Intraoperative Imaging Market to Gain Traction in the Coming Times

The sector of diagnostic imaging has observed substantial rise for neurosurgeries over the past few years. This owes to the increasing adoption of minimally invasive surgeries recently. Top-most market players across the globe are building strategic collaborations & partnerships in order to expand their business.

Colossuses such as Imris Inc. and Siemens AG collaborated for the expansion and marketing of novel intraoperative imaging CT scanners in 2013. These scanners were capable of producing high-resolution images with less radiation and exposure.

Also, the rise in preference for minimally invasive surgeries is attributing the market growth. Intensifying applications of orthopedic and neurosurgery will significantly contribute to the industry development of intraoperative imaging.

Although, lack of awareness among medical professionals and patients regarding the benefits of using diagnostic imaging is said to be the restraining factor. Also, high cost of intraoperative imaging equipment may also curb the demand for intraoperative imaging in the coming years.

The global intraoperative imaging market is currently estimated at US$ 513.9 million. Over the forecast period of 2016-2024, it is further likely to exceed at the lucrative CAGR of 9.4% and will cross 1,145.3 million in terms of revenues. Manufacturers are focusing on innovations and modernizations by launching many novel technologies and in order to expand their product portfolio, driving the market. Furthermore, several market suppliers are also emphasizing on the development of systems equipped with advanced mobility and coverage.

Neurosurgery segment to gain recognition in the coming years

Firms are also building easy to use platforms in order to support the doctors during the complex surgeries. They are also involved in demo offers and free trials to augment awareness and promote the products. Expanding demand for intraoperative devices such as CT systems and MRI will substantially fuel the systems segment in the coming years.

Key applications in the market are orthopedic & trauma surgery, cardiovascular surgery, neurosurgery, spine surgery, and others. Escalating use of minimally invasive techniques and mounting occurrence of neurological illnesses is anticipated to surge the neurosurgery segment notably. Also, the rising use of neurostimulation devices for the treatment of neurological disorders will propel the segment demand further.

Based on consumers, hospitals is the leading market currently and is likely to gain maximum revenues in the coming times. It is said that several cancer institutes across the globe will amplify their expenditure owing to the rise in demand for MRI and CT scan systems. This because their rising focus in enhancement for diagnostic and imaging approach in order to treat several cancers. This will considerably fuel the demand for intraoperative imaging systems.

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Geographical Study

Regionally, North America will lead the market for intraoperative imaging. The revenue expansion in systems segment in this region will continue during the forecast period. Canada and US-based firms such as NeuroLogica Corp., GE Healthcare, IMRIS Inc., and Medtronic Plc. are known to be the top players in intraoperative imaging market.

Europe’s market for intraoperative imaging will grow considerably and will consume significant revenues during the forecast period. Furthermore, Latin America and Asia Pacific’s sales for intraoperative systems will expand at the CAGR of 10% in the coming times.

Another top most manufacturers operating the worldwide intraoperative imaging market are Brainlab AG, Koninklijke Philips NV, Siemens AG, and Toshiba Corporation.

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