The most recent study conducted by Report Ocean, titled “Global Image-guided Therapy Systems Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Image-guided Therapy Systems. The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global Image-guided Therapy Systems Market is valued approximately USD 2.1billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.0 % over the forecast period 2020-2027. Image guided therapy system help surgeons by navigating the devices inside the body of patients and display a 3D image of the targeted area. Image-guided Therapy Systems provide information constantly, enables surgeons to plan for surgery, make adjustments in very less time, making the surgery safer and less invasive. This helps to treat various therapeutic areas, such as pain, trauma, urology, cardiac, vascular, endovascular, spine, orthopedics, and neurology, also used in the treatment of hypertension through renal denervation.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
The rising technological advancements, increase in geriatric population as well as increase prevalence of chronic diseases are the few factors responsible for growth of the market over the forecast period. For instance: according to American Hospital Association, the number of Americans with chronic medical condistions was 149 million in 2015 and is anticipated to rise to 164 millions of Americans suffering from chronic medical conditions in 2025. Similarly, according to the Forum of International Respiratory Societies (FIRS), around 384 million people suffer from chronic obstructive pulmonary disease (COPD) and 3 million die from it each year, thus making it the third leading cause of death worldwide. Whereas, high price of image-guided therapy systems is the major factor restraining the growth of global Image-guided Therapy Systems market during the forecast period.
The regional analysis of global Image-guided Therapy Systems market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world owing to the improved healthcare infrastructure, technological advancements, and quick adoption of advanced radiation therapies in this region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
Koninklijke Philips N.V.
Medtronic Plc
Siemens Healthineers
Analogic Corporation
GE Healthcare
Varian Medical Systems, Inc.
Brainlab AG
Olympus Corporation
Stryker Corporation
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
by Product:
Ultrasound Systems
Computed Tomography (CT) Scanners
Positron Emission Tomography (PET)
Endoscopes
Magnetic Resonance Imaging (MRI)
X-ray Fluoroscopy
Single Photon Emission Computed Tomography (SPECT)
by Application:
Cardiac Surgery
Neurosurgery
Orthopedic Surgery
Urology
Oncology Surgery
Gastroenterology
Others
By End-Use:
Hospitals
Specialty Clinics
Ambulatory Surgical Centers
Research & Academic Institutions
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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