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Image-Guided Surgery Devices Market is expected to grow exponentially at a CAGR of 5.81% during the forecast period from 2023 to 2028, estimates DelveInsight

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Image-Guided Surgery Devices Market is expected to grow exponentially at a CAGR of 5.81% during the forecast period from 2023 to 2028, estimates DelveInsight

August 26
04:40 2023
Image-Guided Surgery Devices Market is expected to grow exponentially at a CAGR of 5.81% during the forecast period from 2023 to 2028, estimates DelveInsight
Image-Guided Surgery Devices Market

The global Image-Guided Surgery Devices Market was valued at USD 5,540.87 million in 2021 and growing at a CAGR of 5.81% during the forecast period from 2023 to 2028, it is expected to reach USD 7,765.22 million by 2028. 

Some of the key factors expected to drive the Image-Guided Surgery Devices Market include the rising burden of the geriatric population who are susceptible to developing various disorders, the increasing prevalence of chronic disorders, the growing number of product approvals, and technological advancements in the product arena, among others will contribute to the global Image-Guided Surgery Systems Market growth in the coming years. The leading companies in the Image-Guided Surgery Devices Market include Koninklijke Philips N.V., Medtronic, Siemens Healthineers, General Electric Company, Varian Medical Systems, Inc., Brainlab AG, Quest Photonic Devices (Olympus), Stryker, Abbott, inomed Medizintechnik GmbH, Accuray Incorporated, medPhoton GmbH, 7D Surgical, OnLume Inc., IMRIS, Shimadzu Corporation, FUJIFILM Holdings, Nanjing Perlove Medical Equipment Co., Ltd., Allengers, Elekta AB, and others.

 

DelveInsight’s Image-Guided Surgery Devices Market” research report provides the current and forecasted Image-Guided Surgery Devices Market trends for the next five years, upcoming innovations in the segment, and individual market shares, challenges, drivers & barriers, and key competitors in the market.

 

Interested in knowing how the Image-Guided Surgery Devices Market will be growing by 2028? Click to get a snapshot of the Image-Guided Surgery Devices Market Analysis.

 

Image-Guided Surgery Devices Overview

Image-Guided Surgery systems offer real-time monitoring during surgery, thereby helping healthcare professionals in reducing the procedure time and chances of errors. Image-Guided Surgery systems have revolutionized conventional surgical techniques by providing a precise treatment guidance system that can help ensure the safety of vital structures while maintaining the best outcome for patients. Various devices such as endoscopes, ultrasound, MRI, and others could be used for image-guided surgeries. 

 

DelveInsight’s “Image-Guided Surgery Devices Market” provides an in-depth into the devices categorized by product type (ultrasound, endoscope, magnetic resonance imaging [MRI], computed tomography [CT], X-Ray fluoroscopy, others), by application (neurology, oncology surgery, ent surgery, orthopedic surgery, others), by end-user (hospitals, specialty clinics, and others), and by geography (North America, Europe, Asia-pacific, and rest of the world).

Computed tomography (CT), commonly referred to as a CT scan is a safe, quick imaging test to show layers of your body’s structures in great detail.  A CT scan is a diagnostic imaging procedure that uses a combination of X-rays and computer technology to produce images of the inside of the body including the bones, muscles, organs, and blood vessels. ​Fluorescence-guided technology is a lifesaving imaging technique that lights up tumors and cancer cells as well as nerves and other anatomical features in the body.

In the image-guided surgery devices product segment, the endoscopes segment is anticipated to hold a significant market during the forecast period. The rise in cases of gastrointestinal disorders, cancers, and renal disorders, among others, will also increase the demand for endoscope-guided surgery in the coming years. 

 

Image-Guided Surgery Devices Market Analysis

Image-Guided Surgery Devices Market is expected to grow in the coming years owing to the increase in the prevalence and incidence of chronic disorders such as neurological disorders, cardiovascular disorders, and cancers, among others across the globe and the rise in the demand for image-guided surgery devices to improve surgical outcomes. The ongoing clinical trials by the research institutes for developing endoscopic imaging techniques for precise oncology treatment is another major factor expected to drive the Image-Guided Surgery Devices Market growth.

Additionally, the rising technological advancements such as higher resolution imaging, 3D imaging, and usage of robotics have allowed practitioners for carrying out more effective and accurate surgeries which reduces the length of hospitalization and also lowered the risk of revision surgeries is expected to contribute to the increasing demand for image-guided surgery systems. 

Thus, the rising prevalence of diseases and increasing advancement in the existing image-guided surgery devices for improved surgical outcomes are anticipated to propel the image-guided surgery devices market in the coming years.

 

Interested to know more about the ongoing developments in the Global Image-Guided Surgery Devices Market? Visit to get an in-depth insight into Image-Guided Surgery Devices Types and Emerging Products

 

Image-Guided Surgery Devices – Global and Regional Market Assessment

As per DelveInsight, in terms of revenue share North America currently leads the global Image-Guided Surgery Devices Market and is projected to hold its leading position in the coming years as well. This domination is owing to the rapidly growing old age population in the region such as the US, in comparison to previous years which is also the key factor contributing to the rising market for Image-Guided Surgery Systems. As per the U.S. Census Bureau (2020), the 65-and-older population in the US grew by 3.2% (1,688,924) from 2018 to 2019. Also, as per the 2022 data revealed by the Government of Canada, approximately 7,081,792 persons were aged 65 years and above in Canada in the year 2021. 

Further, the growth in the strategic business activities in the region such as company collaborations, acquisitions, product launches, and approval, among others are also expected to propel the market for image-guided surgery systems in the region. 

Overall, the growth in the geriatric population in the region coupled with an increase in strategic business activities by the companies will greatly influence the regional Image-Guided Surgery Devices Market.

 

To know more about why North America is leading the market growth in the Image-Guided Surgery Devices market, get a snapshot of the reporImage-Guided Surgery Devices market

 

Image-Guided Surgery Devices Market- Recent Breakthroughs & key Innovations

Over the years, the Image-Guided Surgery Devices Market has evolved immensely due to the active participation of the global MedTech companies and the technological advancements in the domain.

 

Here are a few of the major developments in the Image-Guided Surgery Devices Market- 

  • In August 2021, Lightpoint Medical and Telix Pharmaceuticals entered into a strategic partnership agreement to explore the potential of integrating their technologies for radio-guided surgery (RGS) to spot cancer in real-time.
  • In December 2020, Philips collaborated with InSightec to expand access to MR-guided focused ultrasound for incision-less neurosurgery. Under this collaboration partnership, the companies are focused to develop compatibility between Philips’ advanced MR systems and the Exablate Neuro platform.
  • In December 2020, medPhoton GmbH received FDA approval for its Mobile ImagingRing System which is a robotic digital X-ray system enabling image-guided operations in medical fields such as general surgery, traumatology, and orthopedics, neurology, or radiotherapy. 

Thus, owing to such developments in the market, there will be rapid growth in the Image-Guided Surgery Systems market during the forecast period.

 

Key Companies In the Image-Guided Surgery Devices Market

Some of the key market players operating in the Image-guided Surgery Devices market include Koninklijke Philips N.V. (NYSE: PHG), Medtronic (NYSE: MDT), Siemens Healthineers (OTCMKTS: SMMNY), General Electric Company (NYSE: GE), Varian Medical Systems, Inc., Brainlab AG, Quest Photonic Devices (Olympus), Stryker (NYSE: SYK), Abbott (NYSE: ABT), Inomed Medizintechnik GmbH, Accuray Incorporated (NASDAQ: ARAY), medPhoton GmbH, 7D Surgical,  OnLume Inc., IMRIS, Shimadzu Corporation (TYO: 7701), FUJIFILM Holdings (OTCMKTS: FUJIY), Nanjing Perlove Medical Equipment Co., Ltd., Allengers, Elekta AB (OTCMKTS: EKTAY), and others.

As per DelveInsight, due to the very high growth rate and positive return, several new players are expected to enter the Image-Guided Surgery Devices Market in the coming years. The entry of new players and the launch of the emerging players will immensely drive the Image-Guided Surgery Devices Market growth.

 

Learn how new players’ entries will transform the Image-Guided Surgery Devices Market in the coming years @ Image-Guided Surgery Devices Competitive Landscape.

 

Covid-19 Impact on Image-Guided Surgery Devices Market

The COVID-19 pandemic has had a substantial effect on the image-guided surgery devices market. This is because surgery increases the risk of transmission of the infection as surgery involves cutting, abrading, and suturing which cannot be performed without coming in contact. Therefore, to avoid infection transmission patients avoided visiting hospitals. Also, stringent guidelines implemented by various governments across the globe, delays in various elective surgeries, and a halt in manufacturing facilities, among others have slowed down the market for image-guided surgery devices. However, the global launch of different vaccines and implementation of a mass vaccination drive is expected to normalize the market growth in the post-pandemic situation.

 

Image-Guided Surgery Devices Market Scope

  • Geography Covered: Global
  • Study Period: 2020-2028
  • By Product Type – Endoscopes, Ultrasound Systems, Magnetic Resonance Imaging (MRI) Systems, Computed Tomography (CT) Systems, X-ray Fluoroscopy Systems, and other Product Types
  • By Application – Neurology, Orthopedic Surgery, Ear Nose Throat (ENT) Surgery, Oncology Surgery, and Other
  • By End-user – Hospitals, Specialty Clinics, and Others
  • By Geography – North America, Europe, Asia-Pacific, and Rest of World
  • Porter’s Five Forces Analysis, Product Profiles, Case Studies, KOL’s Views, Analyst’s View

 

Table of Contents 

1. Report Introduction

2. Executive summary

3. Regulatory and Patent Analysis

4. Image-Guided Surgery Devices Market Key factors analysis

5. Image-Guided Surgery Devices Porter’s Five Forces Analysis

6. COVID-19 Impact Analysis on Image-Guided Surgery Devices Market

7. Image-Guided Surgery Devices Market Layout

8. Image-Guided Surgery Devices Global Company Share Analysis – Key 3-5 Companies

9. Image-Guided Surgery Devices Product Profiles and Key Companies

10. Project Approach

11. KOL Views

12. DelveInsight Capabilities

13. Disclaimer

14. About DelveInsight

 

Reach out to us to get a more detailed overview of the Image-Guided Surgery Devices Regulatory & Patent Analysis.

 

Key Takeaways From the Image-Guided Surgery Devices Market Report Study

  • In-depth analysis of the Image-Guided Surgery Devices Market size, share, and key trends.
  • Comprehensive analysis of current Image-Guided Surgery Devices Market size (2020) and market forecast for 5 years (2023-2028)
  • The effect of the COVID-19 pandemic on the Image-Guided Surgery Devices Market is significant. To capture and analyze suitable indicators, our experts are closely watching the Image-Guided Surgery Devices Market.
  • Top key product/services/technology developments, mergers, acquisitions, partnerships, and joint ventures happened over the last 3 years
  • Key companies dominating the Global Image-Guided Surgery Devices Market.
  • Various opportunities are available for the other competitors in the Image-Guided Surgery Devices Market space.
  • What are the top-performing segments in 2020? How these segments will perform in 2028.
  • Which are the top-performing regions and countries in the current Image-Guided Surgery Devices Market scenario?
  • Which are the regions and countries where companies should have concentrated on opportunities for Image-Guided Surgery Devices Market growth in the coming future?

 

About DelveInsight

DelveInsight is a leading Business Consultant and Market Research firm focused exclusively on life sciences. It supports Pharma companies by providing comprehensive end-to-end solutions to improve their performance.  

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