Surgical Imaging Market By Product (Mobile C-arms, Mini C-Arm, Endoscopy, Laparoscopy), Technology (Image Intensifier C-arms, Flat-Panel Detector C-arms (FPD C-arms)), Application (Orthopedic & Trauma Surgeries, Cardiovascular Surgeries, Neurosurgeries), End-Users (Hospitals, Surgery Centers & Clini

Surgical Imaging Market Valuation – 2024-2031

The constant R&D efforts are broadening the scope of surgical imaging, resulting in the introduction of novel applications such as image-guided medication distribution and surgical navigation. These improvements allow healthcare practitioners to execute procedures with more precision and effectiveness, resulting in better patient outcomes. Thus, the increasing focus on research and development is driving the market size to USD 2.15 Billion in 2024 to reach a valuation of USD 3.3 Billion by 2031.

Surgical imaging technologies enable cost savings by increasing surgical efficiency and reducing complications. Surgical imaging improves surgical accuracy by giving real-time visualization and guidance during procedures, minimizing the need for further interventions and post-operative care. Thus, the cost-effectiveness of surgical imaging is enabling the market to grow at a CAGR of 6.07% from 2024 to 2031.

Surgical Imaging MarketDefinition/ Overview

Surgical imaging is the use of various technologies to visualize a patient’s inside organs during surgical procedures. This allows surgeons to view organs, tissues, and anatomical details in real-time, giving them critical information to direct their operations and improve surgical outcomes.

Surgical imaging revolutionizes the traditional approach to surgery, offering a comprehensive view of the patient’s internal anatomy during procedures. Unlike relying solely on sight and touch, surgical imaging provides surgeons with real-time insights into the patient’s body, enhancing their ability to perform complex surgeries with precision. Various techniques are available, including fluoroscopy, laparoscopy, arthroscopy, ultrasound, CT scan, and MRI, each catering to specific surgical needs.

For surgeons, the benefits of surgical imaging are manifold. Improved visualization allows for a better understanding of anatomical structures, particularly in intricate surgeries. Enhanced precision enables surgeons to navigate delicate procedures with accuracy, minimizing damage to surrounding tissues. Early detection of potential issues during surgery helps mitigate complications and ultimately improves patient outcomes. Moreover, surgical imaging facilitates minimally invasive procedures, which offer patients faster recovery times and reduced scarring. As a result, the surgical imaging market continues to thrive as healthcare providers increasingly recognize its indispensable role in modern surgical practices.

The growing geriatric population and increasing awareness surrounding radiography procedures serve as pivotal factors propelling the growth of the surgical imaging market. For instance, according to the in 2019, the global population aged 60 years and older reached 1 Billion. By 2030, this figure is projected to rise to 1.4 Billion, and by 2050, it is expected to reach 2.1 Billion. Also, technological advancements in the healthcare industry are expected to be significant drivers of market expansion in the coming years.

The increasing prevalence of chronic disorders such as high blood pressure, diabetes, cholesterol, osteoporosis, and cancer globally is surging the growth of the surgical imaging market. According to the , in the United States, osteoporosis affects approximately 10 Million individuals aged 50 years and older, with the majority being women. However, around 2 Million men are also impacted.

Moreover, an additional 43 million individuals, including 16 Million men, have low bone mass, heightening their susceptibility to osteoporosis. According to the , in 2021, hypertension played a role in 691,095 deaths in the United States, either as a primary cause or as a contributing factor. Nearly half of all adults (48.1%, totaling 119.9 Million individuals) have hypertension, which is defined as having a systolic blood pressure greater than 130 mmHg, a diastolic blood pressure greater than 80 mmHg, or taking medication for hypertension.

FPDs maintain consistent image quality over time and offer a broader dynamic imaging range compared to image intensifiers. Unlike image intensifiers, FPDs don’t compromise field of vision with higher magnification, ensuring a seamless operational experience for physicians with ample space around the patient. With larger openings in C-arms, physicians have more room to maneuver and utilize instruments effectively. FPDs also bring added benefits like reduced radiation exposure, absence of image distortion, heightened sensitivity, and improved patient coverage. These advantages are fueling the increasing preference for FPD C-arms in hospitals, thereby stimulating market growth. Additionally, developed regions boast well-established health insurance frameworks, exemplified by the U.S. where over 300 million people enjoy extensive healthcare coverage.

The high cost associated with surgical imaging systems is hampering the growth of the market. This significant capital outlay presents a hurdle for many small and medium-sized institutions seeking to invest in such equipment. For instance, healthcare is a large industry in the with individuals who require medical treatment bearing the financial burden. In 2021, total healthcare spending in the country exceeded USD 4.3 Trillion, with hospital services accounting for more than 31%. Hospital expenses are influenced by a variety of factors, including the hospital’s location and the patient’s insurance coverage, resulting in significant variations. The average daily cost of a hospital stay in the United States is USD 2,883. California is the most expensive state, with an average daily cost of USD 4,181, while Mississippi has the lowest cost, at USD 1,305 per day. Typically, a hospital stay lasts 4.6 days, costing an average of USD 13,262.

Compounding the financial strain, hospital budgets face scrutiny and reduction, European hospitals also grapple with similar fiscal challenges, with further cuts anticipated. These budgetary constraints mandate cost-containment measures across hospital operations, resulting in staff layoffs, deferred facility upgrades, and postponement of high-cost equipment purchases like C-arm systems.

Moreover, the ongoing pandemic exacerbates financial pressures on healthcare facilities, making outright capital equipment purchases even more daunting. Most hospitals have deferred equipment acquisitions by a year or more, potentially dampening market growth in the foreseeable future.

Category-Wise Acumens

How the Cost-Effective Imaging Solution of Image Intensifier C-arms is Driving the Growth of Image Intensifies C-arms Segment in Surgical Imaging Market?

Image Intensifier C-arms segment is showing significant growth in the surgical imaging market and is anticipated to continue its growth throughout the forecast period. Its extensive use is driven by factors such as an established installed base, a reduced initiating cost when compared to FPD systems, and lower maintenance costs. These features made image intensifier C-arms the favored choice for many healthcare organizations looking for cost-effective imaging solutions.

Their real-time imaging capabilities allow surgeons to see procedures as they occur, allowing for instant modifications for greater precision. Furthermore, these systems are extremely versatile, supporting a wide range of surgical specialties including orthopedics, neurology, vascular surgery, and cardiac operations. Their versatility makes them valuable in a variety of surgical scenarios. Furthermore, image intensifier C-arms are immediately available in the operating room, ensuring speedy setup and seamless access to imaging during procedures. This accessibility streamlines workflow, reducing downtime and increasing surgical efficiency.

Furthermore, their dynamic imaging capabilities allow surgeons to record high-quality images of moving structures and dynamic anatomical changes, which is very useful for treatments like joint manipulation, vascular interventions, and cardiac procedures. Overall, image intensifier C-arms are indispensable instruments, enabling real-time vision, adaptability, instant availability, and dynamic imaging capabilities critical for good surgical outcomes.

How the Higher Picture Quality and Dynamic Range is Driving the Growth of Flat-Panel Detector C-arms (FPD C-arms) Segment in the Surgical Imaging Market?

Flat-Panel Detector C-arms (FPD C-arms) segment is expected to be the fastest growing segment during the forecast period owing to their inherent benefits over standard image intensifier systems. FPD C-arms provide higher picture quality, a larger dynamic range, and lower radiation exposure, which benefits both patients and medical professionals. Furthermore, FPD systems decrease picture distortion, improve sensitivity, and give better coverage of patients during treatments.

Despite their greater initial costs, advances in technology have made FPD C-arms more cost-effective over time. Furthermore, as healthcare practitioners become more aware of the long-term benefits of FPD systems, their use is increasing.

Orthopedic & Trauma Surgeries are substantially dominating the application category in the surgical imaging market and are expected to continue their growth throughout the forecast period.

The Orthopedic and Trauma surgery segment is significantly dominating the growth of surgical imaging market. Minimally invasive treatments are becoming increasingly popular in orthopedic and trauma surgery. Furthermore, the use of C-arms for 3D navigation improves the efficiency and precision of these surgeries, which increases their appeal.

Minimally invasive procedures are becoming increasingly popular in orthopedic and trauma surgeries due to possible benefits such as reduced post-operative discomfort, quicker recovery times, and reduced tissue damage. C-arms play an important role in enabling these treatments by providing real-time imaging guidance, allowing for correct implant placement, and ensuring the best surgical outcomes.

Furthermore, incorporating 3D navigation capabilities into C-arm systems improves the accuracy and efficacy of orthopedic and trauma procedures. Surgeons can use modern imaging techniques to visualize complex anatomical features in three dimensions, which aids in preoperative planning and intraoperative navigation. This feature enables precise implant placement, alignment corrections, and trajectory planning, resulting in improved patient outcomes.

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Country/Region-wise Acumens

How the Increasing Prevalence of Chronic Diseases and Rising Need for Surgical Imaging Solution is Surging the Growth of the North America Surgical Imaging Market?

The increasing prevalence of chronic diseases, the rising need for surgical imaging solutions, and ongoing innovations in the region are surging the growth of the surgical imaging market. For instance, according to the in 2022, the United States is expected to see 1.9 million new cancer cases and 609,360 cancer deaths. According to the as of January 2022, it is anticipated that the United States will have 18.1 million cancer survivors. This accounts for around 5.4% of the population.

In addition, there is a growing tendency toward minimally invasive procedures, as seen by recent implementations such as TRiCares’ launch of the Topaz Tricuspid Heart Valve replacement system in Canada and KA Imaging’s distribution deal with Bio Scan S.A. de C.V. in Mexico. These improvements reflect the region’s growing demand for novel surgical imaging technology.

Furthermore, the presence of rivals and continuing product releases and approvals help to drive market expansion. Notable instances include Hyperfine, Inc.’s Health Canada approval and commercial launch of the Swoop portable MRI equipment, as well as government-funded initiatives such as the South Shore Regional Hospital Redevelopment Project, which intends to improve healthcare infrastructure with new MRI scanners.

How the Increasing Demand for Minimally Invasive Surgeries in the Region are Expected to Drive the Asia Pacific Surgical Imaging Market During the Forecast Period?

Asia Pacific is anticipated to be the fastest growing region during the forecast period, owing to the surge in demand for Minimally Invasive Surgeries (MIS), driven by several factors. MIS procedures offer benefits such as quicker recovery times, reduced pain, and enhanced cosmetic outcomes, which are increasingly favored by patients. Consequently, there is a growing need for surgical imaging systems that facilitate these procedures, thereby fueling market demand.

Additionally, the APAC region is experiencing a significant demographic shift, with a rapidly increasing elderly population. This demographic is more prone to chronic diseases that often require surgical intervention, thereby driving the demand for surgical imaging technologies to aid in diagnosis and treatment. The rising prevalence of cancer in the region is contributing to the growth of the market in the region. For instance, according to the , in India in 2022 around 14,61,427 people were diagnosed with cancer.

Furthermore, there is a notable increase in healthcare expenditure across various APAC countries, both from government and private sectors. This heightened investment in healthcare infrastructure enables the acquisition of advanced medical equipment, including surgical imaging systems, to meet the growing healthcare demands of the population. For instance, according to the , Indian funds utilized for Cancer treatment in the years 2019-20 were 3,207 Million (INR 2677.08), 2020-21 USD 1.884 Million (INR 1573.00), 2021-22 USD 0.891 Million (INR 743.44), and 2022-23 USD 0.516 Million (INR 430.82).

Moreover, ongoing technological advancements in surgical imaging are further propelling market growth in APAC. Innovations such as portable surgical imaging devices, advancements in image quality, and integration with other surgical tools are enhancing the attractiveness of these systems for surgeons. These advancements improve procedural efficiency, accuracy, and patient outcomes, contributing to the growing adoption of surgical imaging technologies across the APAC region.

Competitive Landscape

The competitive landscape of the surgical imaging market is characterized by innovation, strategic partnerships, and a growing emphasis on emerging markets. The ability to adapt to these trends and deliver cost-effective solutions with advanced functionalities will be crucial for long-term success.

The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the surgical imaging market include

• Siemens Healthcare
• Hitachi Ltd.
• GE Healthcare
• Koninklijke Philips N.V.
• Canon Medical Systems Corporation
• Hologic, Inc.
• Medtronic
• PLC
• Shimadzu Corporation

Surgical Imaging Latest Developments

• In January 2022, Siemens Healthineers announced its latest breakthroughs in medical imaging, both virtually and live, at Arab Health 2022, allowing healthcare professionals to improve care and use AI to change clinical decision-making.
• In December 2021, GE Healthcare completed the previously announced acquisition of BK Medical, a pioneer in advanced surgical imaging, from Altaris Capital Partners, LLC, the businesses signed a definitive deal for GE to purchase BK Medical for USD1.45 Billion in cash on September 22, 2021.
• In March 2021, Fujifilm Healthcare paid 179 billion yen (€1.3 Billion) for Hitachi Diagnostic Imaging to provide a comprehensive solution that addresses a wide range of clinical demands.

Report Scope

Surgical Imaging Market, By Category

Product

• Mobile C-arms
• Mini C-Arm
• Endoscopy
• Laparoscopy
• Angiography

Technology

• Image Intensifier C-arms
• Flat-Panel Detector C-arms (FPD C-arms)

Application

• Orthopedic & Trauma Surgeries
• Cardiovascular Surgeries
• Neurosurgeries
• Gastrointestinal Surgeries

End-Users

• Hospitals
• Surgery Centers & Clinics

Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario