surgery
Gastrointestinal Surgery
Other Applications
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

C-Arm Segment is Believed to Witness Rapid Growth Over the Forecast Period in the Surgical Imaging Market

One of the major advantages of c-arms is the ability to move around the patient for achieving the optimum angle for a high-quality image while keeping the patient comfortable. Moreover, mobile C-arms can be used across different operating rooms. These factors are ideal for smaller hospitals with significant cost constraints.

The currently available systems in mobile c-arm category vary greatly in terms of size and cost, depending upon the functionality offered for the procedures. Mobile c-arms segment also encompasses mini c-arm systems. The mini c-arms are specifically designed for extremity imaging, and have a smaller footprint along with increased mobility, compared to the full-size c-arms. They are used by extremity surgeons, such as orthopedic specialists, for imaging the feet, ankles, wrists, hands, knees, and elbows. In these cases, a mini c-arm system saves space, cost, and time, while providing satisfactory image quality at a very low dose.

As per Versus Arthritis Statistics, in 2019, it was estimated that 18% of people who were above 45 years of age in England had osteoarthritis of the knee.

C-arm manufacturers are differentiating their products on the basis of mobility, the field of view, and by including alternate imaging technologies. For instance, the FD Pulse by OrthoScan Inc. is the world’s first mini c-arm equipped with pulsed fluoroscopy.

Pertaining to these factors, the mobile c-arm segment is expected to register robust growth during the forecast period.

Surgical Imaging Market

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

The major factors driving the growth of the market in the North America region are the rising prevalence of chronic diseases and genetic disorders as well as the presence of state-of-the-art healthcare infrastructure and reimbursement availability.

According to the estimates of the American Heart Association in 2018, the cardiovascular diseases accounted for nearly 836,546 deaths in the United States (one out of every three deaths in the United States). Furthermore, as per Heart Disease & Stroke Statistical Fact Sheet 2020, estimates that a minimum of 40,000 infants is expected to be affected each year by congenital heart defects in the United States. Of these, about 25% or 2.4 (per 1,000 live births), require treatment in the first year of life. In addition, some of the significant risk factors, such as smoking, sedentary lifestyle, and high blood pressure are increasing in the United States.

Thus, the market for surgical imaging devices in the United States is expected to flourish as a result of advancing technologies, high healthcare expenditure, ageing demographic trend, evolving epidemiological patterns, and changing patient care strategies.

Surgical Imaging Market

Competitive Landscape

The Surgical Imaging Market is moderately competitive and consists of several global players. As the market is progressing, the firms are trying to achieve clear differentiation in surgical imaging systems, based on their application. Due to the requirements of high-quality imaging and operative capabilities, various customer groups are shifting toward optimized surgical imaging systems.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 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 Growing Demand of Minimally Invasive Procedures

      2. 4.2.2 Growing Burden of Chronic Diseases

    3. 4.3 Market Restraints

      1. 4.3.1 High Procedural and Equipment Costs

      2. 4.3.2 Stringent Regulatory Guidelines

    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 Imaging Technology

      1. 5.1.1 Magnetic resonance imaging

      2. 5.1.2 Computed Tomography

      3. 5.1.3 C-Arm

        1. 5.1.3.1 Fixed C-Arm

        2. 5.1.3.2 Mobile C-Arm

      4. 5.1.4 Ultrasound

      5. 5.1.5 Other Imaging Technologies

    2. 5.2 By Application

      1. 5.2.1 Cardiac and Vascular Surgery

      2. 5.2.2 Neurosurgery

      3. 5.2.3 Orthopedic and Trauma Surgery

      4. 5.2.4 Gastrointestinal Surgery

      5. 5.2.5 Other Applications

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Canon Medical Systems Corporation

      2. 6.1.2 GE Healthcare (GE Company)

      3. 6.1.3 Geonoray Co. Ltd

      4. 6.1.4 Hologic Inc.

      5. 6.1.5 Koninklijke Philips NV

      6. 6.1.6 Medtronic PLC

      7. 6.1.7 Orthoscan Inc.

      8. 6.1.8 Seimens AG

      9. 6.1.9 Shimadzu Corporation

      10. 6.1.10 Ziehm Imaging

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

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

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Frequently Asked Questions

The Surgical Imaging Market market is studied from 2018 - 2026.

The Surgical Imaging Market is growing at a CAGR of 6.1% over the next 5 years.

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

North America holds highest share in 2020.

Canon Medical Systems Corporation, Medtronic Plc, Seimens AG, Hologic Inc, GE Healthcare (GE Company) are the major companies operating in Surgical Imaging Market.

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