Global Intraoperative Imaging Market
Healthcare Services

5 Key Insights On The Intraoperative Imaging Market 2024

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Intraoperative Imaging Global Market Report 2024, the intraoperative imaging market is expected to show significant growth in the forecast period.

The intraoperative imaging market has witnessed robust growth, surging from $2.52 billion in 2023 to a projected $2.74 billion in 2024, marking a substantial compound annual growth rate (CAGR) of 8.7%. This expansion is attributed to a range of factors, including the increased aging population, a rise in cancer surgeries, augmented orthopedic procedures, heightened cardiovascular surgeries, and an upswing in neurological surgeries.

  1. Historical Momentum and Growth Drivers
  • Strong growth in 2023, reaching $2.52 billion.
  • CAGR of 8.7% fueled by increased aging population and a surge in various surgical procedures.
  • Notable contributors: Rise in cancer surgery, increased orthopedic procedures, cardiovascular surgery, and neurological surgery.

Future Trajectory: Projecting Strong Growth

The intraoperative imaging market is poised for continued growth, projecting an increase to $3.76 billion by 2028, with a slightly reduced CAGR of 8.3%. Anticipated factors driving this growth include the escalating use of personalized medicines, increased global healthcare access, rising medical tourism, global health initiatives, and a heightened focus on radiation safety measures.

  1. Key Trends in the Forecast Period
  • Integration of augmented reality (AR) and virtual reality (VR).
  • Emergence of portable intraoperative imaging solutions.
  • Advancements in enhanced 3D imaging technologies.
  • Surge in robot-assisted surgery.
  • Adoption of advanced navigation systems.
  • Growing prominence of image-guided radiation therapy (IGRT).

Aging Population: A Catalyst for Expansion

  1. Rising Aging Population
  • Aging population as a significant growth driver for the intraoperative imaging market.
  • Aging individuals necessitate orthopedic surgeries, and intraoperative imaging ensures precise implant placement and surgical success.
  • Example: The UK is expected to see a 24% population over 65 by 2043, driving the senior population and the demand for intraoperative imaging.
  1. Industry Leaders Shaping the Market
  • Major companies influencing the market include Canon Medical Systems Corporation, Carl Zeiss Meditec AG, General Electric Company, Siemens AG, and Stryker Corporation.
  • These players contribute to the market’s dynamics and technological advancements.

View More On The Intraoperative Imaging Market Report 2024 – https://www.thebusinessresearchcompany.com/report/intraoperative-imaging-global-market-report

Innovations Transforming the Landscape

  1. Q Guidance System: Pioneering Surgical Navigation
  • Major companies innovate with products like the Q Guidance System to boost profitability.
  • The Q Guidance System, launched by Stryker Corporation in September 2022, enhances surgical navigation and planning for cranial and spine surgeries.
  • Real-time imaging aids in locating anatomical features and surgical targets, leading to improved decision-making and surgical outcomes.
  1. Strategic Acquisitions: GE Healthcare’s Move
  • In December 2021, GE Healthcare acquired BK Medical for $1.45 billion, expanding its surgical imaging portfolio.
  • The acquisition positioned GE Healthcare to offer end-to-end services, from diagnosis to therapy, through real-time surgical imaging.

Market Segmentation: Understanding the Landscape

The intraoperative imaging market is segmented based on product types, applications, and end-users, providing a comprehensive view of the diverse landscape.

  1. Market Segmentation
  • By Product:
    • Intraoperative Ultrasound System
    • Intraoperative Computed Tomography System
    • C-Arms System
    • Intraoperative Magnetic Resonance Imaging Systems
    • Other Products
  • By Application:
    • Neurology Surgery
    • Oncology Surgery
    • ENT Surgery
    • Orthopedic Surgery
    • Other Applications
  • By End-User:
    • Hospitals
    • Ambulatory Surgical Centers
    • Clinics
    • Other End-Users

Regional Dynamics: North America Leading, Asia-Pacific Rising

North America took the lead in the intraoperative imaging market in 2023, while Asia-Pacific is expected to emerge as the fastest-growing region in the forecast period. This shift highlights the global nature of the market and the increasing demand for intraoperative imaging solutions across diverse geographical regions.

In conclusion, the intraoperative imaging market is on a trajectory of sustained growth, fueled by demographic shifts, technological innovations, and strategic industry moves. Companies operating in this space must stay agile, embracing emerging trends and technologies to navigate this dynamic landscape successfully.

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