Surgical Imaging Market by Technology (Image Intensifier C-arms, Flat Panel Detector C-arms (FPD C-arms)), Application (Orthopaedic & Trauma Surgeries, Neurosurgeries, Cardiovascular Surgeries), and Region - Global Forecasts to 2022
[131 Pages Report] The overall surgical imaging market is expected to grow from USD 1.25 billion by 2017 to USD 1.63 billion in 2022, at a CAGR of 5.5% from 2017 to 2022. The key factors driving the growth of this market are growing popularity of Flat Panel Detector C-arms (FPD C-arms) owing to advantages of FPDs over image intensifiers, reimbursement cuts on analog radiography systems, and increasing demand for minimally invasive procedures. The growing demand for data integrated imaging systems and high growth in emerging markets like Asia Pacific is an opportunity for the market to grow. The base year considered for the study is 2016, and the forecast has been provided for the period between 2017 and 2022.
Market Dynamics
Drivers
- Advantages of FPDs over image intensifiers
- Reimbursement cuts on analog radiography systems
- Increasing demand for minimally invasive procedures
Restraints
- High cost of instruments
Opportunities
- Growing demand for data-integrated imaging systems
- Emerging markets to offer high growth opportunities
Challenges
- Imaging obese patients
Advantages of FPDs over image intensifiers drive the global surgical imaging market
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 diagnostic 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. Due to such advantages, the preference for FPD C-arms among hospitals is increasing, thereby driving market growth in this segment.
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The following are the major objectives of the study.
- To describe and forecast the surgical imaging market, in terms of value, by technology, application, and region
- To describe and forecast the surgical imaging market, by region–Asia Pacific (APAC), Europe, North America, and Rest of the World (RoW) along with their respective countries
- To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and challenges)
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
- To study the complete value chain of surgical imaging
- To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the surgical imaging ecosystem
- To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing competitive landscape for market leaders
- To analyze strategic approaches such as partnerships, agreements, alliances, collaborations, product launches, expansions, and acquisitions in the surgical imaging market
During this research study, major players operating in the surgical imaging industry in various regions have been identified, and their offerings, regional presence, and distribution channels have been analyzed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Factiva, along with primary respondents. The entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) pertaining to the market. The figure below shows the breakdown of the primaries on the basis of the company type, designation, and region considered during the research study.
Key players considered in the analysis of the surgical imaging market are GE Healthcare (US), Koninklijke Philips N.V. (Netherlands), Siemens AG (Germany), Ziehm Imaging GmbH (Germany), Hologic, Inc. (US), Shimadzu Corporation (Japan), OrthoScan, Inc. (US), Medtronic plc (US), Toshiba Medical Systems Corporation (Japan), GENORAY Co., Ltd. (South Korea), Eurocolumbus s.r.l. (Italy), and Allengers Medical Systems Ltd. (India).
Major Market Developments
- In 2017, Koninklijke Philips partnered with Government of Kenya and the United Nations to Establish the SDG (Sustainable Development Goals) Partnership Platform in Kenya to make primary healthcare more accessible
- In 2017, Koninklijke Philips established its first innovation center in Moscow, Russia
- In 2017, Siemens Received US FDA approval for its Cios Fusion, Cios Connect, and Cios Select
- In 2017, Ziehm Imaging Launched the new version of Ziehm Vision FD with a complementary metal oxide semiconductor (CMOS) flat-panel detector and a new CMOS flat-panel detector which allows for display of smaller pixels in the same quality
- In 2016, Shimadzu Corporation established an indirectly-owned subsidiary—Shimadzu Malaysia Sdn Bhd.
Target Audience:
- C-arms manufacturers and distributors
- Healthcare institutions (hospitals, medical schools, group practices, individual surgeons, and governing bodies)
- Medical device vendors/service providers
- Research institutes
- Niche companies manufacturing imaging systems
- Research and consulting firms
- Venture capitalists
Report Scope:
- Surgical Imaging Market, by Technology
- Image intensifier C-arms
- Flat Panel Detector C-arms (FPD C-arms)
- Orthopedic and Trauma Surgeries
- Neurosurgeries
- Cardiovascular Surgeries
- Gastrointestinal Surgeries
- Other Applications (Urology and Endobronchial & Thoracic Surgery)
- North America
- US
- Canada
- Europe
- Germany
- UK
- France
- Rest of Europe (RoE)
- Asia Pacific
- Japan
- China
- India
- Rest of Asia Pacific
- Rest of the World (RoW)
Critical questions which the report answers
Available Customizations
Based on the given market data, MarketsandMarkets offers customizations in the reports as per the client’s specific requirements. The available customization options are as follows:Geographic Analysis
- Further country-wise breakdown of the market in RoW region TO Latin America and Middle East & Africca
Company Information
- Detailed analysis and profiling of additional market players (Up to 5)
The overall surgical imaging market is expected to grow from USD 1.25 billion in 2017 to USD 1.63 billion in 2022, at a CAGR of 5.5% from 2017 to 2022. The advantages of FPDs over image intensifiers, reimbursement cuts for analog radiography systems, increasing demand for minimally invasive procedures, rising geriatric population, and growing chronic disease prevalence are the key factors propelling the growth of this market.
The surgical imaging market includes mobile C-arms which are imaging scanner intensifiers. C-arms are primarily used for fluoroscopic intraoperative imaging during surgical, orthopedic, and emergency care procedures. This device offers high-resolution X-ray images in real time, thus allowing physicians to monitor progress and immediately make any corrections.
On the basis of technology, the surgical imaging market is segmented into image intensifier C-arms and Flat Panel Detector (FPD C-arms). The FPD C-arms segment is expected to register the highest CAGR during the forecast period. FPDs are increasingly replacing image intensifiers on mobile C-arm systems, owing to advantages offered by the FPD technology such as increased image quality (no deterioration of the image quality over time) and lower patient dose.
The surgical imaging market in APAC is expected to grow at the highest CAGR during the forecast period owing to the rapid growth in geriatric population in Japan, healthcare reforms in China, improving healthcare infrastructure in India, and rising number of orthopedic and CVD procedures in Australia.
Applications in orthopedic and trauma surgeries, neurosurgeries, cardiovascular surgeries, gastrointestinal surgeries, and other surgical applications (urologic surgeries, endobronchial and thoracic surgeries, and maxillofacial surgeries) drive the growth of surgical imaging market
Orthopedic & Trauma Surgeries
The number of orthopedic surgeries is expected to grow in the coming years due to an aging demographic and rise in obesity rates, globally. Obesity is a major risk factor for disorders of the joints and other orthopedic conditions. With the growth in the number of orthopedic surgeries, the demand for advanced surgical imaging tools such as C-arms is expected to increase across the globe during the forecast period.
Neurosurgeries
Surgical imaging has major applications in the brain and spinal surgeries. Neurosurgeons widely use imaging during these surgeries as they require small objects—biopsy needles, implants, or tubes—to deliver drugs to precise locations in the brain. Moreover, advanced imaging and navigation capabilities enable integrated interventions and thus play a key role in neurosurgery. Neurosurgery comprises a variety of procedures with very specific imaging requirements. For instance, spine surgery includes vertebrae fusion, kyphoplasty, and vertebroplasty. C-arms with high resolution and penetration are, therefore, essential to monitor the correct positioning of screws, instruments, implants, and injected cement. Furthermore, 3D imaging with navigation enhances treatment precision and enables intraoperative evaluation of surgical procedures. The use of C-arms for neurosurgery, especially spinal surgeries, is expected to increase in the coming years with technological advances that have enhanced the diagnosis and treatment of spinal issues.
Cardiovascular surgeries
In the US, the Healthcare Cost and Utilization Project Nationwide Inpatient Sample shows a net increase of 5% in vascular surgery procedures (490 to 515 procedures per 100,000 capita) in the per capita rate for all adults. This project has estimated that the workload of inpatient vascular surgeries will increase by 34% by 2020, and 72% by 2030. The increasing prevalence of cardiovascular diseases in developed as well as developing countries, coupled with the growing use of advanced imaging equipment in cardiovascular surgeries, is expected to support the growth of this market segment during the forecast period.
Gastrointestinal (GI) surgeries
With changing lifestyles, the prevalence of GI disorders is increasing globally, which, in turn, is expected to drive the demand for C-arms. According to the International Foundation for Functional Gastrointestinal Disorders, irritable bowel syndrome (IBS) is the most common functional GI disorder with worldwide prevalence rates ranging from 9% to 23%. The C-arm Image Intensifier offered from Allengers is an example of a novel surgical equipment that assists gastroenterologists in treating disorders more accurately.
Other applications
Other applications of C-arms include urological, endobronchial & thoracic, and maxillofacial surgeries. There are two main areas in urology where 3D interventional imaging can challenge current treatment methods. One is in endourology (for the removal of kidney stones) and the second is in MIS (for the treatment of renal cell carcinoma). C-arms are also used in maxillofacial surgeries. The human skull comprises complex anatomical structures and performing any surgical procedure in this area requires high technical standards. Intraoperative 2D and 3D imaging play a crucial role in the surgery for zygomatic bone fractures and removal of foreign bodies. C-arms are revolutionizing surgeries not only limited to orthopedic and neurology but are also opening up new avenues in areas such as urology, endobronchial, thoracic, and maxillofacial surgeries.
Critical questions the report answers:
- Where will all these developments take the industry in the mid to long term?
- What are the upcoming industry applications for surgical imaging?
The high cost of instruments is a major factor restraining the growth of the market. Owing to their advanced features and functionalities, mobile C-arms are generally quite 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 the surgeon to view and analyze these images at a distance.
In addition to the huge purchases 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.
Key players in the market include GE Healthcare (US), Koninklijke Philips N.V. (Netherlands), Siemens AG (Germany), Ziehm Imaging GmbH (Germany), Hologic, Inc. (US), Shimadzu Corporation (Japan), OrthoScan, Inc. (US), Medtronic plc (US), Toshiba Medical Systems Corporation (Japan), GENORAY Co., Ltd. (South Korea), Eurocolumbus s.r.l. (Italy), and Allengers Medical Systems Ltd. (India). These players are increasingly undertaking partnerships, agreements, alliances, collaborations, product launches, expansions, and acquisitions to develop and introduce new technologies and products 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 Market 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. - 17)
2.1 Research Data
2.1.1 Research Methodology Steps
2.1.2 Secondary Research
2.1.2.1 Secondary Sources
2.1.3 Primary Research
2.1.3.1 Primary Sources
2.1.3.2 Key Insights From Primary Sources
2.1.4 Market Size Estimation Methodology
2.1.4.1 Market Data Estimation and Triangulation
2.1.5 Assumptions
3 Executive Summary (Page No. - 26)
4 Premium Insights (Page No. - 29)
4.1 Surgical Imaging Market Overview
4.2 Global Market, By Technology, 2017 vs 2022
4.3 Global Market, By Application, 2017 vs 2022
4.4 Europe: Market, Bycountry, 2017 vs 2022
4.5 Geographic Snapshot of the Global Market
5 Market Overview (Page No. - 32)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Advantages of FPDS Over Image Intensifiers
5.2.1.2 Reimbursement Cuts on Analog Radiography Systems
5.2.1.3 Increasing Demand for Minimally Invasive Procedures
5.2.2 Restraints
5.2.2.1 High Cost of Instruments
5.2.3 Opportunities
5.2.3.1 Growing Demand for Data-Integrated Imaging Systems
5.2.3.2 Emerging Markets to Offer High Growth Opportunities
5.2.4 Challenges
5.2.4.1 Imaging Obese Patients
6 Surgical Imaging Market, By Technology (Page No. - 36)
6.1 Introduction
6.2 Image Intensifier C-Arms
6.3 Flat Panel Detector C-Arms (FPD C-Arms)
7 Surgical Imaging Market, By Application (Page No. - 44)
7.1 Introduction
7.1.1 Orthopedic and Trauma Surgeries
7.1.2 Neurosurgeries
7.1.3 Cardiovascular Surgeries
7.1.4 Gastrointestinal Surgeries
7.1.5 Other Applications
8 Surgical Imaging Market, By Region (Page No. - 59)
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 France
8.3.4 RoE
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 RoAPAC
8.5 Rest of the World (RoW)
9 Competitive Landscape (Page No. - 87)
9.1 Introduction
9.2 Market Share Analysis, 2016
9.3 Competitive Scenario
9.3.1 Agreements, Collaborations, Alliances & Partnerships
9.3.2 Product Launches, Approvals, & Enhancements
9.3.3 Expansions
9.3.4 Other Strategies
10 Company Profiles (Page No. - 94)
(Overview, Strength of Product Portfolio, Business Strategy Excellence, Products Offering, and Recent Developments)*
10.1 GE Healthcare (A Subsidiary of General Electric Company)
10.2 Koninklijke Philips
10.3 Siemens
10.4 Ziehm Imaging
10.5 Hologic
10.6 Shimadzu Corporation
10.7 Orthoscan
10.8 Medtronic
10.9 Toshiba Medical Systems Corporation (Acquired By Canon)
10.10 Genoray
10.11 Eurocolumbus
10.12 Allengers Medical Systems
*Details on Overview, Strength of Product Portfolio, Business Strategy Excellence, Products Offering, and Recent Developments Might Not Be Captured in Case of Unlisted Companies.
11 Appendix (Page No. - 123)
11.1 Discussion Guide
11.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
11.3 Introducing RT: Real-Time Market Intelligence
11.4 Available Customizations
11.5 Related Reports
11.6 Author Details
List of Tables (70 Tables)
Table 1 Surgical Imaging Market, By Technology, 2015–2022 (USD Million)
Table 2 Global Market, By Technology, 2015–2022 (Units)
Table 3 Image Intensifier C-Arms Market, By Region, 2015–2022 (USD Million)
Table 4 Mage Intensifier C-Arms Market, By Region, 2015–2022 (Units)
Table 5 North America: Image Intensifier C-Arms Market, By Country, 2015–2022 (USD Million)
Table 6 Europe: Image Intensifier C-Arms Market, By Country, 2015–2022 (USD Million)
Table 7 Asia Pacific: Image Intensifier C-Arms Market, By Country, 2015–2022 (USD Million)
Table 8 Flat Panel Detector C-Arms Market, By Region, 2015–2022 (USD Million)
Table 9 Flat Panel Detector C-Arms Market, By Region, 2015–2022 (Units)
Table 10 North America: Flat Panel Detector C-Arms Market, By Country, 2015–2022 (USD Million)
Table 11 Europe: Flat Panel Detector C-Arms Market, By Country, 2015–2022 (USD Million)
Table 12 Asia Pacific: Flat Panel Detector C-Arms Market, By Country, 2015–2022 (USD Million)
Table 13 Surgical Imaging Market, By Application, 2015–2022 (USD Million)
Table 14 Global Market for Orthopedic & Trauma Surgeries, By Region, 2015–2022 (USD Million)
Table 15 North America: Market for Orthopedic & Trauma Surgeries, By Country, 2015–2022 (USD Million)
Table 16 Europe: Market for Orthopedic & Trauma Surgeries, By Country, 2015–2022 (USD Million)
Table 17 Asia Pacific: Market for Orthopedic & Trauma Surgeries, By Country, 2015–2022 (USD Million)
Table 18 Global Market for Neurosurgeries, By Region, 2015–2022 (USD Million)
Table 19 North America: Market for Neurosurgeries, By Country, 2015–2022 (USD Million)
Table 20 Europe: Market for Neurosurgeries, By Country, 2015–2022 (USD Million)
Table 21 Asia Pacific: Market for Neurosurgeries, By Country, 2015–2022 (USD Million)
Table 22 Surgical Imaging Market for Cardiovascular Surgeries, By Region, 2015–2022 (USD Million)
Table 23 North America: Market for Cardiovascular Surgeries, By Country, 2015–2022 (USD Million)
Table 24 Europe: Market for Cardiovascular Surgeries, By Country, 2015–2022 (USD Million)
Table 25 Asia Pacific: Market for Cardiovascular Surgeries, By Country, 2015–2022 (USD Million)
Table 26 Global Market for Gastrointestinal Surgeries, By Region, 2015–2022 (USD Million)
Table 27 North America: Market for Gastrointestinal Surgeries, By Country, 2015–2022 (USD Million)
Table 28 Europe: Market for Gastrointestinal Surgeries, By Country, 2015–2022 (USD Million)
Table 29 Asia Pacific: Market for Gastrointestinal Surgeries, By Country, 2015–2022 (USD Million)
Table 30 Surgical Imaging Market for Other Applications, By Region, 2015–2022 (USD Million)
Table 31 North America: Market for Other Applications, By Country, 2015–2022 (USD Million)
Table 32 Europe: Market for Other Applications, By Country, 2015–2022 (USD Million)
Table 33 Asia Pacific: Market for Other Applications, By Country, 2015–2022 (USD Million)
Table 34 Global Market, By Region, 2015–2022 (USD Million)
Table 35 Global Market, By Region, 2015–2022 (Units)
Table 36 North America: Surgical Imaging Market, By Country, 2015–2022 (USD Million)
Table 37 North America: Market, By Technology, 2015–2022 (USD Million)
Table 38 North America: Market, By Technology, 2015–2022 (Units)
Table 39 North America: Market, By Application, 2015–2022 (USD Million)
Table 40 US: Market, By Technology, 2015–2022 (USD Million)
Table 41 US: Market, By Application, 2015–2022 (USD Million)
Table 42 Canada: Market, By Technology, 2015–2022 (USD Million)
Table 43 Canada: Market, By Application, 2015–2022 (USD Million)
Table 44 Europe: Surgical Imaging Market, By Country, 2015–2022 (USD Million)
Table 45 Europe: Market, By Technology, 2015–2022 (USD Million)
Table 46 Europe: Market, By Technology, 2015–2022 (Units)
Table 47 Europe: Market, By Application, 2015–2022 (USD Million)
Table 48 Germany: Market, By Technology, 2015–2022 (USD Million)
Table 49 Germany: Market, By Application, 2015–2022 (USD Million)
Table 50 UK: Market, By Technology, 2015–2022 (USD Million)
Table 51 UK: Market, By Application, 2015–2022 (USD Million)
Table 52 France: Market, By Technology, 2015–2022 (USD Million)
Table 53 France: Market, By Application, 2015–2022 (USD Million)
Table 54 RoE: Surgical Imaging Market, By Technology, 2015–2022 (USD Million)
Table 55 RoE: Market, By Application, 2015–2022 (USD Million)
Table 56 Asia Pacific: Market, By Country, 2015–2022 (USD Million)
Table 57 Asia Pacific: Market, By Technology, 2015–2022 (USD Million)
Table 58 Asia Pacific: Market, By Technology, 2015–2022 (Units)
Table 59 Asia Pacific: Market, By Application, 2015–2022 (USD Million)
Table 60 Japan: Market, By Technology, 2015–2022 (USD Million)
Table 61 Japan: Market, By Application, 2015–2022 (USD Million)
Table 62 China: Market, By Technology, 2015–2022 (USD Million)
Table 63 China: Market, By Application, 2015–2022 (USD Million)
Table 64 India: Surgical Imaging Market, By Technology, 2015–2022 (USD Million)
Table 65 India: Market, By Application, 2015–2022 (USD Million)
Table 66 RoAPAC: Market, By Technology, 2015–2022 (USD Million)
Table 67 RoAPAC: Market, By Application, 2015–2022 (USD Million)
Table 68 RoW: Market, By Technology, 2015–2022 (USD Million)
Table 69 RoW: Market, By Technology, 2015–2022 (Units)
Table 70 RoW: Market, By Application, 2015–2022 (USD Million)
List of Figures (34 Figures)
Figure 1 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Research Design
Figure 5 Data Triangulation
Figure 6 Global Surgical Imaging Market, By Technology
Figure 7 Global Market, By Application
Figure 8 Geographical Snapshot of the Global Market
Figure 9 Favorable Market Scenario for Flat Panel Technology to Drive the Growth of the Market
Figure 10 Image Intensifier C-Arms to Dominate the Global Market During the Forecast Period From 2017-2022
Figure 11 Orthopedic and Trauma Surgeries to Account for the Largest Market Share in 2017 and 2022
Figure 12 Germany to Account for the Largest Market Share in 2017 and 2022
Figure 13 APAC to Register the Highest CAGR in the Forecast Period
Figure 14 Surgical Imaging Market: Drivers, Restraints, Opportunities, and Challenges
Figure 15 Image Intensifier C-Arms to Command the Largest Market Share in 2017
Figure 16 Orthopedic & Trauma Surgeries to Form the Largest Application Segment in the Global Market for 2017
Figure 17 North America to Dominate the Surgical Imaging Market in 2017
Figure 18 North America: Market Snapshot
Figure 19 Europe: Market Snapshot
Figure 20 Germany: Healthcare Expenditure, 2010–2013 (USD Billion)
Figure 21 Asia Pacific: Market Snapshot
Figure 22 RoW: Market Snapshot
Figure 23 Key Development By Leading Players in Market
Figure 24 GE Healthcare to Dominate the Surgical Imaging Market in 2016
Figure 25 Agreements, Collaborations, and Partnerships, By Company (2014–2017)
Figure 26 Product Launches, Approvals, & Enhancements, By Company (2014-2017)
Figure 27 Expansions, By Company (2014–2017)
Figure 28 Other Strategies, By Company (2014–2017)
Figure 29 GE Healthcare: Company Snapshot
Figure 30 Koninklijke Philips: Company Snapshot
Figure 31 Siemens: Company Snapshot
Figure 32 Hologic: Company Snapshot
Figure 33 Shimadzu Corporation: Company Snapshot
Figure 34 Medtronic: Company Snapshot
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Growth opportunities and latent adjacency in Surgical Imaging Market