Intraoperative Imaging Market to Surpass US$ 1.53 Billion Threshold by 2025, With the Introduction of New Advance Intraoperative Imaging Devices

Intraoperative imaging system (IOI) is used during surgery to get better resolution of the body section. IOI is used in various complex surgery by providing real-time imaging solution to minimize any mistakes during surgery. It includes minimally invasive surgery, orthopedic surgery, neurosurgery, interventional neurovascular procedures, repairing congenital abnormalities, removal of traumatic blood clots and aneurysm surgery. Therefore, IOI precisely assesses monitoring and helps to control of surgical procedure. Moreover, various advanced intraoperative devices used include magnetic resonance imaging (iMRI) mobile c-arms, computed tomography (CT) and ultrasound.

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The intraoperative imaging market is gaining significant traction due to rising incidence of brain tumors. For instance, according to Cancer Research UK, in 2014, approximately 10,981 new cases of brain tumors were estimated. Moreover, according to Cure Brain Cancer Foundation, 2017, around 1,600 brain cancer is estimated to be diagnosed each year in Australia. Thus, rising incidence of brain tumors indicating the need of precise treatment management, is expected to boost the growth of the intraoperative imaging market over the forecast period. Furthermore, DePuy Sythes announced its new surgical imaging system named, KICK in October 2017. The KICK system helps to enhance high resolution power in minimally invasive surgery and open surgery especially in case of spinal disorders. DePuy allowing affordable access to KICK, which would help to gain immense growth of the intraoperative imaging market. However, the high cost of intraoperative imaging system is a major restraining factor for the intraoperative imaging market.

Increasing prevalence of brain tumors and the growing need for surgery as a treatment option is expected to fuel the growth of intraoperative imaging market.

According to the Cancer Research U.K, in 2014, approximately 10,981 new cases of brain tumors, CNS, and intracranial tumors were estimated. As per Cancer Research U.K, the incidence of brain tumors is projected to rise up by 6% in between 2014 and 2035, thereby accounting for 22 cases per 100,000 people in the U.K. Moreover, according to the National Brain Tumor Society, in 2017, around 550,042 cases of benign tumors and approximately 138,054 cases of malignant tumors are estimated in the U.S. As per the National Brain Tumor Society, in 2017, around 28,000 children aged 0 to 19 years are expected to be diagnosed with the brain tumor and approximately 4,830 new cases of primary malignant and non-malignant brain and CNS tumors are expected to be diagnosed in the U.S. The data represent rising prevalence of brain tumor indicating need of surgery as treatment option, in turn contributing to the growth of the intraoperative imaging market over the forecast period.

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Introduction of new advanced technology in order to develop new strategies in the treatment

Manufacturers are focusing on innovation and new launches to tap emerging markets. For instance, in October 2017, ZEISS launched new technologies to enhance ophthalmic care, named - OPMI LUMERA 700, AT LARA next-generation Extended Depth of Focus (EDoF) intraocular lens (IOL), and CLARUS 500 ultra-widefield imaging system. ZEISS offers and integrated portfolio for ophthalmic diagnostic and surgical solution to provide more effective and efficient advanced technology for better outcomes for the patients. Furthermore, in May 2017, Colorado State University’s Flint Animal Cancer Center and Synaptive Medical Inc. have collaborated in the development of an intraoperative imaging and sensing technology. Flint and Synaptive intent to establish technology, which is expected to help in more precise detection of brain tumors and the development of new strategies in treatment. This is expected to propel the growth of the intraoperative imaging market over the forecast period.

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