Global Fluoroscopy Equipment Market Trend Evaluation & Future Forecast during the Period 2017-2022

Growing prevalence of cancer in the healthcare industry has led to an upsurge in demand for radiation therapy. Surge in demand for radiation therapy in the healthcare industry is projected to boost growth of the global market. Moreover, increasing demand for security checks at the airport will fuel demand for the fluoroscopy equipment in the aviation industry globally. A recently compiled report by Fact.MR reveals that the global fluoroscopy therapy market is expected to reflect a CAGR of 4.7% in the global market of fluoroscopy equipment throughout 2022.

Cardiology to Represent a Leading Segment

With growing need for radiation therapy for cancer, demand for fluoroscopy equipment will continue to rev up in the healthcare industry. The conventional segment is expected to witness the highest revenue growth, accounting for over US$ 400 Mn by the end of 2022. However, the remote-controlled and C-arms segment is expected to register the highest CAGR in the global fluoroscopy equipment market throughout 2022.

As healthcare industry continues to witness significant adoption of fluoroscopy devices, the hospitals will continue to remain the major end users. The hospital segment is expected to represent a value of over US$ 400 Mn by the end of 2017. However, the other end users and diagnostic centers are expected to register the highest CAGR in the global fluoroscopy equipment market during the forecast period.

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Demand for fluoroscopy devices is mainly concentrated towards cardiology related treatment. The cardiology segment is expected to represent a value of over US$ 300 Mn by the end of 2022. Adoption of fluoroscopy equipment for treatment of gastroenterology is also expected to generate significant revenues. The gastroenterology segment is expected to witness the second highest growth in the global market by the end of 2022. This segment is expected to register the highest CAGR in the global fluoroscopy equipment market throughout the forecast period.

Factors Fuelling Growth of the Global Market

Emerging technology has led to several innovations including artificial intelligence, wearable, Internet of Things, and 3D printing. With rapid development, technology continues to maintain a strong grip in the healthcare industry. In a bid to offer medical devices equipped with enhanced services, manufacturers operating in the healthcare industry are increasingly integrating the advanced technology in several medical devices. A research recently conducted reveals that several manufacturers in the healthcare industry are integrating technically enhanced tools such as Google Glass and HoloLens launched by Microsoft in the medical devices that are wearable that are used for visual overlays. These wearable devices enable the end users to get information, which help in the treatment process attributed to the image guided intervention.

Besides healthcare industry, fluoroscopy devices also witness considerable adoption in the aviation industry. Adoption of fluoroscopy devices is projected to remain concentrated in the aviation industry attributed for scanning hidden weapons and bombs. Unlike the medical devices, the fluoroscopy devices used in the aviation industry have comparatively low impact of radiation on the gadgets, luggage, and food products that are scanned.

Significant Demand in the Aviation Industry

Application and adoption of fluoroscopy extends beyond the healthcare industry. Fluoroscopy devices also witness considerable demand in the airports to scan for hidden bombs and weapons. However, these devices use relatively lower doses of radiation as compared to the medical devices, which have relatively low impact on the food products, and gadgets scanned.

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Against this backdrop, there is strong need for quality in terms of manufacture, design, and distribution of these devices. While manufacturers are striving to pace with the level of quality, one marker of this gap is also due to the inspections conducted by the Food and Drugs Administration (FDA). The steady pace of non-compliance suggests that the manufacturers continue to struggle in order to match with the regulatory standards.

Table of Contents:

1. Global Fluoroscopy Equipment Market – Executive Summary

2. Global Fluoroscopy Equipment Market Overview
3. Global Fluoroscopy Equipment Market Analysis and Forecast By Product Type

4. Global Fluoroscopy Equipment Market Analysis and Forecast By End User
4.1. Global Fluoroscopy Equipment Market Size and Forecast By End User, 2012-2022
4.1.1. Hospitals Fluoroscopy Equipment Market Size and Forecast, 2012-2022
4.1.1.1. Revenue (US$ Mn) Comparison, By Region
4.1.1.2. Market Share Comparison, By Region
4.1.1.3. Y-o-Y growth Comparison, By Region
4.1.2. Diagnostic Centers Fluoroscopy Equipment Market Size and Forecast, 2012-2022
4.1.2.1. Revenue (US$ Mn) Comparison, By Region
4.1.2.2. Market Share Comparison, By Region
4.1.2.3. Y-o-Y growth Comparison, By Region

5. Global Fluoroscopy Equipment Market Analysis and Forecast By Application
5.1. Global Fluoroscopy Equipment Market Size and Forecast By Application, 2012-2022
5.1.1. Cardiology Fluoroscopy Equipment Market Size and Forecast, 2012-2022
5.1.1.1. Revenue (US$ Mn) Comparison, By Region
5.1.1.2. Market Share Comparison, By Region
5.1.1.3. Y-o-Y growth Comparison, By Region

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This release was published on openPR.