Surgical Imaging Market  Scope Report

Global Surgical Imaging Market Highlights Over 2023 - 2033

The global surgical imaging market is estimated to garner a revenue of USD 4.0 Billion by the end of 2033 by growing at a CAGR of ~7% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of USD 2.0 Billion in the year 2022. The growth of the market can be attributed to the rising prevalence of chronic diseases. According to the World Health Organization, non-communicable diseases account for approximately 41 Million deaths each year.

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Surgical imaging refers to a test that produces detailed images of internal organs. It is used for planning, diagnosis, intraoperative navigation, and post-operative evaluation. There are majorly two types of technology used for surgical testing as Flat Panel Detector, and Image Intensifier C-Arms. With the Surging Healthcare Expenditure, it is anticipated to increase the growth of the global surgical imaging market. According to the World Bank, the current health expenditure accounted for 9.83 percent of GDP in 2019 from 8.63 percent of GDP in 2000

Global Surgical Imaging Market: Growth Drivers and Challenges

Growth Drivers

• Increasing Geriatric Population– Chronic diseases are linked to the aging process as people have a lower immune system in comparison to the younger generation. Hence, it is projected to surge the growth of the global surgical imaging market. As per the data reported by United Nations, the percentage of the population aged 65 years or above has increased from 6 percent in 1990 to 9 percent in 2019.

• Rising Population Percentage– With the rising population, there will be an increase in the number of people suffering from diseases and it is expected to boost the growth of the global surgical imaging market. As per the United Nations, the global population is expected to reach nearly 8.5 Billion in the year 2030.

• Increasing Incidence of Deaths– According to the Centers for Disease Control and Prevention, there were nearly 14.8 Million adults diagnosed with ulcers in the year 2018.

• Rising Demand for Minimally Invasive Surgical Procedures- More than 13 Million laparoscopic procedures are performed every year across the world.

Challenges

• Strict Approval Requirement

• High Cost for the Surgical Imaging System

• Lack of Skilled Professionals

The global surgical imaging market is segmented and analyzed for demand and supply by application into cardiovascular, gastrointestinal, neuro, orthopedic, and other surgeries. Out of these, the cardiovascular segment is anticipated to hold the largest share over the forecast period owing to the increasing number of patients suffering from cardiovascular diseases. According to the World Health Organization, nearly 17.9 Million people die each year from cardiovascular diseases, accounting for 32 percent of all deaths across the globe.

Global Surgical Imaging Market Regional Synopsis

Regionally, the global surgical imaging market is studied into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Amongst these markets, the market in the North America region is projected to hold the largest market share by the end of 2033 on the back of surging healthcare expenditure, and an increasing prevalence of chronic diseases. As per the Centers for Disease Control and Prevention, approximately 6 in 10 adults have a chronic disease in the United States.

Market Segmentation

Our in-depth analysis of the global surgical imaging market includes the following segments:

Key Companies Dominating the Global Surgical Imaging Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global surgical imaging market that are included in our report are Koninklijke Philips N.V., General Electric Company, Hologic, Inc., Siemens Healthcare GmbH, Agilent Technologies, Inc., CANON MEDICAL SYSTEMS CORPORATION, Toshiba Corporation, Carestream Health, Inc., NDS Surgical Imaging, Ziehm Imaging GmbH, and others.

Global Surgical Imaging Market: Latest Developments

• March, 2021: Ziehm Imaging GmbH announced the powerful packages for cardio and vascular interventions based on the fully motorized Ziehm Vision RFD Hybrid Edition.

• March, 2021: General Electric Company announced the clearance of 510(k) from the U.S. FDA for OEC 3D that enables more precise and efficient care.

Key Reasons to Buy Our Report

• The report covers a detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.    

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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