Image Guided Interventional Systems Market Expected to Expand Significantly by 2031 Driven by Innovation in Healthcare Devices and Procedures

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 USD 5.12 Bn in 2023, and it is expected to reach US$ 8.69 Bn by 2031, with a CAGR of 6.94% during a forecast period of 2023-2031.

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Image-guided interventional systems encompass a wide range of medical instruments and techniques that integrate real-time imaging technologies with minimally invasive procedures. The global medical device sector is experiencing robust growth, driven by continuous product innovations, advancements in device technology, and a solution-oriented approach by manufacturers in product development. The escalating demand for diagnostic and therapeutic devices aimed at addressing both acute and chronic diseases is further fueling the industry's expansion. Notably, the rising prevalence of conditions such as cardiac, neurological, gastroenterological, and orthopedic diseases is increasing the need for interventional treatments. As a result, the market for image-guided interventions is experiencing significant growth. This growth is additionally supported by enhanced regulatory standards for medical devices and the establishment of dedicated government agencies for device approval.

Furthermore, the rising expenditure on healthcare has attracted greater investment in the image-guided interventions market. In response to the rapidly evolving market dynamics, these interventions are continuously being refined and positioned as advanced therapeutic tools within the medical device sector. Image-guided interventions offer a range of benefits, including high precision, real-time imaging capabilities, ease of use, and cost-effectiveness, contributing to their growing adoption in clinical settings.

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

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Market Dynamics:
Drivers:
Manufacturers in the image-guided interventions market are seeking simplification of legal and regulatory requirements to streamline the research, development, and approval processes for their products. Such regulatory easing would provide companies with more time to address complex challenges and innovate new technologies to improve product efficiency. In response to the COVID-19 pandemic, market participants are focusing on developing remote solutions, such as cloud-based training on virtual platforms, to provide guidance and support to patients remotely. Additionally, various initiatives to promote cancer radiotherapy and an influx of private investments into the development of advanced image-guided therapy systems are also contributing to market growth.

Challenges:
Image-guided interventional systems typically require advanced, sophisticated equipment, resulting in high initial costs for healthcare facilities and providers. The significant upfront investment needed to purchase and install these systems may deter some institutions, particularly those with limited financial resources, from adopting the technology. In certain regions, inadequate or restrictive reimbursement policies for image-guided interventional procedures may further limit adoption. The lack of favorable reimbursement is especially critical in healthcare systems where reimbursement policies influence decision-making processes. Moreover, operating these systems requires specialized training and expertise, and the shortage of skilled personnel capable of handling and interpreting imaging data could impede widespread adoption. Additionally, integrating image-guided interventional systems with existing healthcare infrastructure and electronic health records (EHR) presents challenges, particularly with compatibility issues and the need for seamless data sharing.

Regional Trends:
The North American market is projected to account for a significant share of the overall market. This growth is driven by improved healthcare infrastructure, technological advancements, and the rapid adoption of advanced radiation therapies. An increasing population and a rise in the incidence of chronic diseases are also significant factors contributing to market expansion in this region. Furthermore, private sector initiatives focused on minimally invasive interventional and surgical techniques are expected to further boost the market. The region's growth is additionally supported by the aging population, rising rates of target diseases, and continuous improvements in healthcare infrastructure. The expansion of research centers in countries such as India and China is also positively impacting the growth of the regional market.

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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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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.