The Global Market for Fluoroscopy and Mobile C-Arms is Projected to Exceed US$2.8 Billion by 2024
Aging
Population and Technological Innovations Drive the Global Fluoroscopy and
Mobile C-Arms Market, According to a New Report by Global Industry Analysts, Inc.
GIA launches comprehensive analysis of industry
segments, trends, growth drivers, market share, size and demand forecasts on
the global Fluoroscopy and Mobile C-arms market. The global market for Fluoroscopy and Mobile C-arms is projected to exceed
US$2.8 billion by 2024, driven by aging population
and technological innovations such as enhanced images and reduced dosing.
Fluoroscopy is one of the most widely used medical
diagnostic technologies worldwide. Fluoroscopy and mobile C-arm equipment is a
part of medical imaging equipment industry that comprises Ultrasound imaging, Computed
Tomography, MRI, PET, X-Ray, and other Patient Monitoring modalities. Unlike X-ray machines, Fluoroscopy and Mobile
C-arm equipment generate real-time visuals of the body parts for assisting
medical professionals in surgical procedures. These machines, therefore, are
used for minimally-invasive imaging for procedures, such as the insertion of
intravenous catheters, cardiac catheterization, lumbar puncture, and biopsies,
besides finding application in orthopedic procedures, such as in arthrography
and barium X-rays. The development of C-arms enabled two-dimensional imaging,
providing surgeons with real-time visuals of internal organs during minimally
invasive surgical procedures.
Technological innovations represent a major growth
driver for the global fluoroscopy and mobile C-arm, with the launch of
sophisticated and more cost-efficient versions, driving market adoption and
penetration. The introduction of highly advanced fluoroscopy and mobile C-arms
systems, which provides enhanced image resolution, along with radiation dose
reduction, is also expected to trigger demand as the global economy improves.
The recent launch of fluoroscopy equipment with integrated flat detectors is
expected to emerge as a game changer for the fluoroscopy and mobile C-arms
market, with the new equipment delivering superior quality images, free from
blurring and distortions at low radiation dosage levels. The market is also
witnessing active sales of second-hand refurbished equipment. The refurbished
and used equipment continue to demonstrate upward needle movement as a
smothered global economy nudges financially-strapped consumers to reduce
expenditure and seek out pre-used equipment for their healthcare units. Customers
are also leveraging digital images for other workflow and clinical
enhancements. However, with consumers, on an average, expecting their diagnostic imaging equipment to serve them for as
long as 10 to 15 years, widespread conversion to digital is expected to be a
long drawn-out process; and even in the used digital equipment segment, lofty
costs are proving to be a deterrent to buyers.
Aging population is driving the need for medical
procedures, such as arthrography, cardiac catheterization, intravenous
catheterization, biopsies, lumbar puncture, and orthopedic surgeries, which
make use of minimally-invasive imaging instruments, such as fluoroscopy and
mobile c-arms. The relatively affluent aging populace in the U.S. is demanding
better standards of healthcare to extend their active lifestyle. Similarly, the
sizable elderly societies in Europe and Japan, and the burgeoning senior
citizen population in populous countries, such as India and China, are driving
healthcare providers to expand their geriatric care infrastructure in
anticipation of this increasing demand.
As stated by the new market research report on Fluoroscopy and Mobile C-arms, Europe represents
the largest market worldwide, followed by the United States. The market in
these regions is fairly saturated, and the majority of growth likely to come
from developing markets of Asia-Pacific, Latin America, the Middle East and
Africa. Asia-Pacific is forecast to witness the fastest growth with a CAGR of 5.7%
over the analysis period. Large population with increasing access to healthcare
and growing population of elderly is leading to growth of the market in the
region.
Key players in the market include GE Healthcare,
Hologic Inc., OrthoScan Inc., Philips Healthcare, Shimadzu Corporation, Siemens
Healthineers, and Ziehm Imaging GmbH among others.
The research report titled "Fluoroscopy and Mobile C-arms: A
Global Strategic Business Report" announced by Global Industry Analysts Inc.,
provides a comprehensive review of market trends, growth drivers, innovations
and launches, and strategic industry activities of major companies worldwide.
The report provides market estimates and projections in US dollars as well as
units for all major geographic markets including the US, Canada, Japan, Europe
(France, Germany, Italy, UK, and Rest of Europe), Asia-Pacific, and Rest of
World. Product Segments analyzed and estimated in the report include
Fluoroscopy Equipment, and Mobile C-Arms (Full-Size C-Arms, and Mini C-Arms).
Global Industry
Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.
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