Image Guided Surgery Devices Market

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Image Guided Surgery Devices Market The global
image-guided surgery devices market is predicted
to grow at 7.1 CAGR during the forecast period
with the market size reaching USD 6.3 billion by
2024. Various products such as X-ray fluoroscopy,
computed tomography, computed tomography with
single-photon emission, magnetic resonance
imaging, and ultrasound are significant
contributors to the market size of image-guided
surgery devices. Over the last few years, the
industry has seen substantial demand for computed
tomography as it is used to detect vascular
disorders, tumours, and skeletal abnormalities.
By Product, the upsurge in the precision of the
operating procedure has led to the fastest
growth of the magnetic resonance imaging segment
during the historical period, which is also
predicted to continue during the forecast
period. By Application, orthopaedic surgery
category is predicted to witness the highest CAGR
during the forecast period due to expanding the
geriatric population, and mounting occurrence of
road accidents. By End user, the market is
segmented into hospitals, ambulatory surgical
centers (ASCs), and others. ASCs is expected to
grow at the fastest CAGR of 8.3 during the
forecast period, globally. The growing
prevalence of neurological diseases, the
increasing demand and penetration of
image-guided surgery devices in emerging
countries, the expansion of the geriatric
population, the rise of healthcare understanding,
and the intensification of healthcare spending
are the main factors contributing to the growth
of the global market for image- guided surgery
devices. In addition, the geriatric population is
vulnerable to neurological disorders, poor
immunity makes it difficult for them to recover
from the side effects of invasive procedures, so
the need for non-invasive surgery is growing
through image-guided surgery devices.
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Some of the other key factors driving the growth
of the industry are the mounting occurrence of
chronic diseases such as cancer, and
technological developments in medical
imaging. Recent News In June 2018, Royal
Philips acquired EPD Solutions, to improve its
product portfolio of image-guided procedures for
cardiac arrhythmias. Competitive
Insights Siemens AG, Koninklijke Philips N.V,
Medtronic Plc, Stryker Corporation, Hitachi,
Ltd., Varian Medical Systems, Inc., Smith
Nephew plc, KARL STORZ GmbH Co. KG., Zimmer
Holdings, Inc., and General Electric are some of
the key players offering solutions for image-
guided surgery devices.
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