Surgical imaging is an innovative technology that helps to create visual representations of the interior parts of the body for medical intervention and clinical analysis. It is primarily used to uncover internal structures hidden by skin and bones and the diagnosis and treatment of diseases. Surgical imaging also aids in establishing a database of normal anatomy and physiology to identify abnormalities. It is part of biological imaging and includes radiology, which uses the imaging technologies of X-ray radiography, magnetic resonance imaging, tactile imaging, medical ultrasonography or ultrasound, endoscopy, elastography, thermography, and other. The global surgical imaging market is anticipated to grow at a CAGR of 6.1% during the forecast period.

Top Driver: Increasing Geriatric population and Government Support

The surgical imaging market is expected to grow owing to the increase in the geriatric population, along with the adoption of imaging tools by hospitals predominantly in developed countries. The growing demand for efficiency and precision while operating is expected to fuel the demand for surgical imaging tools. The other factors propelling the growth of the global market are increasing investment through private and public sectors pertaining to R&D of surgical imaging equipment and government support. On the other hand, the high cost of mobile C-arms is anticipated to hamper the surgical imaging market growth in the near future.

The Orthopedic and Trauma Segment Accounted for a Larger Market Share

The global surgical imaging market can be segmented on the basis of application which includes Neurosurgery, Orthopedic & trauma surgery, Cardiovascular, General surgery, Others. Orthopedic and trauma segment occupied a larger market share owing to the rising trauma accidents and sports accidents across the globe. The cardiovascular segment is expected to be the fastest growing segment. On the basis of technology type the market is segmented into Image intensifier, Flat panel detector (FPD). On the basis of modality type Mobile c-arms, Mini c-arms, Others.

Rising Investments in Healthcare Infrastructure to Benefit Asia Pacific Market

Asia-Pacific is anticipated to gain fastest lucrative opportunities for the key players operating in the surgical imaging market. This is due to the surge in the population coupled with the growth in awareness about surgical imaging, which would boost the industry in the forecast period. Furthermore, the surge in the development in healthcare infrastructure, and rise in demand for minimally invasive procedures is expected to provide the industry with the significant growth in shares in the coming years.

Players to Focus on Surgical Imaging Market

The global market is expected to stay fragmented with the increase in the number of new entrants in the coming years. Medtronic plc, GE Healthcare (A Subsidiary of General Electric Company), GENORAY Co. Ltd., Hologic, Inc., Koninklijke Philips N.V., Shimadzu Corp., Siemens Healthineers AG, Toshiba Medical Systems Corporation, Whale Imaging Inc., and Ziehm Imaging GmbH. among others could be at the forefront of the competition in the global market.

Philips: In June 2017, Philips had acquired Electrical Geodesics, Inc. to launch a portfolio with integrated neurological imaging, therapy, and mapping guidance.

Medtronic plc: In July 2020, Medtronic plc, a global leader in medical technology, and Medicrea, a pioneer in the transformation of spinal surgery through artificial intelligence, predictive modeling and patient specific implants, today announced that they have entered into a tender offer agreement for the acquisition of all outstanding shares of Medicrea. The friendly voluntary all-cash tender offer will be at a price of €7.00 per Medicrea share.

Scope of the Report

By Modality Type

• Mobile c-arms
• Mini c-arms
• Others

By Technology Type

• Image intensifier
• Flat panel detector (FPD)

By Application

• Neurosurgery
• Orthopedic & trauma surgery
• Cardiovascular
• General surgery
• Others

By Region

• North America
• Europe
• Asia Pacific
• SAMEA

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.