Image-guided Therapy Systems Market to Witness Robust Expansion by 2029

Image-guided therapy systems market is anticipated to grow at a significant CAGR of 5.4% during the forecast period. The increasing use of radiotherapy to treat patients with cancer and the increasing several initiatives that are undertaken to promote cancer radiotherapy are factors that are contributing to the positive growth of the image-guided therapy systems market. Moreover, companies in the market are developing remote solutions, such as cloud-based training on virtual machines that are further boosting the market growth. For instance, in February 2022, Philips collaborated with Cydar to plan and guide surgery in real-time and added cloud-based AI, and 3D mapping into its Mobile C-arm System Series Zenition. This integration of Cydar EV Maps software into the Philips Zenition platform has now added new features that include extended procedure planning and real-time 3D guidance capabilities.

The global image-guided therapy systems market is segmented based on the product, application, and end-user. Based on the product, the market is segmented into endoscopes, ultrasound systems, computed tomography (CT) scanners, magnetic resonance imaging (MRI), positron emission tomography (PET), and others. Based on the application, the market is sub-divided into neurosurgery, cardiac surgery, urology, orthopaedic surgery, oncology surgery, and others. Based on the end-user, the market is segmented into hospitals, ambulatory surgery centers, and speciality clinics. Among the end-user segment, ambulatory surgery centers (ASCs) are anticipated to witness the fastest growth in the market owing to various advantages offered by these healthcare settings such as reduced waiting time and increased cost savings. Moreover, the increasing trend of same-day surgery in developed economies due to optimum care delivery and reduced hospital stays are factors driving market growth further.

The endoscopes segment is expected to hold a prominent share in the market owing to the growing adoption of robot-assisted endoscopic surgeries and high procedures of endoscope-guided surgeries for various interventions. Other factors contributing to the segment's growth include the rising incidence of cancer and gastrointestinal diseases which in turn increases the demand for endoscopic systems. In addition, the increasing technological advancement, new product developments, and launches by key market players are key factors contributing to the segmental growth of the market. For instance, in May 2021, EndoFresh company received the US Food and Drug Administration (FDA) approval 510(k) clearance for EndoFresh's Disposable Digestive Endoscopy System for gastrointestinal purposes which is designed to alleviate the cross-contamination problems caused by devices. This device can also be used with the medical display and other peripheral devices and consists of a camera system.

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Image-Guided Therapy Systems Market Segmentation

By Products

Endoscopes
Ultrasound Systems
Computed Tomography (CT) Scanners
Magnetic Resonance Imaging (MRI)
Positron Emission Tomography (PET)
Others (X-ray Fluoroscopy)

 By Application

Neurosurgery
Cardiac Surgery
Urology
Orthopaedic Surgery
Oncology Surgery
Others (Gastroenterology)

 By End-User

Hospitals
Ambulatory Surgery Centers
Speciality Clinics

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Regional Analysis                                                                                                                                                                            

North America

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Company Profiles 

Acoustic MedSystems, Inc.
Brainlab AG
Canon Medical Systems Corp.
C-Rad AB
Elekta AB 
EnVision Endoscopy
ESAOTE SPA 
HistoSonics, Inc.
Hitachi, Ltd.
Image Guided Therapy
Lumicell
Maxer Endoscopy GmbH
Mevion Medical Systems
OncoNano Medicine Inc.
OnLume Inc.
PROCEPT BioRobotics Corp
Photolitec, LLC
Siemens Healthcare GmbH
Xoran Technologies
Zeta Surgical Inc. 

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