Intraoperative Imaging Market, Analysis, Overview and Forecast Report by 2024 - GE, Siemens, Philips

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 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.

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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. 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.

The different applications of, the intraoperative imaging market are neurosurgery, cardiovascular surgery, orthopedic & trauma surgery, spine surgery, and other applications. Of all these applications, the neurosurgery application is predicted to witness the highest CAGR of 7.3% during the forecast period and accounted the largest share in the intraoperative imaging market owing to the increase in usage of minimally invasive surgeries for the neurological procedure, usage of neurostimulation device for the management of neurological disorder, and escalating occurrence of neurological disorder.

Based on end user the intraoperative imaging market is segmented into the hospital and ambulatory surgical centers (ASCs). Of all the end users, ambulatory surgical centers (ASCs) are expected to grow at the fastest rate during the forecast period, globally.

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.

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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.

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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