The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global spinal imaging market has witnessed a remarkable growth spurt, escalating from $1.86 billion in 2022 to $2.04 billion in 2023. This robust advancement is underpinned by a noteworthy Compound Annual Growth Rate (CAGR) of 9.4%. Projections for the future remain optimistic, with expectations to reach $2.76 billion by 2027, reflecting a continued but slightly moderated CAGR of 7.8%.

Driving Force: Soaring Volume of Spinal Cord Injuries (SCI)
Understanding Spinal Cord Injuries

• Definition: Spinal cord injuries (SCI) occur due to sudden, traumatic blows to the vertebrae, resulting in fractures or loss of function and mobility in different parts of the body.
• Role of Spinal Imaging: Crucial in the evaluation of acute and chronic spinal injuries, playing a pivotal role in the diagnosis, treatment, and rehabilitation of SCI patients.

Alarming Statistics

• US Data: According to the National Spinal Cord Injury Statistical Centre (NSCISC), approximately 17,810 new spinal cord injuries occur annually in the US, with around 294,000 people living with SCI in the country.
• Implication: The rising prevalence of spinal cord injuries is a key driver fueling the growth of the spinal imaging market.

Industry Giants: Pioneering Progress

• Key Players: Major contributors to the spinal imaging market include GE Healthcare, Koninklijke Philips N.V., Siemens Healthineers, Canon Medical Systems Corp., Bruker Corporation, Mediso Ltd., Shimadzu Corp., Fujifilm Healthcare, Hitachi Ltd., Toshiba Medical Systems Inc., Carestream Health Inc., and more.

Technological Marvels: A Trend Shaping the Market
RIVANNA’s Accuro Second Generation

• Innovation Unleashed: Technological advancement takes center stage in the spinal imaging market, with companies striving to develop cutting-edge solutions.
• Exemplary Solution: In March 2021, RIVANNA introduced the Accuro Second Generation, a spinal navigation system leveraging artificial intelligence.
• Key Innovations:
  • SpineNav3DTM AI-Based Spine Recognition: Automates identification of spinal landmarks and depth measurements during spinal procedures.
  • BoneEnhance Multi-Frequency Image Reconstruction: Improves bone-to-tissue contrast for enhanced visualization.

Market Dynamics: Segmenting the Landscape
1) By Product

• X-Ray, CT, MRI, Ultrasound:
  • A diverse array of imaging modalities catering to varied spinal imaging needs.

2) By Application

• Spinal Infection, Vertebral Fractures, Spinal Cancer, Spinal Cord and Nerve Compressions, Other Applications:
  • Reflecting the broad spectrum of applications, from diagnostics to intervention.

3) By End-User

• Hospital, Diagnostic Imaging Center, Ambulatory Care Center:
  • Varied end-users highlighting the widespread adoption of spinal imaging across healthcare settings.

Regional Dominance: North America Takes the Lead

• Largest Region in 2022: North America emerged as the leader in the spinal imaging market in 2022.
• Global Impact: This dominance signifies the significant influence of North America on the market share.

View More On The Spinal Imaging Market Report 2023 – https://www.thebusinessresearchcompany.com/report/spinal-imaging-global-market-report

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The Spinal Imaging Global Market Report 2023  provides a comprehensive overview on the spinal imaging market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the spinal imaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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