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What Growth Projections are in Place for the Image Guided Surgery Devices Market Between 2024-2033?

Rapid expansion has been observed in the market size of image guided surgery devices in the last few years. A growth trajectory from $8.23 billion in 2023 to $9.1 billion in 2024 is expected, indicating a compound annual growth rate (CAGR) of 10.6%. Factors contributing to this growth throughout the historic period include the increased occurrence of chronic diseases, broader application scopes, progress in healthcare infrastructure, heightened awareness among healthcare professionals, and regulatory backing and approvals.

The market for image guided surgery devices is anticipated to witness brisk expansion in the imminent years, with its valuation projected to reach $14.05 billion by 2028, fueled by a compound annual growth rate (CAGR) of 11.5%. The boom during the projected period could be credited to the diffusion of the market in developing countries, patient’s inclination towards lesser invasive procedures, tailoring and individualization of treatment procedures, global health crises and readiness, as well as collaborations and partnerships. The period also forecasts consistent technological breakthroughs, incorporation of artificial intelligence, progression in technology, expansion of the global market, and a surge in the adoption of robotics.

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What Are the Major Factors Contributing to the image guided surgery devices Market Expansion?

The escalation in neurological disorders prompts acceleration in the image guided surgery devices market. These disorders, impacting both the central and peripheral nervous systems, are increasingly treated using image-guided surgical devices for minimal invasive procedures. These conditions often involve brain tumors or require brain biopsies. As stated by the European Academy of Neurology, a non-profit medical entity in Austria, neurological diseases affect 1 in 3 persons in their lifetime, with deaths linked to neurological conditions surging nearly 40% over the previous three decades (as of May 2022). The European Academy of Neurology, a non-profit organization in Europe, reported in May 2022 that 1 out of every 3 individuals could have a neurological disorder at some point in their lives. As a result, the upswing in neurological disorders is influencing the expansion of the image guided surgery devices market.

Which Key Segments Shape the Image Guided Surgery Devices Market?

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

What Are the Transformative Trends Influencing the Image Guided Surgery Devices Market?

Notable progression in technology emerges as a significant trend in the image guided surgery devices market. The leading market entities in the image guided surgery devices realm are focusing their resources on the development and implementation of new, superior technologies to fortify their prominence in the market. For instance, Siemens Healthineers, a company specialized in medical devices based in Germany, introduced their latest innovations, the MAGNETOM Free. Star, and NAEOTOM Alpha, in March 2022. The MAGNETOM Free. Star, a helium-free scanner, features a compact design for easy installation. Applying their proprietary DryCool technology, this device simplifies intricate MRI technologies and leverages digitalization and artificial intelligence (AI) to yield high-quality outputs in MRI scans. Meanwhile, NAEOTOM Alpha delivers high-resolution imagery at the lowest dose and offers enhanced contrast at lower noise thanks to its innovative QuantaMax detector’s direct signal conversion. This enables more information per scan spectrum and will revolutionize diagnostics in cardiology, pulmonology, cancer, and emergency medicine, leading towards a precise, non-invasive diagnosis, courtesy of the advent of photon-counting CT.

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What Regions Are Leading the Growth Trajectory of the Image Guided Surgery Devices Market?

North America was the largest region in the image guided surgery devices market in 2023. 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

The Image Guided Surgery Devices 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 image guided surgery devices market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Image Guided Surgery Devices Market Include

1. Image Guided Surgery Devices Market Executive Summary

2. Image Guided Surgery Devices Market Segments

3. Image Guided Surgery Devices Market Size And Template Market Growth Rate

4. Key Image Guided Surgery Devices Market Trends

5. Major Image Guided Surgery Devices Market Drivers

……

25. Key Mergers And Acquisitions In The Image Guided Surgery Devices Market

26. Top Image Guided Surgery Devices Companies

27. Image Guided Surgery Devices Market Opportunities And Strategies

28. Image Guided Surgery Devices Market, Conclusions And Recommendations

29. Appendix

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