Image Guided Systems Market Outlook
The global image guided systems market leads to an estimated CAGR of 5.1% in the global market during the forecast period and registers a revenue valued at US$ 4.92 Bn in 2023 and is expected to cross US$ 8.09 Bn by 2033.
Key providers of image guided systems offer a wide array of field-tested and trusted systems that help the end user obtain excellent image quality at a low dose. Moreover, the latter can avail of all the coverage, detail, and advanced applications they need to see their way through virtually any interventional procedures with the key company’s all-digital imaging systems. This is expected to surge the adoption of image guided systems.
Image Guided Systems Market Size (2023)
US$ 4.92 Bn
Image Guided Systems Market Size (2033)
US$ 8.09 Bn
Image Guided Systems Market CAGR
Image Guided Systems (IGS) or Interventional radiology is a specialty encompassing the diagnosis, investigating and image guided therapeutic management of vascular and non-vascular diseases.
Image-Guided Systems refers to a surgical procedure that are using in the preoperative images for diagnosis of accurate place, these provides guidance to surgical instruments while surgery in the operative field.Image Guided Systems are helps in diagnosis and treatment of diseases and defects.
Image guidance systems are improves the accuracy in surgeries, and thus help in surgeries efficiently. IGS devices are guide doctors in planning for the surgery and help surgeons in conducting the surgeries.
IGS has wide range of applications such as cardiology, neurology, oncology, orthopedics and others.Imaging modalities such as Computed Tomography (CT) scanners, Magnetic Resonance Imaging (MRI) , X- Ray Fluoroscopy Machines, Positron Emission Tomography , Endoscopes and single positron emission computed tomography (SPECT) equipment are mostly used in Image Guided Surgeries.
Rising Demand for Minimally-invasive Surgeries to Fuel Demand for Image-guided Systems
Key players are committed to helping clinicians use image guidance technologies to their full potential by removing barriers in order to provide quality care to patients for better clinical and operational outcomes as demand for minimally invasive surgery continues to grow. Certain market players have introduced special augmented reality (A.R.) devices that represent the culmination of a multi-year collaboration between interventionists and surgeons, with the goal of enhancing user experience, improving workflow efficiency, and increasing the adoption of advanced image guidance in daily practice - all important aspects in today’s constrained healthcare environment.
Nearly 50% of operations are executed at working positions where clinicians have poor access to user interfaces, functions, and displays. The AR devices were designed to address these issues, with users experiencing the difference immediately upon entering the Interventional or hybrid operating room, where they can access all their essential functions from a personalized workplace through intuitive and compact user interfaces. Furthermore, the device brings flexibility with its gantry not mounted to the floor or the ceiling, enabling full mobility in the workplace. In addition, it enables collision-free procedures because of its wide-bore C-arm design. These factors are likely to support the growth of the image guided systems market share.
Another intriguing technology showcased by market players is certain dose management tools for Infinix-i vascular X-ray systems. It allows clinicians to view a region of anatomy using live fluoroscopy while viewing the ‘Last Image Hold’ surrounding area, resulting in a lower dose and a larger image display area than offered by previous technology. This is estimated to boost the sales of image guided systems.
Advancements to Surface in the Industry to Fuel Growth
With advanced image processing, physicians are able to better visualize even the smallest interventional devices and provide better patient care to patients undergoing interventional procedures. There are several benefits to this technology, such as programmable image display, where the system works with new software to allow clinicians the ability to optimize image viewing based on clinical preferences. Moreover, the new processing is designed to compress background noise and enable physicians to better see vasculature and cardiac devices.
Market players strive to allow surgeons to tailor their operating room technology to meet their workflow and patient management needs with a complete portfolio designed to meet a broad range of clinical demands. Their platforms are not only state-of-the-art but share an operating system (O.S.) that was developed from the ground up. This operating system facilitates intelligent synchronization of data between the platforms and offers easy access to all new software capabilities being developed today.
Digital surgery unites O.R. and software integration to create an uninterrupted path for patient data. All these factors are anticipated to generate creative market opportunities for the market.
Image Guided Systems Market: Drivers and restraints
Global Image guided systems market can be driven by following driving factors such as rising the incidence of cancer along with increasing demand for minimally invasive surgeries owing to ease it provides to patients compare to conventional surgeries are vital drivers of this market.
Increasing awareness among people and healthcare professionals about Image Guided Systems, Increasing the Prevalence of diseases such as Neurology, Cardiology, Orthopedics and ENT problems are driving the Image guided Systems devices market. Technological advancements and improvement in health care facilities are playing a predominant role in driving the IGS devices market.
Image Guided Systems Market: Overview
Rising the demand for minimally invasive surgeries and most accurate in critical surgeries and increasing demand for reduced hospital stay are contributing growth of cardiology and neurological operations. Increasing geriatric population coupled with increase in number of surgeries are providing a significant growth rate in forecasting period.
Image Guided Systems Market: Region-Wise Outlook
Depending upon the geographic regions Image Guided Systems market is segmented into seven key regions: North America, Latin America, and Eastern Europe, Western Europe, and Asia pacific excluding japan, Japan, Middle East and Africa.
North America dominating the image guide Systems market. High income with the population of this region and increasing awareness among the people towards the use of new technologies and reimbursement policies of the government.
Asian Pacific region market is considered to rapidly evolving healthcare infrastructure, this region is anticipating providing a lucrative growth of Image Guided Systems Market.
Image Guided Systems Market: Key players
Some of the key players in Image Guided Systems market are GE Health Care, Inc., Siemens AG, Integra Life Science, Medtronic, Plc. Brain lab AG, St. Jude Medicals, Toshiba Corporation.
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It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
The report covers exhaustive analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, U.K, Spain, France, Rest of Western Europe)
- Eastern Europe (Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Image Guided Systems Market: Segmentation
Global Image Guided Systems market can be segmented as following types
- Computed Tomography (CT) Scanners
- Magnetic Resonance Imaging (MRI)
- X- Ray Fluoroscopy
- Ultrasound Systems
- Positron Emission Tomography (PET)
- Single Photon Emission Computed Tomography (SPECT)
- Neurology Applications
- Cardiology Applications
- Gastroenterology Applications
- Urology Applications