Global Orthopedic Radiology Equipment Market Introduction

Orthopedic radiology equipment are imaging systems that are widely used for the diagnosis and treatment of various orthopedic disorders such as osteoarthritis, rheumatoid arthritis, and several musculoskeletal conditions. Orthopedic radiology equipment assist physicians and surgeons in better understanding bone injuries and ailments by getting precise images of the damaged bones. Various types of radiology equipment used in health care establishments include X-ray machines, computed tomography scan systems, ultrasound systems, and magnetic resonance imaging (MRI) systems. 

Global Orthopedic Radiology Equipment Market - Competitive Landscape

The global orthopedic radiology equipment market is highly consolidated, with a few global players holding majority share. Key trends in the global orthopedic radiology equipment market include new product development and commercialization, and mergers and acquisitions. 

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Siemens Healthineers (Siemens AG)

Siemens Healthineers, a subsidiary of Siemens AG, develops, manufactures, and distributes products in the field of clinical laboratory, imaging, therapeutic systems, consumer health care solutions, and other clinical solutions. Its clinical diagnostics segment offers instruments, reagents, and services in the areas of clinical chemistry, drug testing, hematology, hemostasis, immunoassay, urinalysis, molecular diagnostics, and laboratory automation and integration. Under the orthopedic radiology equipment category, the company provides a wide range of imaging equipment such as digital X-ray systems, mobile X-ray systems, analog X-ray systems, ultrasound imaging systems, and CT scan systems. 

Hitachi Koki Co., Ltd. (Hitachi, Ltd.)

Hitachi Koki Co., Ltd. is a Japan-based fully-owned subsidiary of Hitachi, Ltd. The company is engaged in the manufacture and marketing of power tools and life science instruments across various business segments. 

Hitachi Koki Co., Ltd. operates primarily through two business segments: Power Tools and Life Science Instruments. The company offers a wide range of orthopedic radiology equipment. Hitachi Koki Co., Ltd.’s radiology equipment portfolio includes CT scans, digital radiology systems, X-ray systems, ultrasound systems, and MRI scan systems. 

GE Healthcare

GE Healthcare is one of the global leaders in development, manufacture, and commercialization of imaging systems across the globe. It operates through three business segments: Life Sciences, Health Care Systems, and Health Care Digital. The company provides medical technologies and services such as medical imaging, software and information technology (IT), patient monitoring and diagnostics, drug discovery, biopharmaceutical manufacturing technologies, and performance improvement solutions. GE Healthcare serves customers in regions such as the U.S., Europe, Asia, Latin America, and Middle East & Africa. The company offers a broad range of MRI systems, X-ray systems, ultrasound systems, and digital radiology systems. 

Koninklijke Philips N.V.

Koninklijke Philips N.V. is one of the leading players in the global medical imaging systems market. It has one of the broadest and technologically advanced imaging systems in its portfolio. The company’s product portfolio includes more than 450 products and services with applications in different medical specialties, especially cardiovascular, orthopedics, in-vitro diagnostics, pulmonology, and oncology. Under orthopedic radiology, the company offers different types of ultrasound systems, CT scan systems, radiography systems, MRI systems, and X-ray systems. The company offers new as well as refurbished imaging systems. 

Other leading players operating in the global orthopedic radiology equipment market include EOS Imaging SA, Teledyne DALSA, CANON MEDICAL SYSTEMS KOREA CO., LTD. and Planmed Oy. 

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Orthopedic Radiology Equipment Market - Dynamics

High Prevalence and Incidence Rates of Orthopedic Disorders to Drive Market

The global orthopedic radiology equipment market is primarily driven by high prevalence and rise in incidence of orthopedic disorders across the globe. Rise in prevalence of arthritis, avascular necrosis, sports injuries, osteoarthritis, and accidental injuries is likely to fuel the orthopedic radiology equipment market during the forecast period. According to the World Health Organization (WHO), musculoskeletal conditions are the second leading contributors of disability worldwide. According to the United States Bone and Joint Initiative, around 126 million people in the U.S. are affected by musculoskeletal condition. According to the International Osteoporosis Foundation, more than 8.9 million fractures are recorded every year across the globe due to osteoporosis.  Thus, high prevalence of orthopedic disorders across the globe is projected to boost the orthopedic radiology equipment market during the forecast period. 

Technological advancements in the development of orthopedic radiology equipment, such as development of digital radiography systems, mobile radiography, wireless transducers, peri-operative MRI systems, and OLED displays, are likely to propel the demand for orthopedic radiology equipment during the forecast period. 

Global Orthopedic Radiology Equipment Market - Segmentation

In terms of equipment, the global market can be classified into:

  • X-ray Equipment
    • Digital X-ray
    • Analog X-ray
    • Mobile X-ray
  • CT Scan Equipment
  • MRI Equipment

In terms of end-user, the global market can be divided into:

  • Hospitals
  • Ambulatory Surgery Centers
  • Specialty Clinics

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Orthopedic Radiology Equipment Market

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