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Surgical Imaging Market - Global Industry Segmentation | Future Forecasts

The base year considered for the study is 2016, and the forecast has been provided for the period between 2017 and 2022.

The key factors driving the growth of Surgical Imaging Applications 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. The growing demand for data integrated imaging systems and high growth in emerging markets like Asia Pacific is an opportunity for the market to grow.

The overall surgical imaging market is expected to grow from USD 1.25 billion by 2017 to USD 1.63 billion in 2022, at a CAGR of 5.5% from 2017 to 2022.

Target Audience:

C-arms 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.

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By application, the orthopedic and trauma surgeries segment is expected to command the largest share of the market in 2017

On the basis of application, the market has been segmented into orthopedic and trauma surgeries, neurosurgeries, cardiovascular surgeries, gastrointestinal surgeries, and other applications (urology and endobronchial & thoracic surgery). The orthopedic and trauma surgeries segment is expected to command the largest share of the market in 2017. The large share and high growth of this segment can be attributed to factors such as increasing popularity of minimally invasive procedures in orthopedic and trauma surgeries and the advantage of 3D navigation with the use of C-arms.

Critical questions the report answers:

Where will all these developments take the industry in the mid to long term?
What are the upcoming industry applications for surgical imaging?

North America to dominate the market in 2017

North America is expected to account for the largest share of the Surgical Imaging Applications Market in 2017, followed by Europe, Asia Pacific (APAC), and the Rest of the World. 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. 

However, Asia Pacific is expected to register the highest CAGR of 7.1% during the forecast period, owing to the 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.

Major Market Developments:

In 2017, Koninklijke Philips partnered with Government of Kenya and the United Nations to Establish the SDG (Sustainable Development Goals) Partnership Platform in Kenya to make primary healthcare more accessible.

# In 2017, Koninklijke Philips established its first innovation center in Moscow, Russia.

In 2017, Siemens Received US FDA approval for its Cios Fusion, Cios Connect, and Cios Select.

In 2017, Ziehm Imaging Launched the new version of Ziehm Vision FD with a complementary metal oxide semiconductor (CMOS) flat-panel detector and a new CMOS flat-panel detector which allows for display of smaller pixels in the same quality.

In 2016, Shimadzu Corporation established an indirectly-owned subsidiary—Shimadzu Malaysia Sdn Bhd.

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Major Industry Leaders:

The surgical imaging market is emerging and fragmented in nature with various regional and international players. In 2016, the surgical imaging market was dominated by a few large players and several small players.

Players in this market compete with each other to deliver superior quality products that are technologically advanced and to provide well-regulated customer service functions. Major companies in this market are GE Healthcare (UK), Siemens AG (Germany), Koninklijke Philips (Netherlands), and Ziehm Imaging (Germany).

Agreements, collaborations, alliances, and partnerships were the key strategies adopted by players from 2014–2017.

The players that adopted these strategies are Koninklijke Philips, Ziehm Imaging, GE Healthcare, Siemens, OrthoScan, Toshiba Medical Systems, and Medtronic. Koninklijke Philips accounted for a share of 38% of the total number of agreements, collaborations, alliances, and partnerships in the surgical imaging market. This high share of the company can be attributed to its increasing number of partnerships and collaborations with hospitals which are the primary end users of C-arms.

GE Healthcare (US), Koninklijke Philips (Netherlands), Siemens (Germany), and Ziehm Imaging (Germany) are the key players in the Surgical Imaging Applications 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).


on August 10 at 8:08

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