Global Image-Guided Therapy Systems Market to grow to about USD 3.39 billion by 2028

The global image-guided therapy systems market was worth around USD 2.31 billion in 2021 and is estimated to grow to about USD 3.39 billion by 2028, with a compound annual growth rate (CAGR) of approximately 5.9 percent over the forecast period

A modern and effective approach to surgeries would be with the help of image-guided therapy systems. The image framework that the doctors analyze helps them steer through the treatment methods and surgical operations without any complications. This is one of the most common diagnostic techniques which has been practiced for a long time now. All the minimally invasive surgeries happen via an image-guided therapy system and are most effective when it comes to outcomes.

The advent of this method has been very critical in improving mortality rates even for serious chronic illnesses. There is also some recent integration of computer techniques with imaging procedures which has aided medical practitioners in diagnosing and curing cancers and serious diseases. The most often used image-guided therapy systems are Ultrasound, CT scan, and MRI. Any complicated conditions and deficiencies in the body are exposed with the help of these medical procedures.

Endoscope, X-ray, and positron emission tomography are also some of the prominent image-guided therapy systems in usage. They cover various diseases, illnesses, and deficiencies along with treatment methods that go with each of them. Some prominent ones are cardiac surgery, neurosurgery, orthopedic surgery, urology, gastroenterology, oncology surgery, etc.

The impact of the pandemic was observed to be positive on the global image-guided therapy systems market growth. To reduce TAT and hospital stay, physicians preferred minimally invasive operations during this period. Further, to reduce the risk of hospital-acquired infections, image-guided and robotic procedures became more popular. This includes protection against the highly dangerous coronavirus. This pattern is likely to persist in the future. With the increased efficiency of this treatment, both emerging and developed countries are projected to increase their use of robotic surgery and image-guided surgery. As a result, the number of remote surgeries will increase in the upcoming years.

There is a considerable rise in the prevalence of chronic diseases like cancer and respiratory disorders across the world which are propelling market growth substantially. Many medical device companies are coming up with ample innovative programs to improve the performance and efficacy of surgical procedures which acts as a big booster for market expansion. The medical expenses, on the whole, have come down because of various image-guided therapies which improve the basic standard of medical care. All this contributes to the growth of the market.

Cancer is a major and prominent disease triggering a need for superior treatment measures. Image-guided therapy systems had been of great use in this arena as detection has become more efficient and effective. This offers a foundation for growth as well as gives a nudge for market growth in extremes.

The increasing need for endoscopic systems also boosts the market growth. AI-integrated endoscopy in recent times is given an incessant hike in the leverage of this treatment method. This invariably powers up the market growth of global image-guided therapy systems in totality.

However, the high cost of instruments for image-guided therapy systems and lower adaption of these methods in developing countries hinders market growth by and large. The infrastructures needed for the installation of image-guided therapy services also come at expensive prices. All of these are factors that restrain the market growth.

The global image-guided therapy systems market is categorized into product, application, end-user, and region. The product segment of the market is categorized into Positron emission tomography (PET), magnetic resonance imaging (MRI), and others. By application, the market is segregated into oncology, neurosurgery, cardiology & electrophysiology, urology, and others. The end-user segment of the market is split into hospitals, ambulatory surgery centers, and clinics

North America stands tall as the first major contributor to the global image-guided therapy systems market. The focus on technologically advanced instruments, practices, and methods has improved in this region massively. This factor drives the market growth in this region. Apart from this, the prevalence of chronic illness and diseases here have also become more prominent triggering market growth here. Ambulatory surgical procedures here have also become more prominent, which drives growth in the image-guided therapy systems market. Latin America is also following the trails of North America as a major contributor to market growth. The reason for the hike in demand here is the increasing growth of minimally invasive surgical procedures for cardiovascular and gastroenterology issues. The growing geriatric population and spike up in the leverage of endoscopic procedures have improved the market rate in the Asia Pacific region.

Key players operating in the global image-guided therapy systems market include Siemens, Koninklijke Philips N.V., FUJIFILM Holdings Corporation, General Electric Company, Medtronic, Brainlab AG, CANON MEDICAL SYSTEMS CORPORATION, Varian Medical Systems, Inc., Analogic Corporation, XinRay Systems, TOSHIBA CORPORATION, Olympus Corporation, Hitachi, Ltd., C-RAD, KARL STORZ SE & Co. KG, Elekta AB, IBA Worldwide, Isoray Inc., Mevion Medical Systems, and Accuray Incorporated, among others.

Recent Developments

• December 2021, Royal Philips, a global leader in health technology, confirmed that it has agreed to buy Vesper Medical Inc., a medical technology business located in the United States that produces minimally invasive peripheral vascular products. With a sophisticated venous stent array for treating deep venous illness, Vesper Medical will add to Philips' diagnostic and therapeutic device range.
• April 2021, Siemens Healthineers AG announced that the purchase of Varian Medical Systems, Inc. ("Varian") was completed successfully. The transaction was previously disclosed in August 2020. The company's foundations in in-vitro diagnostics, image-guided treatment, in-vivo diagnostics, and revolutionary cancer care will be strengthened by this acquisition.

Browse the full “Image-Guided Therapy Systems Market By Product (Positron Emission Tomography (PET), Magnetic Resonance Imaging (MRI), And Others), By Application (Oncology, Cardiology & Electrophysiology, Neurosurgery, Urology, And Others), By End-User (Ambulatory Surgery Centers, Hospitals, And Clinics), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data And Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/image-guided-therapy-systems-market

Global image-guided therapy systems market is segmented as follows:

By Product

• Positron Emission Tomography (PET)
• Magnetic Resonance Imaging (MRI)
• Others

By Application

• Oncology
• Cardiology and Electrophysiology
• Neurosurgery
• Urology
• Others

By End-User

• Ambulatory Surgery Centers
• Hospitals
• Clinics

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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