United States Orthopedic Imaging Modalities Market is expected to register an impressive CAGR in the forecast period of 2024-2028. The United States Orthopedic Imaging Modalities Market is growing on account of increasing incidences of bone injuries and joint injuries across the country.
Orthopedic Imaging Modalities Market
Additionally, other factors such as growing incidences of orthopedic diseases, growing advancement in technology and imaging systems, rising cases of joint replacement surgery are leading the market growth and creating lucrative opportunities for supporting the market in the forecast period.
Growing Incidence of Bone Injuries and Orthopedic Diseases
According to the US Centers for Diseases Control and Prevention (CDC), approximately 72 million people are expected to suffer from arthritis in the US, by 2030.
The Increase in Technological Advancements in Imaging
The increasing demand for orthopedic Imaging leads to the development of advanced 3-D imaging, and updated software modelling of the imaging field required. Orthopedic Imaging equipment such as X-rays, MRI, Ultrasounds, nuclear imaging, etc. are used for bone scanning, scanning in cases implants and is used for the diagnosis processes. The 3-D imaging provides visualization with precision, accuracy and quick diagnosis alongwith the development of applications such as Computer-assisted Detection (CAD) and other image analysis applications and is expected to bolster the market growth in the modality especially growth in the tomographic imaging techniques.
The Growing Number of Joint Replacement Surgeries
American Joint Replacement Registry (AJRR), the largest orthopedic registry in the world, in 2021, over 2.2 million hips and knee procedures were performed over 1,150 hospitals, ambulatory surgery centers (ASCs), and other private practice groups that submitted data across all 50 states and district of Columbia.
Growing Geriatric Population Suffering Bone Injuries
according to the National Trauma Database, the elderly population that is aged around 65 and above account for approximate a quarter of all trauma patients in the United States.
Market Segmentation
United States Orthopedic Imaging Modalities Market is segmented based on Application, Modality, End User, region and competitive landscape. Based on Application, the market is segmented into Hip, Knee, Spine, Other Extremities. Depending on the Modality, the market is segmented into X-Ray, Computed Tomography (CT) Scanners, Magnetic Resonance Imaging (MRI) Systems, Ultrasound Systems. Based on End User, the market is segmented into Hospitals, Ambulatory Surgery Centers, and Others.
Market Players
FUJIFILM Holdings Corporation, Canon Inc., General Electric Company, Johnson & Johnson, Konica Minolta, Inc., Koninklijke Philips N.V.,
Attribute | Details |
Base Year | 2022 |
Historical Years | 2018 – 2021 |
Estimated Year | 2023 |
Forecast Period | 2024 – 2028 |
Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2023-2028 |
Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered | Application Modality End User |
Country Scope | Northeast Region, Midwest Region, South Region, West Region |
Key Companies Profiled | FUJIFILM Holdings Corporation, Canon Inc., General Electric Company, Johnson & Johnson, Konica Minolta, Inc., Koninklijke Philips N.V., Smith & Nephew plc, Shimadzu Corporation, OrthAlign, Inc., Medtronic plc. |
Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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