spinal imaging market
Healthcare Services

Spinal Imaging Market Size, Share, And Growth Rate Analysis 2023

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 Business Research Company’s spinal imaging market report forecasts the spinal imaging market size to grow to $2.76 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.

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

Spinal Imaging Market Size Forecast
The global spinal imaging market is expected to grow from $1.86 billion in 2022 to $2.04 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The spinal imaging market size is expected to grow to $2.76 billion in 2027 at a CAGR of 7.8%.

North America held the largest spinal imaging market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Spinal Imaging Market Driver ­– Growth In Volume Of Spinal Cord Injuries
For instance, according to the US based The National Spinal Cord Injury Statistical Centre (NSCISC), located at the University of Alabama at Birmingham (UAB) 2020 data, approximately 17,810 new spinal cord injuries happen each year in the US that is approximately 294,000 people with SCI live in the US with a range of 250,000 to 368,000 persons. Therefore, a growing volume of spinal cord cancer is expected to drive the growth of the spinal imaging market.

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Key Spinal Imaging Market Trend – Technological Advancement
Major companies operating in the market are developing new advanced technologies to reinforce their position and meet customer demand. For instance, in March 2021, RIVANNA, a US-based company providing imaging-based medical solutions, launched Accuro Second Generation, a spinal navigation system. This system uses artificial intelligence technology to provide medical solutions. The Accuro spinal navigation system has two key innovations: SpineNav3DTM AI-Based Spine Recognition, which automates the identification of spinal landmarks and depth measurements during spinal needle guidance procedures, and BoneEnhance Multi-Frequency Image Reconstruction, which improves bone-to-tissue contrast for better landmark and needle visualization.

Spinal Imaging Market Segment
1) By Product: X-Ray, CT, MRI, Ultrasound
2) By Application: Spinal Infection, Vertebral Fractures, Spinal Cancer, Spinal Cord and Nerve Compressions, Other Applications
3) By End-User: Hospital, Diagnostic Imaging Center, Ambulatory Care Center

Spinal Imaging Market Major Players and Strategies
Major players in the spinal imaging market are 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., Ramsoft Technologies Private Limited, Sonic Healthcare Limited, Carl Zeiss Meditec AG, InHealth Group, Alliance Healthcare Providers Llp, MEDNAX Services Inc., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., 3M Company, 7D Surgical Inc., Alphatec Holdings Inc., Becton Dickinson India Private Limited, Gpc Medical Limited, Invibio Ltd., Medtronic PLC, Narang Medical Limited, Novartis AG, NuVasive Inc., Sanofi S.A., and Shimadzu Corporation.

In August 2022, Wenzel Spine, Inc., a US-based medical technology firm specializing in minimally invasive treatments for spinal diseases, acquired Statera Spine for an undisclosed amount. Through this acquisition, Wenzel Spine offered complete solutions to spine surgeons and their patients with innovative diagnostic and planning tools that complemented their already cutting-edge minimally invasive implant technology. Statera Spine is a US-based software-enabled spine imaging analytics company.

The Spinal Imaging Global Market Report 2023 covers regional data on spinal imaging market size, spinal imaging market trends and drivers, opportunities, strategies, and spinal imaging market competitor 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.

Spinal imaging refers to the radio waves, and magnetic fields, that are used in magnetic resonance imaging (MRI) of the spine. It generates comprehensive images of the spine and adjacent tissues. Spinal imaging is used to monitor changes in the spinal cord such as compression fracture, and bone swelling, and used to track changes in the spine post-surgery, such as scarring or infection.

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