2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Are the Primary Drivers Supporting the Market Growth of theImage Guided Surgery Devices Market?
The surge in neurological disorders is anticipated to fuel the expansion of the image guided surgery devices market. Neurological disorders are conditions that impact the central and peripheral nervous systems. Image-guided surgical tools are utilized in performing minimally invasive procedures to treat neurological illnesses like brain tumors or carry out brain biopsies. For example, as of May 2022, the European Academy of Neurology, a non-profit medical organization based in Austria, stated that one in three people will be affected by a neurological disease at some point in their life. This organization also reported that over the past 30 years, the death rate from neurological conditions has risen by nearly 40%. Additionally, according to the European Academy of Neurology in May 2022, a neurological disorder will impact one in three individuals at some point in their lives. Hence, the increasing occurrence of neurological disorders is contributing to the growth of the image guided surgery devices market.
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How Will the Growth Rate of theImage Guided Surgery Devices Market Impact Industry Trends by 2034?
The market size of image guided surgery devices has experienced swift growth in the preceding years. It is predicted to increase from $8.87 billion in 2024 to $9.78 billion in 2025, displaying a compound annual growth rate (CAGR) of 10.3%. Factors that have contributed to this growth during the historical period include the rising occurrence of chronic illnesses, enhanced application range, evolution of the healthcare infrastructure, greater awareness among healthcare providers, aside from support and authorisation from regulatory bodies.
It is projected that the market size for image guided surgery devices will experience swift expansion in the forthcoming years, reaching a market value of “$15.78 billion by 2029 with a compound annual growth rate (CAGR) of 12.7%. The augmentation in the market during the forecast period can be credited to the growth of the market in developing economies, the inclination of patients towards minimally invasive procedures, the tailoring of treatments, global health issues and readiness, along with collaborations and partnerships. The forecast period is also expected to witness persistent technological innovations, integration of artificial intelligence, technological improvements, expansion of the global market and a rising trend of robotics adoption.
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What Are the Latest Innovations Influencing theImage Guided Surgery Devices Market?
The image guided surgery devices market is seeing significant growth and innovation driven by technological progress. Major players in this market are focusing their energies on the creation and implementation of innovative technologies to consolidate their market position. An example of this is the unveiling of the MAGNETOM Free. Star and the NAEOTOM Alpha by Siemens Healthineers, a medical device company based in Germany, in March 2022. The MAGNETOM Free. Star is a state-of-the-art, helium-free scanner that is compact and easy to install. It utilizes the unique and sophisticated DryCool technology to simplify intricate MRI technologies, bridging digitalization and artificial intelligence (AI) to yield high-quality MRI scan results. The NAEOTOM Alpha offers high-resolution imaging at minimal dosage, scan-wide spectrum information and enhanced contrast at reduced noise through its revolutionary direct signal conversion characteristic by its QuantaMax detector. With the launch of the photon-counting CT, fields like cardiology, pulmonology, oncology, and emergency medical diagnostics are bound to experience advancements in non-invasive, precise diagnostics.
Who Are the Major Industry Players Accelerating Growth in theImage 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
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Which Primary Segments of the Image Guided Surgery Devices Market Are Driving Growth and Industry Transformations?
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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Which Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of theImage Guided Surgery Devices Market?# 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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