Global Image Guided Surgery Devices Market: Snapshot

Conventional surgical procedures are time consuming and less accurate, with risk of hazards to nearby nonsurgical area involved. Hence, demand for surgical techniques with enhanced accuracy and lesser turnaround time is increasing rapidly. Image guided surgical techniques offer advantages such as rapid surgical wound healing, minimum surgical scars and enhanced accuracy during surgical operations. Therefore, demand for image guided surgical procedures is increasing rapidly across the world.

global image guided surgery devices market

Demand from Neurosurgery Application Segment to Scale at a Higher Pace

The global image guided surgery devices market is divided into four segments: By device type, by application, by end user and by geography. Based on device type, the global image guided surgery devices market has been segmented into computed tomography scanners, ultrasound systems, magnetic resonance imaging, endoscope, x-ray fluoroscopy, positron emission tomography, single photon emission computed tomography. The computed tomography scanners segment accounted for the largest share in 2016. Computed tomography scanners have wide applications from tumor detection to imaging of soft tissue structures such as fat, lung and liver tissues. Moreover, turnaround time of computed tomography scanners is much lesser, which is beneficial for critical and complicated surgeries.

Based on application, the image guided surgery devices market is segmented into cardiac surgery, neurosurgery, orthopedic surgery, urology, gastroenterology, oncology surgery and others (ENT, dental, pulmonary surgery). The neurosurgery application segment accounted for the largest share in 2016. Minimum risk of hazards to nonsurgical sites in the brain and increase in accuracy in operating procedures are the major factors driving the neurosurgery application segment. Factors such as rising incidence of road accidents and increasing geriatric population are anticipated to fuel demand for orthopedic image guided surgeries during the forecast period. For instance, according to the Association for Safe International Road Travel (ASIRT), around 20 million to 50 million people are disabled or injured by road accidents globally every year. Considering the high number of road accidents, demand for orthopedic surgeries with image guided technology is expected to rise in the near future. Based on end user, the image guided surgery devices market is segmented into hospitals, ambulatory surgical centers, clinics, and research & academic institutes.

Favorable Reimbursement Policies in North America and Europe Aid Market’s Expansion

Geographically, the image guided surgery devices market has been categorized into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America was the largest market in 2016, followed by Europe. High health care expenditure, reimbursement coverage, high rate of adoption of new technologies and availability of skilled health care professionals to perform technically advanced surgeries are some of the factors driving the growth of the image guided surgery devices market in North America and Europe. On the other hand, the image guided surgery devices market in Asia Pacific is anticipated to grow at the higher CAGR compared to other regions during the forecast period from 2017 to 2025. Rapidly growing medical tourism industry is boosting demand for image guided surgeries in Asia Pacific. Moreover, government initiatives to support the growth of the health care industry and rising disposable income are some of the factors anticipated to support the growth of the image guided surgery devices market in Asia Pacific. The image guided surgery devices market in Latin America is a promising market, offering significant growth opportunities due to the presence of regulatory framework and increasing awareness about the benefits of image guided surgeries.

Major players operating in the global image guided surgery devices market are GE Healthcare, Siemens Healthineers, Olympus Corporation, Medtronic, Koninklijke Philips N.V., Analogic Corporation, Brainlab AG, KARL STORZ GmbH & Co. KG, Stryker, Varian Medical Systems, Inc. These players exhibit the larger geographical outreach with presence in multiple Image Guided Surgery Devices product categories.

Global Image Guided Surgery Devices Market: Scope and Methodology

This report on the global image guided surgery devices market analyzes the current and future prospects of the market. The report comprises an elaborate executive summary, including a market snapshot that provides overall information of various segments and sub-segments.

The research is a combination of primary and secondary research. Primary research formed the bulk of our research efforts along with information collected from telephonic interviews and interactions via e-mails. Secondary research involved study of company websites, annual reports, press releases, stock analysis presentations, and various international and national databases. The report provides market size in terms of US$ Mn for each segment for the period from 2015 to 2025, considering the macro and micro environmental factors. Growth rates for each segment within the global image guided surgery devices market have been determined after a thorough analysis of past trends, demographics, future trends, technological developments, and regulatory requirements.

A detailed qualitative analysis of factors responsible for driving and restraining market growth and future opportunities has been provided in the market overview section. This section of the report also includes market attractiveness analysis that provides a thorough analysis of the overall competitive scenario in the global image guided surgery devices market.

Market revenue in terms of US$ Mn for the period between 2015 and 2025 along with the compound annual growth rate (CAGR %) from 2017 to 2025 are provided for all the segments, considering 2016 as the base year. Market size estimations involved in-depth study of services and product features of different types of applications. Additionally, market related factors such as increasing preference for technologically advanced products, product innovation, and increasing incidences and prevalence of chronic diseases and traumas in various geographies and historical year-on-year growth have been taken into consideration while estimating the market size.

Image Guided Surgery Devices Market: Segmentation

Based on device type, the global image guided surgery devices market has been segmented into computed tomography (CT) scanners, ultrasound systems, magnetic resonance imaging (MRI), endoscope, x-ray fluoroscopy, positron emission tomography (PET) and single photon emission computed tomography (SPECT). Based on application, the image guided surgery devices market is segmented into cardiac surgery, neurosurgery, orthopedic surgery, urology, gastroenterology, oncology surgery and others. Based on end user, the image guided surgery devices market is segmented into hospitals, ambulatory surgical centers, clinics, and research & academic institutes.

Image Guided Surgery Devices Market: Geographical and Competitive Dynamics

Geographically, the global image guided surgery devices market has been segmented into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In addition, the regions have been further segmented by major countries from each region. These include the U.S., Canada, the U.K., Germany, France, Italy, Spain, Russia, Japan, China, India, Australia & New Zealand, Brazil, Mexico, GCC Countries, South Africa, and Israel

The report also profiles major players in the image guided surgery devices market based on various attributes such as company overview, financial overview, SWOT analysis, key business strategies, product portfolio, and recent developments. Key companies profiled in the report include GE Healthcare, Siemens Healthineers, Olympus Corporation, Medtronic, Koninklijke Philips N.V., Analogic Corporation, Brainlab AG, KARL STORZ GmbH & Co. KG, Stryker, Varian Medical Systems, Inc.

The global image guided surgery devices market has been segmented as follows:

Global Image Guided Surgery Devices Market, by Device Type

  • Computed Tomography (CT) Scanners
  • Ultrasound Systems
  • Magnetic Resonance Imaging (MRI)
  • Endoscope
  • X-ray Fluoroscopy
  • Positron Emission Tomography (PET)
  • Single Photon Emission Computed Tomography (SPECT)

Global Image Guided Surgery Devices Market, by Application

  • Cardiac Surgery
  • Neurosurgery
  • Orthopedic Surgery
  • Urology
  • Gastroenterology
  • Oncology Surgery
  • Others

Global Image Guided Surgery Devices Market, by End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Clinics
  • Research & Academic Institutes

Global Image Guided Surgery Devices Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Israel
    • Rest of Middle East & Africa
.