Overview

Fluoroscopy Equipment Market Introduction

The global fluoroscopy equipment market is estimated to value over USD 4.5 billion by 2026 end and is expected to register a CAGR of over 4.1% from the forecast period 2019-2026.

Fluoroscopy Equipment Market Overview

The main factors driving the growth of the market are the benefits of FPDs over image intensifiers, increasing geriatric population, awareness activities, rising cases of chronic diseases and the use of fluoroscopy in pain management. In addition, the favorable reimbursement policy for analog radiography systems is augmenting the market growth. The rapid adoption of hand-held fluoroscopes due to its efficient facilities is creating a lucrative opportunity for the manufacturers.

The market is classified into product, application, and region. Based on products, fluoroscopy systems are expected to dominate the market. The technological advancements in fixed C-arms and growing use of fluoroscopic imaging for interventional procedures and imaging for diagnosis is spurring the market. Fluoroscope systems offer various benefits such as radiation sensitivity, optical magnification, and high portability. Furthermore, they provide better clarity and stability of images. Other advantages for opting fluoroscope systems are high portability, optical magnification, x-ray recording capability and real-time tracking of images. Such factors have bolstered the market.

Based on application, surgical applications is expected to hold vast shares of the market. Surgical applications consist of orthopaedic & trauma, cardiovascular, neurosurgeries and gastrointestinal surgeries. Growing prevalence of cardiovascular diseases has led to a demand for highly efficient diagnostic imaging tools. Fluoroscopy is most frequently performed with procedures such as coronary angiography, radiographic catheter ablation, and diagnosis electrophysiology studies. The growing number of conferences and exhibitions by prominent players and manufacturers to promote fluoroscopy instruments is stimulating the market. The growing importance of anatomy visualization in emergency medicine is also driving the market. Fluoroscopy facilities can be used during cardiac catheterization since it performs as an adjunct to examine the presence of arterial blockages.

Based on regions, North America dictates the market growth. Government initiatives to promote efficient treatment facilities is boosting the presence of the market in the region. For example, the FDA launched an initiative to reduce the radiation exposure of medical imaging. The initiative has resulted in an enhanced and efficient treatment for multiple surgeries. Growing preference of private and public healthcare organizations to promote advanced imaging instruments is resulting in more adoption of fluoroscopy instruments in the region. The rising number of obese population coupled with growing inclination towards minimally invasive surgeries have stimulated the market in the region. Asia-Pacific region is also expected to show substantial growth owing to the strong economic development of countries like China and India. The growing number of geriatric population in nations like China and Japan is playing an instrumental role in the expansion of the market in the region.

Major players of the market are Hologic, Carestream Health, ADANI Systems, Agfa-Gevaert Group, Hitachi, Ziehm Imaging, Philips, GE Healthcare, Siemens Healthineers Shimadzu and Lepu Medical Technology.

Fluoroscopy Equipment Market Segmentation:

By Product

Fixed C-arms
Fluoroscopy Systems
Mobile C-arms

By Application

Diagnostic Applications
- Cardiology
- Gastroenterology
- Urology & Nephrology
Surgical Applications
- Orthopedic & Trauma Surgeries
- Neo Surgeries
- Cardiovascular Surgeries
- Gastrointestinal Surgeries

By Region

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Competitive Landscape:

Product launches are bolstering the market. Siemens Healthineers launched Artis icono biplane in 2019. The Artis icono biplane is an angiography system which consists of special functions for neuroradiology
Strategic collaborations aiming towards the advancements of the latest products is propelling the market. GE Healthcare signed a 7-year collaborative agreement with Temple University Health System to expand services related to radiology. The collaboration played an important role in eliminating restraints like cost control and reimbursement related to medical imaging.

FutureWise Key Takeaways

Latest technological advancements in the form of rotational angiography, flat-panel detector integrated with computed tomography will play an instrumental role in the expansion of the market
Surgical procedures are expected to grow substantially owing to benefits such as higher visibility, dose reduction, and minimal trauma and invasion
Orthopedics segment is anticipated to witness substantial growth owing to the rising adoption of fluoroscopy instruments in urgent care clinics, imaging centers, and orthopedic clinics

Objectives of the Study:

To provide with an exhaustive analysis on the global fluoroscopy equipment market by product, by application and by region
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America and Middle East & Africa
To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
Profiling of companies to evaluate their market shares, strategies, financial and core competencies