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Image Guided Surgery Devices Market Outlook 2024: Exclusive Report By The Business Research Company
Image Guided Surgery Devices
The Business Research Company offers in-depth market insights through Image Guided Surgery Devices Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The image guided surgery devices market size has grown rapidly in recent years. It will grow from $8.23 billion in 2023 to $9.1 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to rising prevalence of chronic diseases, expanding applications, healthcare infrastructure development, increasing awareness among healthcare professionals, regulatory support and approvals.
The image guided surgery devices market size is expected to see rapid growth in the next few years. It will grow to $14.05 billion in 2028 at a compound annual growth rate (CAGR) of 11.5%. The growth in the forecast period can be attributed to market expansion in emerging economies, patient preference for minimally invasive procedures, customization and personalization of treatments, global health challenges and preparedness, collaborations and partnerships. Major trends in the forecast period include continued technological innovations, integration with artificial intelligence, technological advancements, global market expansion, increasing adoption of robotics.
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Market Segmentation:
The image guided surgery devices market covered in this report is segmented -
1) By Product: Image Guided Surgery Devices, Image Guided Surgery Software
2) By Device Type: CT, Ultrasound, MRI, X-Ray, Fluoroscopy, Endoscopes, PET, SPECT,
3) By Application: Cardiac Surgery, Neurosurgery, Orthopedic Surgery, Urology, Oncology Surgery, Gastroenterology, Other Applications
4) By End User: Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Research And Academic Institutions
Major Driver - Image-Guided Surgery Devices Market Thrives Amidst Surging Neurological Disorders
Rising neurological disorders are expected to propel the growth of the image guided surgery devices market going forward. Neurological disorders are disorders and diseases that affect the central and peripheral nervous systems. Image-guided surgery devices are used to perform minimally invasive surgeries to treat neurological conditions such as brain tumors or to conduct brain biopsies. For instance, in May 2022, according to the European Academy of Neurology, an Austria-based non-profit medical society, 1 in 3 people affected by a neurological disease at some point in their life and the number of deaths by neurological conditions has increased by almost 40% in the last 30 years. Furthermore, in May 2022, according to The European Academy of Neurology, a Europe-based non-profit organization, neurological disorder affects 1 in 3 persons at some time in their lives. Therefore, rising neurological disorders are driving the growth of the image guided surgery devices market.
Competitive Landscape:
Major companies operating in the image guided surgery devices market report are General Electric Company, Medtronic Plc., Olympus Corporation, Siemens Healthineers, Koninklijke Philips N.V., Brainlab AG, Karl Storz Gmbh & Co. KG, Stryker Corporation, Varian Medical Systems Inc., Hitachi Medical Corporation, Analogic Corporation, Zimmer Biomet Holdings Inc., Smith and Nephew Plc, FUJIFILM Holdings Corporation, Shimadzu Corporation, Intuitive Surgical Inc., Canon Medical Systems Corporation, Synaptive Medical, Sienna Cancer Diagnostics, Accuray Incorporated, ClaroNav Inc., PathAI, Merge Healthcare Inc., CureMetric Health Tech, Mirada Medical Ltd., Navigation Sciences, Elekta AB, XION GmbH, Northern Digital Inc., Fiagon AG Medical Technologies
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Top Trend - Pioneering Technological Advancements Digitalized AI Driven Devices
Technological advancements are a key trend in the image guided surgery devices market. Major market players operating in the image guided surgery devices market are concentrating their efforts on introducing new and advanced technologies to strengthen their position in the market. For instance, in March 2022, Siemens Healthineers, a Germany-based medical device company, unveiled the latest innovation, the MAGNETOM Free. Star, and NAEOTOM Alpha. MAGNETOM Free. Star is a helium-free scanner with an ultra-compact footprint that is far easier to install. The device uses the unique and latest technology, the DryCool technology, which simplifies complex MRI technologies and uses digitalization and artificial intelligence (AI) to deliver high-quality results in MRI scans. The NAEOTOM Alpha provides high-resolution images at the lowest dose, spectrum information in every scan, and better contrast at lower noise with the ground-breaking direct signal conversion of its QuantaMax detector. Cardiology, pulmonology, cancer, and emergency medicine diagnostics will develop with the introduction of photon-counting CT toward precise, non-invasive diagnosis.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Image Guided Surgery Devices Market Characteristics
3. Image Guided Surgery Devices Market Trends And Strategies
4. Image Guided Surgery Devices Market - Macro Economic Scenario
5. Image Guided Surgery Devices Market Size And Growth
…..
27. Image Guided Surgery Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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