Overview and Scope
Image guided surgery devices refer to a device used for conducting surgery using computerized systems that are highly sophisticated and provides three-dimensional images of the patient’s anatomy. Image-guided surgery devices are used by surgeons to get real-time images of the inside of the patient’s body during surgery.
Sizing and Forecast
The image guided surgery devices market size has grown rapidly in recent years. It will grow from $8.23 billion in 2023 to $9.1 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to rising prevalence of chronic diseases, expanding applications, healthcare infrastructure development, increasing awareness among healthcare professionals, regulatory support and approvals.
The image guided surgery devices market size is expected to see rapid growth in the next few years. It will grow to $14.05 billion in 2028 at a compound annual growth rate (CAGR) of 11.5%. The growth in the forecast period can be attributed to market expansion in emerging economies, patient preference for minimally invasive procedures, customization and personalization of treatments, global health challenges and preparedness, collaborations and partnerships. Major trends in the forecast period include continued technological innovations, integration with artificial intelligence, technological advancements, global market expansion, increasing adoption of robotics.
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Segmentation & Regional Insights
The image guided surgery devices market covered in this report is segmented –
1) By Product: Image Guided Surgery Devices, Image Guided Surgery Software
2) By Device Type: CT, Ultrasound, MRI, X-Ray, Fluoroscopy, Endoscopes, PET, SPECT,
3) By Application: Cardiac Surgery, Neurosurgery, Orthopedic Surgery, Urology, Oncology Surgery, Gastroenterology, Other Applications
4) By End User: Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Research And Academic Institutions
North America was the largest region in the image guided surgery devices market in 2023. The regions covered in the image guided surgery devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Rising neurological disorders are expected to propel the growth of the image guided surgery devices market going forward. Neurological disorders are disorders and diseases that affect the central and peripheral nervous systems. Image-guided surgery devices are used to perform minimally invasive surgeries to treat neurological conditions such as brain tumors or to conduct brain biopsies. For instance, in May 2022, according to the European Academy of Neurology, an Austria-based non-profit medical society, 1 in 3 people affected by a neurological disease at some point in their life and the number of deaths by neurological conditions has increased by almost 40% in the last 30 years. Furthermore, in May 2022, according to The European Academy of Neurology, a Europe-based non-profit organization, neurological disorder affects 1 in 3 persons at some time in their lives. Therefore, rising neurological disorders are driving the growth of the image guided surgery devices market.
Key Industry Players
Major companies operating in the image guided surgery devices market report are General Electric Company, Medtronic Plc., Olympus Corporation, Siemens Healthineers, Koninklijke Philips N.V., Brainlab AG, Karl Storz Gmbh & Co. KG, Stryker Corporation, Varian Medical Systems Inc., Hitachi Medical Corporation, Analogic Corporation, Zimmer Biomet Holdings Inc., Smith and Nephew Plc, FUJIFILM Holdings Corporation, Shimadzu Corporation, Intuitive Surgical Inc., Canon Medical Systems Corporation, Synaptive Medical, Sienna Cancer Diagnostics, Accuray Incorporated, ClaroNav Inc., PathAI, Merge Healthcare Inc., CureMetric Health Tech, Mirada Medical Ltd., Navigation Sciences, Elekta AB, XION GmbH, Northern Digital Inc., Fiagon AG Medical Technologies
The image guided surgery devices market report table of contents includes:
1. Executive Summary
2. Image Guided Surgery Devices Market Characteristics
3. Image Guided Surgery Devices Market Trends And Strategies
4. Image Guided Surgery Devices Market – Macro Economic Scenario
5. Global Image Guided Surgery Devices Market Size and Growth
….
31. Global Image Guided Surgery Devices Market Competitive Benchmarking
32. Global Image Guided Surgery Devices Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Image Guided Surgery Devices Market
34. Image Guided Surgery Devices Market Future Outlook and Potential Analysis
35. Appendix
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