Global Fluoroscopy Equipment Market is Anticipated to Value Over USD 4.5 Billion by 2026 End

  • 07 Aug 2019

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.

The growing number of interventional radiology procedures which demands real-time imaging is driving the fluoroscopy market. Also, the use of CT fluoroscopy in interventional radiology has resulted in benefits like decrease in radiation dose and decreased procedure times. Such benefits have resulted in the expansion of the market. Such equipment is instrumental in the treatment of conditions like deep vein thrombosis, pulmonary embolism and varicose veins, thus propelling the market growth. The rising number of angiography and growing geriatric population is positively influencing the market. The rapid adoption of hand-held fluoroscopes due to its efficient facilities is creating a lucrative opportunity for the manufacturers.  The introduction of fluoroscopes in the field of sports medicine is also expected to boost the market over the coming years.

The market is classified into product, application, and region. Based on products, fluoroscopy systems are expected to dominate the market. Fluoroscopy systems are used in various procedures such as angiography and image-guided biopsy. In addition, increasing usage of fluoroscopes in areas such as non-destructive testing of medical devices is stimulating the market. Fluoroscope systems offer various benefits such as radiation sensitivity, optical magnification, and high portability. They also provide better clarity and image stability. Such factors have bolstered the market. Integration of advanced image intensifiers and fluoroscopes will further optimize image-guided surgical procedures, thus inflating the market.  Advancements in fluoroscopy in the form equipped control circuits for catheterization laboratories has resulted in better image quality control logic, hence expanding 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. Rising demand for the equipment to its compatible energy projects has further boosted the presence of the market. Rising cases of coronary angiography, radiographic catheter ablation, and coronary interventions are driving the market as well. Fluoroscopy equipment is widely used in surgeries related to vertebroplasty, deformity correction, and pelvic fixation. These factors have led to the massive growth of the market.

Regionally, North America is the global leader of the market. The imposition of stringent regulations alongside favorable reimbursement policy remain the key factors driving the market in the region. The growing number of government initiatives aimed at promoting efficient treatment is positively influencing the market in a country like the U.S.

Asia-Pacific region is expected to show substantial growth owing to the strong economic development of countries like China and India. Rising healthcare infrastructure and increasing prevalence of the disease is expected to bolster the presence 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.

Global 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
  • Philips in 2019 launched a mobile C-arm platform Zenition

FutureWise Key Takeaways

  • Growth Prospects
  • SWOT Analysis
  • Key Trends
  • Key data-points affecting market growth

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

 

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