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

Image-Guided Therapy Systems Market

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.

Globally, increasing prevalence of chronic diseases such as cardiovascular, cancer, and respiratory diseases is boosting the market growth. The global cancer incidence has risen to 18.1 million, whereas, the mortality reached 9.6 million in 2018, the International Agency for Research on Cancer (IARC). To attend to the dire situation, several medical device players are developing unique platforms to change the landscape of surgical interventions for chronic diseases.  For instance, recently, Philip’s Azurion platform developed an image-guided platform with new workflow options and performance dashboards that can help clinicians in routine and complex surgeries such as interventional cardiology, vascular surgery, neuroradiology, and oncology.

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.

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. 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.

Americas are dominating the image-guided therapy market and will continue the same during the forecast period. This can be attributed to the widespread adoption of technologically advanced devices and the presence of favorable reimbursement framework in the region. Additionally, increasing prevalence of chronic diseases and the growing preference of minimally invasive surgeries are some other factors driving the market growth.

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The Major Prominent Players Covered in this Report:
Koninklijke Philips N.V., GE Healthcare, Siemens Healthineers, and Fujifilm Holdings Corporation.

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, Others

NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth rate of Steerable Medical Devices in these regions, from 2019 to 2026, covering:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Key Image-Guided Therapy Systems Market Trends:
- The report identifies, determines, and forecasts the Global Image-Guided Therapy Systems Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Image-Guided Therapy Systems Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Image-Guided Therapy Systems Market.

Key Questions Answered in The Report:
What will the Image-Guided Therapy Systems market growth rate?
What are the key factors driving the global Image-Guided Therapy Systems market?
Who are the key manufacturers in the Image-Guided Therapy Systems market space?
What are the market opportunities, market risk, and market overview of the Image-Guided Therapy Systems market?
What are sales, revenue, and price analysis of top manufacturers of the Image-Guided Therapy Systems market?
Who are the distributors, traders, and dealers of the Image-Guided Therapy Systems market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Image-Guided Therapy Systems Industry?
What are sales, revenue, and price analysis by regions of the Image-Guided Therapy Systems industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

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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