by A) Market Overview:
The global Fluoroscopy Devices Market is estimated to be valued at US$ 4,436.3 Mn in 2022 and is expected to exhibit a CAGR of 5.9% over the forecast period 2022-2028, as highlighted in a new report published by Coherent Market Insights. Fluoroscopy devices are extensively used in various medical procedures to obtain real-time moving images of internal body structures. The market is witnessing substantial growth due to the increasing demand for minimally invasive procedures and the rising prevalence of chronic diseases worldwide. However, high installation and maintenance costs coupled with stringent regulatory guidelines may hinder market growth.
B) Market Key Trends:
One key trend driving the growth of the Fluoroscopy Devices Market is the rapid technological advancements in imaging technology. Manufacturers are focusing on developing advanced fluoroscopy devices with enhanced imaging capabilities, such as higher resolution and reduced radiation exposure. For instance, Hologic Inc. launched the FLUOROscan InSight FD Mini C-arm, which offers advanced image quality and dose management features. Such technological advancements not only improve patient outcomes but also enhance the efficiency of medical procedures.
C) Segment Analysis:
The Fluoroscopy Devices Market is segmented based on technology, application, and end-user. The dominating segment in this market is the digital fluoroscopy technology. Digital fluoroscopy offers several advantages over conventional fluoroscopy, including lower radiation exposure, clearer images, and better image storage and sharing capabilities. It is widely used in various applications such as orthopedic surgeries, cardiovascular procedures, and gastrointestinal examinations. The increasing adoption of digital fluoroscopy technology by hospitals, clinics, and diagnostic centers is driving the growth of this segment.
D) Key Takeaways:
Market Size Related Content:
The global Fluoroscopy Devices Market is expected to witness high growth, exhibiting a CAGR of 5.9% over the forecast period. The increasing demand for minimally invasive procedures, driven by factors like shorter recovery times and reduced post-operative complications, is fueling market growth. Additionally, the rising prevalence of chronic diseases, such as cardiovascular disorders and cancer, is further propelling the market forward. For example, the introduction of advanced imaging technologies in fluoroscopy devices has enabled more accurate diagnosis and treatment planning.
Regional Analysis:
North America is the fastest-growing region in the Fluoroscopy Devices Market, attributed to the presence of a well-established healthcare infrastructure and a high adoption rate of advanced medical technologies. The region also benefits from a favorable reimbursement scenario and increasing healthcare expenditure. Moreover, Asia Pacific is expected to witness significant growth during the forecast period due to the increasing population, rising disposable income, and improving healthcare infrastructure in emerging economies like India and China.
Key Players Related Content:
Key players operating in the global Fluoroscopy Devices Market include Hologic Inc., Siemens Healthcare GmbH, Shimadzu Medical, Koninklijke Philips NV, FUJIFILM Holdings Corporation, Carestream Health, Canon Medical Systems Corporation, General Electric Company (GE Healthcare), and ATON GmbH (Ziehm Imaging Inc. and OrthoScan, Inc.). These companies are focusing on strategic collaborations, acquisitions, and product launches to strengthen their market position. For instance, in 2021, Siemens Healthcare GmbH expanded its product portfolio by acquiring Varian Medical Systems, a leading manufacturer of radiation therapy equipment.
In conclusion, the Fluoroscopy Devices Market is expected to witness significant growth in the forecast period, driven by the increasing demand for minimally invasive procedures and technological advancements in imaging technology. The digital fluoroscopy technology segment is dominating the market due to its numerous benefits over conventional fluoroscopy. North America is the fastest-growing region, followed by Asia Pacific. Key players in the market are actively investing in research and development activities to introduce innovative products and strengthen their market presence.
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.
