Intraoperative Imaging Market Analysis and Forecast to 2031: By Product (iCT, iUltrasound, iMRI, C-arm System), Component (System, Software, Services), Application (Neurosurgery, Orthopedic, ENT Surgery, Oncology Surgery, Trauma Surgery, Cardiovascular, O

Intraoperative Imaging Market Analysis and Forecast to 2031: By Product (iCT, iUltrasound, iMRI, C-arm System), Component (System, Software, Services), Application (Neurosurgery, Orthopedic, ENT Surgery, Oncology Surgery, Trauma Surgery, Cardiovascular, Others), End Use (Hospital, Others), and Region

The global intraoperative imaging market was valued at USD 1.9 billion in 2021 and it is anticipated to grow further till USD 3.3 billion by 2031, at a CAGR of 5.6% during the forecast period.

During surgery, the surgeon uses the intraoperative imaging system, an optical imaging device, to obtain a fast and detailed image of the surgical site. Through the use of images of the organ, tissue, or cell that the surgeon will be operating on, intraoperative imaging assists the surgeon. Intraoperative ultrasound, intraoperative CT, intraoperative MRI, intraoperative X-ray, and mobile C-arm are a few examples of intraoperative imaging equipment. These tools are utilized in a variety of surgical operations, including gastrointestinal surgery, heart surgery, neurosurgery, and cancer surgery.

Market Trends and Drivers

Intraoperative imaging has seen considerable changes and technological breakthroughs over the past ten years in the medical device industry, including the emergence of specialized imaging technologies and portable/handheld/smartphone-based intraoperative imaging equipment. Comparatively to conventional imaging devices, technologically sophisticated intraoperative imaging systems provide faster results, better image quality, simpler consoles, and easier operations.

The major market participants in intraoperative imaging are putting more and more emphasis on releasing cutting-edge technology. The focus of innovation in this sector is on creating affordable, cutting-edge technology intraoperative imaging equipment. The noise/sound generated by intraoperative imaging devices has decreased, which is a significant technological breakthrough. Important players have consistently developed products that make a lot less noise. Such developments concentrate on enhancing the capabilities of intraoperative imaging systems and broadening their application domains, which raises end customers' demand for these systems.

Market Restraints and Challenges

The price of and installation costs for intraoperative imaging systems are high, which raises the cost of the patient's procedure. This has an impact on how quickly new systems are adopted, particularly in developing nations where the majority of healthcare facilities cannot afford such technologies. When healthcare organizations invest in such expensive systems, they frequently rely on third-party payers (such as Medicare, Medicaid, or commercial health insurance plans) to cover the expenses of diagnostic and therapeutic operations carried out using these systems. As a result, medium-sized and small healthcare facilities are unable to invest in cutting-edge intraoperative imaging modalities due to reasons such as ongoing reductions in reimbursements for intraoperative imaging scans and the rising cost of intraoperative imaging equipment.

Global Intraoperative Imaging Market Segmental Overview

The report analyses the global intraoperative imaging market based on the product, component, application, end use, and region.

Global Intraoperative Imaging Market by Product

Based on the product, it is segmented into iCT, iUltrasound, iMRI, and C-arm System. In 2021, the C-arm segment led the market and had the highest revenue share. This is because of its mobility, which enables it to man oeuvre around the patient to find the ideal angle for a high-quality image while keeping the patient at ease. Additionally, the segment is projected to be driven during the forecast period by technological advancements.

Global Intraoperative Imaging Market by Component

Based on the component, it is segmented into the system, software, and services. The systems segment is anticipated to dominate the market during the forecast period. Manufacturers' introduction of new technologies is anticipated to increase demand in the global intraoperative imaging market's Systems segment. Market providers are focusing on the creation of systems with improved coverage, mobility, usability, and system size. For instance, businesses have recently focused on creating user-friendly platforms that will aid doctors in carrying out complicated surgery.

Global Intraoperative Imaging Market by Application

Based on the application, it is segmented into neurosurgery, orthopedic, ENT surgery, oncology surgery, trauma surgery, cardiovascular, and others. In 2021, the neurosurgical segment had the highest revenue share. because there are more neurological conditions, such as epilepsy, stroke, Parkinson's disease, migraine, brain tumors, multiple sclerosis, Alzheimer's disease, and other dementias. Results from intraoperative imaging are game-changing because they let neurosurgeons operate with greater accuracy and precision, reduce the need for extra procedures, and shield patients from infection while being moved in and out of the operating theatre.

Global Intraoperative Imaging Market by End Use

Based on the end use, it is segmented into hospitals, and others. In 2021, the hospital sector dominated the market and accounted for the biggest revenue share. During the forecast period, it is anticipated that this dominance will persist. This is because hospitals are increasingly implementing cutting-edge intraoperative imaging equipment to improve patient outcomes. For instance, the first cerebral resection case employing a 3.0T high field intraoperative MRI equipment was done by the Xuanwu Hospital Neurosurgery Department China in April 2019, suggesting that the department has entered a new age of precision neurosurgery.

Geographical Analysis of the Global Intraoperative Imaging Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. It is anticipated that the market will grow as a result of the presence of a sizable number of market players in the area and their ongoing efforts to develop new products, invest in acquisitions, and engage in RD activities to support simple operations and guarantee the availability of genuine medical-grade imaging systems. For instance, the U.S. Food and Drug Administration (FDA) approved Activ Surgical's ActivSight Intraoperative Imaging Module in April 2021 for improved surgical visibility. Activ Surgical is a pioneer in digital surgery. By providing surgeons with real-time intraoperative visual data and imaging, this imaging module enhances patient outcomes and operating room security.

Major Players in the Global Intraoperative Imaging MarketCOVID-19 Impact

The market for intraoperative imaging has been considerably impacted by the COVID-19 epidemic. In the manufacturing and supply chain, the market is having trouble meeting inconsistent demand for the goods and services in the industry, as well as getting products to customers on time. The supply of intraoperative imaging products to end users has also been reduced as a result of a lack of skilled lab personnel to perform/study diagnostic tests, limited operations in the majority of industries, inadequate funding for research and academic institutes, the temporary closure of major academic institutes, disrupted supply chains, and difficulties in providing necessary/post-sales services because of lockdowns. In nations with high infection rates, the pandemic has had a negative influence on organ donation and transplantation.

Recent Developments

• October 2021, IMRIS, Deerfield Imaging Wins FDA 510(k) clearance for New iMRI 3T-V Surgical System.
• September 2019, Siemens AG established a new RD center in Bengaluru, India, which offer diagnostic imaging solutions and advanced therapies. The center will manufacture mobile c-arm devices locally in India.
• January 2019, Canon Medical launched Global Illumination next-generation rendering capabilities to allow clinicians to visualize and manipulate photo-realistic anatomical images.
• December 2018, IMRIS, Deerfield Imaging announced a collaboration with the Prince Sultan Military Medical City and distributor Gulf Medical Company to install the first IMRIS Surgical Theatre in Saudi Arabia.

Frequently Asked QuestionsQ1. How big is the Intraoperative Imaging market?Ans. The global Intraoperative Imaging market size was USD 1.9 Billion in 2021 and is anticipated to reach USD 3.3 Billion in 2031, growing at a rate of 5.6% from 2022 to 2031.Q2. What is the Intraoperative Imaging market growth rate?Ans. The growth rate of the Intraoperative Imaging market is 5.6%.Q3. Which region holds a major market share for the Intraoperative Imaging market?Ans. North America holds a major market share of the Intraoperative Imaging market in 2021.Q4. Which segment accounted for the largest Intraoperative Imaging market share?Ans. By end use, hospital segment accounted for the largest Intraoperative Imaging market share.Q5. Who are the key players in the Intraoperative Imaging market?Q6. What are the factors driving the Intraoperative Imaging market growth?Ans. The major factors driving the growth of the market are the growing healthcare market in emerging countries.Q7. What are the key growth strategies of Intraoperative Imaging market players?Ans. The key growth strategies of Intraoperative Imaging market players are product launch and product approval.Q8. Which region will provide more business opportunities for the Intraoperative Imaging market during the forecast period?Ans. The Asia-Pacific region will provide more business opportunities for the Intraoperative Imaging market during the forecast period.

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