Top Growth Trends in the Image Guided Surgery Devices Market: Key Insights and Opportunities for 2025-2034
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What fueled the previous growth in the image guided surgery devices market?
Over the last few years, the market size of image guided surgery devices has observed a swift expansion. The market, which stood at $8.87 billion in 2024, is set to rise to $9.78 billion in 2025, marking a compound annual growth rate (CAGR) of 10.3%. Factors contributing to this growth during the historical period include not only the escalating prevalence of chronic ailments but also broadening applications, developments in healthcare infrastructure, heightened awareness among medical professionals, and regulatory support and endorsements.
What will be the image guided surgery devices market size in the future?
Expectations indicate a swift expansion in the image guided surgery devices market size in the upcoming years. It’s projected to reach “$15.78 billion by 2029, growing at a compound annual growth rate (CAGR) of 12.7%. This anticipated growth during the forecast period is primarily due to burgeoning markets in developing economies, patient inclination towards minimally invasive procedures, bespoke and personalized treatments, global health threats and readiness, and collaborations and partnerships. The forecast period will also likely see sustained technological progress, incorporation of artificial intelligence, technological refinements, expansion of the global market, along with an increased incorporation of robotics.
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What main drivers are fueling expansion in the image guided surgery devices market?
The escalation in neurological disorders is anticipated to fuel the expansion of the image guided surgery devices market. Neurological disorders, which affect the central and peripheral nervous systems, utilise image-guided surgery devices for less invasive surgical procedures to treat conditions such as brain tumors or to carry out brain biopsies. For example, as reported in May 2022 by the European Academy of Neurology – a non-profit medical society based in Austria, 1 in 3 individuals experience a neurological disease at some point, and there has been a nearly 40% surge in deaths from neurological conditions over the past three decades. In addition, according to The European Academy of Neurology, another Europe-based non-profit institution, in May 2022, 1 in 3 people will encounter a neurological disorder at some stage in their lives. Thus, the rising incidence of neurological disorders is propelling the growth of the image guided surgery devices market.
What key areas define the segmentation of the global image guided surgery devices market?
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
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Who are the dominant players expanding their reach 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
How are evolving market trends shaping image guided surgery devices Strategies?
Technological innovation is a principal trend in the image guided surgery devices market. Key players in this market are focusing on the introduction of new, innovative technologies to solidify their market standing. For example, in March 2022, the German-based medical device firm, Siemens Healthineers, unveiled its latest innovation – the MAGNETOM Free. Star and the NAEOTOM Alpha. The former is a helium-free scanner that is significantly easier to install due to its extremely compact size. It employs cutting-edge DryCool technology which streamlines complicated MRI technologies, utilizing digitalization and artificial intelligence (AI) to yield high-caliber results in MRI scans. The NAEOTOM Alpha offers high-resolution imaging at the lowest dosage and spectrum data in each scan, as well as superior contrast at a lower noise due to the revolutionary direct signal conversion of its QuantaMax detector. With the onset of photon-counting CT, fields such as cardiology, pulmonology, oncology, and emergency medical diagnostics will progress toward precise, non-invasive diagnosis.
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Which regions are emerging as leaders 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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