As per a report by Persistence Market Research (PMR), the global surgical imaging market is expected to experience moderate growth throughout the forecast period 2017-2026. The market is estimated to increase at a 4.4 percent compound annual growth rate (CAGR). By the end of 2026, the global surgical imaging market is estimated to reach $1.384 billion.
The global surgical imaging market is segmented on the basis of end user, product, technology and application. Based on the product, the market segment consists of full-size C-arm, mini C-arms and O-arms. Among these, full-size C-arm is expected to witness steady growth during the forecast period 2017-2026. Full-size C-arm is estimated to account for more than half of the revenue share by the end of 2017.
Hospitals are expected to be the largest users in the global surgical imaging market. Hospitals are estimated to reach close to $900 million in revenue by the end of 2026.
Based on the application, the orthopedic segment is expected to witness strong growth in the global surgical imaging market during the forecast period 2017-2026. By the end of 2026, orthopedic is estimated to reach close to $500 million in revenue.
Geographically, the market is categorized into Europe, Latin America, North America, Japan, the Middle East and Africa (MEA), and Asia Pacific Excluding Japan (APEJ). Among these regions, North America is expected to be one of the largest regions in the global surgical imaging market.
In 2015, the global market for C-arms was estimated to be $1.7 billion. It is expected to exceed $2 million by the year 2021, growing at a (CAGR) of 3.2 percent during the forecast period of 2016-2021, according to Mordor Intelligence.
“C-arms are currently being used in several areas of medicine and their varied applications are only expected to increase over time,” Mordor Intelligence reports. “These factors, coupled with the increasing demand for health care infrastructure in developing and third-world countries, are driving the global C-arms market. On the other hand, the growing use of refurbished devices and the low replacement rates of C-arm systems are hindering market growth. With increasing focus on the portability of C-arms, there is a great market opportunity for companies producing mini C-arms. However, the increasing cost concerns in emerging economies resulting in increasing pricing pressures are presently the greatest challenge to be overcome in order to tap the full potential of this market.”
Research and Markets forecasts the global flouroscopy C-arms market to grow at a CAGR of 4.02 percent during the period 2016-2020.
Persistence Market Research also predicts continued growth for the global C-arm market.
The global fluoroscopy and C-arms market is likely to exhibit a CAGR of 4.5 percent during the forecast period (2016–2024) with market revenue expected to increase to $4.2 billion by 2024, according to Persistence Market Research.