Understanding the Spinal Imaging Market’s Growth Prospects from 2024 to 2033
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2024-2033 Forecast: What is the Projected Growth Rate for the Spinal Imaging Market?
The size of the spinal imaging market has expanded significantly in past years, increasing from $1.96 billion in 2023 to an estimated $2.13 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. This robust growth during the historical period is credited to factors such as the aging populace and orthopedic conditions, escalation in musculoskeletal disorders, advancements in the field of medical imaging technology, rising cases of spinal injuries, and enhanced awareness and accessibility to healthcare.
There is anticipated robust growth in the spinal imaging market in the upcoming years. It is projected to expand to $2.9 billion in 2028 with a compound annual growth rate (CAGR) of 8.1%. The expansion over the prediction period can be credited to an enhancement in lifestyle-related spinal conditions, an increase in surgical interventions, the incorporation of artificial intelligence (AI), the widening reach to specialized healthcare services, and an escalating prevalence of chronic spinal disorders. Significant trends within the forecast period encompass advancements in multimodal imaging solutions, surge in minimally invasive spinal procedures, amplified utilization of cone beam computed tomography (CBCT), integration of picture archiving and communication systems (PACS), and concentration on functional and dynamic imaging techniques.
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What Are the Main Drivers Behind the Growth of the spinal imaging Market?
The rising incidence of spinal cord injuries (SCI) is propelling the growth of the spinal imaging market. Spinal cord injuries usually result from a swift, traumatic jolt to the vertebrae, which damages the spinal cord or nerves at the spinal canal’s end. This could result in a fracture or disability in various parts of the body. The role of spinal imaging is crucial in assessing acute and chronic spinal injuries. It’s vital in the diagnosis, therapeutic process, and rehabilitation of SCI patients. For example, in July 2022, data from the United Spinal Association, a US organization, reported that nearly 17,700 Americans are affected by spinal cord injuries each year, with about 78% being men and an average patient age of 43 years. The majority of spinal cord injuries are due to vehicle accidents (39.3%), falls (31.8%), violence (13.2%), sports activities (8%), and medical or surgical procedures (4.3%). Therefore, the ascending volume of spinal cord injuries (SCI) is anticipated to stimulate the growth of the spinal imaging market.
What Are the Primary Segments of the Spinal Imaging Market?
1) By Product: X-Ray, CT, MRI, Ultrasound
2) By Application: Spinal Infection, Vertebral Fractures, Spinal Cancer, Spinal Cord and Nerve Compressions, Other Applications
3) By End-User: Hospital, Diagnostic Imaging Center, Ambulatory Care Center
Which Trends Are Revolutionizing the Spinal Imaging Market?
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Which Geographical Regions Are Pioneering Growth in the Spinal Imaging Market?
North America was the largest region in the spinal imaging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the spinal imaging market share during the forecast period. The regions covered in the spinal imaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Spinal Imaging Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the spinal imaging market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Spinal Imaging Market Include
1. Spinal Imaging Market Executive Summary
2. Spinal Imaging Market Segments
3. Spinal Imaging Market Size And Template Market Growth Rate
4. Key Spinal Imaging Market Trends
5. Major Spinal Imaging Market Drivers
……
25. Key Mergers And Acquisitions In The Spinal Imaging Market
26. Top Spinal Imaging Companies
27. Spinal Imaging Market Opportunities And Strategies
28. Spinal Imaging Market, Conclusions And Recommendations
29. Appendix
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