Surgical Imaging Market projected to reach USD 1.80 Billion by 2026 GE Healthcare, Koninklijke Philips, Siemens Healthineers, Ziehm Imaging, Hologic, Shimadzu Corporation, OrthoScan, Medtronic, Toshiba Medical Systems Corporation

Global Surgical Imaging Market Overview

Surgical imaging is the technique and process of creating visual representations of the interior parts of body for medical intervention and clinical analysis. It is majorly used to reveal internal structures hidden by skin and bones, as well as in diagnosis and treatment of diseases. Surgical imaging also establishes a database of normal anatomy and physiology to make it possible to identify abnormalities.

As a discipline and in its widest sense, it is part of biological imaging and incorporates radiology which uses the imaging technologies of X-ray radiography, magnetic resonance imaging, medical ultrasonography or ultrasound, endoscopy, elastography, tactile imaging, thermography, medical photography and nuclear medicine functional imaging techniques as positron emission tomography (PET) and Single-photon emission computed tomography (SPECT).

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Factors Influencing the Surgical Imaging Market

Factors that are driving the growth of the market include Rising demand for medical insurance and the aging population as well as incremental innovation of equipment and devices. There is a rise in availing of insurance which can be attributed to the increasing number of people suffering from chronic diseases and rise in the geriatric population. The government involvement in cutting down healthcare expenditure costs is also playing a major role in boosting demand for imaging devices in hospitals.

When it comes to Incremental innovation of equipment and devices, across imaging modalities, the equipment manufacturers have made astonishing progress over the last decades. In CT, higher-slice systems, iterative image reconstruction, and spectral CT have contributed to significantly increase image resolution and imaging speed while reducing the dose of both radiation and contrast necessary to obtain high-quality images. This has greatly expanded the indications of CT imaging.

Global Surgical Imaging Market Analysis

According to Verified Market Research, The Global Surgical Imaging Market was valued at USD 1.14 Billion in 2018 and is projected to reach USD 1.80 Billion by 2026, growing at a CAGR of 5.3% from 2019 to 2026. The growing patient base along with cost affordability is expected to play a major role in boosting demand for surgical imaging devices in North America. North America is therefore considered as the largest player in the market. Other regions such as the Asia Pacific are likely to expand in the coming years due to urbanization and rising disposable incomes.

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Global Surgical Imaging Market Segment Analysis

The Global Surgical Imaging market can be segmented into product and application. On the basis of product, the Surgical Imaging market is divided into Image Intensifier C-Arms, Flat Panel Detector C-Arms (FPD C-Arms). C Arm systems are X-ray image intensifiers that are used to intensify the medical images more than normal fluorescent screens. The technology is different from X-ray instruments with respect to mechanism and output. The fluoroscopy technique is the basic principle used to obtain Real-time images of the interior of any object placed on the screen. Three-dimensional (3D) C-arm computed tomography is a new and innovative imaging technique. It uses two-dimensional (2D) X-ray projections acquired with a flat-panel detector C-arm angiography system to generate CT-like images. To this end, the C-arm system performs a sweep around the patient, acquiring up to several 2D views. They serve as input for 3D cone-beam reconstruction.

By application, the market is bifurcated into Cardiovascular Surgeries, Gastrointestinal Surgeries, Orthopedic and Trauma Surgeries, Neurosurgeries and Others. Cardiovascular diseases and disorders are one of the most critical health threats prevalent globally. The increasing cases of cardiac arrests, artery blockages resulting from unhealthy lifestyle habits such as tobacco consumption are the main causes of growth in the number of cardiac patients. The usage of Surgical imaging techniques like Radionuclide imaging, C-Arms and MRI are gaining more popularity due to need of real time imaging assistance while surgeries are being performed. The healthcare sector is facing high demand for cost effective treatment measures owing to increasing cases of gastrointestinal disorders such as GERD, irritable bowel syndrome, abdominal pain, bleeding, abnormal X-rays, colitis, diverticular disease, hepatitis, cancer and ulcers. One of the most crucial parts of orthopedic treatments is the X-Ray imaging of patient’s body. However, X-Rays include harmful effects and may lead to skin disorders and loss of vitality of organ exposed. Neurological diseases such as epilepsy, multiple sclerosis, auto degenerative disorders, Alzheimer’s disease are under research. Govt. and Public Healthcare bodies are investigating and funding the treatment procedures for neurological disorders. Other crucial applications of Surgical Imaging devices are Pain Management, Urology, Radiology/Interventional and Optical/Ophthalmic surgeries.

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Some of the major players involved in the Global Surgical Imaging Market are GE Healthcare, Koninklijke Philips, Siemens Healthineers, Ziehm Imaging, Hologic, Shimadzu Corporation, OrthoScan, Medtronic, Toshiba Medical Systems Corporation, Recent Developments, Genoray and Eurocolumbus Srl. These companies will be profiled on the basis of their financials, their geographic and business segment breakdown, as well as product benchmarking. The competitive landscape section includes key development strategies and market ranking analysis of the above-mentioned players globally.

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