Spinal Imaging Market – By Product Type (X-ray {Myelogram, Discogram}, MRI {Open MRI}, CT, Ultrasound), Application (Spinal Stenosis, Spinal Tumor, Spinal Infection), End-use (Hospital, Diagnostic Imaging Center, ASC) – Global Forecast (2024 – 2032)

Spinal Imaging Market Size

Spinal Imaging Market size was valued at USD 2.1 billion in 2023 growing at a CAGR of 5.7% between 2024 and 2032. The market's growth is primarily driven by the increasing prevalence of spinal disorders, including herniated discs, spinal stenosis, and spondylolisthesis.

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These conditions are becoming more common due to factors like sedentary lifestyles, obesity, and an aging population. Consequently, the demand for diagnostic imaging tools, particularly for spinal imaging, is on the rise. To illustrate, a report from the World Health Organization in April 2024 highlighted that over 15 million people globally live with spinal cord injuries (SCI). Notably, most SCI cases result from preventable causes such as falls, road accidents, or violence. Given these trends, the market is poised for growth, further fuelled by advancements in diagnostic technologies like MRI, CT, and ultrasound. These technologies offer enhanced image resolution, better contrast, and more precise diagnoses, aligning with the increasing global incidence of accidents and trauma.
 

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Spine imaging refers to the use of various medical imaging technologies to visualize and diagnose conditions affecting the spine. It encompasses several techniques, each offering different levels of detail and types of information. A spinal MRI uses powerful magnets, radio waves, and a computer to make clear, detailed pictures of the spine. Whereas the x-rays of the spine may be performed to evaluate any area of the spine (cervical, thoracic, lumbar, sacral, or coccygeal). Some of the other related procedures that may be used to diagnose spine problems include ultrasound and computed tomography (CT scan).

Spinal Imaging Market Trends

The advent of portable and point-of-care imaging devices along with the incorporation of artificial intelligence and machine learning in imaging techniques enhances image interpretation, reduces human error, and improves diagnostic accuracy and efficiency. For instance, in November 2021 Canon Medical unveiled the Vantage Fortian - a new, advanced productivity, open bore 1.5T MRI systems. The new system features innovative workflow solutions, image enhancement and accelerated scan technology, which together can contribute to reducing the time required for MRI procedures. Thus, the upsurge in technological advancement in imaging technology, with rising demand for non-invasive diagnostic devices by patients is expected to contribute to the growth of the market.

Spinal Imaging Market Analysis

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Based on the product type, the market is classified into x-ray, magnetic resonance imaging, computed tomography, and ultrasound. The x-ray is further bifurcated into myelogram and discogram. The magnetic resonance imaging is sub-segmented into open MRI and close MRI. The magnetic resonance imaging segment dominated the market with revenue of USD 853.6 million in 2023.

• Continuous innovations in MRI technology have enhanced imaging resolution, speed, and versatility. This includes developments in high-field MRI systems, multi-parametric imaging techniques, and software enhancements for better visualization of spinal structures and pathology.
• Moreover, the increase in demand for non-invasive diagnostic tools such as MRI modality that does not involve ionizing radiation, making it safer for repeated use compared to CT scans or X-rays. This safety profile is particularly advantageous for patients requiring frequent monitoring or follow-up imaging, thereby contributing to the growth of the market.
• Furthermore, MRI provides detailed anatomical images of the spine, allowing healthcare providers to accurately diagnose conditions, assess disease progression, and evaluate treatment efficacy. This diagnostic accuracy contributes to better patient outcomes and reinforces the adoption of MRI in spinal imaging, contributing to their growing adoption.

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Based on the application, the global spinal imaging market is classified into spinal stenosis, spinal tumors, spinal infections, fractures, and other applications. The spinal stenosis segment dominated the market with market share of 29.3% in 2023.

• As the global population ages, there is a higher incidence of degenerative spine conditions such as spinal stenosis. Aging leads to wear and tear on the spine, contributing to the prevalence of these conditions thereby driving the growth of the market.
   
• Furthermore, conditions such as obesity and sedentary lifestyles contribute to the development and worsening of spinal stenosis. These factors increase the demand for diagnostic imaging to assess the extent of the condition and guide treatment decisions, thereby fueling the market growth.

Based on end-use, the spinal imaging market is classified into hospitals, diagnostic imaging centers, ambulatory surgical centers, and other end-users. The hospitals segment is expected to exhibit 6% CAGR between 2024 - 2032.

• Hospitals invest in state-of-the-art imaging technologies such as MRI, CT, and X-ray systems that provide detailed and accurate images of the spine. These technologies aid in precise diagnosis, treatment planning, and monitoring of spinal disorders, thereby contributing to the growth of the market.
  Moreover, many hospitals collaborate with research institutions and academic centers to access cutting-edge imaging technologies and participate in clinical trials for spinal imaging advancements. This collaboration fosters innovation and enhances the hospital's reputation as a center of excellence in spinal care, thereby fostering market growth.

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In 2023, North America secured a substantial market share of 43.6% in the global spinal imaging market and is expected to dominate throughout the forecast period.
 

• The presence of robust reimbursement frameworks in countries like the U.S. and Canada encourages healthcare providers to invest in advanced spinal imaging technologies, thereby boosting the growth of the market.
• Moreover, the presence of key market players in this region, along with continuous innovation and the introduction of new spinal imaging technologies, focuses on improving diagnostic accuracy, patient comfort, and operational efficiency in healthcare settings, thereby driving market growth.
• Furthermore, the increasing integration of spinal imaging technologies with healthcare IT solutions, such as PACS (Picture Archiving and Communication Systems) and EHRs (Electronic Health Records), enhances workflow efficiency, data management, and accessibility of imaging results, thereby fueling market growth.

The spinal imaging market in U.S. is expected to exhibit 5.6% CAGR between 2024 - 2032.

• Increasing patient and physician awareness about the benefits of early diagnosis and treatment of spinal disorders through imaging contributes to market growth.
• In addition, increasing prevalence of spinal conditions such as disc herniation, spinal stenosis, and degenerative disc disease coupled with the aging population in the U.S. that are more prone to spinal disorders fuels the demand for spinal imaging diagnostics, thereby boosting the growth of the market.
• Rising awareness among patients and physicians regarding the advantages of early diagnosis and treatment of spinal disorders through imaging is a key driver of market growth.
• Moreover, the growing prevalence of spinal conditions like disc herniation, spinal stenosis, and degenerative disc disease, alongside an aging U.S. population more susceptible to such disorders, is amplifying the demand for spinal imaging diagnostics, propelling market expansion.
  According to the National Institute of Neurological Disorders and Stroke, approximately 80% of adults experience lower back pain at some point in their lives, highlighting the need for effective spinal imaging solutions.

Germany to experience the highest growth rate in the Europe market.

• Germany is renowned for its advanced healthcare technology sector. The adoption of innovative imaging modalities such as MRI, CT, and ultrasound for spinal imaging contributes to market growth. These technologies offer higher resolution and improved diagnostic capabilities.
• Furthermore, Germany has one of the highest healthcare expenditures in Europe. Increased investment in healthcare infrastructure and services, including diagnostic imaging facilities, supports the growth of the market.

The Asia Pacific spinal imaging market is expected to grow with a significant CAGR of 6% during the forecast period.

• The rapidly increasing population in countries like Japan, South Korea, and China, increases the risk of spinal disorders and related conditions such as osteoporosis and degenerative disc disease, driving the demand for spinal imaging technologies, thereby driving the growth of the market.
• Moreover, countries like Thailand and Singapore are becoming hubs for medical tourism, attracting patients from neighboring regions for specialized spinal treatments, thus driving the demand for advanced spinal imaging technologies.
  Furthermore, urbanization and changing lifestyles contribute to an increase in lifestyle diseases such as obesity and sedentary lifestyles, which are associated with spinal issues like disc herniation and chronic back pain, necessitating spinal imaging for diagnosis and treatment planning, thus propelling the growth of the market in this region.

Spinal Imaging Market Share

The spinal imaging industry is characterized by intense competition among key players aiming to expand their market presence. Leading companies are focusing on strategic initiatives such as mergers, acquisitions, and partnerships to strengthen their market position. These efforts are aimed at enhancing their service offerings, expanding their geographic reach, and investing in advanced technologies. The market also witnesses the entry of new players, intensifying the competitive landscape further.

Spinal Imaging Market Companies

Prominent players operating in the spinal imaging industry are as mentioned below

• Canon Medical System Corporation
• Esaote S.p.A
• Fujifilm Corporation
• GE HealthCare Technologies, Inc.
• Hitachi Ltd.
• Hologic Inc.
• Koninklijke Philips N.V.
• Medtronic plc
• Rivanna Medical Inc.
• Siemens Healthineers
• Shimadzu Corporation
• Ziehm Imaging
   

Spinal Imaging Industry News

• In June 2023, GE HealthCare announced collaboration with Depuy Synthes to bring advanced 3D precision imaging innovation to spine practices in the U.S. This collaboration demonstrates GE HealthCare’s ongoing commitment to bring exceptional imaging technologies to clinicians. This helped the company expand its sales in U.S.
• In November 2021, Royal Philips announced new AI-enabled innovations in MR imaging. Philips’ new MR portfolio of intelligent integrated solutions is designed to speed up MR exams, streamline workflows, optimize diagnostic quality for spine and abdomen disease, and help ensure the efficiency and sustainability of radiology operations. This product launch aimed to broaden the diagnostic imaging availability, complementing existing diagnostic devices.

The spinal imaging market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments

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Market, By Product Type

• X-ray
  • Myelogram
  • Discogram
• Magnetic resonance imaging
  • Open MRI
  • Close MRI
• Computed tomography
• Ultrasound

Market, By Application

• Spinal stenosis
• Spinal tumors
• Spinal infections
• Fractures
• Other applications

Market, By End-use

• Hospitals
• Diagnostic imaging centers
• Ambulatory surgical centers
• Other end-users

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa
  • South Africa
  • Saudia Arabia
  • UAE
  • Rest of Middle East and Africa