Showing posts with label Image Guided Surgery Devices Market. Show all posts
Showing posts with label Image Guided Surgery Devices Market. Show all posts

Monday, 24 October 2016

Image Guided Surgery Devices Market Advances with Improvement in Technology, Public Awareness; Market to Reach US$4.8 bn in 2022

A new Transparency Market Research report states that the global image guided surgery devices market, which was pegged at US$2.76 bn in 2013, is predicted to reach US$4.80 bn in 2022, expanding at a CAGR of 6.40% from 2014 to 2022. The title of the report is “Image Guided Surgery Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022.”

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Image guided surgery is a term utilized for any type of surgical procedure wherein the surgeon utilizes tracked surgical instruments coupled with intraoperative and preoperative images for indirect guidance for the procedure. Image guided surgery systems utilize electromagnetic fields or cameras for capturing and relaying images of the anatomy of patients. Image guided surgery is used in a wide range of applications and is particularly utilized in surgery of the sinuses, where it aids in avoiding damage to the nervous system and the brain of the patient.

As per the report, the increasing demand for enhanced healthcare facilities and the rising healthcare expenditure globally are amongst the chief factors fuelling the market for image guided surgery devices. In addition, the rising popularity of IGS devices and the increasing initiatives taken by governments globally will also have a positive impact on the growth of the market. Furthermore, the developing markets hold a significant potential for the image guided surgery devices, hence propelling market development. The increasing count of partnerships and collaborations is a key trend seen in the market. On the other hand, the absence of skilled professionals and the soaring cost of installation of image guided surgery devices are amongst the major factors inhibiting the development of the market. In addition, the stringent regulatory needs and the lack of health insurance in emerging countries will also pose a negative impact on the growth of the market.

On the basis of device type, the report segments the market into ultrasound, computed tomography (CT) scanners, magnetic resonance imaging (MRI) machine, x-ray fluoroscopy machine, endoscope, single photon emission computed tomography (SPECT) equipment, and positron emission tomography (PET) machine. Amongst these, computed tomography (CT) scanners have the highest demand owing to the increasing applications of CT scanners in tumor detection and imaging of soft tissue structures. In addition¸ the turnaround time of these scanners is less, which is advantageous in critical and complicated surgeries. This segment stood at US$770 mn in 2013.

In terms of application, the report segments the market into orthopedic surgery, neurosurgery, oncology surgery, ear, nose, and throat surgery, and others. Amongst these, the segment of neurosurgery held the largest share in the market in 2013. The increasing accuracy of operating procedures is a key factor fuelling the growth of the neurosurgery segment. On the other hand, the demand for orthopedic image guided surgeries is also predicted to rise owing to the increasing aging population and the increasing occurrence of road accidents globally.

On the basis of geography, the report segments the market into Europe, North America, Latin America, Asia Pacific, the Middle East, and Rest of the World (RoW). Amongst these, North America led the market in 2013 and was trailed by Europe. The reasons for the superiority of both these regions include the increasing adoption rate of new technologies, the increasing healthcare expenditure, and the availability of trained healthcare professionals in these regions.

As per the report, the chief players dominant in the market are Toshiba Corporation, Siemens Healthcare, Koninklijke Philips N.V., St. Jude Medical, Inc., General Electric Company, Medtronic plc, Brainlab AG, and Varian Medical Systems, Inc., among others.

Browse Research Report on Global Image Guided Surgery Devices Market:
http://www.transparencymarketresearch.com/image-guided-surgery.html

Wednesday, 8 July 2015

Top 10 Trends Shaping the Global Image Guided Surgery Devices Market and their Impact Analysis

Image-guided surgery (IGS) is a surgical procedure that uses preoperative and intraoperative images to direct surgical instruments through correlating the operative field. Image-guided surgery was developed with neurosurgery in mind, but is currently used for medical fields such as ENT, orthopedics, oncology, and others. A research study from Transparency Market Research (TMR) states that the global image-guided surgery devices market will be worth US$4.80 billion by 2022, with a CAGR of 6.4% during the forecast period from 2014 to 2022. In 2013, the global image-guided surgery devices market was valued at US$2.76 billion.

The global image-guided surgery (IGS) devices market will benefit from several drivers, while it will be inhibited by a couple of factors. Let’s take a look at the most influential trends shaping the global image-guided surgery devices market.

Top 10 Global IGS Devices Market Determinants

1. The increasing demand for better health care facilities is expected to drive the overall image-guided surgery (IGS) devices market.

2. The accelerated healthcare expenditure and patients’ demand for novel techniques will also boost the growth of the global image-guided surgery devices market.

3. Image-guided surgery devices offer a high level of accuracy and efficiency, which has made them popular among consumers around the world. Especially, the adoption of CT scanners in IGS is high and was estimated at US$770.7 million in 2013.

Browse The Market Research Report on Image Guided Surgery Devices: 

4. The rising number of government initiatives to promote the use of IGS will also fuel the global IGS devices market.

5. Companies in the market are competing on the basis of innovation, which will propel the global image-guided surgery devices market.

6. To drive product innovation, players in the global image-guided surgery (IGS) devices market are entering collaboration and partnership programs. This trend will support the growth of established players as well as welcome new entrants in the global IGS devices market.

7. Furthermore, the emerging markets of Asia Pacific hold a massive growth potential in the global image-guided surgery devices industry due to the rapidly-expanding healthcare infrastructure in this region. The Asia Pacific IGS devices market is predicted to grow at a fastest CAGR of 6.9% during the forecast period.

8. Nevertheless, the high cost associated with installation of image-guided surgery devices will suppress the market. Moreover, the lack of skilled staff to use and maintain these devices will hamper this market.

9. The strict regulatory standards to approve new IGS devices is also expected to suppress the global image-guided surgery devices market. Several IGS devices from top companies are awaiting approval from FDA.

10.  Moreover, the poor primary health care infrastructure and absence of health insurance, particularly in developing nations will also inhibit the growth of the global IGS market

Some of the types of devices of IGS are single photon emission computed tomography (SPECT) equipment, positron emission tomography (PET) machine, x-ray fluoroscopy machine, endoscope, magnetic resonance imaging (MRI) machine, ultrasound, and computed tomography (CT) scanners.

Browse Press Release of Image Guided Surgery Devices Market: 

The global image-guided surgery (IGS) devices market by application is divided into neurosurgery, oncology surgery, ENT surgery, orthopedic surgery, and others. The orthopedic surgery segment in the global image-guided surgery devices market is projected to demonstrate a highest CAGR of 7% during the forecast period owing to the rising incidence of road accidents and increasing geriatric population.

The key manufacturers in the global IGS devices market include Siemens, Zimmer Holdings, St. Jude Medical, Medtronic, Stryker, IMRIS, KARL STORZ, Analogic, and Brainlab.

Tuesday, 9 June 2015

Global Image Guided Surgery Devices Market Expected to Reach USD 4.80 Billion in 2022: Transparency Market Research


According to a new market report published by Transparency Market Research Image Guided Surgery Devices Market (By Type: CT, Ultrasound, MRI, Endoscopes, X-Ray Fluoroscopy, PET, and SPECT; By Application: Neurology, Orthopedic Surgery, ENT, Oncology Surgery, and Others), the global image guided surgery devices market was valued at USD 2.76 billion in 2013 and is projectedto expandat a CAGR of 6.4% from 2014 to 2022 to reach USD 4.80 billion in 2022.

Browse the full Image Guided Surgery Devices Market Report: http://www.transparencymarketresearch.com/image-guided-surgery.html

Conventional surgical procedures are time consuming and less accurate, with risk of hazards to nearby nonsurgical area involved. Hence, demand for surgical techniques with enhanced accuracy and lesser turnaround time is increasing rapidly. Image guided surgical techniques offer advantages such as rapid surgical wound healing, minimum surgical scars and enhanced accuracy during surgical operations. Therefore, demand for image guided surgical procedures is increasing rapidly across the world. Consequently, the image guided surgery devices market is projectedto expandat an attractive growth rate of 6.4% during the forecast period from 2014 to 2022.

North America dominated the global image guided surgery market in 2013. The dominance of this region was majorly due to advanced healthcare infrastructure, acceptance of newly developed technologies, and availability of skilled healthcare professionals to use image guided surgery devices. The image guided surgery devices market in North America is anticipated to expandat aCAGR of 6.5% during the forecast period from 2014 to 2022. The U.S. dominated the image guided surgery devices market in North America,accounting fora share of over 80% in 2013. Highly developed healthcare infrastructure, availability of well-defined regulatory framework,and reimbursement coverage are the major factors driving the growth of the image guided surgery devices market in the U.S.

Browse the full Press Release of Image Guided Surgery Devices Market: http://www.transparencymarketresearch.com/pressrelease/image-guided-surgery.htm

Asia Pacific is estimated to be the fastest growing marketfor image guided surgery devices. The neurosurgeryapplication segment accounted for the largest share ofthe image guided surgery devices market in Asia Pacific in 2013. Factors such as rapidly improving healthcare infrastructure and rising adoption of advanced healthcare techniques are primarily drivingdemand for image guided surgery devices in neurosurgery.Rising geriatric population in China, Japan, and India is anticipated to fuel the demand for orthopedic surgeries in Asia Pacific. The orthopedic surgery segment in Asia Pacific is anticipated to expandat the fastest CAGR during the forecast period from 2014 to 2022.

Major players operatingin the global image guided surgery devices market include Analogic Corporation, Brainlab AG, General Electric Company, GSI Group, Inc., IMRIS, Inc., Integra LIfeSciences Corporation, KARL STORZ GmbH & CO. KG., Toshiba Corporation, Siemens AG, Zimmer Holdings, Inc., Smith & Nephew plc, St. Jude Medical, Inc., Stryker Corporation, and Medtronic, Inc.

The global image guided surgery devices market has been segmented as follows:

Global Image Guided Surgery Devices Market, by Device Type

  •   Computed Tomography (CT) Scanners
  •   Ultrasound
  •   Magnetic Resonance Imaging (MRI) Machine
  •   Endoscope
  •   X-ray Fluoroscopy Machine
  •   Positron Emission Tomography (PET) Machine
  •  Single Photon Emission Computed Tomography (SPECT) Equipment

Global Image Guided Surgery Devices Market, by Application

  • Neurosurgery
  • Orthopedic Surgery
  • Ear, Nose and Throat Surgery
  • Oncology Surgery
  • Others

Global Image Guided Surgery Devices Market, by Geography

  • North America

o   U.S.
o   Canada

  • Europe

o   U.K.
o   Germany
o   Rest of Europe

  • Asia-Pacific

o   China
o   India
o   Rest of Asia Pacific

  • Latin America

o   Brazil
o   Mexico
o   Rest of Latin America

  • Middle East

o   United Arab Emirates
o   Saudi Arabia
o   Rest of Middle East

  • Rest of the World


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