Global Image Guided Surgery Devices Market Size 2024, Forecast To 2033
6 Mar, 2024
The image guided surgery devices market has witnessed rapid growth in recent years, surging from $8.23 billion in 2023 to $9.1 billion in 2024, reflecting a compound annual growth rate (CAGR) of 10.6%. The historic period's growth can be attributed to the rising prevalence of chronic diseases, expanding applications, healthcare infrastructure development, increasing awareness among healthcare professionals, and regulatory support and approvals. Looking ahead, the market is expected to experience rapid growth, reaching $14.05 billion in 2028 with a CAGR of 11.5%. The forecast period's growth is anticipated to be driven by market expansion in emerging economies, patient preference for minimally invasive procedures, customization and personalization of treatments, global health challenges and preparedness, as well as collaborations and partnerships. Major trends in the forecast period include continued technological innovations, integration with artificial intelligence, technological advancements, global market expansion, and increasing adoption of robotics.
Global Image Guided Surgery Devices Market Key Driver
Rising neurological disorders are expected to propel the growth of the image-guided surgery devices market going forward. Neurological disorders are disorders and diseases that affect the central and peripheral nervous systems. Image-guided surgery devices are used to perform minimally invasive surgeries to treat neurological conditions such as brain tumors or to conduct brain biopsies. For instance, in May 2022, according to the European Academy of Neurology, an Austria-based non-profit medical society, 1 in 3 people affected by a neurological disease at some point in their life and the number of deaths by neurological conditions has increased by almost 40% in the last 30 years. Furthermore, in May 2022, according to The European Academy of Neurology, a Europe-based non-profit organization, neurological disorder affects 1 in 3 persons at some time in their lives. Therefore, rising neurological disorders are driving the growth of the image-guided surgery devices market. The market size of image-guided surgery devices market in 2023 was [insert 2023 market size], and it is projected to reach [insert 2024 market size] by 2024 and [insert 2028 market size] by 2028.
Get A Free Sample Of The Global Image Guided Surgery Devices Market ReportGlobal Image Guided Surgery Devices Market Segments
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
By Geography:The regions covered in the image guided surgery devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the image guided surgery devices market in 2023. 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
Major Image Guided Surgery Devices Industry Players
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, Sienna Cancer Diagnostics, Accuray Incorporated, ClaroNav Inc., PathAI, Merge Healthcare Inc., CureMetric Health Tech, Mirada Medical Ltd., Navigation Sciences, Elekta AB, XION GmbH, Northern Digital Inc., Fiagon AG Medical Technologies
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Image Guided Surgery Devices Market Overview
Image guided surgery devices refer to a device used for conducting surgery using computerized systems that are highly sophisticated and provides three-dimensional images of the patient’s anatomy. Image-guided surgery devices are used by surgeons to get real-time images of the inside of the patient’s body during surgery.
Image Guided Surgery Devices Global Market Report 2023 provides data on the global image guided surgery devices market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The image guided surgery devices market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.