Intraoperative Imaging Market to Reach USD 3.3 Billion by 2031, driven by the growth in investment in healthcare infrastructure across the globe: Global Insight Services
New York, August 2022: According to a new research study by Global Insight Services (GIS), the global intraoperative imaging market is expected to grow rapidly over the next 10 years to reach a value of more than USD 3.3 billion by 2031.
During surgery, the surgeon uses the intraoperative imaging system, an optical imaging device, to obtain a fast and detailed image of the surgical site. Through the use of images of the organ, tissue, or cell that the surgeon will be operating on, intraoperative imaging assists the surgeon. Intraoperative ultrasound, intraoperative CT, intraoperative MRI, intraoperative X-ray, and mobile C-arm are a few examples of intraoperative imaging equipment. These tools are utilized in a variety of surgical operations, including gastrointestinal surgery, heart surgery, neurosurgery, and cancer surgery.
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Intraoperative Imaging Market: Key Trends and Drivers
Intraoperative imaging has seen considerable changes and technological breakthroughs over the past ten years in the medical device industry, including the emergence of specialised imaging technologies and portable/handheld/smartphone-based intraoperative imaging equipment. Comparatively to conventional imaging devices, technologically sophisticated intraoperative imaging systems provide faster results, better image quality, simpler consoles, and easier operations.
The major market participants in intraoperative imaging are putting more and more emphasis on releasing cutting-edge technology. The focus of innovation in this sector is on creating affordable, cutting-edge technology intraoperative imaging equipment. The noise/sound generated by intraoperative imaging devices has decreased, which is a significant technological breakthrough. Important players have consistently developed products that make a lot less noise. Such developments concentrate on enhancing the capabilities of intraoperative imaging systems and broadening their application domains, which raises end customers’ demand for these systems.
Intraoperative Imaging Market: Market Restraints and Challenges
The price of and installation costs for intraoperative imaging systems are high, which raises the cost of the patient’s procedure. This has an impact on how quickly new systems are adopted, particularly in developing nations where the majority of healthcare facilities cannot afford such technologies. When healthcare organizations invest in such expensive systems, they frequently rely on third-party payers (such as Medicare, Medicaid, or commercial health insurance plans) to cover the expenses of diagnostic and therapeutic operations carried out using these systems. As a result, medium-sized and small healthcare facilities are unable to invest in cutting-edge intraoperative imaging modalities due to reasons such as ongoing reductions in reimbursements for intraoperative imaging scans and the rising cost of intraoperative imaging equipment.
Intraoperative Imaging Market Report Findings https://www.globalinsightservices.com/reports/intraoperative-imaging-market/
In 2021, the C-arm segment led the market and had the highest revenue share
Based on the product, it is segmented into iCT, iUltrasound, iMRI, and C-arm System. In 2021, the C-arm segment led the market and had the highest revenue share. This is because of its mobility, which enables it to man oeuvre around the patient to find the ideal angle for a high-quality image while keeping the patient at ease. Additionally, the segment is projected to be driven during the forecast period by technological advancements.
The systems segment is anticipated to dominate the market during the forecast period
Based on the component, it is segmented into the system, software, and services. The systems segment is anticipated to dominate the market during the forecast period. Manufacturers’ introduction of new technologies is anticipated to increase demand in the global intraoperative imaging market’s Systems segment. Market providers are focusing on the creation of systems with improved coverage, mobility, usability, and system size. For instance, businesses have recently focused on creating user-friendly platforms that will aid doctors in carrying out complicated surgery.
In 2021, the neurosurgical segment had the highest revenue share
Based on the application, it is segmented into neurosurgery, orthopedic, ENT surgery, oncology surgery, trauma surgery, cardiovascular, and others. In 2021, the neurosurgical segment had the highest revenue share. because there are more neurological conditions, such as epilepsy, stroke, Parkinson’s disease, migraine, brain tumors, multiple sclerosis, Alzheimer’s disease, and other dementias. Results from intraoperative imaging are game-changing because they let neurosurgeons operate with greater accuracy and precision, reduce the need for extra procedures, and shield patients from infection while being moved in and out of the operating theatre.
In 2021, the hospital sector dominated the market and accounted for the biggest revenue share. During the forecast period
Based on the end use, it is segmented into hospitals, and others. In 2021, the hospital sector dominated the market and accounted for the biggest revenue share. During the forecast period, it is anticipated that this dominance will persist. This is because hospitals are increasingly implementing cutting-edge intraoperative imaging equipment to improve patient outcomes. For instance, the first cerebral resection case employing a 3.0T high field intraoperative MRI equipment was done by the Xuanwu Hospital Neurosurgery Department China in April 2019, suggesting that the department has entered a new age of precision neurosurgery.
The North American region is anticipated to dominate the market during the forecast period
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. It is anticipated that the market will grow as a result of the presence of a sizable number of market players in the area and their ongoing efforts to develop new products, invest in acquisitions, and engage in R&D activities to support simple operations and guarantee the availability of genuine medical-grade imaging systems. For instance, the U.S. Food and Drug Administration (FDA) approved Activ Surgical’s ActivSight Intraoperative Imaging Module in April 2021 for improved surgical visibility. Activ Surgical is a pioneer in digital surgery. By providing surgeons with real-time intraoperative visual data and imaging, this imaging module enhances patient outcomes and operating room security.
Recent Developments
- October 2021, IMRIS, Deerfield Imaging Wins FDA 510(k) clearance for New iMRI 3T-V Surgical System.
- September 2019, Siemens AG established a new R&D center in Bengaluru, India, which offer diagnostic imaging solutions and advanced therapies. The center will manufacture mobile c-arm devices locally in India.
- January 2019, Canon Medical launched Global Illumination next-generation rendering capabilities to allow clinicians to visualize and manipulate photo-realistic anatomical images.
- December 2018, IMRIS, Deerfield Imaging announced a collaboration with the Prince Sultan Military Medical City and distributor Gulf Medical Company to install the first IMRIS Surgical Theatre in Saudi Arabia.
Intraoperative Imaging Market Report Coverage
- The report offers a comprehensive quantitative as well as qualitative analysis of the current global Intraoperative Imaging market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
- A thorough analysis of market trends and restraints is provided.
- Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
- The forecasts in this report are made by examining the recent trends along with future Intraoperative Imaging market potential from 2021 to 2031 in terms of revenue.
- Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Intraoperative Imaging market are also analyzed.
- Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global Intraoperative Imaging industry.
Global Intraoperative Imaging Market Segmentation
By Product
- iCT
- IUltrasound
- iMRI
- C-arm System
By Component
- System
- Software
- Services
By Application
- Neurosurgery
- Orthopedic
- ENT Surgery
- Oncology Surgery
- Trauma Surgery
- Cardiovascular
- Others
By End Use
- Hospital
- Others
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- The UK
- Germany
- France
- Spain
- Rest of Europe
- The Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- The Middle East
- Africa
Key Players
- General Electric Company (US)
- Siemens Healthineers AG (Germany)
- Ziehm Imaging GmbH (Germany)
- Medtronic (Ireland)
- Koninklijke Philips N.V. (Netherlands)
- Canon Healthcare (Japan)
- Stryker (US)
- Brainlab AG (Germany)
- IMRIS (US)
- Shimadzu Corporation (Japan)
- Shenzhen Anke High-tech Co. (China)
- Hitachi, Ltd. (Japan)
- FUJIFILM Holdings (Japan)
- Carl Zeiss Meditec AG (Germany)
- Mindray Ltd. (US)
