According to Goldstein Research, “Medical industry is continuously growing with the introduction of highly developed medical imaging equipments. Rising inclination towards point-of-care devices are driving the possibility of implementing imaging software in diagnosis so that the patients will be able to check their vital stats on smartphones. However, lack of proper imaging infrastructure in developing and under-developed countries is restricting the growth of orthopedic imaging equipment market.”
Global orthopedic imaging equipment market is segmented on the basis of product type such as x-ray system, CT-scanner, electro-optical imaging systems, magnetic resonance imaging (MRI) system, ultrasound system and nuclear imaging system. X-ray and ultrasound systems are the dominating segments among all the other product types. X-Ray system valued USD 2.1 billion in 2015 and is expected to dominate the orthopedic imaging equipment market during the forecast period. To perform the critical surgeries such as spinal radiosurgery, demand for CT-scanner and MRI system is increasing. CT-scanner segment is expected to reach over USD 2.8 billion in 2024 whereas MRI system segment is projected to grow at a CAGR of 9.0% during the forecast period.
Asia-Pacific is the fastest growing region for global orthopedic imaging equipment market. Rising ageing population leading to the growing number of bone related issues. This is increasing the need for orthopedic imaging equipment in the region. Moreover, availability of 3D imaging and portable X-rays are also gaining huge attention in Asia-Pacific region. Asia-Pacific orthopedic imaging equipment market valued USD 1.83 billion in 2016 and is projected to attain value of USD 3.09 billion by the end of 2024.
High-Quality Imaging from CT Scanners and Robotic X-Rays
Leading vendors are spending on R&D for the development of advance imaging equipment to overcome limitation of existing CT scans for orthopaedic imaging. Conventional CT scans have a drawback of multiple rotations due to which they are incapable of capturing weight-bearing images. However, companies such as Siemens and Carestream have introduced an innovative solution for this. Carestream launced OnSight 3D Extremity System which provides high quality point of care imaging for sports injuries or other bone related ailments. Siemens introduced 3D X-Ray to capture weight-bearing images.
“Global Orthopedic Imaging Equipment Market Outlook 2024” contains detailed overview of the global orthopedic imaging equipment market in terms of market segmentation by product type and by end-user.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global orthopedic imaging equipment market also provides competitive outlook of some of the major players of global orthopedic imaging equipment market which includes profiling of companies such as General Electric Healthcare, Koninklijke Philips N.V., Toshiba Medical Systems Corporation, Siemens Healthcare, Hitachi Medical Corporation, EOS Imaging, Esaote SpA, Planmed OY, Fujifilm Holdings, Shimadzu Corporation, Carestream Health and Hologic, Inc.. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global orthopedic imaging equipment market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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