$1.99 Bn expected for Global Fluoroscopy and Mobile C-arms Market at 2.80% CAGR by 2020
Deerfield Beach, FL -- (SBWIRE) -- 10/06/2017 -- According to the report, global demand for fluoroscopy and the mobile c-arms market was valued at over USD 1.69 billion in 2014 and is expected to reach USD 1.99 billion in 2020, growing at a CAGR of slightly above 2.80% between 2015 and 2020. Zion Market Research has published a new report titled Fluoroscopy and Mobile C-Arms Market(Mini C-Arms and Full Size C Arms) for Hospitals And Diagnostic Units, Interventional Radiology Procedures and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020
Fluoroscopy and mobile C-arms market relate to the biomedical science. This term related to the imaging technique in which X-ray technology is used to monitor the internal structure of human organs. This technique is mostly used by a physicians and radiation analyst to know the internal structure of a patient. Mobile C-arm is an X-ray image intensifier which enlarges and builds up the image and clear visualization of the internal structure of an object. Fluoroscopy and mobile C-arm is a powerful technology helps to improve surgeries. This is an accurate device which increases the comfort zone for the patient in a variety of surgical and nonsurgical procedures.
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Minimally invasive surgeries are growing in popularity across the world. MIS facilitate surgeons to reduce time and cost involved in a surgery. It also prevents blood loss, reduces scarring and injury resulting into quick healing. However, limited visibility forces surgeons to use fluoroscopy devices to monitor the internal organs. Moreover, surgeons also need real-time images obtained using mobile C-arm during MIS. This has resulted in growing demand for fluoroscopy and mobile C-arm market across the globe. Additionally, increasing demand for pain management, advances in technology and an ever-rising population of aging people is also expected to fuel the growth of this market. However, fluoroscopy and mobile C-arm devices manufacturers are expected to witness major challenge from alternative imaging modalities available in the market. Growth in emerging economies supported by declining prices and online marketing is expected to provide new growth window for the fluoroscopy and mobile C-arm devices manufacturers.
Fluoroscopy and mobile C-arm was dominated by the fluoroscopy devices with over 54% share of the total market in 2014. Fluoroscopy market is expected to witness slow growth rate during the forecast period. However, mobile C-arm devices are expected to exhibit fast growth as compared to fluoroscopy devices market. Mobile C-arms market is further subdivided into mini C-arms and full-size C-arms. Full-size C-arms dominated the mobile C-arms market in 2014 with around 94% share of the total market.
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The Americas were the largest regional market for fluoroscopy and mobile C-arms in 2014. It accounted for around 43% share of the global market in 2014. Demand for fluoroscopy and mobile C-arms in America is mainly driven by strong demand from North America because of insurance coverage for both C-arm and fluoroscopy systems. In addition, high expenditure on healthcare, especially on the elderly, is expected to propel market growth in the region during the forecast period. However, APAC is expected to exhibit the fastest growth in during the forecast period.
Global fluoroscopy and mobile C-arms market is highly competitive, with the presence of well-established global vendors. ATON, GE Healthcare, Philips Healthcare, Shimadzu, and Siemens Healthcare are the key vendors in the market.
Other prominent market players operating in this market include Hitachi, Ltd., Hologic, Inc., Omega Medical Imaging, Inc., Healthcare, Toshiba Corporation and Varian Medical Systems, Inc., Ziehm Imaging GmbH and OrthoScan, Inc.