Fluoroscopy Equipment Market Will Reach $4.74 Billion By 2025: Grand View Research, Inc.
The global fluoroscopy systems/equipment market is expected
to reach USD 4.74 billion by 2025, according to a new report by Grand View
Research, Inc. The unprecedented growth is believed to be a consequence of
rising patient preference for minimally invasive surgeries. These devices
facilitate early diagnosis and reduce treatment duration in majority of
surgical procedures.
The growing demand is also a
consequence of improved cost-efficiency, safety, efficacy, rapid recovery, and
reduced hospital stay. These factors anticipated to fuel the demand for fluoroscopy
equipment over the forecast period. Other advantages include fewer incision
wounds and postsurgical complications that lead to higher patient satisfaction.
The market is also driven by
technological advancements such as incorporation of radiation dose monitoring
tools for optimized radiation in fluoroscopy equipment. Other advancements
include robotically controlled C-arms, integrated navigation tools, and image
guidance software. These advancements have led to enhanced image guidance
during interventional, ablation, and biopsy procedures as well as improved
optimization of working procedures.
U.S. fluoroscopy systems
market by product, 2014 - 2025 (USD Million)
Browse full research report on
Fluoroscopy Equipment Market
Further key findings from
the report suggest:
- C-arms
segment is predicted to witness exponential growth owing to high
cost-efficiency and wide applicability in different fields such as
traumatology, orthopedics, vascular surgery for intraoperative imaging,
and others
- Cardiovascular
emerged as the largest application segment in 2016 as a consequence of
high prevalence of cardiovascular diseases, raising the clinical urgency
for adoption of fluoroscopy equipment
- Hospitals
held the largest share in end-use segment due to high patient volume,
consistent readmissions, and easy availability of high-end equipment
- North America
accounted for the largest share, which can be attributed to the extensive
R&D activities that are likely to provide platform for growth through
consistent approvals of new product
- The market in
Asia Pacific is projected to witness substantial growth over the next
decade, due to growing awareness pertaining to availability and benefits
of these devices, further triggering significant penetration
- GE
Healthcare, Philips Healthcare, and Siemens Healthineers together
accounted for a dominant share in the global fluoroscopy equipment market
in 2016
- The key
companies are aggressively undertaking collaborative strategies, new and
advanced product development activities, and mergers & acquisitions
leading to significant growth
- In May 2015,
Philips Healthcare launched DuoDiagnost, an integrated radiography and
fluoroscopy system. This equipment was launched to yield higher
price-performance ratio in different applications and achieve a greater
return on investment
About Grand View Research, Inc:
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
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