Fluoroscopy Equipment Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2022
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According to a recently published report, the global fluoroscopy equipment market is expected to represent a value of over US$ 2,000 Mn by the end of 2022.
Significant Demand in the Aviation Industry
Application and adoption of fluoroscopy extends beyond the healthcare industry. Fluoroscopy devices also witness considerable demand in the airports to scan for hidden bombs and weapons. However, these devices use relatively lower doses of radiation as compared to the medical devices, which have relatively low impact on the food products, and gadgets scanned.
Against this backdrop, there is strong need for quality in terms of manufacture, design, and distribution of these devices. While manufacturers are striving to pace with the level of quality, one marker of this gap is also due to the inspections conducted by the Food and Drugs Administration (FDA). The steady pace of non-compliance suggests that the manufacturers continue to struggle in order to match with the regulatory standards.
Cardiology to Represent a Leading Segment
With growing need for radiation therapy for cancer, demand for fluoroscopy equipment will continue to rev up in the healthcare industry. The conventional segment is expected to witness the highest revenue growth, accounting for over US$ 400 Mn by the end of 2022. However, the remote-controlled and C-arms segment is expected to register the highest CAGR in the global fluoroscopy equipment market throughout 2022.
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As healthcare industry continues to witness significant adoption of fluoroscopy devices, the hospitals will continue to remain the major end users. The hospital segment is expected to represent a value of over US$ 400 Mn by the end of 2017. However, the other end users and diagnostic centers are expected to register the highest CAGR in the global fluoroscopy equipment market during the forecast period.
Demand for fluoroscopy devices is mainly concentrated towards cardiology related treatment. The cardiology segment is expected to represent a value of over US$ 300 Mn by the end of 2022. Adoption of fluoroscopy equipment for treatment of gastroenterology is also expected to generate significant revenues. The gastroenterology segment is expected to witness the second highest growth in the global market by the end of 2022. This segment is expected to register the highest CAGR in the global fluoroscopy equipment market throughout the forecast period.
Leading market players operating in the global fluoroscopy equipment market include Agfa-Gevaert Group, Ziehm Imaging GmbH, Carestream Health, Inc., Hitachi, Ltd., GE Healthcare Inc., Hologic, Inc., Siemens Healthineers, Philips Group, Lepu Medical Tech Co. Ltd, Shimadzu Corporation, Toshiba Medical Systems Corporation, and Ziehm Imaging GmbH.
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