Surgical Imaging Market Size, Share & Trends Analysis Report By Modality (MRI {Magnetic Resonance Imaging}, CT {Computed Tomography}, C-arm Fluoroscopy, Ultrasound, X-ray, Others), By Application (Orthopedic Surgery, Cardiovascular Surgery, Neurosurgery, General Surgery, Other), By End-User (Hospitals, Ambulatory Surgical Centers, Specialty Clinics), Global Economy Insights, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023 - 2031
The Surgical Imaging Market size was USD 3.0 billion in 2022. Covid-19's impact on the surgical imaging market may vary based on regional factors, healthcare system resilience, and the duration and severity of the pandemic in different parts of the world. As the situation evolves, the market is expected to recover and adapt to the changing needs and priorities of the healthcare industry. Between 2023 and 2031, the market is projected to grow at a CAGR of 6.5%, from USD 3.1 billion in 2023 to USD 7.45 billion in 2031. The sudden rise in CAGR is attributed to this market growth returning to the pre-pandemic level once the pandemic is over according to a new report by Intellectual Market Insights Research.
Surgical imaging systems are used in a wide range of surgical specialties, including orthopedic surgery, cardiovascular surgery, neurosurgery, general surgery, and more. They help surgeons visualize critical structures, guide needle or instrument placement, monitor progress during surgery, and enhance precision and safety.
These imaging systems often consist of imaging equipment, such as X-ray machines, MRI scanners, CT scanners, or ultrasound machines, along with associated software and display monitors. They may be integrated with surgical navigation systems and other advanced technologies to provide real-time feedback and assist surgeons in making informed decisions.
The scope of the surgical imaging market encompasses the technologies, products, services, and applications related to surgical imaging systems. It includes a wide range of imaging modalities and associated equipment used in surgical settings to visualize and guide surgical procedures. The surgical imaging market includes various imaging modalities used in surgical settings, such as X-ray imaging, magnetic resonance imaging (MRI), computed tomography (CT), ultrasound, and fluoroscopy. Each modality has its specific applications and advantages in visualizing different anatomical structures during surgical procedures. Several key players in the market are adopting strategies such as mergers, acquisition, partnerships, and collaboration for the expansion their product portfolio. For instance,
The growing demand for minimally invasive procedures is a significant driver of the surgical imaging market. Minimally invasive procedures, also known as minimally invasive surgeries or keyhole surgeries, offer several advantages over traditional open surgeries, leading to increased patient preference and healthcare provider adoption. Surgical imaging technologies play a crucial role in facilitating and enhancing minimally invasive procedures.
Minimally invasive procedures are associated with a lower risk of complications, such as infections and post-operative complications. The precise visualization provided by surgical imaging technologies allows surgeons to navigate through delicate anatomical structures with greater accuracy and precision, minimizing the risk of inadvertent damage.
the increasing prevalence of chronic diseases is a significant driver for the demand of surgical imaging technologies. Chronic diseases, including cardiovascular disorders, cancer, and orthopedic conditions, often require surgical interventions for diagnosis, treatment, and management. Surgical imaging technologies are essential in accurately diagnosing these conditions, planning surgical procedures, and guiding surgeons during the interventions.
For cancer management, surgical imaging technologies like MRI, CT, and ultrasound are used for tumor localization, preoperative planning, and intraoperative guidance. These imaging modalities enable surgeons to precisely target and remove tumors, while minimizing damage to surrounding healthy tissues.
Breast cancer is indeed a significant health concern, and the numbers highlight the prevalence and impact of the disease. The high incidence of breast cancer underscores the importance of early detection, accurate diagnosis, and effective treatment, where surgical imaging technologies play a crucial role.
In the context of breast cancer, surgical imaging technologies like mammography, ultrasound, and MRI are commonly used for screening, diagnosis, and surgical planning. These imaging modalities help detect abnormalities in breast tissue, determine the extent and stage of the disease, and guide surgeons in planning and performing breast-conserving surgeries or mastectomies.
For instance, as per the 2022 update from Breast Cancer.org, about 13% (about 1 in 8) of U.S. women are likely to develop invasive breast cancer in 2022. As per the same source, in 2022, an estimated 287,850 new cases of invasive breast cancer are expected to be diagnosed in women in the U.S., along with 51,400 new cases of non-invasive (in situ) breast cancer.
Developing regions often face challenges in establishing and maintaining adequate healthcare infrastructure, including hospitals, clinics, and diagnostic facilities. The lack of sufficient healthcare facilities equipped with surgical imaging technologies restricts access to these advanced diagnostic and surgical tools.
Surgical imaging technologies, such as advanced imaging systems and associated software, can be expensive to acquire and maintain. The high costs associated with these technologies can act as a barrier, particularly for smaller healthcare facilities or those with limited budgets. The initial investment, ongoing maintenance, and training costs can limit the widespread adoption of surgical imaging technologies.
The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2022-2031 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Based on the modality the market is segmented into MRI (Magnetic Resonance Imaging), CT (Computed Tomography), C-arm Fluoroscopy, Ultrasound, X-ray, and others.
X-ray: X-ray is expected to be the dominant segment on account of the increasing prevalence of chronic disorders and the demand for these procedures for better disease treatment. X-ray devices are further segmented into stationary, handheld, and mobile devices.
MRI: MRI (Magnetic Resonance Imaging) plays a significant role in the surgical imaging market. It is a non-invasive imaging modality that uses a strong magnetic field and radio waves to generate detailed images of the internal structures of the body. While MRI is commonly associated with diagnostic imaging, it also has applications in surgical imaging.
Based on the application of the market is segmented into Orthopedic Surgery, Cardiovascular Surgery, Neurosurgery, General Surgery and Others.
Orthopedic Surgery: The orthopedic & trauma surgeries segment is the largest and the fastest-growing application segment in this market. This can be attributed to the increasing popularity of minimally invasive procedures in orthopedic and trauma surgeries and the advantage of 3D navigation in these surgeries using C-arms.
Neurosurgery: Neurosurgery is a specialized field within the surgical imaging market that focuses on the diagnosis and treatment of disorders affecting the nervous system, including the brain, spinal cord, and peripheral nerves. Surgical imaging technologies play a crucial role in guiding neurosurgical procedures, enabling accurate diagnosis, precise surgical planning, and real-time visualization during surgery.
Based on end user the market is segmented into Hospitals, Ambulatory Surgical Centers and Specialty Clinics.
Hospitals: Hospitals are expected to account for the largest share of the market. Hospitals play a significant role in the surgical imaging market as they are major end-users and providers of surgical imaging services. Hospitals are equipped with advanced imaging technologies and facilities to support various surgical procedures across different medical specialties.
Surgical Centers: Surgery centers are expected to account for the highest growth rate. The large share of this segment can be attributed to the rising demand for effective disease management, growing surgical procedural volumes in hospitals, and the increasing number of hospitals being set up in developing countries.
The report will cover the qualitative and quantitative data on the global surgical imaging market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.
Study Period | 2020-31 |
Base Year | 2022 |
Estimated Forecast Year | 2023-31 |
Growth Rate | CAGR of 6.5% from 2023 to 2031 |
Segmentation | By Modality, By Application, By End User, By Region |
Unit | USD Billion |
By Modality |
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By Application |
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By End User |
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By Region |
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North America has been one of the leading regions in terms of market share in the surgical imaging market. The region has a well-established healthcare infrastructure, high adoption of advanced imaging technologies, and a strong presence of key market players.
The availability of healthcare infrastructure, including hospitals and imaging centers, along with favorable reimbursement policies, facilitates access to surgical imaging services in North America. This, in turn, drives the demand for surgical imaging technologies and fuels market growth.
For instance, as per the American Cancer Society 2022 update, the number of new cancer cases diagnosed in the United States is likely to be 1,918,030 in 2022.
The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Frequently Asked Questions
Some of the major players in the global surgical imaging market include Canon Medical Systems Corporation, General Electric Company, Geonoray Co. Ltd., Hologic Inc., Koninklijke Philips N.V., Medtronic Plc, Primax International Srl, Prognosys Medical Systems Private Limited, Shimadzu Corporation, Siemens Aktiengesellschaft, Trivitron Healthcare Pvt. Ltd, Whale Imaging Inc., and Ziehm Imaging GmbH (Aton GmbH).
The segment of X-ray imaging systems has traditionally held a significant share in the market. X-ray imaging systems are widely used in surgical settings for various procedures due to their versatility, cost-effectiveness, and real-time imaging capabilities.
The growing application of surgical imaging to perform intricate surgical procedures accurately with improved ergonomics, increased efficiency, and enhanced safety is primarily driving the global surgical imaging market.
North America holds highest share in 2022.
The global surgical imaging market was valued at USD 3.0 billion in 2022. The market is expected to grow at a compound annual growth rate (CAGR) of 6.5% from 2023 to 2031, reaching a value of USD 7.45 billion by 2031.
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