Intraoperative Imaging Market by Product (Mobile C-arms, CT, Intraoperative MRI, Intraoperative Ultrasound), Application (Neurosurgery, Orthopedic, Trauma, Spine Surgery, Cardiovascular, ENT, Gastro, Maxillofacial Surgery) & End User (Hospitals, ASC, Clinic) - Global Forecast to 2021
[122 Pages Report] The global intraoperative imaging market is expected to reach USD 2.06 Billion by 2021 from USD 1.61 Billion in 2016, at a CAGR of 5.2% during the forecast period of 2016 to 2021. In this report, the global market is segmented based on product, application, end user, and region. A number of factors such as the growth in the aging population, rising burden of chronic diseases with changing lifestyles, increasing preference and demand for minimally invasive surgeries (MIS), and expanding applications of neurosurgery and orthopedic surgery are expected to fuel the growth of the market.
Key Market Dynamics in Intraoperative Imaging Market
Rising preference for minimally invasive procedures
Over the years, the preference and demand for minimally invasive surgery (MIS) has increased in tandem with technological advancements. As opposed to traditional open surgeries, MIS procedures have fewer complications; are faster to perform and reduce hospital stay and rehabilitation periods; cause minimal blood loss, trauma, and scarring; and have a reduced risk of infection. As MIS procedures are performed through small incisions, the demand for these procedures has increased significantly in neurosurgical procedures (biopsies, placement of electrodes, thermal ablations for malignant and benign tumors), orthopedic procedures (knee and hip replacements), and spine surgery.
According to a study conducted by Columbia University, every year, more than 250,000 hip replacement procedures are performed in the U.S., of which two-thirds are minimally invasive. Moreover, patients with coronary conditions who have reached an advanced age at the time of diagnosis opt for lower-impact minimally invasive procedures majorly due to the longer rehabilitation periods associated with traditional coronary procedures. As intraoperative imaging devices are widely used in MIS procedures, the growing preference for minimally invasive surgeries is expected to drive market growth in the coming years.
High cost of intraoperative imaging systems
Intraoperative imaging is increasingly being recognized as a tool for precise and effective surgeries. However, the high cost of intraoperative imaging systems is one of the major factors limiting their wider adoption among end users. For instance, iMRI units cost between USD 3,000,000 and USD 7,000,000; iCT scanners cost between USD 1,500,000 and USD 3,500,000; whereas, mobile C-arms cost above USD 150,000. Consequently, end users such as small or medium-sized hospitals cannot afford such premium-priced products due to budgetary constraints. Additionally, the use of intraoperative imaging equipment requires restructuring of operational procedures, and therefore, requires appropriate training for the staff involved in surgeries. This is a major factor limiting the growth of the intraoperative imaging systems market, especially in emerging economies.
In this report, the global intraoperative imaging market is segmented based on product, application, end user, and region. On the basis of product, the market is segmented into mobile c-arms, intraoperative computed tomography, intraoperative MRI, and intraoperative ultrasound. Mobile c-arms is expected to offer lucrative growth opportunities due to the high prevalence of cardiovascular diseases globally and growing number of orthopedic surgeries owing to the increasing geriatric population.
Based on application, the market is segmented into neurosurgery, orthopedic & trauma surgery, spine surgery, cardiovascular surgery and other applications. Considering the growing prevalence of neurological disorders, rising use of minimally invasive techniques for neurological procedures, and use of neurostimulation devices for the treatment of neurological disorders, the market for the neurosurgery segment is expected to register the highest CAGR during the forecast period.
Based on end user, the market is segmented into hospitals and ambulatory surgery centers (ASCs) & clinics. In 2016, the hospitals segment accounted for the largest share of the market. Factors such as growing number of patients undergoing treatments in hospitals than in clinics, implementation of government initiatives for installing intraoperative imaging systems in hospitals, and increasing number of hospitals in emerging Asian countries are driving the growth of this end-user segment.
Key players operating in the intraoperative imaging market are Medtronic (Ireland), General Electric Company (U.S.), Siemens AG (Germany), Brainlab AG (Germany), Koninklijke Philips NV (Netherlands), IMRIS Deerfield Imaging (U.S.), NeuroLogica Corporation (U.S.), Ziehm Imaging GmbH (Germany), Toshiba Corporation (Japan), and Shimadzu Corporation (Japan).
Target Audience:
- Intraoperative imaging equipment manufacturers and suppliers
- Neurosurgical/spinal surgery/orthopedic associations
- Neurosurgical/spinal surgery/orthopedic clinics and hospitals
- Academic institutes and universities
- Medical device manufacturers
- Research and consulting firms
To know about the assumptions considered for the study, download the pdf brochure
Scope of the Report
- This study covers the global and regional market for intraoperative imagingby product, application, end user, and region
Market Segmentation
Intraoperative Imaging Market, by Product
- Mobile C-arms
- Intraoperative CT
- Intraoperative MRI
- Intraoperative Ultrasound
Intraoperative Imaging Market, by Application
- Neurosurgery
- Orthopedic and Trauma Surgery
- Spine Surgery
- Cardiovascular Surgery Other Applications (Urological Surgery, Gastroenterological Surgery, ENT Surgery and Maxillofacial Surgery)
Intraoperative Imaging Market, by Region
- North America
- U.S.
- Canada
- Europe
- EU-3 (Germany, France, U.K.)
- Rest of Europe (RoE)
- Asia
- Rest of the World (RoW)
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the companys specific needs. The following customization options are available for the report:
Geographic Analysis
- Further breakdown of the European intraoperative imaging market into Germany, France, the U.K., Italy, and Spain
- Further breakdown of the Asia market into India, China, and Japan.
Company Information
- Detailed analysis and profiling of additional market players (up to five)
The global Intraoperative Imaging market is projected to reach USD 2.06 Billion by 2021 from USD 1.61 Billion in 2016, at a CAGR of 5.2% during the forecast period of 2016 to 2021. A number of factors, such as the growth in the aging population, rising burden of chronic diseases with changing lifestyles, increasing preference and demand for minimally invasive surgeries (MIS), and expanding applications of neurosurgery and orthopedic surgery are expected to fuel the growth of the market. However, the high cost of intraoperative imaging equipment is expected to create a negative impact on the growth of this market.
In this report, the global market is segmented based on product, application, end user, and region. On the basis of product, the market is segmented into mobile c-arms, intraoperative computed tomography, intraoperative MRI, and intraoperative ultrasound. Mobile c-arms is expected to offer lucrative growth opportunities due to the high prevalence of cardiovascular diseases globally and growing number of orthopedic surgeries owing to the increasing geriatric population.
Based on application, the market is segmented into neurosurgery, orthopedic & trauma surgery, spine surgery, cardiovascular surgery and other applications. Considering the growing prevalence of neurological disorders, rising use of minimally invasive techniques for neurological procedures, and use of neurostimulation devices for the treatment of neurological disorders, the market for the neurosurgery segment is expected to register the highest CAGR during the forecast period.
The intraoperative imaging market is segmented into four major regions, namely, North America, Europe, Asia, and the Rest of the World (RoW). In 2016, North America accounted for the largest share of the global market. However, Asia is expected to grow at the highest CAGR during the forecast period. The market for intraoperative imaging is driven by infrastructural improvements in healthcare facilities, growth in the geriatric population, increasing prevalence of orthopedic disorders, and growing disposable incomes in the emerging economies. On the other hand, the high purchase and maintenance costs of intraoperative imaging systems may restrict the growth of the Asian market to a certain extent.
GE Company (U.S.), Siemens AG (Germany), Koninklijke Philips N.V. (Netherlands), Ziehm Imaging GmbH (Germany), Toshiba Corporation (Japan), Medtronic (Ireland), Brainlab AG (Germany), IMRIS Deerfield Imaging (U.S.), NeuroLogica Corporation (U.S.), and Shimadzu Corporation (Japan) are some of the key players in the market.
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Table of Contents
1 Introduction (Page No. - 13)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 16)
2.1 Market Size Estimation
2.2 Market Breakdown and Data Triangulation
2.3 Assumptions for the Study
3 Executive Summary (Page No. - 23)
4 Premium Insights (Page No. - 27)
4.1 Market Overview
4.2 Intraoperative Imaging Market Size, By Application, 2016 vs 2021 (USD Million)
4.3 Market, By End User
4.4 Market Size, By Product
4.5 Geographic Growth Opportunities
5 Market Overview (Page No. - 30)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Market Drivers
5.2.1.1 Rising Geriatric Population and Subsequent Growth in Prevalence of Chronic Diseases
5.2.1.2 Rising Preference for Minimally Invasive Procedures
5.2.1.3 Requirement of Superior Imaging in Orthopedic & Neurological Procedures
5.2.2 Market Restraints
5.2.2.1 High Cost of Intraoperative Imaging Systems
5.2.3 Market Opportunities
5.2.3.1 Emerging Markets
5.2.4 Market Challenges
5.2.4.1 Survival of New Entrants and Small Players
6 Intraoperative Imaging Market, By Product (Page No. - 35)
6.1 Introduction
6.2 Mobile C-Arms
6.3 Intraoperative Computed Tomography
6.4 Intraoperative Magnetic Resonance Imaging
6.5 Intraoperative Ultrasound
7 Intraoperative Imaging Market, By Application (Page No. - 44)
7.1 Introduction
7.2 Neurosurgery
7.3 Orthopedic & Trauma Surgery
7.4 Spine Surgery
7.5 Cardiovascular Surgery
7.6 Other Applications
8 Intraoperative Imaging Market, By End User (Page No. - 55)
8.1 Introduction
8.1.1 Hospitals
8.1.2 Ambulatory Surgical Centers and Clinics
9 Intraoperative Imaging Market, By Region (Page No. - 61)
9.1 Introduction
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 Europe
9.3.1 Rest of Europe (RoE)
9.4 Asia
9.4.1 Rest of Asia (RoA)
9.5 Rest of the World (RoW)
10 Competitive Landscape (Page No. - 86)
10.1 Overview
10.2 Market Share Analysis
10.3 Strategic Overview
10.4 Competitive Situation and Trends
10.4.1 Agreements, Partnerships and Collaborations
10.4.2 Product Launches and Approvals
10.4.3 Expansions
10.4.4 Mergers and Acquisitions
11 Company Profiles (Page No. - 94)
11.1 Introduction
(Overview, Products and Services, Financials, Strategy & Development)*
11.2 General Electric Company
11.3 Koninklijke Philips N.V.
11.4 Siemens AG
11.5 Medtronic
11.6 Ziehm Imaging GmbH
11.7 Imris Inc. (Deerfield Imaging)
11.8 Toshiba Corporation
11.9 Shimadzu Corporation
11.10 Brainlab AG
11.11 Neurologica Corporation
*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 114)
12.1 Insights From Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets Subscription Portal
12.5 Available Customizations
12.6 Related Reports
12.7 Author Details
List of Tables (68 Tables)
Table 1 Statistics on Geriatric Population, By Region
Table 2 Intraoperative Imaging Market Size, By Product, 20142021 (USD Million)
Table 3 Mobile C-Arms Market Size, By Region, 20142021 (USD Million)
Table 4 North America: Mobile C-Arms Market Size, By Country, 20142021 (USD Million)
Table 5 Europe: Mobile C-Arms Market Size, By Region, 20142021 (USD Million)
Table 6 Intraoperative Ct Market Size, By Region, 20142021 (USD Million)
Table 7 North America: Intraoperative Ct Market Size, By Country, 20142021 (USD Million)
Table 8 Europe: Intraoperative Ct Market Size, By Region, 20142021 (USD Million)
Table 9 Intraoperative Mri Market Size, By Region, 20142021 (USD Million)
Table 10 North America: Intraoperative Mri Market Size, By Country, 20142021 (USD Million)
Table 11 Europe: Intraoperative Mri Market Size, By Region, 20142021 (USD Million)
Table 12 Intraoperative Ultrasound Market Size, By Region, 20142021 (USD Million)
Table 13 North America: Intraoperative Ultrasound Market Size, By Country, 20142021 (USD Million)
Table 14 Europe: Intraoperative Ultrasound Market Size, By Region, 20142021 (USD Million)
Table 15 Global Market Size, By Application, 20142021 (USD Million)
Table 16 Global Market Size for Neurosurgery, By Region, 20142021 (USD Million)
Table 17 North America: Market Size for Neurosurgery, By Country, 20142021 (USD Million)
Table 18 Europe: Market Size for Neurosurgery, By Region, 20142021 (USD Million)
Table 19 Global Market Size for Orthopedic and Trauma Surgery, By Region, 20142021 (USD Million)
Table 20 North America: Market Size for Orthopedic and Trauma Surgery, By Country, 20142021 (USD Million)
Table 21 Europe: Market Size for Orthopedic and Trauma Surgery, By Region, 20142021 (USD Million)
Table 22 Global Market Size for Spine Surgery, By Region, 20142021 (USD Million)
Table 23 North America: Market Size for Spine Surgery, By Country, 20142021 (USD Million)
Table 24 Europe: Market Size for Spine Surgery, By Region, 20142021 (USD Million)
Table 25 Global Market Size for Cardiovascular Surgery, By Region, 20142021 (USD Million)
Table 26 North America: Market Size for Cardiovascular Surgery, By Country, 20142021 (USD Million)
Table 27 Europe: Market Size for Cardiovascular Surgery, By Region, 20142021 (USD Million)
Table 28 Global Market Size for Other Applications, By Region, 20142021 (USD Million)
Table 29 North America: Market Size for Other Applications, By Country, 20142021 (USD Million)
Table 30 Europe: Market Size for Other Applications, By Region, 20142021 (USD Million)
Table 31 Market Size, By End User, 2014-2021 (USD Million)
Table 32 Market Size for Hospitals, By Region, 2014-2021 (USD Million)
Table 33 North America: Market Size for Hospitals, By Country, 2014-2021 (USD Million)
Table 34 Europe: Market Size for Hospitals, By Region, 2014-2021 (USD Million)
Table 35 Market Size for Ascs & Clinics, By Region, 2014-2021 (USD Million)
Table 36 North America: Market Size for Ascs & Clinics, By Country, 2014-2021 (USD Million)
Table 37 Europe: Market Size for Ascs & Clinics, By Region, 2014-2021 (USD Million)
Table 38 Market Size, By Region, 20142021 (USD Million)
Table 39 North America: Market Size, By Country, 20142021 (USD Million)
Table 40 North America: Market Size, By Product, 20142021 (USD Million)
Table 41 North America: Market Size, By Application, 20142021 (USD Million)
Table 42 North America: Market Size, By End User, 20142021 (USD Million)
Table 43 U.S.: Market Size, By Product, 20142021 (USD Million)
Table 44 U.S.: Market Size, By Application, 20142021 (USD Million)
Table 45 U.S.: Market Size, By End User, 20142021 (USD Million)
Table 46 Canada: Market Size, By Product, 20142021 (USD Million)
Table 47 Canada: Market Size, By Application, 20142021 (USD Million)
Table 48 Canada: Market Size, By End User, 20142021 (USD Million)
Table 49 Europe: Market Size, By Region, 20142021 (USD Million)
Table 50 Europe: Market Size, By Product, 20142021 (USD Million)
Table 51 Europe: Market Size, By Application, 20142021 (USD Million)
Table 52 Europe: Market Size, By End User, 20142021 (USD Million)
Table 53 Eu-3: Market Size, By Product, 20142021 (USD Million)
Table 54 Eu-3: Market Size, By Application, 20142021 (USD Million)
Table 55 Eu-3: Market Size, By End User, 20142021 (USD Million)
Table 56 RoE: Market Size, By Product, 20142021 (USD Million)
Table 57 RoE: Market Size, By Application, 20142021 (USD Million)
Table 58 RoE: Intraoperative Imaging Market Size, By End User, 20142021 (USD Million)
Table 59 Asia: Market Size, By Product, 20142021 (USD Million)
Table 60 Asia: Market Size, By Application, 20142021 (USD Million)
Table 61 Asia: Market Size, By End User, 20142021 (USD Million)
Table 62 RoW: Intraoperative Imaging Market Size, By Product, 20142021 (USD Million)
Table 63 RoW: Market Size, By Application, 20142021 (USD Million)
Table 64 RoW: Intraoperative Imaging Market Size, By End User, 20142021 (USD Million)
Table 65 Agreements, Partnerships and Collaborations, 20142017
Table 66 Product Launches and Approvals, 20142017
Table 67 Expansions, 20142017
Table 68 Mergers and Acquisitions, 20142017
List of Figures (37 Figures)
Figure 1 Market Segmentation
Figure 2 Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 6 Data Triangulation Methodology
Figure 7 Key Data From Secondary Sources
Figure 8 Key Data Points From Primary Sources
Figure 9 Global Market Size, By Product, 2016 vs 2021
Figure 10 Global Market Size, By Application, 2016 vs 2021
Figure 11 Global Market Size, By End User, 2016 vs 2021
Figure 12 Geographic Snapshot of the Intraoperative Imaging Market
Figure 13 Expanding Application Areas of Intraoperative Imaging to Drive Market Growth
Figure 14 Neurosurgery Segment Dominated the Market in 2016
Figure 15 Hospitals to Register the Higher CAGR From 2016 to 2021
Figure 16 Mobile C-Arms Accounted for the Largest Share of the Intraoperative Imaging Market in 2016
Figure 17 Asia to Register the Highest CAGR in the Forecast Period
Figure 18 Drivers, Restraints, Opportunities, and Challenges
Figure 19 Mobile C-Arms Dominated the Intraoperative Imaging Products Market in 2016
Figure 20 Orthopedic & Trauma Surgery Segment to Witness Highest Growth Rate During the Forecast Period
Figure 21 Hospitals to Command the Largest Share of the Intraoperative Imaging End-User Market in 2016
Figure 22 North America Dominated the Global Intraoperative Imaging Market in 2016
Figure 23 North America: Market Snapshot
Figure 24 Europe: Market Snapshot
Figure 25 Asia: Market Snapshot
Figure 26 RoW: Market Snapshot
Figure 27 Market Share Analysis, By Key Players (2015)
Figure 28 Key Developments in the Intraoperative Imaging Market, 2014-2017
Figure 29 Market Evolution Framework
Figure 30 Battle for Market Share: Agreements, Partnerships, and Collaborations Was the Key Growth Strategy Adopted By Market Players
Figure 31 Geographic Revenue Mix for the Top 5 Players in the Market
Figure 32 General Electric Company: Company Snapshot (2015)
Figure 33 Koninklijke Philips N.V.: Company Snapshot (2015)
Figure 34 Siemens AG: Company Snapshot (2015)
Figure 35 Medtronic: Company Snapshot (2015)
Figure 36 Toshiba Corporation: Company Snapshot (2015)
Figure 37 Shimadzu Corporation: Company Snapshot (2015)
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Growth opportunities and latent adjacency in Intraoperative Imaging Market