Endoscopes and Cardiac Surgery Lead Growth in the Image Guided Surgery Devices Market, Expected CAGR of 4.2%
Dublin, Oct. 02, 2023 (GLOBE NEWSWIRE) -- The "Image Guided Surgery Devices - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Image Guided Surgery Devices, estimated at US$4.6 million in 2022, is on a growth trajectory, projected to reach a revised size of US$6.1 million by 2030. This promising expansion is expected to occur at a steady CAGR of 3.5% over the analysis period from 2022 to 2030.
Among the segments analyzed in the report, Endoscopes stand out with a projected 4.2% CAGR, expected to reach US$2.2 million by the end of the analysis period. Meanwhile, the Magnetic Resonance Imaging segment is set to grow at a notable 3.2% CAGR over the next eight years.
The U.S. market for Image Guided Surgery Devices is estimated at US$1.4 million in 2022, demonstrating robust potential. Meanwhile, China, the world's second-largest economy, is forecasted to reach a projected market size of US$1.1 million by 2030, trailing a CAGR of 3.3% over the analysis period from 2022 to 2030. Noteworthy geographic markets also include Japan and Canada, each expected to grow at 3.2% and 2.7%, respectively, over the 2022-2030 period. Within Europe, Germany is anticipated to grow at approximately 2.5% CAGR.
Key Competitors in the Image Guided Surgery Devices market include:
7D Surgical Inc.
Abbott Laboratories
Accuray Incorporated
Allengers
Analogic Corporation
Brainlab AG
FUJIFILM Holdings Corporation
GE HealthCare
IMRIS, Deerfield Imaging, Inc.
KARL STORZ SE & Co. KG
Koninklijke Philips N.V.
Medtronic plc
Nanjing Perlove Medical Equipment Co., Ltd.
Olympus Corporation
OnLume Inc.
Quest Medical Imaging B.V.
Siemens Healthineers AG
Stryker Corporation
Economic Outlook:
The global economic outlook is showing signs of improvement, with expected growth recovery for the coming year. Despite some challenges, the United States has overcome the recession threat, and Europe is experiencing an easing of headline inflation, contributing to economic activity. China is also expected to see strong GDP increases as the pandemic threat recedes.
However, challenges such as uncertainty surrounding the war in Ukraine, persistent food and fuel inflation in developing countries, and high retail inflation continue to impact consumer confidence and spending. Governments are working to combat inflation by raising interest rates, which may impact job creation and economic activity.
Despite these challenges, the rise of new technologies, including AI, machine learning, Web3, and quantum technologies, presents opportunities for global growth. These technologies have the potential to drive significant incremental growth and value to global GDP in the coming years.
In this dynamic environment, businesses and leaders who demonstrate resilience and adaptability will find opportunities for success.
What`s New?
Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and trademarked research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Image-Guided Surgery: A Brilliant Advancement in Surgical Space
IGS Applications
Image-Guided Surgery Devices: The Lifeblood of Medical Imaging & Surgery
Image-Guided Surgery Tools Facilitate Navigation
Impact of Covid-19 and a Looming Global Recession
War & Inflation Supersede COVID-19 as Major Downside Risks for the Global Economy in 2023 & Beyond
Here's How Inflationary Pressures Affect the Economy
Russia-Ukraine War, the Primary Culprit Responsible for the Hardships
Stubbornly High Inflation to Single Handedly Drag Down Global Growth
Here's What's Causing the Current Spike in Inflation
War-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation in 2022 to the Highest Level Seen Since 1996: Global Inflation Rates (In %) for the Years 2019 Through 2024
War, Global Inflation, Cost of Living Crisis, Failed Fiscal Policy Attempts to Restore Price Stability & Contain Downside Risks to Result in Sharper-Than-Expected Slowdown in Global Economic Growth: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
Recession Triggered by Uncontrolled Inflation or Unemployment, Which is the Greater Evil? Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2023
Shaken by the War, Global Oil Prices Spiral and Feed Inflationary Pressures, Guiding the World Towards a Cost of Living Crisis: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2023
Impact of COVID-19 on Image Guided Surgery Devices
Competitive Landscape
Players Bet on Product Innovation to Gain in Image Guided Surgical Devices Market
Image Guided Surgery Devices - Global Key Competitors Percentage Market Share in 2023 (E)
Global Market Prospects and Outlook
Global Image Guided Surgery Devices Market Set to Witness Robust Growth
Endocopes, Cardiac Surgery & Hospitals: Star Segments of Image Guided Surgical Devices Market
Neurosurgery to Witness Fastest Growth
Hospitals Command Major Revenue Stake
North America Claims Commanding Stake on Image Guided Surgery Devices Market
Strong Contribution from Emerging Economies
Select Trends in the Use of IGS Tools
Recent Market Activity
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Increasing Prevalence and Incidence of Chronic Diseases Drives Demand for Image Guided Surgery Devices
Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
Fatalities by Heart Conditions: Estimated Percentage Breakdown for Cardiovascular Disease, Ischemic Heart Disease, Stroke, and Others
Global Annual Medical Cost of CVD in US$ Billion: 2010, 2015, 2020, 2025 and 2030
Growing Preference for Minimally-invasive Procedures to Benefit Image-guided Systems
Global Minimally Invasive Surgery Market in US$ Billion for the Years 2020, 2022, 2024 and 2026
An Aging Global Population and Subsequent Need for Healthcare Fuels Demand for Image-Guided Surgery Devices
Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030
Improving Healthcare Expenditure Bodes Well for Market Growth
World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
Driven by Rising Adoption of MRI Systems, Image Guided Surgery Devices Market Poised for Strong Gains
Promising Outlook for Interventional Ultrasound Systems Bodes Well for Market Growth
CT-Guided Interventional Procedures Continue to Gain Prominence
Increasing Number of Interventional Cardiology Procedures Drive Demand for Image-Guided Surgery Devices
Interventional Angiography Systems: Growing Role in Cath Labs
Image-Guided Surgery Devices Find Increased Demand in Spine Surgery & Endoscopic Sinus Surgery
Technological Advancements Create Market Opportunities
Image-Guided Therapy Gets Intertwined with Amazing Advances to Break New Grounds
Recent Product Launches and Innovations Drive Market Expansion
Select Innovations
Initiatives to Push Universal Access to Image-Guided Therapy
Targeting Rural Areas across China
New Cardiology Units to Serve Tier-II & III Cities in India
Focus on Outpatient Settings in US
Increasing Awareness for Minimally-Invasive Treatments
The Integration of Robotics with Image-guided Surgeries Spurs Market Growth
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/qldp12
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
