Fluoroscopy Equipment Market

Siemens Healthineers (Germany), GE Healthcare (US), and Philips (Netherlands) are leading players in Fluoroscopy Equipment Market

The fluoroscopy equipment market is projected to reach USD 7.11 billion by 2024 from USD 5.75 billion in 2019, at a CAGR of 4.4% during the forecast period. Growth in the fluoroscopy equipment market is attributed to the advantages of FPDs over image intensifiers, the use of fluoroscopy in pain management, reimbursement cuts for analog radiography systems, rising geriatric population, growing prevalence of chronic diseases, and awareness programs, conferences, and funding activities. On the other hand, the risk of radiation exposure is expected to limit market growth to a certain extent during the forecast period.

The major players in the fluoroscopy equipment market are Siemens Healthineers (Germany), GE Healthcare (US), and Philips (Netherlands). Analysis of the market developments between 2016 and 2019 revealed that partnerships & agreements, product launches, expansions, and strategic acquisitions were adopted by market players to strengthen their product portfolios and maintain a competitive position in the fluoroscopy equipment market.

In 2018, Siemens Healthineers dominated the fluoroscopy equipment market. The company offers a comprehensive range of fluoroscopy systems, including remote-controlled systems, conventional or patient side-controlled systems, robotic systems, and mobile C-arms. To maintain its leading position and increase its customer base in the fluoroscopy equipment market, the company mainly focuses on strategic partnerships with hospitals and other healthcare organizations. During 2016-2019, the company partnered with various hospitals in the US, the UK, India, and Chile, to offer its services and imaging systems.

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GE Healthcare (US) held the second position in the fluoroscopy equipment market in 2018. The company offers an extensive portfolio of more than 20 fluoroscopy systems under various categories like R/F (Radiography/Fluoroscopy) systems, fluoroscopy systems, and C-arms. The company’s OEC range of C-arms is very popular among end users. The company’s stronghold in this market is primarily attributed to its continuous focus on customer base relationship.

Koninklijke Philips held the third position in the global fluoroscopy equipment market in 2018. The company offers fluoroscopy systems and C-arms under its diagnosis and treatment business segment. The company’s Allura range of fluoroscopy systems is a trusted name in the fluoroscopy equipment market. The company constantly focuses on innovation and established two innovation centers in Russia and Africa to help drive innovation in these countries. Moreover, the company has entered into strategic partnerships with various hospitals in Kenya, Russia, Spain, the Netherlands, and the US.

Related Reports:

Fluoroscopy Equipment Market by Product (Fixed C-arms, Fluoroscopy Systems (Remote Controlled), Mobile C-arms), and Application (Diagnostic (Cardiology, Gastroenterology), Surgical (Orthopedic, Cardiovascular) - Analysis & Global Forecast to 2024

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Report Code
MD 5556
RI Published ON
6/7/2019
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