Surgical Imaging Market Size, Share, Trends, Growth 2030

Surgical Imaging Industry Prospective:

The global surgical imaging market size was worth around USD 5.5 billion in 2021 and is predicted to grow to around USD 9.6 billion by 2030 with a compound annual growth rate (CAGR) of roughly 6.5% between 2022 and 2030.

The report analyzes the global surgical imaging market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the surgical imaging market.

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Surgical Imaging Market: Overview

Surgical imaging is used to diagnose, plan, navigate intraoperatively, and evaluate patients with particular medical disorders. Fluoroscopy, ultrasound, X-rays, computed tomography (CT), magnetic resonance imaging (MRI), magnetic resonance (MR) guided radiation therapy, and radionuclide procedures are among the medical modalities used. These modalities give critical information, allowing physicians to conduct difficult surgical procedures with improved ergonomics, efficiency, and safety. Technological breakthroughs in recent years have led to the creation of miniaturized spectrum imaging sensors capable of operating in multispectral imaging (MSI) and hyperspectral imaging (HSI) regimes.

Key Insights

• As per the analysis shared by our research analyst, the global surgical imaging market is estimated to grow annually at a CAGR of around 6.5% over the forecast period (2022-2030).
• In terms of revenue, the global surgical imaging market size was valued at around USD 5.5 billion in 2021 and is projected to reach USD 9.6 billion, by 2030.
• The increasing prevalence of chronic disease and the increasing number of surgeries across the globe are expected to fuel market expansion over the forecast period.
• Based on the device, the c-arm segment is expected to grow at the highest CAGR over the forecast period.
• Based on the application, the cardiovascular segment is growing at a substantial rate over the forecast period.
• Based on region, the North American region is expected to dominate the market during the forecast period.

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Surgical Imaging Market: Growth Drivers

The increasing prevalence of chronic disease coupled with the growing geriatric population drives the market growth

The increasing prevalence of chronic disease coupled with the growing geriatric population across the globe is expected to drive the global surgical imaging market during the forecast period. Chronic diseases such as cancer, cardiovascular and others are increasing owing to the changing lifestyle. For instance, in 2019, 9.6 million men and 8.9 million women died from cardiovascular disease worldwide, with more than six million of them aged 30-70. The highest number of deaths was recorded in several of the world's most populous countries, including China, India, Russia, the United States, and Indonesia. In addition to this, according to the United Nations Database on World Population Ageing 2020, the global geriatric population is expected to grow from 727 million in 2020 to 1.5 billion by 2050. Thus, these facts supported the market expansion during the forecast period.

Surgical Imaging Market: Restraints

High cost of equipment hampering the market growth

Mobile c-arms have more advanced capabilities and functionality, hence they are much more expensive than other traditional image intensifiers. C-arms are available in a variety of models that are tailored to meet the needs of an organization. The models integrate unique technologies such as image processing software, 3-D navigation assistance, and touchscreen interfaces, among others, to improve system capabilities and image quality. Mini c-arms, compact c-arms, and full-size c-arms are among the versions available on the market, with prices ranging from USD 10,000 to USD 90,000 and up, depending on features, size, functionality, and purpose. Furthermore, in addition to installation and setup fees, these systems necessitate extra charges such as service and maintenance fees, as well as the cost of purchasing printers and DICOM boxes, which dramatically escalates overall ownership costs. Many small and medium-sized hospitals find it difficult to purchase such expensive equipment due to high capital investment, which is projected to limit the adoption of c-arms technology in such institutions and restrain market growth to some extent over the forecast period.

Surgical Imaging Market: Opportunities

Increasing preference for advanced technology over traditional one is expected to provide lucrative opportunity

C-arms are sophisticated x-ray-based medical imaging devices that are frequently utilized in difficult surgical, orthopedic, cardiology, neurologic, pain management, and emergency operations. A flat panel detector or image intensifier and a generator, which is also referred to as an X-ray source, make up a mobile fluoroscopic system, also referred to as a portable or mobile c-arm. Due to the numerous benefits afforded by the latter in terms of image quality, reduced radiation doses, and durability, there has been a significant shift in recent years toward the use of digital flat panel detectors over traditional image intensifiers in c-arm technology. Due to these benefits, the majority of market players are concentrating on developing c-arms technology with flat panel detectors and upgrading their software programs, which are elements that are anticipated to present profitable opportunities for global surgical imaging market development.

Surgical Imaging Market: Challenges

Ionizing radiation acts as a major challenge to the market growth

The harmful effect of ionizing radiation during medical procedures acts as a major challenge for the market growth over the forecast period. The extremely low amounts of radiation exposure from imaging procedures may have both short- and long-term effects. Cell DNA can be harmed by ionizing radiation, although with the small doses employed in each imaging process, cells are typically able to repair this damage. Thus, high ionizing radiation hinders the market growth.

Surgical Imaging Market: Segmentation

The global surgical imaging market is segmented based on the device, modality, application, end-user, and region

Based on the device, the global market is bifurcated into endoscopy, laparoscopy, angiography, c-arms, and surgical navigation systems. The c-arm segment is expected to grow at the highest CAGR during the forecast period. One of the most significant advantages of c-arms is the ability to move around the patient to achieve the best possible angle for a high-quality image while keeping the patient comfortable. Furthermore, mobile C-arms can be deployed in many operating rooms.

The size and cost of the currently available mobile c-arm systems vary substantially depending on the capability supplied for the procedures. Mini c-arm systems are also included in the mobile c-arms segment. Mini c-arms are specifically intended for extremities imaging and have a smaller footprint as well as greater mobility than full-size c-arms. Extremity surgeons, such as orthopedic doctors, employ them to image the feet, ankles, wrists, hands, knees, and elbows. In these circumstances, a tiny c-arm system saves space, money, and time while still providing acceptable image quality at a low dose. Thus, driving segmental growth.

Based on application, global surgical imaging is categorized into neurosurgeries, cardiovascular, orthopedic and trauma, gynecological, ophthalmological, thoracic, urologic, and others. The cardiovascular segment is growing at a substantial rate over the forecast period due to the increased global prevalence of sedentary lifestyle-related diseases and cardiovascular disorders, as well as the growing geriatric population. Additionally, this segment's revenue growth is anticipated to be fueled by an increase in the number of complicated surgeries performed to treat heart failure, and congenital heart disease, as well as to perform heart transplants, heart valve surgery, transcatheter aortic valve replacement, and implant ventricular assist devices. This segment's revenue growth is anticipated to be aided by an increase in the use of c-arm imaging systems to help surgeons safely perform surgical procedures by allowing them to see anatomical structures and coronary anatomy during operations.

Recent Developments:

• In September 2022, Olympus Corporation announced the launch of VISERA ELITE III, its newest surgical visualization platform that addresses the needs of healthcare professionals (HCPs) for endoscopic procedures across multiple medical disciplines. VISERA ELITE III offers various imaging functions, all supported in one system enabling minimally invasive therapies such as Laparoscopic Colectomy and Laparoscopic Cholecystectomy. Future software upgrades will advance surgical imaging technology and allow for individual configurations that facilitate seamless support of various surgical applications leading to a reduction in investment costs. VISERA ELITE III will be available in Europe, the Middle East & Africa (EMEA), parts of Asia, Oceania, and Japan in September 2022 or later.
• In March 2022, Siemens Healthineers showcased the latest products and technologies in radiology at 74th National Conference, IRIA 2022, Bengaluru, India. Reiterating the need to be at the center of clinical decision-making across the full healthcare spectrum, Siemens Healthineers introduced its unique solutions in MRI and CT portfolio- MAGNETOM Free.Star and NAEOTOM Alpha®.

Surgical Imaging Market Report Scope:

Surgical Imaging Market: Regional Analysis

North America is expected to dominate the market during the forecast period

North America is expected to dominate the global surgical imaging market during the forecast period. The growth in the region is attributed to the growth in the number of surgeries performed, a developed medical & healthcare infrastructure, advantageous reimbursement rules, more government & nonprofit organizations participating in health-related activities, and a growing use of advanced imaging technology. Additionally, the region's market is anticipated to grow in terms of revenue due to the presence of numerous leading vendors, an increase in the number of strategic alliances among them, and rising investments in the development of technologically cutting-edge c-arm imaging systems. For instance, in November 2020, FUJIFILM Medical Systems U.S.A., Inc., a leading provider of diagnostic imaging and medical informatics solutions, entered the surgical and fluoroscopy markets with two new systems: the Persona C Surgical C-Arm and Persona RF PREMIUM System. These systems can provide digital x-ray imaging studies and fluoroscopy exams, allowing physicians to enhance workflow and assess their patient's conditions.

Besides, the Asia Pacific market is expected to grow at the highest CAGR during the forecast period. The growth in the region is attributable to the rise in the prevalence of numerous gastrointestinal, cardiovascular, and orthopedic disorders, an increase in the number of imaging facilities, and an increase in the number of minimally invasive surgical procedures. For instance, according to secondary sources, after cancer and pneumonia, cardiovascular disease, which includes heart attacks and strokes, is the third biggest cause of death in Hong Kong in 2019. Thus, the growing incidence of CVD in the Asia Pacific region is attributed to the market growth over the forecast period.

Surgical Imaging Market: Competitive Analysis

The global surgical imaging market is dominated by players like:

• Medtronic plc
• Koninklijke Philips N.V.
• Hologic Inc.
• GENORAY Co. Ltd.
• GE Healthcare
• Eurocolumbus s.r.l
• Allengers Medical Systems Ltd
• Ziehm Imaging GmbH.
• Whale Imaging Inc.
• Toshiba Medical Systems Corporation
• Siemens Healthineers AG
• Shimadzu Corp.
• Orthoscan

The global surgical imaging market is segmented as follows:

By Device

• Endoscopy
• Laparoscopy
• Angiography
• C-arms
• Surgical Navigation Systems

By Modality

• MRI
• X-ray
• Computed Tomography
• Optical
• Nuclear Imaging
• Ultrasounds

By Application

• Neurosurgeries
• Cardiovascular
• Orthopedic and Trauma
• Gynecological
• Ophthalmological
• Thoracic
• Urologic
• Others

By End User

• Hospitals
• Ambulatory Surgical Centers
• Academic and Research Institutes

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