Fluoroscopy Equipment Market Size is Projected to Reach at USD 9,795 Million by 2030, Registering a CAGR of 4.7%, Owing to Increasing Demand for Minimally Invasive Procedures

Author: Acumen Research and Consulting

The Global Fluoroscopy Equipment Market Size is predicted to reach USD 9,795 Million by 2030 from USD 6,573 Million in 2021, at a CAGR of 4.7% from 2022 to 2030, as per the Acumen Research and Consulting

The market for fluoroscopy equipment is expected to continue growing in the coming years due to increasing demand for minimally invasive medical procedures, the aging population, and advancements in technology. Fluoroscopy is a medical imaging procedure that uses X-rays to provide real-time images of a patient's various parts of the body. It is utilized in a wide range of medical treatments, such as diagnostic imaging, interventional radiology, and surgical guidance. These fluoroscopy machines, also known as fluoroscopy units, are used in a number of medical procedures, including diagnostic imaging, interventional radiology, and surgical guidance.

The fluoroscopy equipment market is the industry for medical devices used in fluoroscopy, a medical imaging procedure that uses X-rays to provide real-time images of a patient's interior structures. The rising usage of digital fluoroscopy devices, which use digital detectors to capture and show pictures in real-time, is one market trend. Compared to classic film-screen systems, these systems provide enhanced image quality, faster image acquisition, and the capacity to store and transfer images digitally. Another growing trend is the development of portable fluoroscopy systems for employment in places other than regular clinics and hospitals. These devices are increasingly being employed in disaster relief, military settings, and underdeveloped countries with limited access to medical facilities.

Fluoroscopy Equipment Market Statistics

  • Global fluoroscopy equipment market value was worth USD 6,573 Million in 2021, with a 4.7% CAGR from 2022 to 2030
  • North America fluoroscopy equipment market share occupied around 35.1% in 2021
  • Asia-Pacific fluoroscopy equipment market growth is estimated to attain 5.2% CAGR from 2022 to 2030
  • By application, cardiovascular category capture over 29.9% of total market share in 2021
  • Increasing prevalence of gastrointestinal diseases, propel the fluoroscopy equipment market revenue

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Fluoroscopy Equipment Market Trends

Increasing Demand for Minimally Invasive Medical Procedures Drives the Fluoroscopy Equipment Market

Minimally invasive medical procedures, such as catheterizations and angiograms, involve the use of small incisions or punctures rather than large, open surgery. These procedures are less traumatic and have shorter recovery times than traditional surgical procedures, making them an attractive option for patients and healthcare providers. Fluoroscopy is frequently used to guide these treatments since it allows clinicians to see real-time images of the patient's insides and make modifications as needed. As the demand for minimally invasive procedures grows, so does the demand for fluoroscopy equipment to support these procedures. This is a major growth driver in the fluoroscopy equipment industry.

High Cost and Limited Availability Limits the Global Market

One of the main restraints on the fluoroscopy equipment market is the high cost of these devices. In addition to the high cost, fluoroscopy equipment may also be limited in availability in some regions. This may be due to a variety of factors, including a lack of trained personnel to operate the equipment, limited infrastructure for medical facilities, and economic and political instability. These factors may make it difficult for healthcare providers to access and utilize fluoroscopy equipment, which can act as a restraint on the market.

Fluoroscopy Equipment Market Segmentation               

Acumen Research and Consulting has segmented the global fluoroscopy equipment market by product, end-user, and application.

  • By product, the market is categorized into C-arms (full-size C-arms and mini C-arms), and fluoroscopy devices. According to the fluoroscopy equipment market forecast, the fluoroscopy devices type is predicted to expand significantly over the coming few years.
  • By application, the market is classified into orthopedic, gastrointestinal, pain management & trauma, cardiovascular, neurology, general surgery, urology, and others.
  • By end-user, the market is divided into diagnostic centers, hospitals, and specialty clinics.

Fluoroscopy Equipment Market Regional Overview      

Geographically, the global fluoroscopy equipment market can be divided into North America, Asia Pacific, Latin America, Europe, and Middle East and Africa. According to the fluoroscopy equipment industry analysis, North America is a dominant market that is projected to continue to dominate in the coming years. The factor for this regional market growth is the increasing demand for modern medical technology as well as the availability of superior healthcare infrastructure in the region. North America has a large and aging population, thus medical technology that can identify and treat age-related illnesses including cardiovascular disease and arthritis is in high demand. Fluoroscopy is commonly used to diagnose and treat various disorders, which drives demand for the equipment. Furthermore, North America is home to many of the main manufacturers and suppliers of fluoroscopy equipment, which contributes to the region's market dominance.

Fluoroscopy Equipment Market Players  

Some of the prominent fluoroscopy equipment market companies are Toshiba Medical Systems Corporation, GE Healthcare, ADANI Systems Inc., Shimadzu Corporation, Hitachi Ltd., Hologic, Inc., Agfa-Gevaert Group, Philips, Ziehm Imaging GmbH, Carestream Health, Inc., and Lepu Medical Technology Co., Ltd.

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