Spine X-Ray and Computed Tomography (CT)

Spine X-Ray and Computed Tomography (CT)

The Spine X-Ray and Computed Tomography (CT) market is expected to register a CAGR of approx. 6% over the period of 2022-2030. Spine X-ray is a commonly used imaging technique that utilizes low-dose radiation to create images of the bones in the spine. It provides a two-dimensional view of the spine, allowing healthcare professionals to evaluate the alignment, structure, and overall health of the vertebrae. Computed Tomography, often referred to as CT or CAT scan, is an advanced imaging technique that combines X-rays and computer processing to create detailed cross-sectional images of the spine. CT scans provide a more comprehensive view of the spine, including the bones, nerves, discs, and soft tissues. The growing demand for spine x-ray and computed tomography (CT)s can be attributed to the increasing incidence of spinal disorders, such as degenerative disc disease, herniated discs, spinal stenosis, and spinal deformities, is driving the demand for spine imaging techniques around the globe. For instance, according to UnitedSpinal.gov, in 2022 Every year approximately 17,700 Americans acquire a spinal cord injury. Roughly 78% are men, and their average age is 43. Most spinal cord injuries happen as a result of a vehicle accident (39.3%), followed closely by falls (31.8%), trailed by violence (13.2%), sports (8%), and medical/surgery (4.3%). Owing to the glaring statistics increasing prevalence of spinal cord injury across the globe would contribute to the growth of the market in the forthcoming period as well. Furthermore, the spine x-ray and computed tomography (CT) market is anticipated to grow on account of Continuous advancements in imaging technology have significantly enhanced the capabilities of Spine X-ray and CT imaging. Moreover, The growing demand for minimally invasive spine surgeries has led to a growing demand for spine x-ray and computed tomography (CT)s in techniques. However, some of the restraints in the market including the high equipment and maintenance costs and radiation exposure concerns are impeding the growth of this market all over the world.

• Based on product, the market is segmented into X-ray devices, CT devices, and AI-enabled X-ray & CT software. Among them, the CT devices segment captured a significant share of the market in 2021. Accurate diagnosis is crucial in spine-related conditions for appropriate treatment planning and patient management. CT devices excel in providing detailed images of the spine, allowing healthcare professionals to identify abnormalities, fractures, degenerative changes, tumors, and other conditions accurately. The demand for precise and comprehensive diagnosis is driving the adoption of CT devices in the Spine X-ray and CT market.
• Based on the indication, the market is bifurcated into spinal injuries, spinal tumors, and spinal fractures. Among them, the spinal injuries segment is expected to grow at a higher CAGR in the market. Spinal injuries, such as fractures, spinal cord injuries, and spinal trauma, are becoming more prevalent due to various factors like accidents, sports-related injuries, falls, and violence. The increasing incidence of spinal injuries drives the demand for accurate and comprehensive diagnostic imaging techniques to assess the extent and nature of the injury, facilitating appropriate treatment planning .
• Based on the patient, the market is bifurcated into adults and pediatric & neonates. Among them, the adults segment is expected to grow at a higher CAGR in the market. Spine-related conditions, such as degenerative disc disease, herniated discs, and spinal deformities, are more commonly observed in adults compared to other age groups. The cumulative effects of wear and tear, prolonged sitting, physical labor, and lifestyle factors contribute to the higher incidence of these conditions in adults. Consequently, the demand for accurate diagnosis and treatment planning through spine imaging techniques is higher among adults.
• Based on the end-user, the spine x-ray and computed tomography (CT) market has been classified into hospitals & clinics, diagnostic imaging centers, and ambulatory surgery centres. Among them, the hospitals & clinics category grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. Hospitals and clinics serve as primary healthcare settings for patients seeking diagnostic evaluations and treatment. With the rising prevalence of spine-related conditions and the need for accurate diagnosis, there is an increasing demand for Spine X-ray and CT imaging services. Hospitals and clinics, equipped with advanced imaging technologies, can meet this demand and provide comprehensive spine imaging services to patients.
• For a better understanding of the market adoption of Spine X-Ray and Computed Tomography (CT), the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, U.K., and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of APAC), and Rest of World. North America, particularly the United States, is a hub for biotechnology and pharmaceutical research. North America is known for its strong focus on technological advancements in healthcare. The region has witnessed significant developments in Spine X-ray and CT imaging technologies, such as improved image resolution, reduced radiation dose, faster scanning times, and advanced software for image analysis. These advancements drive market growth by providing healthcare professionals with enhanced diagnostic capabilities and improved patient outcomes. For instance, in 2021, Philips introduced the Philips Incisive CT platform, a next-generation CT system that offers enhanced image quality, lower radiation dose, and faster scanning. The system incorporates advanced features like iPatient, which enables personalized imaging protocols and patient-centered imaging. This development exemplifies the focus on technological advancements in CT imaging. Moreover, North America has a high prevalence of spine-related conditions, including degenerative disc disease, herniated discs, spinal stenosis, and spinal deformities. Factors such as an aging population, sedentary lifestyles, and occupational hazards contribute to the growing incidence of these conditions. The need for accurate diagnosis and treatment of spine-related conditions drives the demand for Spine X-ray and CT imaging in the region.
• Some of the major players operating in Agfa-Gevaert NV, Arterys Inc, Carestream Health Inc., Enlitic Inc., Fujifilm Holdings Corporation, General Electric Company, Imagen Technologies Inc, Infervision Medical Technology Co. Ltd., Koninklije Philips N.V., Nano-x Imaging LTD among others. Several M&A’s along with partnerships have been undertaken.