Global Surgical Imaging Market - 2023-2030
The Global Surgical Imaging Market size reached US$ 2,047.3 million in 2022 and is projected to witness lucrative growth by reaching up to US$ 3,330.5 billion by 2030. The global surgical imaging market is expected to exhibit a CAGR of 6.4% during the forecast period (2023-2030).
Surgical imaging is crucial in oncological surgeries, including tumor resections, biopsy procedures, and lymph node dissections. Oncologic surgeons are able to optimize the surgical approach and guarantee total tumor excision by using imaging modalities including CT, MRI, and PET-CT scans that aid in tumor localization, staging, and determining precise margins for surgical removal.
Market DynamicsThe Growing Burden Of Chronic Diseases Is Boosting The Global Surgical Imaging Market Growth During The Forecast Period.
In both industrialized and developing countries, chronic non-communicable diseases (NCDs) constitute the main cause of death and disability. Seven out of ten fatalities globally are caused by the four primary NCDs: cancer, cardiovascular disease, chronic respiratory illnesses, and diabetes. Eighty percent of NCD-related deaths take place in low- and middle-income nations.
According to a World Health Organisation (WHO) estimate from 2022, noncommunicable diseases (NCDs) account for 41 million annual deaths or 74% of all fatalities worldwide. 17 million people worldwide pass away from an NCD before they turn 70 each year; 86% of these untimely deaths take place in low- and middle-income nations.
Technological Advancements Are Providing The Surgical Imaging Market With Prospective Growth Opportunities
In order to successfully complement each other's work in the future of surgery, humans and healthcare technology will need to work together more and more. For instance, in January 2022, The Image-Guided Therapy Mobile C-arm System - Zenition, developed by Royal Philips, a health technology organization, will now provide physicians with advanced new 3D image guidance capabilities, enhancing clinical accuracy and efficiency and aim to improve the results for patients receiving endovascular treatment.
COVID-19 Impact AnalysisThe COVID-19 pandemic has had a significant impact on the surgical imaging market. Elective surgeries have been postponed globally as a result of the pandemic's substantial and wide-ranging impact on surgical specialties.
As per the article published in Jornal of Minimal Access Surgery in 2022, when compared to traditional open surgery, minimally invasive surgery (MIS) employs a smaller incision, causes less damage to tissues, minimizes blood loss, shortens the time patients must stay in the hospital and produces superior short-term and comparable long-term results. In order to combat this pandemic, surgeons could achieve success in the field of MIS.
Russia-Ukraine Conflict Analysis
The impact of the Russia-Ukraine war on the surgical imaging market is complex and multifaceted. During times of conflict, healthcare resources and priorities may shift towards emergency and trauma care, leaving less focus and investment in non-emergency procedures and specialized equipment like surgical imaging systems. The demand for surgical imaging is impacted as healthcare systems prioritize immediate and critical needs over investments in advanced imaging technologies.
Segment AnalysisThe global surgical imaging market is segmented based on product, material, distribution channel, end-user, and region.
The Gastrointestinal Imaging Segment Is Expected To Hold A Dominant Position In The Market Over The Forecast Period.
The gastrointestinal imaging segment accounted for the highest market stake accounting for approximately 25.3% of the surgical imaging market in 2022. Surgical imaging plays a significant role in gastrointestinal procedures such as laparoscopic or robotic-assisted surgeries for conditions like colorectal cancer, gallbladder diseases, and bariatric surgery.
Furthermore, in September 2022, the newest surgical visualization platform from Olympus Corporation, a manufacturer of optics and reprography products, VISERA ELITE III, was introduced to meet the needs of healthcare professionals (HCPs) performing endoscopic procedures in a variety of medical specialties. Numerous imaging capabilities provided by VISERA ELITE III, supported by a single system, enable minimally invasive procedures such as laparoscopic colectomy and laparoscopic cholecystectomies.
Geographical AnalysisIncreasing Collaborations And Partnerships Among The Key Players, Increasing Chronic Diseases, And Advancement In Surgical Imaging Dominate the North American Region.
North America is expected to dominate the surgical imaging market, accounting for around one-third of this market. The surgical imaging market is driven by factors such as collaborations among key players, and advanced healthcare facilities in the North American region.
For instance, in November 2022, Hospital for Special Surgery (HSS), the top academic medical center in the world for musculoskeletal health, and medical device and technology company Lazurite collaborated based on Lazurite's ArthroFree Wireless Surgical Camera System, the first wireless surgical camera system to be cleared for market by the U.S. Food and Drug Administration for arthroscopy and general endoscopy.
Competitive LandscapeThe major global players in the market include GE Healthcare, Medtronic Plc., Siemens Healthineers AG, Thales Group, Shimadzu Corporation, Hitachi Ltd, Koninklijke Philips N.V., Ziehm Imaging GmbH, OrthoScan Inc., and Genoray Co. Ltd. among others.
Why Purchase the Report?• To visualize the global surgical imaging market segmentation based on the product, technology, application, modality, end-users, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of the surgical imaging market level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.
The global surgical imaging market report would provide approximately 77 tables, 82 figures, and 195 Pages.
Target Audience 2023• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies