Surgical imaging helps doctors and surgeons during the surgical procedures. It betters the clinical outcome of the medical procedure and also increases the accuracy and effectiveness of the surgeries. As a result, there is impressive availability of funding from the public and private organizations. Growing availability of funding is also considered to be a vital drover for the surgical imaging market. According to the researchers, increased life expectancy is also expected to play a major role in the overall development of this market in the long run. Growing awareness amongst the developing countries is expected to provide potential investment opportunities for the key established players in the industry. As a result, the researchers are expecting steady growth for this market over the next few years to come.
Trends in the Surgical Imaging Industry
Researchers segment this market on the basis of the types of products, which include mini c-arm and mobile c-arm. The surgical imaging market is also categorized on the basis of the major application segments in the market. These segments include wrist/foot, trauma, hand, cardiovascular, orthopedic, pediatric, ankle, neurosurgery and trauma. On the basis of the geographic regions, this market is categorized into North America, Europe, Asia Pacific and rest of the world.
According to the researchers, the global surgical imaging market is expected to be driven by growth in the number of aging population and strong rise in the prevalence of the cardiovascular diseases. Apart from that, growth and awareness amongst the patients about minimal invasive surgeries are also expected to drive this market over the next few years. Major restraining factors for the market include high costs of the instruments. However, growth in demand from Asia is expected to drive the market.
As per the latest research reports, the surgical imaging market is estimated to maintain a steady CAGR of over 6% from 2014 to 2019. At the projected growth rate, the industry is estimated to be worth $1.25 Billion by the end of the year 2019. During the aforementioned forecasting period of around four to five years, the global market is expected to be dominated by North America. Emerging markets like Asia Pacific on the other hand are poised to witness growth at the highest CAGR.
According to the report, growth in the number of hospitals in Asia Pacific and such other emerging markets are expected to create business opportunities for the established market players. China is estimated to offer vital growth opportunities for the overall market.