Intraoperative Imaging Market – Product (iCT, iMRI), By Application (Neurosurgery, Orthopedic Surgery), By End-Use (Hospital) - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Intraoperative Imaging Market held USD 1.9 billion in 2020 and is to grow with a CAGR of 5.0% from 2020-2030. Modern intraoperative imaging systems provide high-resolution real-time images for greater control during procedures. End users, such as hospitals, choose the latest intraoperative imaging systems because they contribute to the overall cost of surgery by reducing the need for follow-up operations and associated costs. Several comparative studies have shown that ORI-assisted intraoperative MRI helps improve overall health, reduces the frequency of resections, and reduces hospital stay. The use of intraoperative imaging systems is expected to increase for multiple surgeries, including but not limited to, stenting in brain aneurysms, catheter procedures, biopsy removal, spinal implants, laparoscopy, deep brain stimulation, and tumor surgery. The increasing prevalence of orthopedic, neurological and cardiac disorders is expected to drive the intraoperative imaging market.

Market Dynamics and Factors:

Several factors, such as the increasing population, the increasing burden of chronic diseases with changing lifestyles, the growing choice and demand for small invasive surgery (MIS) and the expansion of programs for neurosurgery and orthopedic surgery, lead to the development of the intraoperative imaging market share. However, the high cost of intraoperative imaging devices is expected to increase the negative impact in this market. With technological advances over the past few years, the choice and demand for minimally invasive surgery (MIS) has increased. Unlike traditional open surgery, MIS procedures have fewer complications. They are quicker to reduce and carry out hospitalizations and rehabilitation periods. This causes minimal blood loss, trauma and scars and are less prone to infection. Since MIS procedures are performed through small incisions, neurosurgical procedures (biopsy, electrode placement, thermal ablation for malignant and benign tumors), orthopedic procedures (knee and hip replacement), and spinal surgery are performed.

Market Segmentation:

Based on the product, intraoperative imaging market trends include into iCT, iMRI. By Application intraoperative imaging industry trends include neurosurgery, orthopedic surgery. Based on end use, intraoperative imaging market includes hospital and others. Geographical breakdown and analysis of each of the aforementioned segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographic Analysis:

North America dominated the intraoperative imaging market demand accounting for significant market share in 2019. Improved medical facilities and efficient insurance policies in the region have contributed to the growth of intraoperative imaging market. In addition, the growing public and private initiative to raise awareness about the use of intraoperative imaging devices are also expected to drive the overall market growth. For example, the European Society for Molecular Imaging (ESMI) has partnered with a research group that brings together all stakeholders such as scientists, surgeons and manufacturers to improve technical capabilities in the field of intraoperative imaging.

Competitive Scenario:

Global intraoperative imaging market, is moderately fragmented due to presence of both local as well as regional players. Key players enhancing the global intraoperative imaging market size include GE Healthcare, Brainlab AG, Siemens, Ziehm Imaging GmbH, Koninklijke Philips N.V., IMRIS, Medtronic, Shimadzu Corporation, and NeuroLogica Corp.

Intraoperative Imaging Market Report Scope