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Key Influencer in the Image Guided Surgery Devices Market 2025: Image-Guided Surgery Devices Market Thrives Amidst Surging Neurological Disorders Driver
What combination of drivers is leading to accelerated growth in the image guided surgery devices market?The image guided surgery devices market is predicted to grow as the prevalence of neurological disorders increases. These disorders, which affect both the central and peripheral nervous systems, can be treated using image-guided surgery devices. These devices facilitate minimally invasive surgeries to manage neurological conditions such as brain tumors and perform brain biopsies. For example, the European Academy of Neurology, a non-profit medical society based in Austria, reported in May 2022 that a third of people will suffer a neurological disease at some point in their life and deaths caused by these conditions have surged by nearly 40% in the past three decades. Similarly, the European Academy of Neurology stated in May 2022 that one in three individuals will be afflicted by a neurological disorder during their lifetime. Hence, the uptick in neurological disorders is propelling the growth of the image guided surgery devices market.
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What is the projected compound annual growth rate (CAGR) of the image guided surgery devices market from 2025 to 2034, and what factors influence it?
The rapid expansion of the image guided surgery devices market size has been observed in recent years, with a projected increase from $8.87 billion in 2024 to $9.78 billion in 2025, at a compound annual growth rate (CAGR) of 10.3%. Factors contributing to the growth during the historical period include the increasing prevalence of chronic diseases, enhanced applications, the development of healthcare infrastructure, rising awareness among healthcare professionals, along with regulatory endorsement and approvals.
The market size for image guided surgery devices is predicted to experience swift expansion in the coming years, reaching "$15.78 billion in 2029 with a compound annual growth rate (CAGR) of 12.7%. Elements contributing to this growth during the forecast period include market development in emerging economies, preference for less invasive procedures among patients, individualized treatment customization, global health challenges and readiness, along with collaborations and partnerships. Ongoing technological innovations, integration of artificial intelligence, advancements in tech, global market growth, and a rise in the utilization of robotics are set to be significant trends throughout the prediction period.
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How are the latest trends influencing the growth of the image guided surgery devices market?
Technological progress is a major trend impacting the market for image guided surgery devices. Key players in this market are focusing their efforts on launching cutting-edge technologies to consolidate their market position. For example, in March 2022, Siemens Healthineers, a medical device company based in Germany, debuted two latest innovations: the MAGNETOM Free. Star, and NAEOTOM Alpha. The MAGNETOM Free.Star is a helium-free scanner boasting a small footprint for easy installation, utilizing the unique and fancy DryCool technology. This technology demystifies intricate MRI procedures, leveraging digitalization and artificial intelligence (AI) to deliver highly accurate MRI scan results. The NAEOTOM Alpha, on the other hand, generates high-resolution images at the minimum dose, offers spectrum details on every scan, and produces superior contrast at low noise levels thanks to the QuantaMax detector's groundbreaking direct signal conversion. The arrival of photon-counting CT promises to enhance diagnostics in cardiology, pulmonology, cancer, and emergency medicine through more accurate, non-invasive diagnosis.
What are the major segments of the image guided surgery devices market and their role in driving growth?
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
Subsegments:
1) By Image Guided Surgery Devices: Optical Tracking Systems, Electromagnetic Tracking Systems, Ultrasound-Based Systems
2) By Image Guided Surgery Software: Pre-Operative Planning Software, Intra-Operative Imaging Software, Post-Operative Analysis Software
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Which regions are key players in the growth of the image guided surgery devices market?
North America was the largest region in the image guided surgery devices market in 2024. The regions covered in the image guided surgery devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the image guided surgery devices market?
Major companies operating in the image guided surgery devices market include 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, Accuray Incorporated, ClaroNav Inc., Merge Healthcare Inc., CureMetric Health Tech, Mirada Medical Ltd., Elekta AB, XION GmbH, Northern Digital Inc., Fiagon AG Medical Technologies
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What Is Covered In The Image Guided Surgery Devices Global Market Report?
• Market Size Forecast: Examine the image guided surgery devices market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the image guided surgery devices market for a structured understanding.
• Key Players Overview: Analyze major players in the image guided surgery devices market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the image guided surgery devices market.
• Segment Contributions: Evaluate how different segments drive overall growth in the image guided surgery devices market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the image guided surgery devices market.
• Industry Challenges: Identify potential risks and obstacles affecting the image guided surgery devices market.
• Competitive Landscape: Review strategic developments in the image guided surgery devices market, including expansions, agreements, and new product launches.
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