Selbyville, Delaware, May 10, 2021 (GLOBE NEWSWIRE) -- According to authentic estimations, global image-guided therapy systems market size had reached a valuation of USD 2.1 billion in the year 2019 and is expected to witness a y-o-y growth rate of 6% between 2020 and 2027. Technological breakthroughs in this industry vertical, growing elderly population, and increased pervasiveness of chronic conditions are some of the key factors driving the overall market growth.
Moreover, the study talks about the different segments of this market space and highlights their individual contribution towards the remuneration scale of the overall industry. It also evaluates the geographical reach and as well as the competitive outlook in terms of the innovative product launches business centric strategies deployed.
For those unfamiliar, an image-guided system allows surgeons to navigate devices placed inside patient body and display a 3-dimensional image of the targeted area. These systems offer consistent information further enabling surgeons to plan surgeries less invasive and safer.
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Thus, widespread adoption of image-guided therapy systems for treating therapeutic areas such as neurology, orthopedics, spine, endovascular, vascular, cardiac, urology, trauma, hypertension, and pain is augmenting the remuneration scale of this business sphere.
According to American Hospital Association, around 149 million Americans were recorded suffering from chronic medical conditions in the year 2015, which is likely to reach 164 million by 2025.
Thus, high occurrence of chronic conditions is fueling global imaging-guided therapy systems industry size. High costs associated with the product could, however, act as a bottleneck to the overall market expansion in the forthcoming years.
From the regional point of view
Worldwide image-guided therapy systems industry, based on geographical landscape, is categorized into North America, Latin America, Europe, Asia-Pacific, and the rest of the world. The country-level fragmentation includes Canada, United States, Germany, United Kingdom, France, Spain, Italy, India, Japan, China, Australia, South Korea, Mexico, and Brazil among others.
As per credible predictions, North America captured the largest market share in the year 2019 and is estimated to continue with its dominance in the forthcoming period. Availability of an advanced healthcare infrastructure, technological developments, and early adoption of the radiation therapies are positively swaying the business dynamics in North America.
Parallelly, Asia-Pacific is expected to emerge as a major revenue generator for global image-guided therapy systems industry by the year 2027.
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Global Image-guided Therapy Systems Market Product Landscape (Revenue, USD Billion, 2017-2027)
- Single Photon Emission Computed Tomography (SPECT)
- X-ray Fluoroscopy
- Magnetic Resonance Imaging (MRI)
- Endoscopes
- Positron Emission Tomography (PET)
- Computed Tomography (CT) Scanners
- Ultrasound Systems
Global Image-guided Therapy Systems Market by Application Reach (Revenue, USD Billion, 2017-2027)
- Gastroenterology
- Oncology Surgery
- Urology
- Orthopedic Surgery
- Neurosurgery
- Cardiac Surgery
Global Image-guided Therapy Systems Market End-user Spectrum (Revenue, USD Billion, 2017-2027)
- Research & Academic Institutions
- Ambulatory Surgical Centers
- Specialty Clinics
- Hospitals
Global Image-guided Therapy Systems Market Regional Analysis (Revenue, USD Billion, 2017-2027)
North America
- Canada
- United States
Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Rest of the World
Global Image-guided Therapy Systems Market Competitive Outlook (Revenue, USD Billion, 2017-2027)
- Stryker Corporation
- Olympus Corporation
- Brainlab AG
- Varian Medical Systems Inc.
- GE Healthcare
- Analogic Corporation
- Siemens Healthineers AG
- Medtronic plc
- Koninklijke Philips N.V.
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Image-guided Therapy Systems Market, by Region, 2018-2027 (USD Billion)
1.2.2. Image-guided Therapy Systems Market, by Product, 2018-2027 (USD Billion)
1.2.3. Image-guided Therapy Systems Market, by Application, 2018-2027 (USD Billion)
1.2.4. Image-guided Therapy Systems Market, by End-Use, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Image-guided Therapy Systems Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Image-guided Therapy Systems Market Dynamics
3.1. Image-guided Therapy Systems Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Image-guided Therapy Systems Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Image-guided Therapy Systems Market, by Product
5.1. Market Snapshot
5.2. Global Image-guided Therapy Systems Market by Product, Performance - Potential Analysis
5.3. Global Image-guided Therapy Systems Market Estimates & Forecasts by Product 2017-2027 (USD Billion)
5.4. Image-guided Therapy Systems Market, Sub Segment Analysis
5.4.1. Ultrasound Systems
5.4.2. Computed Tomography (CT) Scanners
5.4.3. Positron Emission Tomography (PET)
5.4.4. Endoscopes
5.4.5. Magnetic Resonance Imaging (MRI)
5.4.6. X-ray Fluoroscopy
5.4.7. Single Photon Emission Computed Tomography (SPECT)
Chapter 6. Global Image-guided Therapy Systems Market, by Application
6.1. Market Snapshot
6.2. Global Image-guided Therapy Systems Market by Application, Performance - Potential Analysis
6.3. Global Image-guided Therapy Systems Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
6.4. Image-guided Therapy Systems Market, Sub Segment Analysis
6.4.1. Cardiac Surgery
6.4.2. Neurosurgery
6.4.3. Orthopedic Surgery
6.4.4. Urology
6.4.5. Oncology Surgery
6.4.6. Gastroenterology
6.4.7. Others
Chapter 7. Global Image-guided Therapy Systems Market, by End-Use
7.1. Market Snapshot
7.2. Global Image-guided Therapy Systems Market by End-Use, Performance - Potential Analysis
7.3. Global Image-guided Therapy Systems Market Estimates & Forecasts by End-Use 2017-2027 (USD Billion)
7.4. Image-guided Therapy Systems Market, Sub Segment Analysis
7.4.1. Hospitals
7.4.2. Specialty Clinics
7.4.3. Ambulatory Surgical Centers
7.4.4. Research & Academic Institutions
Chapter 8. Global Image-guided Therapy Systems Market, Regional Analysis
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