Key factors driving growth of surgical imaging market are growing popularity of Flat Panel Detector C-arms (FPD C-arms) owing to advantages of FPDs over image intensifiers, reimbursement cuts on analog radiography systems, and increasing demand for minimally invasive procedures.
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In surgical imaging report, the market is segmented on the basis of technology, application, and region. On the basis of technology, the global market is segmented into image intensifier C-arms and Flat Panel Detector C-arms (FPD C-arms).
The FPD C-arms segment is expected to register the highest CAGR during the forecast period.
The high growth in this segment can be attributed to the increasing demand for minimally invasive procedures and the advantages offered by FPD C-arms such as better image quality and lower radiation exposure.
2 Market Share Analysis, 2016
3 Competitive Scenario
4 Agreements, Collaborations, Alliances & Partnerships
5 Product Launches, Approvals, & Enhancements
7 Other Strategies
Surgical imaging market is segmented into orthopedic and trauma surgeries, neurosurgeries, cardiovascular surgeries, gastrointestinal surgeries, & other applications (urologic surgeries, endobronchial & thoracic surgeries, and maxillofacial surgeries). Orthopedic & trauma surgeries segment is expected to account for the largest share and register highest CAGR during forecast period.
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Asia Pacific is expected to grow at the highest CAGR during the forecast period of 2017–2022. Factors such as rapid growth in geriatric population in Japan, healthcare reforms in China, improving healthcare infrastructure in India, and rising number of orthopedic and CVD procedures in Australia are expected to drive market growth during the forecast period.
The geographic segments in this report include North America, Europe, Asia Pacific, and RoW. Of these, the North American segment is expected to account for the largest share of the market in 2017.
The large share of this region can be attributed to a rising number of overuse sports injuries, and rising prevalence of CVD, along with the increasing number of cardiac arrest cases, and increase in the number of minimally invasive procedures performed in Canada.
- C-arm manufacturers and distributors
- Healthcare institutions (hospitals, medical schools, group practices, individual surgeons, and governing bodies)
- Medical device vendors/service providers
- Research institutes
- Niche companies manufacturing imaging systems
- Research and consulting firms
- Venture capitalists
GE Healthcare (US), Koninklijke Philips (Netherlands), Siemens (Germany), and Ziehm Imaging (Germany) are the key players in the surgical imaging market. Other players involved in this market are Hologic (US), Shimadzu Corporation (Japan), OrthoScan (US), Medtronic (US), Toshiba Medical Systems Corporation (Japan), GENORAY (South Korea), Eurocolumbus (Italy), and Allengers Medical Systems (India).
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The high cost of C-arms is likely to restrain market growth. In addition to the huge purchases cost, these equipment have several other direct expenses for printers and DICOM boxes, which results in an overall increase in the total cost of ownership.
Due to the requirement of significant capital expenditure, many small and medium-sized institutions find it hard to purchase C-arms.
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