Medical Imaging Segment is the largest segment driving the growth of Fluoroscopy Devices Market
The global Fluoroscopy Devices Market is estimated to be valued at US$ 4720.31 Mn or Billion in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Fluoroscopy devices utilize x-rays to obtain real-time moving images of the internal structures of the body. They are used in various medical specialties such as cardiology, gastroenterology, urology and orthopaedics. Fluoroscopy devices offer advantages such as dynamic assessment of anatomical structures and organs in real-time.
Market key trends:
One of the key trends in the fluoroscopy devices market is increasing preference for minimally invasive procedures. This is majorly attributed to advantages associated with minimally invasive surgeries such as less pain, shorter hospital stays and faster recovery times. According to the Society of American Gastrointestinal and Endoscopic Surgeons, minimally invasive surgeries reduce surgical wounds, minimize post-operative pain, and speeds up recovery in comparison to open surgeries. Thus, rising preference for minimally invasive procedures is expected to drive the demand for fluoroscopy devices over the forecast period.
SWOT Analysis
Strength: Large customer base owing to diverse applications in surgery and diagnosis. Weakness: High costs associated with digital fluoroscopy systems limit adoption. Opportunity: Growing demand for minimally invasive procedures drives the need for advanced imaging systems. Threats: Stringent regulations pertaining to radiation can restraint market growth.
Key Takeaways
Global Fluoroscopy Devices Market Size is expected to witness high growth, exhibiting CAGR of 5.9% over the forecast period, due to increasing demand for minimally invasive surgeries. The market size for 2023 is US$ 4720.31 Mn.
Regional analysis: North America dominated the global market in 2023 and is expected to remain the fastest growing region during the forecast period owing to increased Medicare and private insurance coverage and strong presence of key market players. Asia Pacific is anticipated to witness high growth rate with increasing healthcare infrastructure and rising medical tourism in countries such as India and China.
Key players operating in the Fluoroscopy Devices market are Hologic Inc., Siemens Healthcare GmbH, Shimadzu Medical, Koninklijke Philips NV, FUJIFILM Holdings Corporation, Carestream Health, Canon Medical Systems Corporation, General Electric Company (GE Healthcare), and ATON GmbH (Ziehm Imaging Inc. and OrthoScan, Inc.).
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