Fluoroscopy Devices Market Size
Fluoroscopy is a technique of medical imaging that displays continuous X-ray image on a monitor. An X-ray pulse is sent through the body during a fluoroscopy procedure, and the image is then sent to a camera for thorough study of how a body component, an instrument, or a contrast agent moves about the body. Fluoroscopy is a type of imaging that aids in the diagnosis of diseases and directs medical professionals during specific therapeutic operations.
Market Highlights
The Fluoroscopy Devices Market is expected to project a notable CAGR of 5.2% in 2032.
Fluoroscopy Devices Market is expected to surpass USD 9.10 billion by 2032 from USD 6.24 billion in 2021 at a CAGR of 5.2% in the coming years, i.e., 2022-32. A growing population and the increasing number of orthopaedic and angiographic procedures are considered to be major growth factors for the fluoroscopy equipment industry. In the upcoming years, it is anticipated that technological advancements, such as the integration of image intensifiers and fluoroscopes with magnification, as well as rotational angiography with computed tomography (CT) and thallium-doped caesium iodide, will further accelerate the industry's growth.
Fluoroscopy Devices Market: Segments
The Fixed fluoroscopy devices segment is expected to grow with a higher CAGR during 2022-32
Fluoroscopy Devices Market is categorized on the basis of Product Type into Fixed Fluoroscopy devices, C-arm. In 2021, fluoroscopy equipment had the biggest market share. This segment's dominating market share is thought to be a result of its widespread use in treatments like image-guided biopsies, angiography, and discography. Fluoroscopy equipment has many advantages that contribute to its dominance in the market, including high portability, radiation sensitivity, X-ray recording capability, optical magnification, and reduced levels of scattered radiation. Additionally, fluoroscopy equipment is less impacted by body surfaces, producing images with improved clarity, stability, and real-time tracking.
The Cardiovascular segment is expected to grow with a higher CAGR during 2022-32
Fluoroscopy Devices Market is categorized on the basis of disease pathology into Gastrointestinal, Urology, Orthopedic, Cardiovascular, Pain Management and Trauma, Neurology, General Surgery and Others. In 2021, the market was dominated by the category of Cardiovascular diseases. Fluoroscopy is utilised during cardiac catheterization to enable the medical professional see blood flow via the coronary arteries to check for arterial obstructions, which is projected to further accelerate market expansion.
Market Dynamics
Growth Drivers
Rising cases of chronic devices and increased use of healthcare equipment is driving growth
One of the main causes driving the need for fluoroscopy equipment is the rising prevalence of chronic disorders like diabetes, cancer, and heart disease. The market for fluoroscopy equipment is expanding as a result of the use of this technology to boost productivity and maximum return on investment. Similar to how the proportion of older people is growing in various nations throughout the world, the use of fluoroscopy equipment in the healthcare industry is expanding. Additionally, the rise in operations brought on by age-related illnesses, non-communicable diseases, and chronic conditions has created significant growth possibilities for the worldwide fluoroscopy equipment market.
Technological improvements are expected to surge demand
Healthcare providers are shielded from secondary radiation exposure by the amplification and general effectiveness of current fluoroscopy equipment. Additionally, it offers superior 3D capabilities that enable low-radiation dosage minimally invasive (MI) imaging of patients. This is expanding the use of fluoroscopy equipment in various diagnostic tests and treatments, combined with the growing need for interventional radiology (IR) due to the rising prevalence of chronic diseases and a significant rise in the need for MI techniques.
Restraint
Lack of experienced workers and high equipment cost is likely to hamper the Market Growth
The lack of experienced workers needed to handle devices and conduct research operations will provide substantial obstacles for the global industry for Fluoroscopy Devices. Additionally, higher cost for equipment is also likely to hamper the global market.
Fluoroscopy Devices Market:
Key Players
- Hitachi Ltd.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
- Agfa-Gevaert Group
- Toshiba Medical Systems Corporation
- Canon Medical Systems
- Siemens Healthineers
- Ziehm Imaging GmbH
- Koninklijke Philips N.V.
- ADANI Systems Inc.
- GE Healthcare
- Shimadzu Corporation
- Other Prominent Players
Fluoroscopy Devices Market: Regions
Fluoroscopy Devices Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. In 2021, North America had the largest share in the market of Fluoroscopy Devices. Due to the rise in target diseases like cardiovascular disease, orthopaedic conditions, lung diseases, and other conditions, as well as the rising geriatric population who are more likely to develop chronic conditions. Government initiatives regarding promotion of efficient treatment facilities is also likely to promote growth in the North American region.
Impact of Covid-19 on Fluoroscopy Devices Market
Lockdowns across the country, laws, and the ongoing rise in infection rates across many nations have had a significant financial impact on neurology hospitals and clinics. As a result of COVID-19, many hospitals and clinics have seen a decline in patient visits, which has decreased client engagement. The COVID-19 situation has also caused numerous diagnostic procedures using fluoroscopic equipment to be postponed. In addition, hospitals all around the world have cancelled or delayed a number of diagnostic procedures, particularly those thought to be unnecessary or non-urgent, to free up limited room for those receiving viral treatment. Additionally, the market for fluoroscopy equipment is negatively impacted by the shortage of medical professionals around the world.
Fluoroscopy Devices Market is further segmented by region into:
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Fluoroscopy Devices Market report also contains analysis on:
Fluoroscopy Devices Market Segments:
- By Product Type
- Fixed Fluoroscopy devices
- C-arm
- By Disease Pathology
- Gastrointestinal
- Urology
- Orthopedic
- Cardiovascular
- Pain Management and Trauma
- Neurology
- General Surgery
- Others
- Fluoroscopy Devices Market Dynamics
- Fluoroscopy Devices Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
Fluoroscopy Devices Market Report Scope and Segmentation
|
Report Attribute |
Details |
|
Market Size Value in 2021 |
USD 6.24 billion |
|
Revenue Forecast in 2032 |
USD 9.10 billion |
|
Growth Rate |
CAGR of 5.2% from 2022 to 2032 |
|
Base Year for Estimation |
2021 |
|
Quantitative Units |
Revenue in USD billion and CAGR from 2022 to 2032 |
|
Report Coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
|
Segments Covered |
Product Type, Disease Pathology and Region |
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
|
Key Companies Profiled |
Hitachi Ltd., Agfa-Gevaert Group, Toshiba Medical Systems Corporation, Canon Medical Systems, Siemens Healthineers, Ziehm Imaging GmbH, Koninklijke Philips N.V., GE Healthcare, Shimadzu Corporation and Other Prominent Players |
Frequently Asked Questions (FAQ):
The Fluoroscopy Devices Market size was estimated at USD 6.24 billion in 2021 and is expected to reach USD 9.10 billion in 2032.
Fluoroscopy is a technique of medical imaging that displays continuous X-ray image on a monitor. An X-ray pulse is sent through the body during a fluoroscopy procedure, and the image is then sent to a camera for thorough study of how a body component, an instrument, or a contrast agent moves about the body.
The Cardiovascular and fixed fluoroscopy devices segments accounted for the larger share of the Fluoroscopy Devices Market.
Key players in the Fluoroscopy Devices Market are Hitachi Ltd., Siemens Healthineers, Ziehm Imaging GmbH, Koninklijke Philips N.V., GE Healthcare, Shimadzu Corporation and Other Prominent Players
The government's increased investment in R&D and the demand for early diagnoses are anticipated to fuel market expansion.
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