Growth Drivers of Image-Guided Therapy Systems Market 2019 | Competitive Landscape, Business Trends and Effects of COVID 19 Analysis| Koninklijke Philips N.V., GE Healthcare, Siemens Healthineers

Global Statistics Representing Image-Guided Therapy Systems Market Scenario:-

Image-guided therapy is a modern approach to the surgical interventions that enable the use of imaging platform to plan, perform, and evaluate the therapeutic interventions and surgical procedures. Image-guided therapy is a diagnostic technology that is extensively used in minimally invasive procedures. The image therapy systems market is majorly driven by the increasing preference of minimally invasive surgeries, technological advancements in medical imaging, and the growing burden of chronic diseases across the globe.

Additionally, minimally invasive surgeries save a lot of hospital costs every year, as per the data published by Johns Hopkins Medicine. Hypothetically, if the U.S. hospitals increase the number of minimally invasive surgeries by 50%, nearly 3,578 post-surgical complications could be avoided, which would further reduce the hospital stay by 144,863 days, saving around USD 288 million annually.

As per our analysis, around 75% of the cardiovascular procedures are performed using a minimally invasive approach. Today, the patients are inclining towards minimally invasive procedures due to reduced medical costs, less hospital stay, minimal incision, and faster recovery time. The post-surgical complications are also significantly low in minimally invasive surgeries, which is why the surgeons prefer minimally invasive surgeries.
The development in the image-guided therapies could significantly control the medical costs, and thereby improve the standard of care. The product was launched in February 2017 and it treated around 450,000 patients across 80 countries. The company also launched an up-gradation in this platform, The Philips Azurion 7 C20 with FlexArm, in 2019, which has received 510-k clearance from the U.S. FDA. In the developed countries, the image-guided therapy platforms are extensively used in the medical institutes as it reduces the procedure time, in lab preparation time, and post-procedure lab time.  Moreover, some of the leading players in the image-guided therapy system are Canon Medical Systems (Toshiba), Siemens Healthineers, and Shimadzu.

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The Major Players Covered in this Report: Siemens Healthineers, Artis pheno robotic C-arm angiography system., Koninklijke Philips N.V., GE Healthcare, Siemens Healthineers, and Fujifilm Holdings Corporation., & More...

By Product, Computed Tomography (CT) Scanners, Ultrasound Systems, Magnetic Resonance Imaging (MRI), Endoscope, X-ray Fluoroscopy, Positron Emission Tomography (PET), Single Photon Emission Computed Tomography (SPECT)
By Application, Cardiac Surgery, Neurosurgery, Orthopedic Surgery, Urology, Gastroenterology, Oncology Surgery, Other

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Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Image-Guided Therapy Systems in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Image-Guided Therapy Systems market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region.

Endoscopes: A Prominent Market Segment offering Future Market Opportunities:
The endoscopes segment is holding a major share in the image-guided therapy systems market. This can be attributed to the increasing adoption of robot-assisted endoscopic devices, technological advancements in endoscopy devices, and subsequently rising approvals for endoscopic devices. In September 2019, Medtronic launched a new Hugo robot-assisted surgery system. The system includes a tower, surgeon console, surgical end effectors, and robotic arm carts for various robotic surgeries including laparoscopy. Similarly, in 2017, Apollo Endosurgery’s  OverStitch Endoscopic Suturing System received 510(k) premarket notification by the U.S. FDA. In August 2017, Pentax Medical launched a new SLIM LINEAR ULTRASOUND that offers high-resolution and greater maneuverability.

Magnetic Resonance Imaging: A lucrative Market Offering:
Today, MRI offers the potential to enhance the scope of interventional radiology and minimally invasive surgeries. It is regarded as an effective imaging guidance tool for performing biopsies. The MRI market is majorly driven by the growing prevalence of cancer across the globe. Apart from this, the image-guided MRI systems are extensively used in neurology, trauma care, and radiation oncology.

Why are Patients Preferring Minimally Invasive Surgeries?
Globally, the prevalence of cardiovascular diseases is increasing at a concerning rate. As per our analysis, over 250,000 cardiovascular surgeries are performed in the U.S annually. Currently, several clinical studies are undergoing to evaluate the effectiveness of real-time MRI guided coronary interventions, which is expected to propel the market in the years to come.

Endoscopes: A Prominent Market Segment offering Future Market Opportunities:
The endoscopes segment is holding a major share in the image-guided therapy systems market. This can be attributed to the increasing adoption of robot-assisted endoscopic devices, technological advancements in endoscopy devices, and subsequently rising approvals for endoscopic devices. In September 2019, Medtronic launched a new Hugo robot-assisted surgery system. The system includes a tower, surgeon console, surgical end effectors, and robotic arm carts for various robotic surgeries including laparoscopy. Similarly, in 2017, Apollo Endosurgery’s  OverStitch Endoscopic Suturing System received 510(k) premarket notification by the U.S. FDA. In August 2017, Pentax Medical launched a new SLIM LINEAR ULTRASOUND that offers high-resolution and greater maneuverability.

Magnetic Resonance Imaging: A lucrative Market Offering:
Today, MRI offers the potential to enhance the scope of interventional radiology and minimally invasive surgeries. It is regarded as an effective imaging guidance tool for performing biopsies. The MRI market is majorly driven by the growing prevalence of cancer across the globe. Apart from this, the image-guided MRI systems are extensively used in neurology, trauma care, and radiation oncology.

Why are Patients Preferring Minimally Invasive Surgeries?
Globally, the prevalence of cardiovascular diseases is increasing at a concerning rate. As per our analysis, over 250,000 cardiovascular surgeries are performed in the U.S annually. Currently, several clinical studies are undergoing to evaluate the effectiveness of real-time MRI guided coronary interventions, which is expected to propel the market in the years to come.

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Our Report Covers:
Historical inferences, findings & analysis of the market from 2016–2018
Projections and performance forecast analysis for the future from 2019–2026
Production and consumption point of view (POV) analysis
Market drivers, restraint, and opportunity analysis
Covering industry, regulatory, innovation, technology, and pricing trends
Comprehensive competitive landscape mapping with recent development covering market leadership, competency, sustainability, and prospects

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