Image Guided Interventional Systems Market Latest Trends and Future Aspect Analysis

Image Guided Interventional Systems Market worth $8.39 Bn by 2031 - Exclusive Report by InsightAce Analytic Pvt. Ltd.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Image Guided Interventional Systems Market- (By Product Type (Single Plane Systems, Bi-plane Systems), By Modality (Intraoperative MRI Scanner, Intraoperative CT Scanner, Vascular Interventional Systems, Intravascular Ultrasound (IVUS), Fractional Flow Reserves, and Instantaneous Wave Free Ratio, Intraoperative Ultrasound, Endoscopes System, Fluoroscopy, Others (Digital and Hybrid System)), By Application (Cardiology, Neurology, Orthopedics, Oncology, Gastroenterology, ENT Surgery, Other Applications (Urology, Cranial, and Pain Management and Oral Interventions), By End-use (Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Research & Academic Institutions, Others)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."
According to the latest research by InsightAce Analytic, the Global Image Guided Interventional Systems Market is valued at US$ 4.83 Bn in 2022, and it is expected to reach US$ 8.39 Bn by 2031, with a CAGR of 6.5% during a forecast period of 2023-2031.
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Image-guided interventional systems refer to diverse medical instruments and methodologies integrating real-time imaging modalities with minimally invasive procedures. The global medical device industry is experiencing robust growth driven by innovative product launches, advancements in device technology, and a solution-oriented approach by manufacturers in product development. The increasing demand for diagnostic and therapeutic devices to treat acute and chronic diseases propels the industry's expansion. Specifically, there is a notable rise in the prevalence of cardiac, neurological, gastroenterological, orthopaedic, and other diseases, necessitating interventional approaches for effective treatment. Consequently, the image-guided interventions market is witnessing substantial growth. This growth is further supported by significant improvements in medical devices' regulatory standards and the establishment of dedicated government bodies for medical device approval.

Moreover, the rising healthcare expenditure has attracted increased attention from investors in the image-guided interventions market. Additionally, to remain competitive in this rapidly developing market, image-guided interventions are continuously being developed as an advanced therapeutic tool within the medical device industry. These interventions offer additional benefits, including high precision, real-time imaging, ease of handling, and cost-effectiveness.

List of Prominent Players in the Image Guided Interventional Systems Market:
• Arthrex Inc.
• B. Braun Melsungen AG
• Boston Scientific Corporation
• C.R. Bard,
• Canon Inc
• Dentsply Sirona Inc.
• Elekta AB
• Fujifilm Holdings Corporation
• GE Healthcare,
• Hitachi Ltd.
• Hologic Inc
• IMRIS Inc
• Koninklijke Philips N.V
• KARL STORZ SE & Co. KG
• Medtronic Plc,
• Olympus Corporation
• Stryker Corporation
• Siemens AG
• Shimadzu Corporation
• Terumo Corporation

Market Dynamics:
Drivers-
Manufacturers in the image-guided interventions market seek simplification in legal requirements and regulations to streamline their product's research, development, and approval processes. This easing would allow companies more time to address intricate challenges and innovate new components or technologies to enhance product efficiency. Amid the COVID-19 crisis, market players are concentrating on developing remote solutions, like cloud-based training on virtual machines, to offer remote guidance and support to patients. Additionally, several initiatives are being undertaken to promote cancer radiotherapy, and the influx of private investments into the development of advanced image-guided therapy systems also contributes to the market's growth.

Challenges:
Image-guided interventional systems typically involve sophisticated and technologically advanced equipment, leading to high initial costs for healthcare facilities and providers. The substantial upfront investment required for purchasing and installing these systems may encourage some healthcare institutions, especially those with limited financial resources, to adopt the technology. In some regions, reimbursement policies for image-guided interventional procedures may be inadequate or restrictive. The lack of favourable reimbursement can limit the adoption of these systems, particularly in healthcare systems where reimbursement plays a critical role in decision-making. Operating image-guided interventional systems requires specialized training and expertise. The need for more skilled personnel who can effectively handle and interpret imaging data may hinder these systems' widespread adoption and utilization. Integrating image-guided interventional systems with existing healthcare infrastructure and electronic health records (EHR) can be challenging. Compatibility issues and the need for seamless data sharing may present obstacles to adopting these systems.

Regional Trends:
The North American regional market is expected to register a major market share. Improved healthcare infrastructure, technological advancements, and the rapid adoption of advanced radiation therapies drive the market's growth. The increasing population and the incidences of chronic diseases are also significant contributors to the expansion of the regional market. Furthermore, the market is expected to experience a boost from favourable initiatives undertaken by private companies in minimally invasive interventional and surgical techniques.
The market's rapid growth is due to the growing geriatric population, the rising incidence of target diseases, and the continuous improvement in healthcare infrastructure. An increasing number of research centres in countries like India and China also positively impacts the regional market's growth.

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Recent Developments:
• In July 2023, Stryker commercialised its Q Guidance System with Cranial Guidance Software to give surgeons an image-based planning and intraoperative guidance system that aids in instrument location and patient anatomy identification during cranial surgery. Craniotomies, skull base and transsphenoidal surgeries, shunt placements, and biopsies can all be performed using the program.

• In Aug 2020, The Royal Philips Group acquired Intact Vascular, Inc. Philips' interventional imaging platform and diagnostic and therapeutic equipment will be combined with Intact Vascular's unique, specialised implantable device to optimise Peripheral Artery Disease (PAD) treatment.

Segmentation of Image Guided Interventional Systems Market-
By Product Type
• Single Plane Systems
• Bi-plane Systems
By Modality
• Intraoperative MRI Scanner
• Intraoperative CT Scanner
• Vascular Interventional Systems
• Intravascular Ultrasound (IVUS), Fractional Flow Reserves, and Instantaneous Wave Free Ratio
• Intraoperative Ultrasound
• Endoscopes System
• Fluoroscopy
• Others (Digital and Hybrid System)
By Application
• Cardiology
• Neurology
• Orthopedics
• Oncology
• Gastroenterology
• ENT Surgery
• Other Applications (Urology, Cranial, and Pain Management and Oral Interventions)
By End-use
• Hospitals
• Specialty Clinics
• Ambulatory Surgical Centers
• Research & Academic Institutions
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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