Integration of preoperative imaging dataset with real time operative field to trace and assist in reaching the exact location of surgical site is known as image guided surgery. Adoption of image guided surgeries is increasing due to rising demand for minimally invasive surgeries. Rapidly healing surgical wounds, minimum surgery time and reduction in surgical scars are the major factors boosting demand for minimally invasive surgeries. Moreover, rising incidence of trauma injuries coupled with increasing prevalence of neural diseases and orthopedic conditions demanding surgeries are driving the growth of image guided surgeries across the world.
The neurosurgery application segment accounted for the largest share in 2013. 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. On the other hand, the orthopedic surgery application segment is estimated to expand at the highest CAGR of 7.0% during the forecast period from 2014 to 2022. 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 during 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.
Computed tomography (CT) scanners have wide applications from tumor detection to imaging of soft tissue structures such as fat, lung and liver tissues. Moreover, turnaround time of CT scanners is much lesser (500 milliseconds), which is beneficial for critical and complicated surgeries. Therefore, adoption of CT scanners in image guided surgeries is high. The CT scanners segment was valued at USD 770 million in 2013.
North America was the largest market in 2013, 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 fastest CAGR of 6.9% during the forecast period from 2014 to 2022. 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. Key players mapped in the report include Analogic Corporation, Brainlab AG, General Electric Company, GSI Group, Inc., IMRIS, Inc., Integra LIfeSciences Corporation, KARL STORZ GmbH & CO. KG., Toshiba Corporation, Siemens AG, Zimmer Holdings, Inc. Smith & Nephew plc, St. Jude Medical, Inc., and Stryker and Medtronic, Inc.
Image-guided surgery is a surgical procedure that utilizes preoperative or intraoperative images to facilitate precisely guided surgical instruments by correlating the operative field. The images taken during the surgery help in conducting the surgical procedure seamlessly; it reduces the chances of errors and minimizes the procedure time. Some of the major image guided surgery devices are computed tomography, magnetic resonance imaging, ultrasound, endoscope and X-ray fluoroscopy. Moreover, these devices are used in various clinical procedures in neurosurgery, orthopedic, ENT, and maxillofacial surgery. Rising demand for better health care facilities, increased health care expenditure, growing popularity of image guided surgery devices, and rising government initiatives are fueling the growth of the market. This report covers the market analysis of different types of image guided surgery devices that are used in various surgeries.
The executive summary of the report comprises market snapshot of the global image guided surgery devices market and comparative analysis by geography in terms of value % for 2014 and 2022. Based on type of device, the global image guided surgery devices market has been segmented into X-ray fluoroscopy, ultrasound, magnetic resonance imaging (MRI) systems, computed tomography (CT) scanners, positron emission tomography (PET), endoscopes, and single photon emission computed tomography (SPECT). Based on application, the market has been segmented into neurosurgery, ENT, oncology, orthopedic, and others. In-depth market analysis and forecast for all the segments mentioned above have been provided in the report, in terms of market revenue (USD million) from 2012 to 2022. The report includes the compound annual growth rate (CAGR %) for each application segment (neurosurgery, ENT, oncology, orthopedic, and others) for the forecast period from 2015 to 2022, considering 2014 as the base year.
The market overview section of the image guided surgery devices market report analyzes the market dynamics and trends such as drivers, restraints, and opportunities that influence the current nature and future status of the global image guided surgery device market. Impact factors such as market attractiveness analysis by geography and Porter’s Five Forces analysis (bargaining power of suppliers, bargaining power of buyers, threat of new entrants, threat of substitutes, and competitive rivalry) of the global image guided surgery device market have been provided in this section of the report. In addition, market share analysis of key players (value %) for the year 2014 has been explained in the market overview section of the report in order to provide a thorough analysis of the overall competitive scenario in the global IGS devices market. Moreover, the report includes value chain analysis of the IGS devices market.
Geographically, the global image guided surgery devices market has been classified into six regions: North America, Europe, Asia Pacific, Latin America, the Middle East, and Rest of the World (RoW). The current and future market sizes (in terms of USD million) of the regional markets mentioned above have been provided in the report for the period from 2012 to 2022 along with the growth rate (CAGR %) for the period from 2014 to 2022. The study further offers recommendations for the image guided surgery devices market, which would be useful for existing and new players to sustain and grow in the market.
The image guided surgery devices market report concludes with the company profiles section that includes key information in terms of company overview, financial information, product portfolio, business strategies and recent development about the major players operating in the image guided surgery devices market. Detailed analysis of these companies is included in this section in order to provide a thorough analysis of the overall competitive scenario in the global IGS devices market. Key players profiled in the section include Siemens Healthcare, Toshiba Corporation, Koninklijke Philips N.V., Medtronic plc, Brainlab AG, St. Jude Medical, Inc., Varian Medical Systems, Inc., and General Electric Company.
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
- Magnetic Resonance Imaging (MRI) Machine
- X-ray Fluoroscopy Machine
- Positron Emission Tomography (PET) Machine
- Single Photon Emission Computed Tomography (SPECT) Equipment
Global Image Guided Surgery Devices Market, by Application
- Orthopedic Surgery
- Ear, Nose and Throat Surgery
- Oncology Surgery
Global Image Guided Surgery Devices Market, by Geography
- North America
- Rest of Europe
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East
- United Arab Emirates
- Saudi Arabia
- Rest of Middle East
- Rest of the World