Fluoroscopy Equipment Market | Ongoing Trends and Recent Developments | Major Key Players like Siemens Healthineers (Germany), GE Healthcare (US), Philips (Netherlands)

Growth in the fluoroscopy equipment market is attributed to factors such as advantages of FPDs over image intensifiers, the use of fluoroscopy in pain management, reimbursement cuts for analog radiography systems, rising geriatric population, and the growing prevalence of chronic diseases.

What the Fluoroscopy Equipment Market Looks Like?

Predicted to grow at a CAGR of 4.4% during the forecast period, the global Fluoroscopy Equipment Market is estimated to reach USD 7.1 billion by the end of 2024. In 2018, North America held the largest share of the Fluoroscopy Equipment.

On the basis of product, the fluoroscopy equipment market is segmented into fixed C-arms, fluoroscopy systems, and mobile C-arms. The fixed C-arms segment accounted for the largest share of the fluoroscopy equipment market in 2018. The large share of this segment can be attributed to the increasing use of fluoroscopic imaging for diagnosis and interventional procedures and technological advancements in fixed C-arms.

On the basis of application, the fluoroscopy equipment market is segmented into diagnostic applications and surgical applications. The diagnostic applications market is further segmented into cardiology, gastroenterology, urology & nephrology, and other diagnostic applications (orthopedics, neurology, and gynecology), while the surgical applications market covers the market for C-arms in orthopedic and trauma surgeries, neurosurgeries, cardiovascular surgeries, gastrointestinal surgeries, and other surgical applications. The surgical applications segment is expected to register the highest CAGR of 5.7% during the forecast period, owing to the increasing popularity of C-arms in surgical imaging applications.

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What Drives the Market?

The growth of the global market for Fluoroscopy Equipment is primarily influenced by the following factors:

• Advantages of FPDs Over Image Intensifiers
• Use of Fluoroscopy in Pain Management
• Reimbursement Cuts for Analog Radiography Systems
• Rising Geriatric Population and Growing Chronic Disease Prevalence
• Awareness Programs, Conferences, and Funding Activities

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Geographical growth scenario of Fluoroscopy Equipment Market:

On the basis of region, the fluoroscopy equipment market has been segmented into four major regions, namely, North America, Europe, the Asia Pacific, and the Rest of the World. In 2018, North America accounted for the largest share of the fluoroscopy equipment market. The large share of North America can be attributed to the increasing incidence of overuse sports injuries, rising prevalence of CVD, and the increasing number of hip and knee replacement surgeries in the region.

Leading market players and strategies adopted:

The prominent players in the Fluoroscopy Equipment market include Siemens Healthineers (Germany), GE Healthcare (US), and Philips (Netherlands). These companies together accounted for a share of ~80% of the fluoroscopy equipment market in 2018. Other players in the market include Shimadzu Corporation (Japan), Ziehm Imaging GmbH (Germany), Toshiba Medical Systems Corporation (Japan), Hitachi Ltd. (Japan), Carestream Health, Inc. (US), Hologic, Inc. (US), Lepu Medical Technology Co., Ltd. (China), Agfa-Gevaert Group (Belgium), and ADANI Systems Inc. (Belarus). These companies adopted strategies like new product launches, acquisitions, collaborations, expansions, and other developments in order to achieve sustained growth and expand their global presence as well.

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