In this report, we delve into the Global C-Arm Market, exploring its key components, growth drivers, challenges, and competitive landscape. The C-Arm, a modern imaging instrument renowned for its low radiation and high-quality images, plays a crucial role in various medical fields, including orthopedics, trauma surgery, and cardiology. This report provides insights into this evolving market.
Research Overview
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Report Ocean Research predicts a Compound Annual Growth Rate (CAGR) of 4.2% for the global C-Arm market during the forecast period from 2019 to 2025. C-Arm devices are at the forefront of medical imaging technology, offering applications in numerous medical disciplines. Factors such as the rise in chronic diseases, an aging population, and the demand for advanced imaging technology are driving market growth. However, the high equipment cost and the increased use of refurbished devices pose challenges.
Market Dynamics
Drivers
- Increase in Incidence of Chronic Diseases
- Aging Population
- Growing Demand for Enhanced Imaging Technology
Opportunities
- Advancements in Innovative Technology
- Emerging Markets
Risks
- High Equipment Costs
- Use of Refurbished Devices
- Stringent Regulatory Framework
Market Segmentation
Device Types
- Fixed C-Arm
- Mobile C-Arm
- Full-size C-Arm
- Mini C-Arm
In 2018, the mobile C-Arm market dominated, expected to grow at a mid-single-digit CAGR. The mobile C-Arm segment further splits into full-size C-Arm and mini C-Arm, with mini C-Arm projected to grow at over 5% CAGR.
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Applications
- Cardiology
- General Surgery
- Neurology/Neurosurgery
- Orthopedics and Trauma
- Pain Management
- Others
Orthopedics and trauma led the market in 2018, maintaining its position during the forecast period due to increased accident rates.
Regions
- North America
- Europe
- Asia Pacific
- Rest of the World
North America dominated the market in 2018 with over 40% share and is expected to maintain its position. Asia Pacific is projected to grow at the fastest rate.
Competitive Analysis
The global C-Arm market is growing steadily, with a CAGR of 4.2% during the forecast period. Key vendors continue to launch and approve C-Arm devices for various clinical uses. For example, Philips launched Philips Zenition for image guidance in orthopedic, trauma, and vascular procedures in 2019. ControlRad received US FDA clearance for ControlRad Trace in 2019, while OrthoScan launched the OrthoScan TAU family mini C-Arms for pediatric patients. Hologic introduced the Fluoroscan InSight FD Mini C-Arm in 2018 to address skeletal health care issues.
Key Vendors
- General Electric Company
- Koninklijke Philips N.V. (Royal Philips)
- Siemens Healthineers
- Ziehm Imaging
- Canon Medical Systems Corporation
- Genoray Co., Ltd.
- Shimadzu Corporation
- Hologic Inc.
- OrthoScan, Inc.
- BMI Biomedical International s.r.l.
- GEMSS Medical Systems Co., Ltd.
- Eurocolumbus s.r.l.
Key Competitive Facts
- Emerging markets offer significant opportunities for market growth, with many healthcare facilities aiming to standardize and enhance their infrastructure.
- Penetrating untapped and emerging markets significantly impacts market growth.
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Benefits
This report offers comprehensive insights into the global C-Arm market, providing key stakeholders with information about trends, drivers, investments, initiatives, and government actions in the medical devices segment. It also highlights major challenges that may impact market growth and outlines key business opportunities for stakeholders considering expansion or investment in this market.
Key Takeaways
- Understanding the potential market opportunity with precise market size and forecast data.
- Detailed market analysis focusing on the growth of the C-Arm industry.
- Factors influencing the growth of the C-Arm market.
- In-depth competitive analysis of dominant and pure-play vendors.
- Prediction analysis of the C-Arm industry in both developed and developing regions.
- Key insights related to major segments of the C-Arm market.
- Latest market trend analysis impacting the buying behavior of consumers.
Market Dynamics:
Surging air traffic:
- As the global aviation industry continues to expand, there is a corresponding increase in market demand.
Heightened emphasis on safety and reliability:
- The aerospace and defense sector places significant importance on ensuring safety and reliability, which drives the need for top-notch market offerings.
Growing commitment to environmental sustainability:
- The aerospace and defense industry is increasingly dedicated to reducing its carbon footprint, resulting in the adoption of sustainable aviation fuels.
Escalating globalization:
- The growth of international trade and travel propels the demand for market solutions.
Increasing desire for private air transportation:
- The rising number of affluent individuals and their preference for exclusive air travel are generating fresh opportunities in the market.
Expanding utilization of digital fuel management systems:
- The integration of digital fuel management systems facilitates efficient fuel consumption and reduces associated costs.
Advancements in fuel cell technology:
- Ongoing developments in fuel cell technology unlock new possibilities for the production of sustainable market alternatives.
Mounting demand for air cargo transportation:
- The flourishing e-commerce sector fuels an increasing need for air cargo transportation, thereby driving the demand for market offerings.
Rising defense budgets:
- Governments worldwide are augmenting their defense spending, leading to heightened market demand.
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