High Disease Incidence Driving Image-guided Surgery Devices Market

A number of factors, such as the rising cases of neurological illnesses, surging aging population, growing healthcare expenditure, increasing incidence of cancer and other chronic diseases, and technological developments in medical imaging systems, are projected to boost the growth of the image-guided surgery devices market at a 6.5% CAGR in the forecast period (2017–2023). Moreover, the presence of several established players, including Siemens AG, Koninklijke Philips N.V., GE Healthcare, Canon Inc., Hitachi Ltd., Medtronic Inc., and Smith & Nephew plc., drives the market growth.

Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/image-guided-surgery-devices-market/report-sample

The primary factor improving the image-guided surgery devices market growth prospects is the rising incidence of cancer and other chronic diseases owing to the alterations in the lifestyle and lack of access to healthcare facilities. For instance, according to the World Health Organization (WHO), around 9.6 million deaths occurred due to cancer across the world in 2018. Moreover, as per the International Agency for Research on Cancer (IARC), 12.7 million new cancer patients emerged across the world in 2008, and this number is expected to reach 21.4 million by 2030.

Make an Enquiry before Purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=image-guided-surgery-devices-market

Furthermore, on the basis of application, the image-guided surgery devices market is classified into orthopedic surgery, neurology, oncology surgery, ear nose throat (ENT) surgery, and others. Out of these, the neurology category holds the largest market share, and it is expected to record significant growth during the forecast period. This can be ascribed to the high usage of image-guided surgery devices for the treatment of neurological diseases, such as brain tumors and lesions, across the globe.

Globally, North America is the largest image-guided surgery devices market till now. This is attributed to the growing geriatric population, technological developments in medical imaging systems, and increasing adoption of these devices in the region. On the other hand, the Asia-Pacific (APAC) market is projected to record the fastest growth during the forecast period. This can be ascribed to the surging cases of neurological disorders, cancer, arthritis, and other chronic diseases and the increasing population of elderly people.

Thus, the rising incidence of cancer and other chronic diseases and the increasing technological developments in medical imaging devices are expected to propel the growth of the market during the forecast period.

About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Contact:
P&S Intelligence
Toll-free: +1-888-778-7886 (USA/Canada)
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

This release was published on openPR.