How is the Spinal Imaging Market Poised for Growth: Trends and Opportunities Through 2034
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What is the Predicted Annual Growth Rate of the Spinal Imaging Market Over the Coming Decade?
The market size of spinal imaging has seen robust growth over the recent years. There is an expectation of it escalating from $2.14 billion in 2024 to $2.31 billion in 2025 with a compound annual growth rate (CAGR) of 7.9%. Aging population and orthopedic conditions, a surge in musculoskeletal disorders, innovations in medical imaging technologies, a rising number of spinal injuries and enhanced understanding and accessibility to healthcare services are the significant contributors to the growth observed during the historical period.
The market size of spinal imaging is forecasted to experience substantial growth in the coming years, climbing to $3.18 billion in 2029 with a compound annual growth rate (CAGR) of 8.3%. This sizeable increase over the prediction period can be linked to factors such as a surge in lifestyle-oriented spinal ailments, a rise in surgical interventions, and the incorporation of artificial intelligence (AI). The expansion of dedicated healthcare services and a growing prevalence of chronic spinal disorders also contribute to this growth. The forecast period will also see key trends including the evolution of multimodal imaging solutions, a surge in minimally invasive spinal procedures, heightened use of cone beam computed tomography (CBCT), the incorporation of picture archiving and communication systems (PACS), and a focus on functional and dynamic imaging techniques.
Which Factors Are Enhancing the Growth of the spinal imaging Market?
The increasing number of spinal cord injuries (SCI) is propelling the expansion of the spinal imaging market. Spinal cord injury refers to damage to the spinal cord or nerves at the end of the spinal canal resulting from a sudden, violent impact on the vertebrae causing a fracture or loss of functionality or mobility in various parts of the body. Spinal imaging is crucial in assessing acute and chronic spinal injuries and is fundamental in the diagnosis, treatment, and recovery process of SCI patients. For example, the United Spinal Association, based in the US, reported in July 2022 that approximately 17,700 Americans suffer from spinal cord injuries annually. Approximately 78% of these patients are men, and the average age of the patients is 43 years. The primary cause of spinal cord injuries is vehicular accidents (39.3%), followed by falls (31.8%), violence (13.2%), sports (8%), and medical/surgical procedures (4.3%). Hence, the increasing number of spinal cord injuries (SCI) is predicted to propel the expansion of the spinal imaging market.
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What Are the Major Players Making an Impact in the Spinal Imaging Market’s Growth?
Major companies operating in the spinal imaging market include:
• Hitachi Ltd.
• 3M Company
• Medtronic plc
• Siemens Healthineers AG
• Fujifilm Corporation
Which Upcoming Trends Are Set to Influence the Spinal Imaging Market’s Path Forward?
The progressive advancement in technology is becoming a popular trend within the spinal imaging market. Major entities functioning within the market are creating innovative technological developments to secure their standing and meet consumer expectations. For example, Koninklijke Philips N.V., a healthcare technology and imaging solution specialist company based in Netherlands, introduced the Philips Radiology Operations Command Center (ROCC) in October 2024. This ground-breaking, vendor-neutral solution bolsters real-time collaboration within radiology teams by promoting remote interaction among technologists, radiologists, and imaging operations across various locations. ROCC utilizes secure telepresence capabilities to dismantle conventional communication barriers and augment the proficiency of imaging care delivery.
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How Are the Key Segments of the Spinal Imaging Market Driving Opportunities and Innovations?
The spinal imaging market covered in this report is segmented –
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
Subsegments:
1) By X-Ray: Standard X-Ray, Fluoroscopy, Digital X-Ray
2) By CT (Computed Tomography): Spiral CT, Cone Beam CT, High-Resolution CT
3) By MRI (Magnetic Resonance Imaging): Closed MRI, Open MRI, Functional MRI (fMRI)
4) By Ultrasound: Diagnostic Ultrasound, Interventional Ultrasound, 3D Or 4D Ultrasound
What Regions Are Steering Growth in the Spinal Imaging Sector?
North America was the largest region in the spinal imaging market in 2024. 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.
How Is the Spinal Imaging Market Classified and Defined in Market Analysis?
Spinal imaging refers to the radio waves, and magnetic fields, that are used in magnetic resonance imaging (MRI) of the spine. It generates comprehensive images of the spine and adjacent tissues. Spinal imaging is used to monitor changes in the spinal cord such as compression fracture, and bone swelling, and used to track changes in the spine post-surgery, such as scarring or infection.
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