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Global Surgical Imaging Market to Reach USD 1.49 Billion by 2026

By HospiMedica International staff writers
Posted on 06 Jul 2019
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Image: The surgical imaging market growth is expected to be driven by an increased demand for minimally invasive procedures, advantages offered by flat panel detector c-arms and rise in healthcare expenditures (Photo courtesy of iStock).
Image: The surgical imaging market growth is expected to be driven by an increased demand for minimally invasive procedures, advantages offered by flat panel detector c-arms and rise in healthcare expenditures (Photo courtesy of iStock).
The global surgical imaging market was estimated to be worth USD 1.06 billion in 2018 and is projected to grow at a CAGR of 4.3% during the period 2019–2026 to reach USD 1.49 billion by 2026. The market growth will be driven by an increase in demand for minimally invasive surgical procedures, advantages offered by flat panel detector c-arms (FPD-c-arms), and rise in healthcare expenditure globally. However, the high cost associated with surgical imaging instruments will restrain the market growth to some extent. Nevertheless, a surge in the adoption of surgical imaging in different surgeries is likely to create multiple opportunities for the key players in the market.

These are the latest findings of Allied Market Research, (Portland, OR, USA), a full-service market research and business-consulting firm.

On the basis of modality type, the Mobile C-Arms segment held around three-fourth share of the global surgical imaging market in 2018 and is expected to maintain its dominance during the forecast period. The growth of the Mobile C-Arms segment is being led by an increase in the adoption of mobile C-arms in various forms of minimally procedures, such as orthopedic surgery, neurosurgery, general surgery, urology, and pain management; surge in the usage of mobile C-arms in the developing countries; and an increase in the number of hybrid operating rooms. On the other hand, the Mini C-Arms segment is projected to grow at a significant CAGR of 5.2% during the forecast period.

Based on technology type, the Flat Panel Detector C-Arms segment held the highest share of the global surgical imaging market in 2018, accounting for nearly three-fourth or more than two-third of the total market. The Flat Panel Detector C-Arms segment is also expected to record the fastest CAGR of 4.8% during the forecast period, driven by a rise in the demand for FPDs, technological advancements in FPD devices, and increase in awareness of FPD C-arms in the developing regions.

Geographically, North America held almost half the share of the global surgical imaging market in 2018 and is likely to maintain its dominance during the forecast period. The growth of the North American surgical imaging market is being driven by its well-developed healthcare infrastructure, higher adoption of surgical imaging systems, increase in demand for minimally invasive surgery, wide availability of advanced surgical imaging systems, and the presence of trained medical professionals in the region. On the other hand, the Asia-Pacific surgical imaging market is expected to register the highest CAGR of 5.6% during the forecast period.

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