The global fluoroscopy equipment market is expected to grow at a CAGR of around 4.7% from 2020 to 2027 and expected to reach the market value of around US$ 8,326 Mn by 2027
Fluoroscopy equipment is a type of medical imaging system that has a visual effect on monitor similar to X-ray. During a fluoroscopy procedure, an x-ray beam is passed through a body. The image is transmitted to a monitor so that movement of a body part or an instrument or contrast agent (x-ray die) passing through the body can be traced. Fluoroscopy equipment guide physicians during certain treatment procedures that ultimately drive the fluoroscopy equipment market globally. Modern fluoroscopic equipment is packed by fluorescent screen and is attached to an electronic device that amplifies and transforms the glowing light into a video signal that is best suited for presentation as electronic display. The benefit associated with modern system that the fluoroscopist don’t need to stand in close proximity to the fluorescent screen in order to observe live image resulting in reduction of radiation dose to the fluoroscopist. Also, patients receive less radiation dose owing to amplification due to overall potential of imaging system. This factor further raises the demand towards adoption of modern system resulting into growth of fluoroscopy equipment market globally.
Market drivers and trends
Hybrid or imaging solutions for critically ill patients
Companies developing hybrid or imaging system design in a particular fashion with a smaller footprint for routine cardiovascular procedures, solve complex cases, and multidisciplinary. The C-arms with procedural intelligence support the unique needs of surgeons by workflow automation and optimized image acquisition. The modality design consists of antimicrobial surfaces and uninterrupted laminar flow that helps ensure maximum infection control within the patients tested on the same machine.
Pre-operative 3D data for better analysis by the physicians
Integration of software acts as a lock and key model in medical devices segment and assist in surgical interventions. The algorithms installed in the software will automatically visualize the target along with relevant anatomical traces that best support for precise intra-operative surgery. In cases of Endovascular repair (EVAR) procedures, processing pre-operative datasets takes just a minute while manual preparation typically requires fifteen minutes.
Standardized image quality by ALARA dose
Selection of image quality Communication and Networking Riser (CNR) level for the anatomy, devices, and materials that need to be visualized. Incorporating self-adjusting algorithms best supported by OPTIQ software will select the right imaging parameters keeping the radiation exposure to minimum for the patient and physicians team. By incorporating ALARA it is predicted that 50% less dose is required as compared to other devices that require high visibility with high dose administration.
Minimal invasive treatment
Time consuming manual workforce, unwanted variations in procedural outcomes, and staff training requirements are key barriers in surgeries. Through introducing hybrid image guiding procedures coupled with C-arms overcome all the obstacles. A unique mix of imaging and workflow software ensure simplicity in surgical workflow and standardized treatment across the patient’s severe extremities. The latest C-arm technology in fluoroscopy equipment is a combination of intelligent optimization of image quality and dose assist by automated C-arm positioning. ARTIS-pheno is the only robotic C-arm system available in the global market. Multidisciplinary capabilities enhance minimal invasive treatment across the specialties.
Fluoroscopy equipment market is segmented based on product, application, and end-user. Based on product, the market is bifurcated into fluoroscopy devices and C-arms. C-arms are further divided into mini C-arms and full size C-arms. By application, market is segmented as orthopedic, cardiovascular, pain management & trauma. By end-user, the market is segmented as hospitals, diagnostic centers, and specialty clinics.
Based on product, C-arms will record significant market share and contribute fullest in the forthcoming years. This can be achieved due to standardized imaging workflows and minimal invasive treatment coupled with hybrid technology. These are the prominent factors that contribute fullest for stupendous growth of global fluoroscopy market globally. C-arms is divided as fixed C-arms and mobile C-arms. The mobile C-arms will grow at a highest rate in the coming years as it possesses high quality features in handling complex surgeries. Rising prevalence of cardiovascular diseases and orthopedic surgeries are the major factors that will boost the adoption of mobile C-arms. C-arms utilized in wide range of complicated surgeries include cardiovascular diseases, neurosurgeries, gastroenterology, traumatology, and urology disorders.
By application segment, cardiology dominates the global fluoroscopy equipment market worldwide. Based on the diagnostic application, cardiology is the largest diagnostic application segment of the fluoroscopy equipment market. The largest share is accounted owing to high burden of cardiovascular disorders (CVDs) worldwide and benefits associated by integration of fluoroscopy systems during the diagnosis and treatment of complicated cardiac disorders.
North America dominates the overall regional market of fluoroscopy equipment. In the past, North America recorded largest market share for the fluoroscopy equipment market globally. Rising incidences of unintentional sports injuries, surge in CVD, and increasing number of surgeries performed related to hip and knee replacement drives the growth of regional market of North America and will continue to dominate till the forecast period. According to the Johns Hopkins University, The Johns Hopkins Hospital, and Johns Hopkins Health System, in US about 30 million children and teens participate in some form of organized sports and more than 3.5 million injuries are reported annually. Almost one-third of all the injuries recorded that are observed in the childhood are sports-related injuries.
Asia Pacific is anticipated to witness fasted growth for fluoroscopy equipment market in the coming years. As India witnessing strong economic growth, growing prevalence of chronic and lifestyle disorders, improvement in healthcare infrastructure have uplifted the demand for fluoroscopy equipments at end-use hospitals. Rising demand will offer lucrative market opportunities resulting for the overall growth of APAC market. In addition, high government involvement, revised healthcare reforms & policies further contribute for the stupendous growth of the regional market.
Key companies profiled in this report involve Siemens Healthineers, GE Healthcare, Philips, Shimadzu Corporation, Ziehm Imaging GmbH, Toshiba Medical Systems Corporation, Hitachi Ltd., Carestream Health, Inc., Hologic, Inc., Lepu Medical Technology Co., Ltd., Agfa-Gevaert Group, ADANI Systems Inc. and among others.
Market By Product
Market By Application
Pain Management & Trauma
Market By End-User
Market By Geography
Middle East & Africa
Fluoroscopy equipment is expected to reach a market value of around US$ 8,326 Mn by 2027.
The fluoroscopy equipment market is expected to grow at a CAGR of around 4.7% from 2020 to 2027.
Based on product, C-arms, is the leading segment in the overall market.
Hybrid or imaging solutions for critically ill patients, pre-operative 3D data for better analysis by the physicians, and standardized image quality by ALARA dose result in driving the demand for fluoroscopy equipment market.
Siemens Healthineers, GE Healthcare, Philips, Shimadzu Corporation, Ziehm Imaging GmbH, Toshiba Medical Systems Corporation, Hitachi Ltd., Carestream Health, Inc., Hologic, Inc., Lepu Medical Technology Co., Ltd., Agfa-Gevaert Group, ADANI Systems Inc., and among others.
North America is anticipated to grab the highest market share in the regional market
Asia Pacific is expected to be the fastest growing market in the forthcoming years