Fluoroscopy Equipment Market

The fluoroscopy equipment market is projected to reach USD 7.5 billion by 2025 from USD 5.9 billion in 2020, at a CAGR of 4.8% 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 October 2020 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.

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SIEMENS HEALTHINEERS

Siemens Healthineers held the largest share of  the global fluoroscopy equipment market in 2019. The company has a diversified product portfolio, which includes a wide range of fixed C-arms such as Artis One, Artis zee, Artis Q, and Artis Q.Zen.

The company’s dominant market position can be attributed to its strong manufacturing and distribution footprint across the globe, which enables it to serve customers in Europe, North America, Latin America, Asia, the Middle East, and Africa. The company focuses on expanding its product portfolio by launching new products in the fluoroscopy equipment market. For example, in November 2016, the company launched the ARTIS pheno, an angiography system that helps in individualized pre-procedural planning, intraoperative guidance, and immediate assessment regardless of patient condition or procedure complexity.

GE HEALTHCARE

GE Healthcare (US) held the second position in the fluoroscopy equipment market in 2019. 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.

Philips

Koninklijke Philips held the third position in the global fluoroscopy equipment market in 2019. 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.s

Related Reports:

Fluoroscopy Equipment Market by Product (Fixed C-Arms, Fluoroscopy Systems (Remote Controlled, Patient Side), Mobile C-arms), and Application (Diagnostic (Cardio, Gastroenterology, Nephrology), Surgical (Ortho, Neuro, Cardio) - Global Forecast to 2025

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