Following are the major objectives of the study:
# To describe and forecast the surgical imaging market, in terms of value, by technology, application, and region
# To describe and forecast the market, by region–Asia Pacific (APAC), Europe, North America, and Rest of the World (RoW) along with their respective countries
# To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and challenges)
# To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
# To study the complete value chain of surgical imaging
# To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the surgical imaging ecosystem
# To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing competitive landscape for market leaders
# To analyze strategic approaches such as partnerships, agreements, alliances, collaborations, product launches, expansions, and acquisitions in the market
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Factors Influencing Global Growth:-
The key factors driving the growth of this market are growing popularity of Flat Panel Detector C-arms (FPD C-arms) owing to advantages of FPDs over image intensifiers, reimbursement cuts on analog radiography systems, and increasing demand for minimally invasive procedures.
Restraints:
# High Cost of Instruments
Opportunities:
# Growing Demand for Data-Integrated Imaging Systems
# Emerging Markets to Offer High Growth Opportunities
Challenges:
# Imaging Obese Patients
Monetary Growth Expectations, Globally:
According to the Research Study conducted by MarketsandMarkets™: The surgical imaging market is expected to reach USD 1.63 Billion by 2022 from an estimated USD 1.25 Billion in 2017, at a CAGR of 5.5%.
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Major Developments in the Global Industry:
# In 2017, Koninklijke Philips partnered with Government of Kenya and the United Nations to Establish the SDG (Sustainable Development Goals) Partnership Platform in Kenya to make primary healthcare more accessible
# In 2017, Koninklijke Philips established its first innovation center in Moscow, Russia
# In 2017, Siemens Received US FDA approval for its Cios Fusion, Cios Connect, and Cios Select
# In 2017, Ziehm Imaging Launched the new version of Ziehm Vision FD with a complementary metal oxide semiconductor (CMOS) flat-panel detector and a new CMOS flat-panel detector which allows for display of smaller pixels in the same quality
# In 2016, Shimadzu Corporation established an indirectly-owned subsidiary—Shimadzu Malaysia Sdn Bhd.
Geographical Growth Scenario:
North America is expected to account for the largest share of the surgical imaging market in 2017, followed by Europe, Asia Pacific (APAC), and the Rest of the World. The large share of this region can be attributed to a rising number of overuse sports injuries, and rising prevalence of CVD, along with the increasing number of cardiac arrest cases, and increase in the number of minimally invasive procedures performed in Canada.
However, Asia Pacific is expected to register the highest CAGR of 7.1% during the forecast period, owing to the rapid growth in geriatric population in Japan, healthcare reforms in China, improving healthcare infrastructure in India, and rising number of orthopedic and CVD procedures in Australia.
Leading Market Players:
# GE Healthcare (US)
# Koninklijke Philips (Netherlands)
# Siemens (Germany)
# Ziehm Imaging (Germany)
# Hologic (US)
# Shimadzu Corporation (Japan) and many more…
Agreements, collaborations, alliances, and partnerships were the key strategies adopted by players from 2014–2017. The players that adopted these strategies are Koninklijke Philips, Ziehm Imaging, GE Healthcare, Siemens, OrthoScan, Toshiba Medical Systems, and Medtronic.
Koninklijke Philips accounted for a share of 38% of the total number of agreements, collaborations, alliances, and partnerships in the surgical imaging market. This high share of the company can be attributed to its increasing number of partnerships and collaborations with hospitals which are the primary end users of C-arms.
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