Increased Demand for Minimally Invasive Procedures and the Surge in Day Surgeries at Outpatient Facilities are Driving Transformational Growth
The image-guided therapy (IGT) market is growing rapidly, mainly driven by the rising preference for minimally invasive procedures, technological advancements in multimodal imaging, artificial intelligence, the use of software solutions that enable better clinical outcomes, and the high demand for precision medicine in oncology treatment. In addition, the IGT market is influenced by technological innovations in MRI, CT, molecular imaging, ultrasound, and interventional X-ray during oncology, cardiology, neurosurgery, orthopedic, and urology procedures. The integration of the aforementioned medical imaging modalities with navigation systems and robotics has enabled higher precision and accuracy during surgical procedures.
Frost & Sullivan expects IGT to sustain steady growth during the next 5 years, fueled by increasing expenditures and investments in research and development that drive market expansion. Frost & Sullivan also expects minimally invasive procedures to see higher adoption than conventional surgical procedures, which will propel IGT market growth.
The study period is from 2022 to 2029, the base year is 2024, and the forecast period is from 2025 to 2029. The study analyzes the North American, European, Asia-Pacific, and Rest of World markets, focusing on current scenarios, drivers and restraints, the latest technologies, and notable participants.
Frost & Sullivan segments the IGT market into the following categories: - Product type: - Capital equipment - Medical devices and consumables - Solutions - Clinical applications: oncology, cardiology, neurosurgery, urology, and orthopedics
Growth Opportunity Analysis
Scope of Analysis
Segmentation
Transformation in the IGT Market
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8
The Impact of the Top 3 Strategic Imperatives on the IGT Industry
Ecosystem in the IGT Market
Definition
IGT as a Cross-modality Convergence
Image Guidance by Therapeutic Modalities
Key IGT Solutions
IGT Service Provider Types
Developments in Clinical Application Areas
Competitive Environment
Key Competitors
Growth Generator
Growth Metrics
Growth Drivers
Growth Restraints
Forecast Considerations
Revenue Forecast
Revenue Forecast by Product Type
Table IGT: Revenue Forecast by Product Type, Global, 2022–2029
Revenue Forecast by Region
Table IGT: Revenue Forecast by Region, Global, 2022–2029
Revenue Forecast by Clinical Applications
Table IGT: Revenue Forecast by Clinical Applications, Global, 2022–2029
Revenue Forecast Analysis
Revenue Share
Revenue Share Analysis
Growth Generator: North America
Growth Metrics
Revenue Forecast
Revenue Forecast by Product Type
Table IGT: Revenue Forecast by Product Type, North America, 2022–2029
Revenue Forecast by Clinical Applications
Table IGT: Revenue Forecast by Clinical Applications, North America, 2022–2029
Forecast Analysis
Federal Regulations for Radiology Solutions, Including IGT Solutions
Competitive Analysis
Growth Generator: Europe
Growth Metrics
Revenue Forecast
Revenue Forecast by Product Type
Table IGT: Revenue Forecast by Product Type, Europe, 2022–2029
Revenue Forecast by Clinical Applications
Table IGT: Revenue Forecast by Clinical Applications, Europe, 2022–2029
Forecast Analysis
GDPR for Radiology Solutions, Including IGT Solutions
Competitive Analysis
Growth Generator: APAC
Growth Metrics
Revenue Forecast
Revenue Forecast by Product Type
Table IGT: Revenue Forecast by Product Type, APAC, 2022–2029
Revenue Forecast by Clinical Applications
Table IGT: Revenue Forecast by Clinical Applications, APAC, 2022–2029
Forecast Analysis
Medical Tourism as an Opportunity for the IGT Market
Competitive Analysis
Growth Generator: RoW
Growth Metrics
Revenue Forecast
Revenue Forecast by Product Type
Table IGT: Revenue Forecast by Product Type, RoW, 2022–2029
Revenue Forecast by Clinical Applications
Table IGT: Revenue Forecast by Clinical Applications, RoW, 2022–2029
Forecast Analysis
Competitive Analysis
Overview of Clinical Applications: Application Focus—Oncology