The global surgical imaging market is projected to reach USD 1.63 Billion by 2022 from an estimated value of USD 1.25 Billion in 2017, at a CAGR of 5.5%. Based on application, the surgical imaging market is segmented into orthopedic and trauma surgeries, neurosurgeries, cardiovascular surgeries, gastrointestinal surgeries, and other applications (urology and end bronchial & thoracic surgery).
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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.
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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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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.
- 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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