The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Image Guided Surgery Devices Global Market Report 2024, the image guided surgery devices market is expected to show significant growth in the forecast period.

Understanding Market Growth

• The image guided surgery devices market has experienced rapid growth, escalating from $8.23 billion in 2023 to $9.1 billion in 2024, with a remarkable CAGR of 10.6%.
• Historic growth drivers include the rising prevalence of chronic diseases, expanding applications, healthcare infrastructure development, increased awareness among healthcare professionals, and regulatory support.

Anticipating Rapid Growth Ahead

• Expectations suggest continued rapid growth, with the market projected to reach $14.05 billion by 2028, boasting an impressive CAGR of 11.5%.
• Factors fueling growth include market expansion in emerging economies, patient preference for minimally invasive procedures, customization and personalization of treatments, global health challenges and preparedness, and collaborations and partnerships.

Catalyst for Market Surge: Rising Neurological Disorders

• The prevalence of neurological disorders is a significant driver for the image guided surgery devices market.
• These devices are crucial for performing minimally invasive surgeries to treat neurological conditions such as brain tumors or conduct brain biopsies.
• Major companies in the market include General Electric Company, Medtronic Plc., Siemens Healthineers, and Stryker Corporation.

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Pioneering Technological Advancements Drive Innovation

• Technological advancements are a key trend in the image guided surgery devices market, with major players focusing on introducing new and advanced technologies.
• Siemens Healthineers’ MAGNETOM Free. Star and NAEOTOM Alpha exemplify innovation, leveraging digitalization and artificial intelligence (AI) for enhanced MRI scans and diagnostic capabilities.
• GE Healthcare’s acquisition of BK Medical underscores the company’s commitment to expanding its surgical imaging portfolio.

Market Segmentation and Dynamics

• The image guided surgery devices market is segmented by product (image guided surgery devices, image guided surgery software), device type (CT, ultrasound, MRI, X-ray, and more), application (cardiac surgery, neurosurgery, orthopedic surgery, and others), and end-users (hospitals, ambulatory surgical centers, specialty clinics, research and academic institutions).
• North America emerged as the largest region in the image guided surgery devices market in 2023.

Conclusion: Embracing Innovation and Collaboration

• The image guided surgery devices market presents significant growth opportunities driven by technological innovations and rising healthcare demands.
• Technological advancements, particularly in digitalization and artificial intelligence, redefine surgical imaging capabilities and diagnostic precision.
• Market stakeholders must prioritize innovation, collaboration, and market expansion strategies to meet evolving consumer needs and capitalize on emerging trends.

In navigating the image guided surgery devices market’s trajectory, industry players must remain agile, leveraging technological advancements and strategic partnerships to drive sustainable growth and enhance patient care outcomes. As the market continues to evolve, investment in research, innovation, and market expansion will be pivotal in shaping the future of surgical imaging and diagnostics.

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