Image Guided Surgery Devices Market by Region, Key Manufacturers, Product Type, Cost Structure Analysis and End Users Forecast to 2023
Rising
cases of neurological disorders, increasing prevalence of chronic diseases,
increasing geriatric population and surging healthcare expenditure are some of
the key drivers for the market growth. Additionally, growing cases of cancer
and launch of technologically advanced imaging systems also supports the market
growth.
As per the
findings of the research, the CT is the largest segment, based on device type,
in the image guided surgery devices market. CT is a non-invasive, accurate and
fast diagnostic imaging test. It uses x-ray equipment to produce 3D images by
taking series of images from different angles. Each image created during the CT
procedure shows the bones, tissues and organs in a thin “slice” of the body. It
provides cross-sectional images generated during the CT scan and can be
reformatted in multiple planes. It is used for diagnosing skeletal
abnormalities, blood clots, blood vessel aneurysm and cancer. Neurology has
been the largest application area for image guided surgery devices, followed by
orthopedic surgery, ENT surgery, oncology surgery and others.
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Geographically,
North America has been the largest market for image guided surgery devices,
with the U.S. being the larger contributor to the regional market. Increasing
prevalence of neurological disorders, rising geriatric population and adoption
of technological advanced imaging techniques are some of the factors that have
been driving the growth of the North America image guided surgery devices
market. The U.K. has been the largest contributor to the European market for
image guided surgery devices, followed by Germany and France. The market is
expected to witness the fastest growth in Asia-Pacific, during 2017 - 2023,
owing to increasing cases of cancer, arthritis, neurological disorders and rising
geriatric population.
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The
increasing demand and penetration of image guided surgery devices in emerging
economies offers enormous growth opportunities for the image guided surgery
devices market. With rising economic growth and increasing government
initiatives in Asia-Pacific, the major manufacturers of image guided surgery
devices are penetrating into the untapped market in the region. Countries such
as China and India are expected to have a large growth potential for the market
during the forecast years. The healthcare industry is witnessing significant
growth in these countries. The large population base and improving healthcare
infrastructure are attracting medical devices manufacturers to develop their
manufacturing sites in these countries. Moreover, manufacturing of medical
devices in the developing regions tends to decrease the overall cost of
manufacturing, thus reducing the cost of the product without altering its
quality. Image guided surgery devices such as CT, Ultrasound, MRI, X-Ray
Fluoroscopy, Endoscopes, PET and SPECT play a vital role in the diagnosis and
treatment of several diseases. Therefore, ease of healthcare access in these
countries creates ample growth opportunities for the market.
Some of the
key players in the image
guided surgery devices market include Siemens AG, GE Healthcare,
Koninklijke Philips N.V., Canon Inc., Hitachi, Ltd., KARL STORZ GmbH & Co.
KG., Medtronic, Inc., St. Jude Medical, Inc., Varian Medical Systems, Inc.,
Smith & Nephew plc, Integra LifeSciences Corporation and Zimmer Holdings,
Inc.
GLOBAL
IMAGE GUIDED SURGERY DEVICES MARKET SEGMENTATION
By Device
Type
• Computed Tomography (CT)
• Ultrasound
• Magnetic Resonance Imaging (MRI)
• X-Ray Fluoroscopy
• Endoscopes
• Positron Emission Tomography (PET)
• Single-Photon Emission Computed
Tomography (SPECT)
By
Application
• Oncology
• Neurology
• Orthopedic Surgery
• Ear Nose Throat (ENT) Surgery
• Oncology Surgery
• Others
By Geography
• North America
o The U.S.
o Canada
• Europe
o The U.K.
o Germany
o France
o Italy
o Spain
o Rest of Europe
• Asia-Pacific
o Japan
o China
o India
o Rest of Asia-Pacific
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Middle East and Africa
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