The global image-guided therapy systems market size is expected to reach USD 4.95 billion by 2025, according to a new report by Grand View Research, Inc. The market is estimated to exhibit a healthy CAGR of 6.3% during the forecast period. Growing geriatric population base and cases of chronic diseases are expected to boost the market demand. Other factors propelling market growth include a rising preference for minimally invasive surgeries and technological advancements in image-guided therapy systems. Various initiatives undertaken in the area of cancer radiotherapy is also one of the important factors driving the market.
New
product launches by major companies are also having a positive impact on market
development. For instance, in February 2017, Philips launched a next-generation
image-guided therapy platform called Azurion for advancing patient care. The
growing adoption of such advanced systems is expected to drive the market. The
development of this system was aimed at optimizing interventional lab
performance, thereby ensuring superior care delivery. The increasing number of
initiatives undertaken by public and private firms in the area of cancer
radiotherapy is also estimated to have a positive impact on the market growth.
In
addition, many academic institutions are also investing in cancer radiotherapy
projects for increasing the effectiveness of treatment therapies. This is also
likely to contribute to market expansion. The development of the Image-guided
Therapy Program by the Brigham and Women’s Hospital aimed at advancing imaging
and therapeutic technologies for developing minimally invasive surgical and
interventional techniques is an example of one such initiative.
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Image-guided
Therapy Systems Market Report Highlights
- Endoscopes segment accounted
for the largest revenue share in 2017 owing to technological advancements,
high volume of endoscope-guided surgeries, and rising preference for
minimally invasive surgeries
- Cardiac surgery emerged as
the largest application segment in 2017. This growth is attributed to the
rising prevalence of target diseases, preference for minimally invasive
cardiac surgeries, and R&D initiatives aimed at developing real-time
cardiac interventions systems
- Hospitals emerged as the
largest end-use segment in 2017. However, Ambulatory Surgery Centers
(ASCs) segment is projected to expand at the fastest CAGR of 7.3% over the
forecast period
- North America emerged as the
largest regional market. Asia Pacific is anticipated to exhibit the
fastest growth rate of 7.6% during the forecast period
- The market is consolidated
with the presence of Koninklijke Philips N.V., Siemens Healthineers, GE
Healthcare, and Fujifilm Holdings Corporation accounting for the majority
market share. Analogic Corporation; Varian Medical Systems, Inc.; Brainlab
AG; Medtronic PLC; and Stryker Corp. are several other prominent companies
in the market.
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Image-guided
Therapy Systems Market Segmentation
Grand View Research has segmented
the global image-guided therapy systems market on the basis of product,
application, end use, and region:
Image-guided
Therapy Systems Product Outlook (Revenue, USD Million, 2014 - 2025)
- Computed Tomography (CT)
Scanners
- Ultrasound Systems
- Magnetic Resonance Imaging
(MRI)
- Endoscope
- X-ray Fluoroscopy
- Positron Emission Tomography
(PET)
- Single Photon Emission
Computed Tomography (SPECT)
Image-guided
Therapy Systems Application Outlook (Revenue, USD Million, 2014 - 2025)
- Cardiac Surgery
- Neurosurgery
- Orthopedic Surgery
- Urology
- Gastroenterology
- Oncology Surgery
- Others
Image-guided
Therapy Systems End-use Outlook (Revenue, USD Million, 2014 - 2025)
- Hospitals
- Ambulatory Surgical Centers
(ASCs)
- Clinics
- Research & Academic
Institutes
Image-guided
Therapy Systems Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- The U.S.
- Europe
- Germany
- The U.K.
- France
- Russia
- Italy
- Spain
- Netherlands
- Sweden
- Asia Pacific
- China
- India
- Australia
- Singapore
- Latin America
- Brazil
- Middle East & Africa
- South Africa
- Saudi Arabia
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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