Digital fluoroscopy systems are medical imaging devices that produce real-time moving images of internal structures of the body using X-ray technology. Digital fluoroscopy systems are used in various medical procedures such as angiography, urology, cardiology, and orthopaedics. Angiography is a medical imaging technique used to visualize the inside, or lumen, of blood vessels and organs of the body, with particular interest in the arteries, veins, and the heart chambers. The rising number of angiography procedures globally is one of the key drivers estimated to propel the growth of the digital fluoroscopy system market during the forecast period.

The global digital fluoroscopy system market is estimated to be valued at US$ 2.01 Bn in 2023 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics

The rising number of angiography procedures across the globe is one of the major drivers estimated to propel the growth of the global digital fluoroscopy system market over the forecast period. According to the European Society of Cardiology, cardiovascular diseases are the number one cause of death globally, with over 17.9 million deaths each year. As angiography is an important imaging technique used for diagnostic and therapeutic cardiovascular interventions, the increasing prevalence of cardiovascular diseases is expected to drive the demand for digital fluoroscopy systems for angiography procedures. Moreover, technological advancements such as flat panel detectors that provide high-resolution images are also estimated to support the growth of the market during the forecast period. However, issues related to occupational radiation exposure associated with fluoroscopy procedures may hamper market growth.

SWOT Analysis
Strength: Digital fluoroscopy systems offer real-time imaging and high image resolution which allows surgeons to perform complex surgeries with more precision. They provide better diagnostic capabilities compared to traditional fluoroscopy with features like digital imaging, high image quality, and dose reduction. Their automated positioning, easy operation, and digital connectivity enable efficient surgical workflows.
Weakness: The high costs associated with digital fluoroscopy systems is a major barrier for their adoption in budget constrained hospitals of developing nations. Dependence on technical experts for handling advanced features is another limitation.
Opportunity: Growing geriatric population and rising prevalence of chronic diseases is fueling the demand for minimally invasive surgeries using digital fluoroscopy guidance. Increasing investments by healthcare facilities to upgrade outdated fluoroscopy equipment also presents an opportunity. Rise of medical tourism in emerging markets can further boost sales.
Threats: Significant price reductions of refurbished analog machines act as a cheaper substitute. Stringent regulations surrounding radiation exposure limits the system upgrades. Economic slowdowns can negatively impact the hospital capital equipment purchases.

Key Takeaways

Global Digital Fluoroscopy System Market Size is expected to witness high growth. Regional analysis related content comprises North America presently holds the largest share of the market due to factors like rapid technological advancements, supportive reimbursement policies and strong healthcare infrastructure in countries like the US and Canada. Asia Pacific is anticipated to grow at the fastest pace during the forecast period owing to rising medical tourism, increasing healthcare spending and growing geriatric population.

Key players operating in the digital fluoroscopy system market are Philips Healthcare, GE Healthcare, Siemens Health, Toshiba Medical Systems, Shimadzu Medical, Ziehm Imaging, Hitachi Medical Systems, Orthoscan Inc. and Hologic Corporation. These key manufacturers are focusing on new product launches with advanced features and geographic expansion strategies to strengthen their market presence. For instance, Philips Healthcare launched Zenition mobile C-arm in 2021 for minimally-invasive surgery applications.

The global digital fluoroscopy system market is expected to grow from US$ 2.01 Bn in 2023 to US$ 3.83 Bn by 2030, expanding at a CAGR of 6.0% during the forecast period. Rising prevalence of chronic disorders, increasing volume of complex surgeries and gradual replacement of legacy fluoroscopy systems will primarily drive the market in coming years.

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