Image Guided Surgery Devices Market

1. Image Guided Surgery Devices Market The global image-guided surgery devices market is predicted to grow at 7.1% CAGR during the forecast period with the market size reaching USD 6.3 billion by 2024. Various products such as X-ray fluoroscopy, computed tomography, computed tomography with single-photon emission, magnetic resonance imaging, and ultrasound are significant contributors to the market size of image-guided surgery devices. Over the last few years, the industry has seen substantial demand for computed tomography as it is used to detect vascular disorders, tumours, and skeletal abnormalities. By Product, the upsurge in the precision of the operating procedure has led to the fastest growth of the magnetic resonance imaging segment during the historical period, which is also predicted to continue during the forecast period. By Application, orthopaedic surgery category is predicted to witness the highest CAGR during the forecast period due to expanding the geriatric population, and mounting occurrence of road accidents. By End user, the market is segmented into hospitals, ambulatory surgical centers (ASCs), and others. ASCs is expected to grow at the fastest CAGR of 8.3% during the forecast period, globally. The growing prevalence of neurological diseases, the increasing demand and penetration of image-guided surgery devices in emerging countries, the expansion of the geriatric population, the rise of healthcare understanding, and the intensification of healthcare spending are the main factors contributing to the growth of the global market for image- guided surgery devices. In addition, the geriatric population is vulnerable to neurological disorders, poor immunity makes it difficult for them to recover from the side effects of invasive procedures, so the need for non-invasive surgery is growing through image-guided surgery devices.

2. Some of the other key factors driving the growth of the industry are the mounting occurrence of chronic diseases such as cancer, and technological developments in medical imaging. Recent News: In June 2018, Royal Philips acquired EPD Solutions, to improve its product portfolio of image-guided procedures for cardiac arrhythmias. Competitive Insights: Siemens AG, Koninklijke Philips N.V, Medtronic Plc, Stryker Corporation, Hitachi, Ltd., Varian Medical Systems, Inc., Smith & Nephew plc, KARL STORZ GmbH & Co. KG., Zimmer Holdings, Inc., and General Electric are some of the key players offering solutions for image- guided surgery devices. VynZ Research Call: +91-996-028-8381 Toll-Free (U.S. and Canada): +1-888-253-3960 Email: enquiry@vynzresearch.com Web: https://www.vynzresearch.com Connect with Us:LinkedIn | Facebook | Twitter