Conventional surgical procedures are time consuming and less accurate, with risk of hazards to nearby nonsurgical area involved. Hence, demand for surgical techniques with enhanced accuracy and lesser turnaround time is increasing rapidly.
Albany, NY -- (SBWIRE) -- 01/18/2018 -- A new research report highlighting the key trends and developments in the global image guided surgery devices market has been added to the comprehensive repository of Market Research Hub (MRH). The study is titled as "Image Guided Surgery Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2025" covers information regarding all the trends and factors playing a major role in the market growth over the mentioned forecast period. Overall, the report presents the analysis of the global market for image guided surgery devices during the forecast period of 2017 to 2025, thereby 2017 is considered as its base year. As per the research major findings, the market value is expected to stand at US$4,998.2 mn until the end of 2025 as compared to a value of valuation of US$3,068.9 mn in 2016.
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This 206-pages study begins with a brief overview of the market with a prime focus on regions such as Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. The market overview section of the report showcases the market dynamics and trends such as the drivers, restraints, and opportunities that influence the current nature and future status of this market. It also includes details of the competitive scenario of the market by briefing profiles of key vendors functioning in the global market for image guided surgery devices and their progress so far.
Moreover, a detailed segmentation of the market has been represented in the report, which includes market analysis by device type, applications and end-user.
Major Findings from the Study
Image-guided surgical techniques offer advantages such as rapid surgical wound healing, minimum surgical scars and enhanced accuracy during surgical operations. Therefore, demand for image guided surgical procedures is increasing rapidly across the world. Also, this has been a prudent factor driving the growth of the market worldwide. Research anticipates that the global market is expected to settle a CAGR of 5.7% through 2025.
In the present time, patients have lately become immensely accepting of minimally invasive treatments which have led healthcare units to induct these devices within the framework. In fact, the geriatric population is prone to neurological disorders and suffers greater ailment during injuries. Also, the low immunity makes it hard for them recover from the side-effects of invasive treatments which calls for non-invasive treatment methods. The aforementioned factors play a vital role in enhancing the growth of the market.
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In terms of geography, North America is projected to rule over all other regions because of the increasing demand for non-invasive surgeries in the region. Apart from that, the rapidly growing medical tourism industry is boosting demand for image guided surgeries in the Asia Pacific. Moreover, government initiatives to support the growth of the healthcare industry and rising disposable income are some of the factors anticipated to support the growth of market in the Asia Pacific.
Based on application of these devices, neurosurgery is expected to be the leading category under the segment. Other applications are cardiac surgery, orthopedic surgery, urology, gastroenterology, oncology surgery.
At present, Varian Medical Systems, Inc, GE Healthcare, Olympus Corporation, Analogic Corporation, Siemens Healthineers, Medtronic, Brainlab AG, KARL STORZ GmbH & Co. KG, Koninklijke Philips N.V., Stryker, are some of the primary players functioning within the image guided surgery devices market profiled in this study. For these players, details such as financials, SWOT analysis, business strategies, recent developments, and others are also defined.
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