Surgical Imaging Market to Register Substantial Expansion by 2025
Albany, NY -- (SBWire) -- 01/16/2018 --Surgery is a medical procedure that uses instrumental techniques and an operative manual to repair ruptured areas, remove unwanted areas, or treat a pathological condition or injury. Surgical imaging equipment are instrumental in providing greater efficiency and accuracy while performing surgeries. With the advent of new technologies, the success rate of cardiovascular surgeries, neurosurgeries, pediatric surgeries, orthopedic surgeries, and gastroenterology surgeries has increased. Orthopedic surgeries are performed to treat different conditions of the musculoskeletal system. Anterior Cruciate Ligament (ACL) reconstruction is a good example of orthopedic surgery with the success rate of 82% to 95%. Cardiovascular surgery is performed for the treatment of ischemic heart disease, congenital heart disease, valvular heart disease (rheumatic heart disease), and other heart complications. As per the Texas Heart Institute, in the U.S., thousands of heart surgeries are performed every day. Approximately 500,000 coronary bypass procedures were performed in the United State country in 2016. More than 4 million children undergo pediatric surgeries every year.
Increasing disease prevalence due to changed lifestyle, rising worldwide spending on research and development, widespread adoption of automation in laboratories, and adoption of new and innovative techniques in laboratories are factors driving The Global Surgical Imaging Market. Sports injuries also play an important role in promoting the growth of this market.
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In terms of end-user, the global surgical imaging market can be segmented into hospitals, clinics, and others. In terms of revenue, the hospitals segment held a major share of the global surgical imaging market in 2016. Increasing prevalence of sports and accident injuries drives the hospitals segment.
In terms of region, the global surgical imaging market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the leading market for surgical imaging. In terms of revenue, the U.S. holds a major share of the surgical imaging market in North America, due to increasing prevalence of sports injuries in the country. The market in Europe is expanding rapidly due to increasing investments in research and testing in the region, especially in the U.K., France, and Germany. Increasing adoption of minimally invasive surgical procedures and rising geriatric population drive the surgical imaging market in Europe. The market in Asia Pacific and Latin America is projected to expand at a significant pace in the near future. Developing economies such as China and India are anticipated to contribute to growth of the market in Asia Pacific between 2017 and 2025. This is attributable to better health care infrastructure, economic growth, growth of the private health care sector, and increase in research and development activities in these countries.
Key players operating in the global surgical imaging market are GE Healthcare, Shimadzu Corporation, OrthoScan, Ziehm Imaging, Koninklijke Philips, Siemens AG, Toshiba Medical Systems Corporation, Medtronic, Eurocolumbus srl., and Lightpoint Medical.
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