Orthopedic Imaging Equipment Market Growth Accelerates: Strategic Forecast Predicts $13.17 Billion by 2029

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What Will the Orthopedic Imaging Equipment Industry Market Size Be by 2025?
The market for orthopedic imaging equipment has seen consistent expansion in the past few years. The market, which was valued at $10.24 billion in 2024, is projected to escalate to $10.74 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 4.8%. Factors contributing to this growth during the historic period include a sharp increase in the elderly population, heightened prevalence of orthopedic conditions, amplified healthcare expenditure, and the emerging trends in sports and fitness.

What's the Long-Term Growth Forecast for the Orthopedic Imaging Equipment Market Size Through 2029?
In the coming years, the orthopedic imaging equipment market is set to witness robust growth and is anticipated to reach $13.17 billion by 2029 at a compounded annual growth rate (CAGR) of 5.2%. The market expansion during the forecast period is due to several factors including regulatory policies, rising incidents of orthopedic disorders, increasing health awareness and screening programs, higher healthcare spending, and broadening applications. The looming trends during this period include the incorporation of artificial intelligence (AI), a shift towards 3D imaging, an intensified focus on reducing radiation, miniaturization, portability, and the emergence of telemedicine along with remote imaging services.

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What Are the Key Growth Drivers Fueling the Orthopedic Imaging Equipment Market Expansion?
The growth of the orthopedic imaging equipment market is primed to be spurred on by the rising prevalence of road accidents. These incidents, which involve pedestrians, cyclists, vehicles, and other road users, can result in property damage, injuries, or even deaths. Various factors contribute to the uptick in accidents, including distracted or impaired driving, speed, inadequate road infrastructure, and human error. These issues may be further compounded by societal phenomena such as rapid urbanization and technological distractions. Orthopedic imaging equipment emerges as critical in such scenarios, providing intricate depictions of bone fractures, dislodged joints, and injuries to soft tissues. This aids in precise diagnoses and effective treatment planning, subsequently enhancing patient outcomes and expediting recovery. Citing an instance from May 2023, statistics from the UK's Department for Transport reported an upturn in road fatalities from 1,560 in 2021 to 1,695 in 2022. Consequently, the soaring frequency of road accidents is stimulating the expansion of the orthopedic imaging equipment market.

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What Trends Will Shape the Orthopedic Imaging Equipment Market Through 2029 and Beyond?
Leading firms in the orthopedic imaging equipment market are prioritizing the development of advanced technologies like augmented reality (AR) guidance systems to improve the precision and effectiveness of orthopedic treatments. AR guidance systems represent a technology that couples real-time imaging with digital enhancements, giving surgeons extensive visual assistance during operations. For example, Pixee Medical, a France-based producer of computer-aided surgery tools, introduced its Knee+ AR computer-aided orthopedic solution in the US in March 2022. This marks the debut of the first AR navigation system designed specifically for total knee arthroplasty. Its purpose is to support orthopedic surgeons in positioning implants during knee arthroplasty procedures, through the use of augmented reality glasses that identify the 3D coordinates of instruments.

How Is the Orthopedic Imaging Equipment Market Segmented?
The orthopedic imaging equipment market covered in this report is segmented -

1) By Product: Drill Guide, Guide Tubs, Implant Holders, Custom Camps, Distracters, Screwdrivers
2) By Systems: X-Ray Systems, Computed Tomography (CT) Scanner, Magnetic Resonance Imaging (MRI) Systems, Electron Optical System (EOS) Imaging Systems, Ultrasound, Nuclear Imaging Systems
3) By Indication: Acute injuries, Sports injuries, Trauma cases, Chronic Disorders, Osteoarthritis, Osteoporosis, Prolapsed Disc, Degenerative joint diseases, Other Indications
4) By End-User: Hospitals, Radiology Centers, Emergency Care Facility, Ambulatory Surgical Centers

Subsegments:
1) By Drill Guide: Manual Drill Guides, Powered Drill Guides
2) By Guide Tubes: Single-Use Guide Tubes, Reusable Guide Tubes
3) By Implant Holders: Fixed Implant Holders, Adjustable Implant Holders
4) By Custom Camps: Custom Surgical Camps, Standard Surgical Camps
5) By Distracters: External Fixation Distractors, Internal Distractors, Spine Distractors
6) By Screwdrivers: Manual Orthopedic Screwdrivers, Powered Orthopedic Screwdrivers

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Which Companies Are Leading the Charge in Orthopedic Imaging Equipment Market Innovation?
Major companies operating in the orthopedic imaging equipment market are Hitachi Ltd., Siemens AG, Toshiba Corporation, FUJIFILM Corporation, Koninklijke Philips N.V, Stryker Corporation, GE HealthCare Technologies Inc., Hologic Inc., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Shimadzu Corporation, Canon Medical Systems Corporation, Neusoft Corporation, Planmed Oy, Agfa-Gevaert N.V., Carestream Health, Brainlab, Esaote SpA, Ziehm Imaging GmbH, EOS imaging, NeuroLogica Corp., Swissray International Inc., Xoran Technologies LLC., Allengers Medical Systems Ltd., Konica Minolta Healthcare Americas Inc., Hi-Tech Medical Imaging

Which Regions Are Leading the Global Orthopedic Imaging Equipment Market in Revenue?
North America was the largest region in the orthopedic imaging equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the orthopedic imaging equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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