Global Fluoroscopy Equipment Market Size By Product Type, By Application, By Technology, By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Fluoroscopy Equipment Market Size By Product Type, By Application, By Technology, By Geographic Scope And Forecast
Fluoroscopy Equipment Market Size And Forecast
Fluoroscopy Equipment Market size was valued at USD 5.01 Billion in 2023 and is projected to reach USD 9.27 Billion by 2030, growing at a CAGR of 4.3%during the forecast period 2024-2030.
Global Fluoroscopy Equipment Market Drivers
The market drivers for the Fluoroscopy Equipment Market can be influenced by various factors. These may include
Growing Rate of Chronic Illnesses Fluoroscopy is frequently utilised in the detection and management of a number of long-term ailments, including orthopaedic and cardiovascular problems. The need for fluoroscopy equipment is exacerbated by the increasing incidence of these conditions.
Technological Developments New developments in technology, like the creation of digital fluoroscopy equipment, compact C-arms, and better image quality, have the potential to propel market expansion. Healthcare professionals frequently look for newer, more feature-rich equipment with lower radiation exposure.
Growing Ageing Population As people age, they sometimes face additional health problems, some of which call for fluoroscopy operations. The need for fluoroscopy-based diagnostic and interventional procedures is expected to rise with the ageing of the world’s population.
Growing Knowledge and Screenings The need for fluoroscopy procedures may be driven by a growing understanding of the value of early disease identification and preventative healthcare measures. The industry is growing in part because of screening programmes for diseases like cancer and cardiovascular disorders.
An increase in minimally invasive procedures has been observed. One typical tool utilised in these procedures is fluoroscopy. Due to shorter recovery times and lower risks, minimally invasive procedures are becoming more and more popular, which drives up demand for fluoroscopy equipment.
Government financing and efforts The market for fluoroscopy equipment may benefit from government financing and efforts for the construction of healthcare infrastructure. The expansion of the market is facilitated by investments made in medical facilities and equipment that improve diagnostic and interventional capabilities.
Increasing Healthcare Spending The purchase of cutting-edge medical technology, such as fluoroscopy devices, can result from a general increase in healthcare spending by both public and commercial organisations.
Globalisation of Healthcare Services The market for fluoroscopy equipment may grow as a result of the adoption of cutting-edge medical technology in emerging nations and the globalisation of healthcare services.
Global Fluoroscopy Equipment Market Restraints
Several factors can act as restraints or challenges for the Fluoroscopy Equipment Market. These may include
Expensive Equipment The cost of installing and purchasing fluoroscopy equipment can be a barrier to adoption, particularly in smaller healthcare facilities or those with tighter budgets.
Strict Regulations Fluoroscopy equipment and the medical imaging sector are subject to stringent regulations and approvals. The time and money required to comply with these laws can limit the expansion of the market.
Radiation Exposure Concerns over the possible health effects of extended radiation exposure from fluoroscopy procedures have long existed. This may result in more regulatory scrutiny and difficulties, which could hinder the uptake of fluoroscopy equipment.
Restricted Access to Skilled Workers Skilled operators are needed to perform fluoroscopy treatments. The broad use of fluoroscopy equipment may be hampered by a lack of qualified workers or the requirement for further training.
Developments in Alternative Technologies The fluoroscopy market may face challenges from the ongoing development of alternative imaging technologies, such as computed tomography (CT) scans and magnetic resonance imaging (MRI), which have different advantages and may be preferred in some circumstances.
Problems with Reimbursement In certain healthcare systems, the expenses of the equipment and the processes involved in fluoroscopy operations may not be sufficiently covered by the reimbursement regulations in place. Healthcare establishments’ desire to spend money on fluoroscopy equipment may be impacted by this.
Fears Regarding Overexposure and Dose Control The significance of reducing radiation exposure in medical imaging is becoming more widely recognised. If concerns regarding overexposure are not sufficiently addressed by fluoroscopy equipment, there may be market limitations and a desire for alternate imaging modalities.
Global Fluoroscopy Equipment Market Segmentation Analysis
The Global Fluoroscopy Equipment Market is Segmented on the basis of Product Type, Application, Technology and Geography.
Fluoroscopy Equipment Market, By Product Type
Fixed Fluoroscopy Equipment These are stationary imaging devices commonly found in dedicated imaging rooms. They are designed for high-quality imaging in diagnostic and interventional procedures.
C-Arm Fluoroscopy Equipment These are mobile, versatile imaging devices with a C-shaped arm that allows for flexibility and easy positioning during surgical and interventional procedures.
Fluoroscopy Equipment Market, By Technology
Analog Fluoroscopy Traditional imaging technology using analog signals for real-time X-ray imaging.
Digital Fluoroscopy Utilizes digital technology to capture, process, and display X-ray images, offering advantages such as improved image quality and easier storage and sharing of data.
Fluoroscopy Equipment Market, By Application
Diagnostic Imaging Used for various diagnostic procedures across medical specialties.
Surgical Procedures Employed in real-time imaging during surgeries for guidance and precision.
Interventional Cardiology Specifically designed for cardiac procedures requiring fluoroscopic guidance.
Orthopedic Surgery Used for orthopedic procedures for real-time visualization.
Gastrointestinal Surgery Applied in procedures involving the gastrointestinal tract.
Others Encompasses additional applications depending on the specific needs and advancements in medical technology.
Fluoroscopy Equipment Market, By Geography
North AmericaMarket conditions and demand in the United States, Canada, and Mexico.
EuropeAnalysis of the FLUOROSCOPY EQUIPMENT MARKET in European countries.
Asia-PacificFocusing on countries like China, India, Japan, South Korea, and others.
Middle East and AfricaExamining market dynamics in the Middle East and African regions.
Latin AmericaCovering market trends and developments in countries across Latin America.
Key Players
The major players in the Fluoroscopy Equipment Market are
Canon Medical Systems Corporation (Japan)
Hitachi Medical Systems (Japan)
Siemens Healthineers (Germany)
Koninklijke Philips NV (Netherlands)
General Electric Company (GE Healthcare) (US)
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2020-2030
BASE YEAR
2023
FORECAST PERIOD
2024-2030
HISTORICAL PERIOD
2020-2022
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
Canon Medical Systems Corporation (Japan), Hitachi Medical Systems (Japan), K26Siemens Healthineers (Germany), Koninklijke Philips NV (Netherlands), General Electric Company (GE Healthcare) (US).
SEGMENTS COVERED
By Product Type, By Application, By Technology and By Geography.
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