Global Fluoroscopy Equipment Market Forecast 2024-2033: Estimated Market Size And Growth Rate
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How Much Growth is Expected for the Fluoroscopy Equipment Market from 2024 to 2033?
In the past few years, the market size of fluoroscopy equipment has experienced considerable growth. Projections indicate a rise from $6.27 billion in 2023 to $6.67 billion in 2024, which correlates to a compound annual growth rate (CAGR) of 6.3%. Various factors have contributed to this historical growth, including an increase in minimally invasive procedures, an aging population, broadening uses in medical diagnosis, advances in diagnostic technology, and a rise in chronic diseases.
The market size of fluoroscopy equipment is anticipated to witness consistent expansion in the coming years, growing to $8.08 billion in 2028 with a compound annual growth rate (CAGR) of 4.9%. This growth during the projected period can be credited to the swift expansion of ambulatory surgical centers, growth in cardiovascular interventions, emphasis on minimizing radiation doses, rising popularity of hybrid operating rooms, along with integration with other imaging modalities. Key trends in the forecast period comprise of technological innovations in imaging, advancements in imaging technology, remote guidance and collaboration, enhanced data integration and analytics, as well as a focus on ergonomics and user experience.
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What Factors Are Encouraging Growth in the fluoroscopy equipment Market?
The surge in chronic diseases is anticipated to drive the expansion of the fluoroscopy equipment market in the future. Chronic illnesses, which persist for at least a year and require ongoing medical intervention or restrict everyday tasks, are becoming more prevalent. Fluoroscopy equipment offers real-time functional and anatomical evaluations of patients, coupled with reduced radiation exposure when implemented alongside contrast administration. The National Center for Biotechnology Information (NCBI), an American medical library, reported in January 2023 that the population of people 50 years and older suffering from at least one chronic disease is estimated to rise by 99.5% to 142.66 million by 2050, up from 71.522 million in 2020. Thus, the escalating incidence of chronic health conditions is fuelling the growth of the fluoroscopy equipment market.
Which Segments Play a Vital Role in the Fluoroscopy Equipment Market?
1) By Product: Fixed Fluoroscopy Equipment, Mobile C-Arms, Fixed C-Arms
2) By Application: Diagnostic, Surgical, Other Applications
3) By End-User: Hospitals, Diagnostic Centers, Other End-Users
What Trends Are Driving Change in the Fluoroscopy Equipment Market?
The rise in product innovation is a noticeable trend within the fluoroscopy equipment market. To maintain their market shares, many leading companies are creating inventive products. For example, in July 2022, Fujifilm Healthcare Americas Corporation, a US-based company specializing in diagnostic and business imaging solutions, introduced FDR Cross, the first-of-its-kind two-in-one fluoroscopy and digital radiography system in the world. This cutting-edge solution acts as a portable X-ray and hybrid C-arm for medical facilities and ambulatory surgery centers (ASC). The C-arm’s dual functionality offers mobile radiography and fluoroscopic imaging on a singular platform, thus obviating the need for any additional imaging equipment required for image-guided procedures.
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What Regions Are Contributing Significantly to the Growth of the Fluoroscopy Equipment Market?
North America was the largest region in the fluoroscopy equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fluoroscopy equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Fluoroscopy Equipment 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 fluoroscopy equipment market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Fluoroscopy Equipment Market Include
1. Fluoroscopy Equipment Market Executive Summary
2. Fluoroscopy Equipment Market Segments
3. Fluoroscopy Equipment Market Size And Template Market Growth Rate
4. Key Fluoroscopy Equipment Market Trends
5. Major Fluoroscopy Equipment Market Drivers
……
25. Key Mergers And Acquisitions In The Fluoroscopy Equipment Market
26. Top Fluoroscopy Equipment Companies
27. Fluoroscopy Equipment Market Opportunities And Strategies
28. Fluoroscopy Equipment Market, Conclusions And Recommendations
29. Appendix
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