Orthopedic Imaging Equipment Market Outlook 2024: Global Opportunity and Demand Analysis, Market Forecast, 2016-2024

Global Orthopedic Imaging Equipment Market 

Market Overview

Global medical device industry is highly diversified and witnessing unprecedented progression in implementing innovative and advance technologies for the development of new medical devices. About 8% of value of shipment (VOS) of the U.S. medical devices includes X-ray, computed tomography (CT) scanner and diagnostic imaging equipments. Growing improvement and launch 3D orthopedic imaging equipment is making the diagnosis easier and provides several options for clinical and doctors. In March 2016, at European Congress of Radiology (ECR), Siemens Healthcare launched equipment which offers precise neurological imaging assessment. Siemens also introduced Multitom Rax an advanced robotic X-ray, which can take 3D images under natural weight bearing condition of patients. Countries like Canada is investing the development of portable 3D/4 D ultrasound diagnostic imaging equipment for the diagnosis of non-visible injuries.

Market Segmentation

Global orthopedic imaging equipment market is segmented on the following basis:

• Based on Product Type
  • X-Ray System
  • CT-Scanner
  • Electro-Optical Imaging System
  • Magnetic Resonance Imaging (MRI) System
  • Ultrasound System
  • Nuclear Imaging System
• Based on End User
  • Hospitals
  • Radiology/Diagnostic Centers
  • Ambulatory Surgical Centers
• Based on Geography

• North America (U.S. & Canada) {Market Size (USD Billion ), Growth Analysis (%) and Sales (In Units)}
•  Latin America (Brazil, Mexico & Rest of Latin America) {Market Size (USD Billion ), Growth Analysis (%) and Sales (In Units)}
• Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) {Market Size (USD Billion ), Growth Analysis (%) and Sales (In Units)}
• Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) {Market Size (USD Billion ), Growth Analysis (%) and Sales (In Units)}
• Middle East & Africa (GCC, South Africa, North Africa, RoMEA) {Market Size (USD Billion ), Growth Analysis (%) and Sales (In Units)}
•  Rest of World {Market Size (USD Billion ), Growth Analysis (%) and Sales (In Units)}

Market Size and Forecast (2016-2024)

Global orthopedic imaging equipment market valued USD 7.52 billion in 2015 and is estimated to grow at a CAGR of 5.2% during the forecast period.

North America and Europe are the dominant regions for orthopedic imaging equipment market and are expected to dominate over the forecast period. North America orthopedic imaging equipment market is expected to grow at a CAGR of 4.0% over the forecast period. U.S. medical device industry faces huge competition from countries such as Germany, the Netherlands and Japan due to low price of medical devices. However, Trans-Pacific Partnership agreement (TPP) between U.S. and with countries such as Australia, Canada, Chile, Japan, Malaysia, Mexico, Brunei, New Zealand, Peru, Singapore and Vietnam are expected to expand the orthopedic imaging equipment market in North America region. U.S. orthopedic imaging equipment market valued USD 2.06 billion in 2016 and is projected to reach over USD 2.87 billion in 2024.

Europe orthopedic imaging equipment market valued USD 2.54 billion in 2015 and is expected to hold 30% share of the orthopedic imaging equipment market over the forecast period. Germany is the dominating country and largest manufacturer of orthopedic imaging equipment market followed by the Netherlands and Belgium. Germany held 26% revenue share of Europe orthopedic imaging equipment market in 2016.

Rising number of manufacturers for orthopedic imaging equipments in countries such as Japan, China, Singapore, Taiwan and Korea are contributing in the growth for orthopedic imaging equipment market in Asia-Pacific region. Asia-Pacific orthopedic imaging equipment market is expected to grow at a CAGR of 7.0% during the forecast period. Whereas, Latin America orthopedic imaging equipment market valued USD 0.48 billion in 2016 and is anticipated to register healthy growth owing to the increasing sales in countries such as Brazil, Chile and Mexico.

Market Drivers and Challenges

Rising geriatric population and increasing prevalence of bone-related issues or disorders are bolstering the demand for orthopedic imaging equipment market. However, high tariffs on medical devices are restricting the growth of foreign medical device companies of developing countries, for expansion of their orthopedic imaging equipment business in international market. Countries such as India and other developing part of Asia-Pacific are still facing high tariffs on medical devices resulting in the declining sales of orthopedic imaging equipments. Availability of limited funds for medical device purchases and lack of authentic information about the medical devices from the manufacturer are limiting the growth of medical device market mainly in emerging economies. This is eventually affecting the business expansion of orthopedic imaging equipments.

Key Market Players

• General Electric Healthcare
  • Synopsis
  • Business Strategy
  • Product Portfolio
  • SWOT Analysis
• 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
• Hologic, Inc.

Scope Background

Market Synopsis

Market Segmentation

The Global Orthopedic Imaging Equipment Market is segmented as follows:

• By Product Type (Market Size, Demand Analysis and Growth Analysis)
• By End-User (Market Size, Demand Analysis and Growth Analysis)

By Region

• North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis}

• Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis}
• Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis}
• Asia-Pacific (China, India, Singapore, Japan, Hong-Kong, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis}
• Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis}
• Rest of World  {Market Size, Growth Analysis and Opportunity Analysis}

Market Dynamics: Growth Drivers, Restraints and Opportunities

• Risk Factors

• Regional Variations
• Recent Trends and Developments

Key Market Players

• Synopsis
• Business Strategy
• Product Portfolio
• SWOT Analysis

Porter’s Five Force Model

Market Landscape: Competition and Beyond

Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem

Expert Analysis

Concluding Remarks

Customize Request