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

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players 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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