Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.31 Billion | USD 3.39 Billion | 5.9% | 2021 |
FrequentlyAsked Questions
The rising incidence of chronic diseases including cancer, cardiovascular, and respiratory disorders is propelling the industry forward globally. The advancement of image-guided therapies has the potential to drastically reduce medical expenses while also improving the standard of care. All these factors are expected to contribute to the growth of the market.
According to the Zion Market Research report, the global image-guided therapy systems market was worth about 2.31 (USD billion) in 2021 and is predicted to grow to around 3.39 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 5.9 percent.
North America will continue to dominate the image-guided therapy systems market throughout the projected period. This is due to the region's broad adoption of technologically advanced medical equipment and the availability of a favorable reimbursement environment. Other factors driving market expansion include the rising prevalence of chronic illnesses and the increasing demands for less invasive operations. The growing number of ambulatory surgical facilities across the area is also driving the market.
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.
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