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Spinal Imaging Market Size, Analysis, Trends, Overview And Forecast To 2033
Spinal Imaging Market
The Business Research Company presents an extensive market research report on the Spinal Imaging Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The spinal imaging market size has grown strongly in recent years. It will grow from $1.96 billion in 2023 to $2.13 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to aging population and orthopedic conditions, rise in musculoskeletal disorders, advancements in medical imaging technologies, increasing incidence of spinal injuries, growing awareness and healthcare access.
The spinal imaging market size is expected to see strong growth in the next few years. It will grow to $2.9 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to rise in lifestyle-related spinal conditions, increasing surgical interventions, integration of artificial intelligence (AI), expanding access to specialized healthcare services, rising burden of chronic spinal disorders. Major trends in the forecast period include development of multimodal imaging solutions, rise in minimally invasive spinal procedures, increased utilization of cone beam computed tomography (CBCT), integration of picture archiving and communication systems (PACS), focus on functional and dynamic imaging techniques.
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Key Market Players:
Major companies operating in the spinal imaging market report are Hitachi Ltd., Novartis AG, Sanofi S.A., 3M Company, Medtronic plc, Siemens Healthineers AG, Fujifilm Corporation, Koninklijke Philips N.V., GE Healthcare Company, Becton Dickinson India Private Limited, Sonic Healthcare Limited, Shenzhen Mindray Bio-Medical Electronics Co Ltd., Canon Medical Systems Corporation, Shimadzu Corporation, Bruker Corporation, Carl Zeiss Meditec AG, MEDNAX Services Inc., Carestream Health Inc., Toshiba Medical Systems Inc., NuVasive Inc., Alliance Healthcare Providers LLP, Samsung Medison Co Ltd., Alphatec Holdings Inc., Invibio Ltd., InHealth Group Ltd., Ramsoft Technologies Private Limited, Narang Medical Limited, Mediso Ltd., 7D Surgical Inc., GPC Medical Limited
Market Drivers:
The growing volume of spinal cord injuries (SCI) is driving the growth of the spinal imaging market. Damage to the spinal cord or nerves at the end of the spinal canal due to a sudden, traumatic blow to the vertebrae leading to a fracture or loss of function or mobility in different parts of the body is referred to as a spinal cord injury. Spinal imaging plays an important role in the evaluation of acute and chronic spinal injury and plays an essential role in the diagnosis, treatment, and rehabilitation of spinal cord injury (SCI) patients. For instance, in July 2022, the United Spinal Association, a US-based organization, reported that around 17,700 Americans suffer from spinal cord injuries every year. Out of these, roughly 78% are men, and the average age of the patients is 43 years. The majority of spinal cord injuries occur due to vehicular accidents (39.3%), followed by falls (31.8%), violence (13.2%), sports (8%), and medical/surgical procedures (4.3%). Therefore, a growing volume of spinal cord injuries (SCI) is expected to drive the growth of the spinal imaging market.
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https://www.thebusinessresearchcompany.com/report/spinal-imaging-global-market-report
The spinal imaging market covered in this report is segmented -
1) By Product: X-Ray, CT, MRI, Ultrasound
2) By Application: Spinal Infection, Vertebral Fractures, Spinal Cancer, Spinal Cord and Nerve Compressions, Other Applications
3) By End-User: Hospital, Diagnostic Imaging Center, Ambulatory Care Center
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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