The Image Guided Interventional Systems Market Size is valued at USD 5.12 Bn in 2023 and is predicted to reach USD 8.69 Bn by the year 2031 at a 6.94 % CAGR during the forecast period for 2024-2031.
Image-guided interventional systems refer to medical technologies and procedures combining real-time imaging techniques with minimally invasive interventions. Medical professionals use these systems to visualize and navigate within the body while performing various diagnostic and therapeutic procedures.
Some common Image Guided Therapy Systems available in the market today, such as Ultrasound, CT scans, and MRI, are employed not only for diagnosing intricate bodily conditions but also in their treatment. Additionally, cancer incidence escalates yearly, and the demand for effective treatment methods is rising. While image-guided systems are essential for diagnosing complex diseases, they are also extensively utilized in their treatment. These factors lay the groundwork for global image-guided therapy systems market growth. The surge in the elderly population, coupled with a growing preference for invasive surgeries and technological advancements in imaging systems, are key drivers in the market.
Furthermore, the increasing burden of chronic diseases and a rise in initiatives promoting cancer radiotherapy positively impact market growth. In response to the COVID crisis, market players focus on developing remote solutions, such as cloud-based training on virtual machines, to provide patients with remote guidance and support. All these factors collectively fuel the development and expansion of the global image-guided therapy systems market.
Competitive Landscape:
Some major key players in the Image Guided Interventional Systems Market:
- Arthrex Inc.
- B. Braun Melsungen AG
- Boston Scientific Corporation
- C.R. Bard,
- Canon Inc
- Dentsply Sirona Inc.
- Elekta AB
- Fujifilm Holdings Corporation
- GE Healthcare,
- Hitachi Ltd.
- Hologic Inc
- IMRIS Inc
- Koninklijke Philips N.V
- KARL STORZ SE & Co. KG
- Medtronic Plc,
- Olympus Corporation
- Stryker Corporation
- Siemens AG
- Shimadzu Corporation
- Terumo Corporation
Market Segmentation:
The Image Guided Interventional Systems market is segmented based on product Type, Modality, Application and End-User. Based on the product, the Image Guided Interventional Systems market is segmented as Single Plane Systems and Bi-Plane Systems. Secondly, the modality segment comprises Intraoperative MRI Scanner, Intraoperative CT Scanner, Vascular Interventional Systems, Intravascular Ultrasound (IVUS), Fractional Flow Reserves, and Instantaneous Wave Free Ratio, Intraoperative Ultrasound, Endoscopes System, Fluoroscopy, Others (Digital and Hybrid Systems).
The market is segmented by application into Cardiology, Neurology, Orthopedics, Oncology, Gastroenterology, ENT Surgery, and Other Applications. The market comprises hospitals, research & academic institutions, speciality clinics, ambulatory surgical centers, and others as per the End-Users.
Based On Application, The Cardiology Segment Is A Major Contributor To The Image Guided Interventional Systems Market
The Cardiology category is expected to hold a major share of the global Image Guided Interventional Systems market in 2024. Cardiovascular diseases (CVDs) are the RISING cause of death worldwide. The increase in the elderly population and the growing burden of such diseases are the primary factors contributing to the segment's growth. Several research initiatives promoting continuous heart interventions also positively influence the segment's expansion.
The Ambulatory Surgical Center Segment Witnessed Growth At A Rapid Rate
The Ambulatory Surgical Center (ASC) segment is projected to grow rapidly in the global Image Guided Interventional Systems market. This growth is attributed to the advantages provided by these healthcare settings, such as significantly reduced waiting times and substantial cost savings. The high preference for minimally invasive surgeries and shorter hospital stays in Ambulatory Surgery Centers (ASCs) further drive this sector. The emerging trend of same-day surgery in developed economies, due to considerable cost efficiencies and optimal care delivery, also contributes to the segment's expansion.
The North American Image Guided Interventional Systems Market Holds A Significant Regional Revenue Share
The North America image guided interventional systems market is expected to record the maximum market share in revenue shortly. Advanced healthcare infrastructure, technological advancements, and rapid adoption of advanced radiation therapies fuel the growth of this market. Additionally, the increasing elderly population and a rising prevalence of chronic diseases contribute to the regional market's expansion.
In addition, Asia Pacific is estimated to grow rapidly after North America in the global Image Guided Interventional Systems market. The growing geriatric population, escalating cases of targeted diseases, and continuous improvement in healthcare infrastructure drive its rapid growth. Increasing research centres in countries also positively impact regional market growth.
Image Guided Interventional Systems Market Report Scope:
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 5.12 Bn |
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Revenue Forecast In 2031 |
USD 8.69 Bn |
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Growth Rate CAGR |
CAGR of 6.94% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn, volume (number of units) and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Product Type, Modality, Application, End-Use |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
GE Healthcare, Hitachi Ltd., Koninklijke Philips N.V., Fujifilm Holdings Corporation, Canon Inc., Olympus Corporation, Siemens AG, KARL STORZ GmbH & Co. KG, Stryker Corporation, Medtronic Plc, Shimadzu Corporation, Arthrex Inc., Koninklijke Philips N.V., B. Braun Melungeon AG, Hologic Inc., Becton, Dickinson and Company (C.R. Bard Inc.), Boston Scientific Corporation, Elekta AB, Sirona Dentsply Inc. and Terumo Corporation among others. |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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