Press release
Fluoroscopy Equipment Market To See An Innovation-Based Growth At A CAGR Of 5% Between 2022 - 2031: FactMR
As per Fact.MR, a market research and competitive intelligence provider, the global fluoroscopy equipment market is anticipated to top US$ 3.5 Bn by 2031, progressing at a CAGR over 6% over the forecast period of 2021 to 2031.Fluoroscopy is a type of medical imaging that uses a monitor to display a continuous X-ray image. It consists of a fluorescent screen and an X-ray source. Fluoroscopy devices are primarily used in medical applications and are helpful in diagnosing health conditions and treating patients.
Growing adoption of interventional radiology procedures that require real-time imaging, such as fluoroscopy, is driving the market. Because of their ability to perform efficient real-time injury assessment in athletes, hand-held fluoroscopes are getting prominence in emergency care. Rise in occurrences of pain treatment and injuries, growing focus among healthcare professionals about fluoroscopy use, and rising prevalence of cardiovascular diseases are all contributing to fluoroscopy equipment market growth.
Growing prevalence of cancer has led to an upsurge in demand for radiation therapy. Surge in demand for radiation therapy in the healthcare industry is projected to boost the growth of the global market.
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Key Segments Covered in Fluoroscopy Equipment Industry Research
Product Type
Remote-Controlled Fluoroscopy Systems
Conventional Fluoroscopy Systems
C-Arms Systems
Others
FPD Fluoroscopes
Mobile C-Arms
Full Size C-Arm
Mobile Mini C-Arms
Application
Application of Fluoroscopy Equipment in Cardiology
Application of Fluoroscopy Equipment in Urology and Nephrology
Application of Fluoroscopy Equipment in Neurovascular
Application of Fluoroscopy Equipment in Orthopedic & Trauma Surgeries
Application of Fluoroscopy Equipment in Neurosurgeries
Application of Fluoroscopy Equipment in Cardiovascular Surgeries
Application of Fluoroscopy Equipment in Gastrointestinal Surgeries
End User
Hospitals
Diagnostic Centers
Others
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Key Takeaways from Market Study
Global fluoroscopy equipment market to top US$ 3.5 Bn by 2031.
C-arms systems projected to reach around US$ 1.4 Bn by 2031.
Conventional fluoroscopy Systems projected to record above 4% CAGR over next 10 years.
Market in North America holds share of more than 50%.
Market in South Korea expected to reach valuation of US$ 500 Mn by 2031.
Market in Russia to record 3% CAGR over forecast period of 2021- 2031.
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Market Competition
Major vendors of the market are focusing on expanding their geographical presence by merging and acquiring (M&A) or partnering with regional vendors to expand into developing countries. Their large share is due to steady stream of strategic collaborations aimed at the development of new products.
GE Healthcare and Temple University Health System have agreed to collaborate for seven years to expand radiology services. The collaboration was instrumental in removing barriers to medical imaging such as cost control and reimbursements.
More Valuable Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the fluoroscopy equipment market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031.
The study divulges essential insights on the market on the basis product type (remote-controlled fluoroscopy systems, conventional fluoroscopy systems, and C-arms systems), application (cardiology, urology and nephrology, neurovascular, orthopedic & trauma surgeries, neurosurgeries, cardiovascular surgeries, and gastrointestinal surgeries), and end user (hospitals, diagnostic centers, and others), across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa).
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