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Precision in Surgery: The Intraoperative Imaging Revolution
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According to The Business Research Company's, The intraoperative imaging market size has grown strongly in recent years. It will grow from $2.52 billion in 2023 to $2.74 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to increased aging population, rise in cancer surgery, increased orthopedic procedures, increased cardiovascular surgery, rise in neurological surgery.
The intraoperative imaging market size is expected to see strong growth in the next few years. It will grow to $3.76 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to growing use of personalized medicines, global healthcare access, rising medical tourism, global health initiatives, increasing radiation safety measures. Major trends in the forecast period include integration of augmented reality (ar) and virtual reality (vr), portable intraoperative imaging, enhanced 3d imaging, robot-assisted surgery, advanced navigation systems, image-guided radiation therapy (igrt).
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Market Drivers and Trends:
The rising incidence of surgeries is expected to propel the growth of the intraoperative imaging market going forward. The increasing prevalence of strokes, orthopedic ailments, cancer, and other disorders has augmented the need for high-precision complex surgeries. Intraoperative imaging devices provide a real-time view of the patient's condition during surgery, thereby improving the accuracy of surgery. For instance, according to the Sant Joan de Déu (SJD) Barcelona Children's Hospital, a Spain-based hospital specializing in pediatrics, gynecology, and obstetrics, nearly 5,737 procedures were performed in this surgical area, accounting for one-third of all surgeries performed in the hospital, and 50% of the surgeries conducted in this surgical block were complex. Therefore, the rising incidence of surgeries is driving the growth of the intraoperative imaging market.
The emergence of imaging robots is a key trend gaining popularity in the intraoperative imaging market. Major companies operating in the intraoperative imaging market are focused on developing technologically advanced robots to gain a competitive advantage. For instance, in September 2022, eCential Robotics, a French growth MedTech company that develops and manufactures a system integrating 2D/3D imaging, surgical navigation, and robotics, announced that the FDA had cleared its 3D imaging, navigation, and robotics guidance system. The unified open platform is a medical gadget that offers stereotaxic guiding and 2D/3D medical imaging. Through this unified robotic platform system, it will enter the United States.
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Major Key Players of the Market:
Canon Medical Systems Corporation, Carl Zeiss Meditec AG, Esaote SpA, Fujifilm Holdings Corporation, General Electric Company, Hitachi Ltd., Hologic Inc., IMRIS Deerfield Imaging Inc., Koninklijke Philips N.V., Medtronic plc, Mindray Ltd., Samsung Electronics Co. Ltd., Shimadzu Corporation, Siemens Ag, Stryker Corporation, Toshiba Corporation., Ziehm Imaging GmbH, Brainlab AG, Canon Medical Systems Corp., ClaroNav Inc., Elekta Medical Systems India Pvt. Ltd., GE Healthcare Tech Inc., Intuitive Surgical Inc., Karl Storz SE & Co. KG, Olympus Corporation, Perimeter Medical Imaging AI, Koninklijke Philips N.V., Shimadzu Corporation, Shimadzu Medical Systems Corp., Toshiba Medical Systems Corp., Varian Medical Systems Inc., Xoran Technologies LLC, Zimmer Biomet Holdings Inc.
Intraoperative Imaging Market 2024 Key Insights:
• The intraoperative imaging market size is expected to see strong growth in the next few years. It will grow to $3.76 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%.
• Growing Surgical Procedures Drive Expansion Of The Intraoperative Imaging Market
• Imaging Robots Revolutionize The Intraoperative Imaging Market
• North America was the largest region in the intraoperative imaging market in 2023
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