Global Image Guided Surgery Devices Market
Medical Equipment

Image Guided Surgery Devices Market Projected at $15.78 Billion by 2029 | Strategic Insights and Forecast Data

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How Has the Image Guided Surgery Devices Market Size Changed, over the years?

The market size of image guided surgery devices has experienced substantial growth over the past years. The value is projected to increase from $8.87 billion in 2024 to $9.78 billion in 2025, reflecting a compound annual growth rate (CAGR) of 10.3%. This notable upsurge during the historic period is ascribed to factors such as the escalating incidence of chronic ailments, broadening applications, the advancement of healthcare infrastructure, elevated awareness among healthcare practitioners, as well as regulatory support and approvals.

How Much Will the Image Guided Surgery Devices Market Be Worth in 2029?

The market size of image guided surgery devices is projected to experience swift expansion in the coming years, reaching a vast figure of “$15.78 billion by 2029 with a compound annual growth rate (CAGR) of 12.7%. Various factors contributing to this projected growth during the forecasted period include the proliferation of the market in developing economies, an inclination of patients towards less invasive procedures, a push towards personalized and tailor-made treatments, along with global health crises readiness and collaborations. Key trends that will mark the forecast period integrate constant tech innovations, synergy with artificial intelligence, technological progress, expansion of the global market, and a rising trend of robotic adoption.

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Which is the Largest Company in the Image Guided Surgery Devices Market?

Major companies operating in the image guided surgery devices market include General Electric Company, Medtronic Plc., Olympus Corporation, Siemens Healthineers, Koninklijke Philips N.V., Brainlab AG, Karl Storz Gmbh & Co. KG, Stryker Corporation, Varian Medical Systems Inc., Hitachi Medical Corporation, Analogic Corporation, Zimmer Biomet Holdings Inc., Smith and Nephew Plc, FUJIFILM Holdings Corporation, Shimadzu Corporation, Intuitive Surgical Inc., Canon Medical Systems Corporation, Synaptive Medical, Accuray Incorporated, ClaroNav Inc., Merge Healthcare Inc., CureMetric Health Tech, Mirada Medical Ltd., Elekta AB, XION GmbH, Northern Digital Inc., Fiagon AG Medical Technologies

What Are the Main Market Drivers in the Image Guided Surgery Devices Industry?

The surge in neurological disorders is believed to be a key factor fueling the expansion of the image guided surgery devices market. These disorders and diseases, affecting the central and peripheral nervous systems, are typically treated through minimally invasive surgeries using image-guided surgery devices. Such surgeries are used for addressing neurological conditions like brain tumors or performing brain biopsies. For example, in May 2022, data from the European Academy of Neurology, a non-profit medical society based in Austria, suggested that one-third of individuals will be impacted by a neurological disease at some stage of their lives. Moreover, the mortality rate from neurological conditions has seen a staggering increase of nearly 40% over the past three decades. Furthermore, the European Academy of Neurology also highlighted in May 2022 that one in three individuals would be affected by a neurological disorder at some point. Consequently, the escalating incidence of neurological disorders is spurring the growth of the image guided surgery devices market.

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How Is the Image Guided Surgery Devices Market Segments Structured?

The image guided surgery devices market covered in this report is segmented –

1) By Product: Image Guided Surgery Devices, Image Guided Surgery Software

2) By Device Type: CT, Ultrasound, MRI, X-Ray, Fluoroscopy, Endoscopes, PET, SPECT,

3) By Application: Cardiac Surgery, Neurosurgery, Orthopedic Surgery, Urology, Oncology Surgery, Gastroenterology, Other Applications

4) By End User: Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Research And Academic Institutions

Subsegments:

1) By Image Guided Surgery Devices: Optical Tracking Systems, Electromagnetic Tracking Systems, Ultrasound-Based Systems

2) By Image Guided Surgery Software: Pre-Operative Planning Software, Intra-Operative Imaging Software, Post-Operative Analysis Software

What Strategic Trends Are Transforming the Image Guided Surgery Devices Market?

Technological progression plays a pivotal role in shaping trends in the image guided surgery devices market. Predominant market entities within this industry are intensifying their focus on the development and introduction of cutting-edge technologies to solidify their market presence. For example, Siemens Healthineers, a medical device company based in Germany, launched its latest creation, the MAGNETOM Free. Star, and NAEOTOM Alpha, in March 2022. MAGNETOM Free. Star is a helium-free scanner with a diminutive footprint which makes its installation much simpler. The device employs the novel and groundbreaking DryCool technology that demystifies convoluted MRI technologies and leverages digitalization and artificial intelligence (AI) to provide top-tier results in MRI scans. The NAEOTOM Alpha yields high accuracy images at the minimal dose, offers spectrum information per scan, and enhances contrast at a lower noise due to the revolutionary direct signal conversion feature of its QuantaMax detector. The onset of photon-counting CT will advance diagnostics in cardiology, pulmonology, oncology, and emergency medicine, aiding in precise, non-invasive diagnosis.

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Which Global Regions Offer the Highest Growth in the Image Guided Surgery Devices Market?

North America was the largest region in the image guided surgery devices market in 2024. The regions covered in the image guided surgery devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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This Report Delivers Insight On:

1. How big is the image guided surgery devices market, and how is it changing globally?

2. Who are the major companies in the image guided surgery devices market, and how are they performing?

3. What are the key opportunities and risks in the image guided surgery devices market right now?

4. Which products or customer segments are growing the most in the image guided surgery devices market?

5. What factors are helping or slowing down the growth of the image guided surgery devices market?

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