Global Intraoperative Imaging Market - Analysis and Forecast to 2024, Koninklijke Philips NV, Toshiba Corporation

The global intraoperative imaging market is predicted to grow at 6.1% CAGR during the forecast period with the market size reaching USD 2.6 billion by 2024. The market is driven by the factors such as escalating awareness about intraoperative imaging, expanding the geriatric population, the mounting occurrence of chronic diseases and lifestyle associated diseases and escalating inclination towards minimally invasive surgery. Expanding the application of neurosurgery and orthopedic surgery, favorable reimbursement policies, technological advancement and escalating demand for intraoperative imaging systems are further fuelling the growth of the market.

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The mounting occurrence of chronic and lifestyle associated diseases is increasing the demand for intraoperative imaging. The intraoperative imaging helps surgeons to capture a real-time view of the organ during the surgery and assists in demanding control and monitoring of the surgical procedures. It is extensively recognized in several fields of medical sciences owing to technological advancements and high precision. Moreover, expanding geriatric population is also facilitating the growth of the market. For instance, according to the World Health Organization (WHO), globally in 2010 approximately 524 million people were aged 65 years and older and is expected to reach 1.5 billion in 2050.

North America accounted for the major share in the intraoperative imaging industry in 2017, globally owing to the mounting occurrence of chronic diseases and lifestyle associated diseases, and expanding the geriatric population. For instance, according to the U.S. Census Bureau, in 2012 approximately 43.1 million people were aged 65 years and older in the U.S. and is expected to reach 83.7 million in 2050. The demand for the minimally invasive procedure is increasing, escalating healthcare expenditure, mounting awareness of intraoperative imaging and well-developed healthcare infrastructure s are some of the factors facilitating the growth of the North American intraoperative imaging market.

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Moreover, Asia-Pacific is observed to witness the fastest growth in the intraoperative imaging market, owing to intensifying healthcare expenditure, expanding the geriatric population, the mounting occurrence of orthopedic disorder, demand for refined medical service, and mounting occurrence of chronic diseases and lifestyle associated diseases. Large population, government initiatives in establishing innovative technologies, the mounting occurrence of orthopedic disorder, and refining healthcare infrastructure are some of the factors fuelling the growth of the Asia-Pacific intraoperative imaging market.

Key players in the intraoperative imaging industry are investing in the development of advanced, which is strengthening their position in the market., Medtronic Plc, Ziehm Imaging GmbH, General Electric Company, Koninklijke Philips NV, Toshiba Corporation, Siemens AG, Brainlab AG, and Shimadzu Corporation are some of the key players offering intraoperative imaging.

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This release was published on openPR.