Surgical Imaging Market

Surgical Imaging Market by Technology (Image Intensifier C-arms, Flat Panel Detector C-arms), Application (Orthopedic & Trauma Surgeries, Neurosurgeries, Cardiovascular Surgeries), End User ( Hospital, Surgery Center) - Global Forecasts to 2025

Report Code: MD 2840 Feb, 2021, by marketsandmarkets.com

[143 Pages Report] The global surgical imaging market is projected to reach USD 2.4 billion by 2025 from an estimated USD 1.8 billion in 2020, at a CAGR of 6.3% during the forecast period. The major factors driving the growth of this market include the advantages of FPDs over image intensifiers, technological advancements, reimbursement cuts for analog radiography systems, and the increasing demand for minimally invasive procedures. However, the high cost of systems is estimated to restrain the growth of this market during the forecast period.

Surgical Imaging Market

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COVID-19 Impact on the Surgical Imaging Market

The COVID-19 outbreak has upended many lives and businesses on an unprecedented scale. The pandemic is going to negatively impact the surgical imaging market. The pandemic has put significant strain on the healthcare systems of the world. During this period, healthcare institutions and providers have been instructed to stop performing elective surgical procedures and medical examinations to slow the spread of the disease and conserve healthcare resources for COVID-19 patients.

According to a report published by researchers of CovidSurg Collaborative, around 28 million surgeries were canceled across the globe during 12 weeks of peak disruption during the COVID-19 pandemic. . The American Hospital Association estimated an average loss of revenues to US hospitals of USD 50.7 billion per month from March 1 to June 30, 2020 due to loss of elective procedures (as these procedures typically constitute a substantial part of hospital revenue).

Capital markets and economies worldwide have been negatively impacted by the COVID-19 pandemic, and it may cause an extended regional or global economic recession. Such economic disruption could have a negative impact on surgical imaging manufacturers. Most hospitals have deferred their ongoing purchase of capital equipment. A similar decrease in system installation and utilization is expected in Q3 and Q4 2020, given the recurrence of COVID-19 in some regions. Demand is expected to reach pre-COVID levels by early 2022. Furthermore, as economic pressures increase, customers will seek leasing or alternative financing arrangements instead of outright purchases, leading to deferred revenues for surgical imaging system manufacturers.

Surgical Imaging Market Dynamics

Drivers: Advantages of FPDs over image intensifiers

The evolution of C-arms—from the traditional X-ray image intensifier technology to digital flat-panel detectors (FPDs)—has brought about significant advancements in surgical imaging. FPDs have a number of advantages over image intensifiers, such as compact size and reduced radiation dose. Although resolution varies from model to model, FPDs have the ability to produce a more consistent, high-quality digital image.

While the quality of images generated from traditional image intensifiers deteriorates as the system ages, this is not the case with FPDs. They continue to deliver the same image quality even years after use and can provide a wider and more dynamic range of imaging compared to image intensifiers. Additionally, in the case of image intensifiers, the field of vision is reduced with higher magnification; this does not happen if FPDs are used. Due to a larger opening in C-arms, physicians get more space to operate near the patient and use their instruments in a hassle-free manner. FPDs offer other important advantages such as lower exposure to radiation, no image distortion, greater sensitivity, and better patient coverage. Due to such advantages, the preference for FPD C-arms among hospitals is increasing, thereby driving market growth.

Also, as many companies are introducing FPD C-arms, the cost of these systems is coming down. This would further increase the adoption of these systems.

Restrains: High price of surgical imaging systems

Owing to their advanced features and functionalities, mobile C-arms are generally expensive and cost above USD 200,000. Advanced mobile C-arms are equipped with powerful generators (up to 20kW), which enable the penetration of dense anatomies. GE Healthcare’s OEC 9900 Elite and Ziehm Imaging’s Vision RFD are among the most expensive mobile C-arms manufactured. The large image displays in these mobile C-arms enable a precise evaluation of the images while allowing surgeons to view and analyze these images at a distance.

In addition to the high purchase cost, these equipment have several other direct expenses for printers and DICOM boxes, which results in an overall increase in the total cost of ownership. Due to the requirement of significant capital expenditure, many small and medium-sized institutions find it hard to purchase these equipment.

Another concern is the decrease in hospital budgets—for instance, in the US, the Florida government’s budget cuts for South Florida hospitals amounted to USD 160 million in 2017. In 2017, 44 urban hospitals in Denver faced budget cuts ranging between USD 0.1 million to USD 20 million. Hospitals in European countries also faced similar budget cuts, with further reductions expected in the coming years. Reductions in budgets have necessitated cost-containment measures in many facets of hospital operations. Cost-cutting has resulted in staff lay-offs, delays in facility upgrades, and freezing the purchases of capital equipment such as high-cost C-arm systems. Furthermore, the current pandemic situation has put a lot of financial strain on healthcare facilities, which is making an outright purchase of capital equipment quite difficult for them. Most hospitals have delayed the purchase of capital equipment (by a year or more), which could negatively impact the surgical imaging market in the coming years.

Opportunities: Emerging markets and growing medical tourism 

Brazil, Russia, India, China, and South Africa (BRICS) are among the fastest-growing economies in the world. According to the Centre for Economics and Business Research (CEBR), it is projected that by 2028, China will overtake the US to become the world’s largest economy. Similarly, India is expected to become the third-largest economy in the world by 2030.

More than half of the world’s population resides in India and China, owing to which these countries are home to a large patient base. The increasing burden of cancer, improvements in healthcare infrastructure, the presence of a less-stringent regulatory environment, and growing medical tourism are encouraging players in the surgical imaging market to increase their presence in emerging countries.

Owing to the expansion of the patient population base, the number of hospitals and surgical centers is expected to increase in emerging countries in the coming years. Also, currently, governments in these countries are undertaking initiatives to expand and modernize their respective healthcare infrastructures.

Market saturation in developed regions, such as North America and Europe, will further compel surgical imaging equipment providers to focus on emerging markets in the coming years. In addition, countries such as India, Mexico, Thailand, Singapore, Malaysia, and South Africa have emerged as major medical tourism destinations for patients worldwide. The major factors responsible for this trend are the low cost of medical procedures and improvements in medical infrastructure in these countries. For instance, the cost of a hip replacement surgery in India is USD 6,000–7,000, whereas the same procedure costs around USD 45,000–50,000 in the US. This has resulted in an increasing number of patients visiting developing countries to undergo surgical procedures. In this scenario, surgical imaging systems are expected to play a major role in effectively managing the growing patient volume in these countries, thus creating potential opportunities for market growth.

The image intensifier segment to hold the largest market share in 2020

Based on technology, the surgical imaging market has been segmented into image intensifier C-arms and FPD C-arms. The image intensifier C-arms segment commanded the largest share of 75.1% of the market in 2019. However, the FPD C-arms segment is projected to register the highest CAGR of 7.7% during the forecast period. The large market share of this segment can be attributed to the large installed base, low price and low maintenance costs of this systems.

The orthopedic & trauma surgeries application segment to hold the largest market share in 2020

Based on application, the market has been segmented into orthopedic & trauma surgeries, neurosurgeries, cardiovascular surgeries, gastrointestinal surgeries, and other applications (urological, endobronchial & thoracic, and maxillofacial surgeries). The orthopedic & trauma surgeries segment is the largest and the fastest-growing application segment in this market. This can be attributed to the increasing popularity of minimally invasive procedures in orthopedic and trauma surgeries and the advantage of 3D navigation in these surgeries through the use of C-arms.

The hospitals end user segment to hold the largest market share in 2020

Based on end users, the market is divided into hospitals and surgery centers. Hospitals are expected to account for the largest share of the surgical imaging market in 2020, while surgery centers are expected to account for the highest growth rate. The large share of this segment can be attributed to  the rising demand for effective disease management, growing surgical procedural volumes in hospitals, and the increasing number of hospitals being set up in developing countries.

Asia Pacific to witness significant growth from 2020 to 2025

North America is the largest regional market for surgical imaging systems, followed by Europe. the APAC market is estimated to grow at the highest CAGR during the forecast period. The high growth in this regional market can be attributed to the rising prevalence of chronic diseases, improving healthcare infrastructure, and the increasing demand from key markets such as Japan, China, and India

Surgical Imaging Market by Region

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Key Market Players

GE Healthcare (UK), Siemens AG (Germany), Koninklijke Philips (Netherlands), and Ziehm Imaging (Germany), are some of the leading players of the  surgical imaging market.

Scope of Market

Report Metric

Details

Base year considered

2019

Forecast period

2020–2025

Forecast units

Value (USD Billion)

Segments covered

By Technology, By Application, By End Users &  by Region

Geographies covered

North America, Europe, Asia Pacific, ROW

Companies covered

The major market players include GE Healthcare (UK), Siemens AG (Germany), Koninklijke Philips (Netherlands), and Ziehm Imaging (Germany), Shimadzu Corporation (Japan), Canon Medical Systems (Japan)(Total 20 companies)

The study categorizes the surgical imaging market based on technology, application, end-users at the regional and global levels.

By Technology

  • Image Intensifier C-arms
  • Flat-Panel Detector C-arms (FPD C-arms)

By Application

  • Orthopedic & Trauma Surgeries
  • Cardiovascular Surgeries
  • Neurosurgeries
  • Gastrointestinal Surgeries
  • Other Applications

By End User

  • Hospitals
  • Surgery Centers & Clinics

By Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe (RoE)
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of APAC (RoAPAC)
  • RoW

Recent Developments

  • In 2020, Siemens Healthineers agreed to acquire Varian Medical Systems (in a deal that values Varian at USD 16.4 billion). The deal is expected to close in the first half of 2021.
  • In 2020, GE Healthcare launched OEC-3D is a new C-arm designed to deliver 3D and 2D images presenting a large field of view to surgeons for enhanced surgical imaging precision and efficiency.
  • In 2020, Siemens Healthineers launched Cios Flow, a mobile C-arm designed to increase the ease and efficiency of everyday imaging workflows for surgical interventions.
  • In 2020, Philips acquired Intact Vascular, a company with a large imaging portfolio, for more than USD 275 million.
  • In 2019, Shimadzu Medical Systems USA, a subsidiary of Shimadzu Corporation, acquired Core Medical Imaging, Inc. to further expand its healthcare business in North America.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 21)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 INCLUSIONS AND EXCLUSIONS
           1.3.1 MARKETS COVERED
                 FIGURE 1 SURGICAL IMAGING MARKET SEGMENTATION
           1.3.2 YEARS CONSIDERED FOR THE REPORT
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 24)
    2.1 RESEARCH DATA
    2.2 RESEARCH METHODOLOGY STEPS
        FIGURE 2 RESEARCH METHODOLOGY: SURGICAL IMAGING MARKET
        FIGURE 3 RESEARCH DESIGN
           2.2.1 SECONDARY DATA
                    2.2.1.1 Key data from secondary sources
           2.2.2 PRIMARY DATA
                 FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
                 FIGURE 5 PRIMARY SOURCES
                    2.2.2.1 Key data from primary sources
    2.3 MARKET SIZE ESTIMATION METHODOLOGY
        FIGURE 6 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
        FIGURE 7 MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS
    2.4 MARKET DATA ESTIMATION AND TRIANGULATION
        FIGURE 8 DATA TRIANGULATION METHODOLOGY
    2.5 ASSUMPTIONS FOR THE STUDY
    2.6 COVID-19-SPECIFIC ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. - 33)
  FIGURE 9 SURGICAL IMAGING MARKET, BY TECHNOLOGY, 2020 VS. 2025 (USD MILLION)
  FIGURE 10 SURGICAL IMAGING MARKET, BY APPLICATION, 2020 VS. 2025 (USD MILLION)
  FIGURE 11 SURGICAL IMAGING MARKET, BY END USER, 2020 VS. 2025 (USD MILLION)
  FIGURE 12 GEOGRAPHICAL SNAPSHOT OF THE SURGICAL IMAGING MARKET

4 PREMIUM INSIGHTS (Page No. - 36)
    4.1 GLOBAL SURGICAL IMAGING MARKET OVERVIEW
        FIGURE 13 ADVANTAGES OF FLAT-PANEL DETECTORS OVER IMAGE INTENSIFIERS TO DRIVE MARKET GROWTH
    4.2 NORTH AMERICA: SURGICAL IMAGING MARKET, 2019
        FIGURE 14 IMAGE INTENSIFIER C-ARMS ACCOUNTED FOR THE LARGEST SHARE OF THE NORTH AMERICAN MARKET IN 2019
    4.3 SURGICAL IMAGING MARKET, BY TECHNOLOGY
        FIGURE 15 IMAGE INTENSIFIER C-ARMS TO ACCOUNT FOR THE LARGEST MARKET SHARE IN 2020 AND 2025
    4.4 SURGICAL IMAGING MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES
        FIGURE 16 ASIA PACIFIC MARKET TO WITNESS THE HIGHEST GROWTH DURING THE FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 39)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 17 SURGICAL IMAGING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Advantages of FPDs over image intensifiers
                    5.2.1.2 Reimbursement cuts for analog radiography systems
                    5.2.1.3 Technological advancements
                            TABLE 1 TECHNOLOGICAL ADVANCEMENTS IN SURGICAL IMAGING
                    5.2.1.4 Increasing demand for minimally invasive procedures
           5.2.2 RESTRAINTS
                    5.2.2.1 High cost of surgical imaging systems
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing number of surgical procedures conducted in ASCs
                    5.2.3.2 Growing demand for data-integrated imaging systems
                    5.2.3.3 Emerging markets and growing medical tourism
           5.2.4 CHALLENGES
                    5.2.4.1 Imaging obese patients
    5.3 IMPACT OF COVID-19 ON THE SURGICAL IMAGING MARKET
        FIGURE 18 IMPACT OF COVID-19 ON THE SURGICAL IMAGING MARKET
    5.4 ECOSYSTEM
        FIGURE 19 SURGICAL IMAGING MARKET ECOSYSTEM
    5.5 TECHNOLOGY ANALYSIS
        TABLE 2 TECHNOLOGICAL DEVELOPMENTS BY LEADING PLAYERS
    5.6 RULES & REGULATIONS
           5.6.1 ELECTRONIC PRODUCT RADIATION CONTROL (EPRC) AND THE MEDICAL DEVICE PROVISIONS OF THE FEDERAL FOOD, DRUG, AND COSMETIC ACT
           5.6.2 MDR REGULATION
           5.6.3 THE ATOMIC ENERGY (RADIATION PROTECTION) RULES, 2004 [AE(RP)R-2004], PROMULGATED UNDER THE ATOMIC ENERGY ACT, 1962 (INDIA)
    5.7 PRICING ANALYSIS
        TABLE 3 ASP OF MOBILE C-ARMS

6 SURGICAL IMAGING MARKET, BY TECHNOLOGY (Page No. - 49)
    6.1 INTRODUCTION
        TABLE 4 SURGICAL IMAGING MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
    6.2 IMAGE INTENSIFIER C-ARMS
           6.2.1 IMAGE INTENSIFIER C-ARMS SEGMENT TO DOMINATE THE MARKET DURING THE FORECAST PERIOD
                 TABLE 5 IMAGE INTENSIFIER C-ARMS MARKET, BY REGION, 2018–2025 (USD MILLION)
                 TABLE 6 NORTH AMERICA: IMAGE INTENSIFIER C-ARMS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
                 TABLE 7 EUROPE: IMAGE INTENSIFIER C-ARMS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
                 TABLE 8 ASIA PACIFIC: IMAGE INTENSIFIER C-ARMS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
    6.3 FLAT-PANEL DETECTOR C-ARMS
           6.3.1 FPD C-ARMS SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
                 TABLE 9 FLAT-PANEL DETECTOR C-ARMS MARKET, BY REGION, 2018–2025 (USD MILLION)
                 TABLE 10 NORTH AMERICA: FLAT-PANEL DETECTOR C-ARMS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
                 TABLE 11 EUROPE: FLAT-PANEL DETECTOR C-ARMS MARKET, BY COUNTRY,  2018–2025 (USD MILLION)
                 TABLE 12 ASIA PACIFIC: FLAT-PANEL DETECTOR C-ARMS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)

7 SURGICAL IMAGING MARKET, BY APPLICATION (Page No. - 54)
    7.1 INTRODUCTION
        TABLE 13 SURGICAL IMAGING MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
    7.2 ORTHOPEDIC & TRAUMA SURGERIES
           7.2.1 ORTHOPEDIC & TRAUMA SURGERIES SEGMENT DOMINATED THE MARKET IN 2019
                 TABLE 14 SURGICAL IMAGING MARKET FOR ORTHOPEDIC & TRAUMA SURGERIES, BY REGION, 2018–2025 (USD MILLION)
                 TABLE 15 NORTH AMERICA: SURGICAL IMAGING MARKET FOR ORTHOPEDIC & TRAUMA SURGERIES, BY COUNTRY, 2018–2025 (USD MILLION)
                 TABLE 16 EUROPE: SURGICAL IMAGING MARKET FOR ORTHOPEDIC & TRAUMA SURGERIES, BY COUNTRY, 2018–2025 (USD MILLION)
                 TABLE 17 ASIA PACIFIC: SURGICAL IMAGING MARKET FOR ORTHOPEDIC & TRAUMA SURGERIES, BY COUNTRY, 2018–2025 (USD MILLION)
    7.3 CARDIOVASCULAR SURGERIES
           7.3.1 GROWING BURDEN OF CVD TO DRIVE THE GROWTH OF THIS MARKET SEGMENT
                 TABLE 18 SURGICAL IMAGING MARKET FOR CARDIOVASCULAR SURGERIES, BY REGION, 2018–2025 (USD MILLION)
                 TABLE 19 NORTH AMERICA: SURGICAL IMAGING MARKET FOR CARDIOVASCULAR SURGERIES, BY COUNTRY, 2018–2025 (USD MILLION)
                 TABLE 20 EUROPE: SURGICAL IMAGING MARKET FOR CARDIOVASCULAR SURGERIES, BY COUNTRY, 2018–2025 (USD MILLION)
                 TABLE 21 ASIA PACIFIC: SURGICAL IMAGING MARKET FOR CARDIOVASCULAR SURGERIES, BY COUNTRY, 2018–2025 (USD MILLION)
    7.4 NEUROSURGERIES
           7.4.1 RISING BURDEN OF NEUROLOGICAL DISORDERS TO DRIVE THE GROWTH OF THIS MARKET SEGMENT
                 TABLE 22 SURGICAL IMAGING MARKET FOR NEUROSURGERIES, BY REGION, 2018–2025 (USD MILLION)
                 TABLE 23 NORTH AMERICA: SURGICAL IMAGING MARKET FOR NEUROSURGERIES, BY COUNTRY, 2018–2025 (USD MILLION)
                 TABLE 24 EUROPE: SURGICAL IMAGING MARKET FOR NEUROSURGERIES, BY COUNTRY, 2018–2025 (USD MILLION)
                 TABLE 25 ASIA PACIFIC: SURGICAL IMAGING MARKET FOR NEUROSURGERIES, BY COUNTRY, 2018–2025 (USD MILLION)
    7.5 GASTROINTESTINAL SURGERIES
           7.5.1 C-ARMS ARE WIDELY USED IN GI SURGERIES
                 TABLE 26 SURGICAL IMAGING MARKET FOR GASTROINTESTINAL SURGERIES, BY REGION, 2018–2025 (USD MILLION)
                 TABLE 27 NORTH AMERICA: SURGICAL IMAGING MARKET FOR GASTROINTESTINAL SURGERIES, BY COUNTRY, 2018–2025 (USD MILLION)
                 TABLE 28 EUROPE: SURGICAL IMAGING MARKET FOR GASTROINTESTINAL SURGERIES, BY COUNTRY, 2018–2025 (USD MILLION)
                 TABLE 29 ASIA PACIFIC: SURGICAL IMAGING MARKET FOR GASTROINTESTINAL SURGERIES, BY COUNTRY, 2018–2025 (USD MILLION)
    7.6 OTHER APPLICATIONS
        TABLE 30 SURGICAL IMAGING MARKET FOR OTHER APPLICATIONS, BY REGION, 2018–2025 (USD MILLION)
        TABLE 31 NORTH AMERICA: SURGICAL IMAGING MARKET FOR OTHER APPLICATIONS, BY COUNTRY, 2018–2025 (USD MILLION)
        TABLE 32 EUROPE: SURGICAL IMAGING MARKET FOR OTHER APPLICATIONS, BY COUNTRY, 2018–2025 (USD MILLION)
        TABLE 33 ASIA PACIFIC: SURGICAL IMAGING MARKET FOR OTHER APPLICATIONS, BY COUNTRY, 2018–2025 (USD MILLION)

8 SURGICAL IMAGING MARKET, BY END USER (Page No. - 65)
    8.1 INTRODUCTION
        TABLE 34 SURGICAL IMAGING MARKET, BY END USER, 2018–2025 (USD MILLION)
    8.2 HOSPITALS
           8.2.1 HOSPITALS ARE THE LARGEST END USERS OF SURGICAL IMAGING SYSTEMS
                 TABLE 35 PERCENTAGE INCREASE IN THE NUMBER OF SURGICAL PROCEDURES PERFORMED IN THE US
                 TABLE 36 SURGICAL IMAGING MARKET FOR HOSPITALS, BY REGION, 2018–2025 (USD MILLION)
                 TABLE 37 NORTH AMERICA: SURGICAL IMAGING MARKET FOR HOSPITALS, BY COUNTRY, 2018–2025 (USD MILLION)
                 TABLE 38 EUROPE: SURGICAL IMAGING MARKET FOR HOSPITALS, BY COUNTRY, 2018–2025 (USD MILLION)
                 TABLE 39 ASIA PACIFIC: SURGICAL IMAGING MARKET FOR HOSPITALS, BY COUNTRY, 2018–2025 (USD MILLION)
    8.3 SURGERY CENTERS & CLINICS
           8.3.1 INCREASING NUMBER OF SURGERY CENTERS TO DRIVE MARKET GROWTH
                 TABLE 40 SURGICAL IMAGING MARKET FOR SURGERY CENTERS & CLINICS, BY REGION, 2018–2025 (USD MILLION)
                 TABLE 41 NORTH AMERICA: SURGICAL IMAGING MARKET FOR SURGERY CENTERS & CLINICS, BY COUNTRY, 2018–2025 (USD MILLION)
                 TABLE 42 EUROPE: SURGICAL IMAGING MARKET FOR SURGERY CENTERS & CLINICS, BY COUNTRY, 2018–2025 (USD MILLION)
                 TABLE 43 ASIA PACIFIC: SURGICAL IMAGING MARKET FOR SURGERY CENTERS & CLINICS, BY COUNTRY, 2018–2025 (USD MILLION)

9 SURGICAL IMAGING MARKET, BY REGION (Page No. - 71)
    9.1 INTRODUCTION
        TABLE 44 SURGICAL IMAGING MARKET, BY REGION, 2018–2025 (USD MILLION)
    9.2 NORTH AMERICA
        FIGURE 20 NORTH AMERICA: SURGICAL IMAGING MARKET SNAPSHOT
        TABLE 45 NORTH AMERICA: SURGICAL IMAGING MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
        TABLE 46 NORTH AMERICA: SURGICAL IMAGING MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
        TABLE 47 NORTH AMERICA: SURGICAL IMAGING MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
        TABLE 48 NORTH AMERICA: SURGICAL IMAGING MARKET, BY END USER, 2018–2025 (USD MILLION)
           9.2.1 US
                    9.2.1.1 The US dominated the North American surgical imaging market in 2019
                            FIGURE 21 US: NUMBER OF EMERGENCY DEPARTMENT VISITS DUE TO INJURIES (2017)
                            FIGURE 22 US: NUMBER OF EMERGENCY DEPARTMENT VISITS DUE TO TRAUMATIC FRACTURES (2017)
                            FIGURE 23 US: NUMBER OF EMERGENCY DEPARTMENT VISITS DUE TO SPRAINS AND STRAINS (2017)
                            TABLE 49 US: SURGICAL IMAGING MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                            TABLE 50 US: SURGICAL IMAGING MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
                            TABLE 51 US: SURGICAL IMAGING MARKET, BY END USER, 2018–2025 (USD MILLION)
           9.2.2 CANADA
                    9.2.2.1 Rise in the number of grants awarded to research organizations driving market growth
                            TABLE 52 CANADA: SURGICAL IMAGING MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                            TABLE 53 CANADA: SURGICAL IMAGING MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
                            TABLE 54 CANADA: SURGICAL IMAGING MARKET, BY END USER, 2018–2025 (USD MILLION)
    9.3 EUROPE
        TABLE 55 EUROPE: SURGICAL IMAGING MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
        TABLE 56 EUROPE: SURGICAL IMAGING MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
        TABLE 57 EUROPE: SURGICAL IMAGING MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
        TABLE 58 EUROPE: SURGICAL IMAGING MARKET, BY END USER, 2018–2025 (USD MILLION)
           9.3.1 GERMANY
                    9.3.1.1 Growth in the geriatric population is a major factor driving market growth in Germany
                            TABLE 59 GERMANY: SURGICAL IMAGING MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                            TABLE 60 GERMANY: SURGICAL IMAGING MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
                            TABLE 61 GERMANY: SURGICAL IMAGING MARKET, BY END USER, 2018–2025 (USD MILLION)
           9.3.2 UK
                    9.3.2.1 Increasing prevalence of lifestyle diseases in the UK to fuel market growth
                            TABLE 62 UK: SURGICAL IMAGING MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                            TABLE 63 UK: SURGICAL IMAGING MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
                            TABLE 64 UK: SURGICAL IMAGING MARKET, BY END USER, 2018–2025 (USD MILLION)
           9.3.3 FRANCE
                    9.3.3.1 Growing elderly population to drive the market for surgical imaging in the coming years
                            TABLE 65 FRANCE: SURGICAL IMAGING MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                            TABLE 66 FRANCE: SURGICAL IMAGING MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
                            TABLE 67 FRANCE: SURGICAL IMAGING MARKET, BY END USER, 2018–2025 (USD MILLION)
           9.3.4 ITALY
                    9.3.4.1 Rising number of orthopedic surgeries in Italy to drive market growth
                            TABLE 68 ITALY: SURGICAL IMAGING MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                            TABLE 69 ITALY: SURGICAL IMAGING MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
                            TABLE 70 ITALY: SURGICAL IMAGING MARKET, BY END USER, 2018–2025 (USD MILLION)
           9.3.5 SPAIN
                    9.3.5.1 Reduced spending on healthcare in Spain to restrict market growth
                            TABLE 71 SPAIN: SURGICAL IMAGING MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                            TABLE 72 SPAIN: SURGICAL IMAGING MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
                            TABLE 73 SPAIN: SURGICAL IMAGING MARKET, BY END USER, 2018–2025 (USD MILLION)
           9.3.6 REST OF EUROPE
                 TABLE 74 ROE: SURGICAL IMAGING MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                 TABLE 75 ROE: SURGICAL IMAGING MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
                 TABLE 76 ROE: SURGICAL IMAGING MARKET, BY END USER, 2018–2025 (USD MILLION)
    9.4 ASIA PACIFIC
        FIGURE 24 ASIA PACIFIC: SURGICAL IMAGING MARKET SNAPSHOT
        TABLE 77 APAC: SURGICAL IMAGING MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
        TABLE 78 APAC: SURGICAL IMAGING MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
        TABLE 79 APAC: SURGICAL IMAGING MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
        TABLE 80 APAC: SURGICAL IMAGING MARKET, BY END USER, 2018–2025 (USD MILLION)
           9.4.1 JAPAN
                    9.4.1.1 Rapid growth in the geriatric population in Japan to drive market growth
                            TABLE 81 JAPAN: SURGICAL IMAGING MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                            TABLE 82 JAPAN: SURGICAL IMAGING MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
                            TABLE 83 JAPAN: SURGICAL IMAGING MARKET, BY END USER, 2018–2025 (USD MILLION)
           9.4.2 CHINA
                    9.4.2.1 Large patient population and healthcare infrastructure improvements to drive market growth in China
                            TABLE 84 CHINA: SURGICAL IMAGING MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                            TABLE 85 CHINA: SURGICAL IMAGING MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
                            TABLE 86 CHINA: SURGICAL IMAGING MARKET, BY END USER, 2018–2025 (USD MILLION)
           9.4.3 INDIA
                    9.4.3.1 Rising medical tourism and increasing healthcare expenditure to support market growth in India
                            TABLE 87 INDIA: SURGICAL IMAGING MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                            TABLE 88 INDIA: SURGICAL IMAGING MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
                            TABLE 89 INDIA: SURGICAL IMAGING MARKET, BY END USER, 2018–2025 (USD MILLION)
           9.4.4 REST OF ASIA PACIFIC
                 TABLE 90 ROAPAC: SURGICAL IMAGING MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                 TABLE 91 ROAPAC: SURGICAL IMAGING MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
                 TABLE 92 ROAPAC: SURGICAL IMAGING MARKET, BY END USER, 2018–2025 (USD MILLION)
    9.5 REST OF THE WORLD
        TABLE 93 ROW: SURGICAL IMAGING MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
        TABLE 94 ROW: SURGICAL IMAGING MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
        TABLE 95 ROW: SURGICAL IMAGING MARKET, BY END USER, 2018–2025 (USD MILLION)

10 COMPETITIVE LANDSCAPE (Page No. - 101)
     10.1 INTRODUCTION
     10.2 MARKET EVALUATION FRAMEWORK
          FIGURE 25 MARKET EVALUATION FRAMEWORK
     10.3 MARKET SHARE ANALYSIS
          FIGURE 26 SURGICAL IMAGING MARKET SHARE, BY KEY PLAYER, 2019
     10.4 COMPETITIVE LEADERSHIP MAPPING
          TABLE 96 COMPANY EVALUATION MATRIX: CRITERIA
             10.4.1 STARS
             10.4.2 EMERGING LEADERS
             10.4.3 PERVASIVE PLAYERS
             10.4.4 EMERGING COMPANIES
                    FIGURE 27 GLOBAL SURGICAL IMAGING MARKET: COMPETITIVE LEADERSHIP MAPPING, 2019
     10.5 KEY MARKET DEVELOPMENTS
             10.5.1 PRODUCT LAUNCHES & APPROVALS
                    TABLE 97 KEY PRODUCT LAUNCHES & APPROVALS, 2018–2020
             10.5.2 DEALS
                    TABLE 98 KEY DEALS, 2017–2020
             10.5.3 OTHER DEVELOPMENTS
                    TABLE 99 OTHER KEY DEVELOPMENTS, 2017–2020

11 COMPANY PROFILES (Page No. - 108)
(Business Overview, Products Offered, Recent Developments, MnM View)*
     11.1 GE HEALTHCARE (A SUBSIDIARY OF GENERAL ELECTRIC COMPANY)
          FIGURE 28 GE HEALTHCARE: COMPANY SNAPSHOT
     11.2 KONINKLIJKE PHILIPS
          FIGURE 29 KONINKLIJKE PHILIPS: COMPANY SNAPSHOT
     11.3 SIEMENS HEALTHINEERS
          FIGURE 30 SIEMENS: COMPANY SNAPSHOT
     11.4 ZIEHM IMAGING
     11.5 SHIMADZU CORPORATION
          FIGURE 31 SHIMADZU CORPORATION: COMPANY SNAPSHOT
     11.6 ORTHOSCAN
     11.7 MEDTRONIC
          FIGURE 32 MEDTRONIC: COMPANY SNAPSHOT
     11.8 CANON MEDICAL SYSTEMS
     11.9 GENORAY
     11.10 EUROCOLUMBUS
     11.11 ALLENGERS MEDICAL SYSTEMS
     11.12 DK MEDICAL SYSTEMS (DONGKANG MEDICAL SYSTEMS CO., LTD.)
     11.13 FUJIFILM MEDICAL SYSTEMS USA, INC.
           FIGURE 33 FUJIFILM HOLDINGS CORPORATION: COMPANY SNAPSHOT
     11.14 SIMAD X-RAY MEDICAL TECHNOLOGY
     11.15 PROGNOSYS MEDICAL SYSTEMS PVT. LTD.
     11.16 PRIMAX INTERNATIONAL
     11.17 GEMSS MEDICAL
     11.18 ITALRAY SRL
     11.19 SKANRAY TECHNOLOGIES PVT. LTD.
     11.20 NANJING PERLOVE MEDICAL EQUIPMENT CO., LTD.
     11.21 TRIVITRON HEALTHCARE

*Business Overview, Products Offered, Recent Developments, MnM View might not be captured in case of unlisted companies.

12 APPENDIX (Page No. - 137)
     12.1 DISCUSSION GUIDE
     12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     12.3 AVAILABLE CUSTOMIZATIONS
     12.4 RELATED REPORTS
     12.5 AUTHOR DETAILS

This study involved four major activities in estimating the size of the surgical imaging market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chains through primary research. The bottom-up approach was employed to estimate the overall market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and sub-segments.

Secondary Research

The secondary research process involved the widespread use of secondary sources, directories, databases (such as Bloomberg Businessweek, Factiva, and D&B Hoovers), white papers, annual reports, company house documents, investor presentations, and SEC filings of companies. Some non-exclusive secondary sources include , Society for Cardiovascular Angiography and Interventions (SCAI), American College of Cardiology, American Heart Association, European Association of Percutaneous Cardiovascular Interventions (EAPCI), Canadian Association of Interventional Cardiology (CAIC), Asian Pacific Society of Interventional Cardiology (APSIC), for Disease Control and Prevention (CDC), Organisation for Economic Co-operation and Development (OECD), American Medical Group Association (AMGA), American Hospital Association (AHA), Expert Interviews, and MarketsandMarkets Analysis.

Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and commercial study of the surgical imaging market. It was also used to obtain important information about the key players and market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.

Primary Research

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing and sales directors, technology & innovation directors, and related key executives from various key companies and organizations operating in the surgical imaging  market. The primary sources from the demand side included industry experts, consultants, healthcare providers, healthcare payers, hospital administration, and government bodies. Primary research was conducted to validate the market segmentation, identify key players in the market, and gather insights on key industry trends and key market dynamics.

Surgical Imaging Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the surgical imaging market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets have been identified through extensive secondary research
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides, in the provider, payer, and other industries.

Report Objectives

  • To define, describe, and forecast the global surgical imaging  market by technology, application, end user and region
  • To provide detailed information regarding the major factors influencing the market growth (such as drivers, restraints, opportunities, and challenges)
  • To analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall surgical imaging  market
  • To analyze the opportunities for stakeholders and provide details of the competitive landscape for market leaders
  • To forecast the size of the market segments with respect to four main regions, namely,
  • North America, Europe, the Asia Pacific, and the Rest of the World
  • To profile the key players and analyze their market shares and core competencies
  • To track and analyze competitive developments such as product launches, partnerships, agreements, collaborations, expansions, and acquisitions in the overall surgical imaging  market

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

  • Additional country-level analysis of surgical imaging market.
  • Profiling of additional market players (up to 3)
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Benchmarking the rapid strategy shifts of the Top 100 companies in the Surgical Imaging Market

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MD 2840
Published ON
Feb, 2021
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