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 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:
- Ambulatory Surgery Centers
- Specialty Clinics
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