(MENAFN- PR Newswire) DUBLIN, Sept. 29, 2023 /PRNewswire/ -- The
"Image Guided Surgery Devices - Global Strategic Business Report" report has been added to
ResearchAndMarkets.com's offering.
The global market for Image Guided Surgery Devices, estimated at US$4.6 million in 2022, is on a growth trajectory, projected to reach a revised size of US$6.1 million by 2030. This promising expansion is expected to occur at a steady
CAGR of 3.5% over the analysis period from 2022 to 2030.
Among the segments analyzed in the report, Endoscopes stand out with a projected 4.2% CAGR, expected to reach US$2.2 million by the end of the analysis period. Meanwhile, the Magnetic Resonance Imaging segment is set to grow at a notable 3.2% CAGR over the next eight years.
The U.S. market for Image Guided Surgery Devices is estimated at US$1.4 million in 2022, demonstrating robust potential. Meanwhile, China, the world's second-largest economy, is forecasted to reach a projected market size of US$1.1 million by 2030, trailing a CAGR of 3.3% over the analysis period from 2022 to 2030. Noteworthy geographic markets also include Japan and Canada, each expected to grow at 3.2% and 2.7%, respectively, over the 2022-2030 period. Within Europe, Germany is anticipated to grow at approximately 2.5% CAGR.
Key Competitors in the Image Guided Surgery Devices market include:
7D Surgical Inc.
Abbott Laboratories
Accuray Incorporated
Allengers
Analogic Corporation
Brainlab AG
FUJIFILM Holdings Corporation
GE HealthCare
IMRIS, Deerfield Imaging, Inc.
KARL STORZ SE & Co. KG
Koninklijke Philips N.V.
Medtronic plc
Nanjing Perlove Medical Equipment Co., Ltd.
Olympus Corporation
OnLume Inc.
Quest Medical Imaging B.V.
Siemens Healthineers AG
Stryker Corporation
Economic Outlook:
The global economic outlook is showing signs of improvement, with expected growth recovery for the coming year. Despite some challenges, the United States has overcome the recession threat, and Europe is experiencing an easing of headline inflation, contributing to economic activity. China is also expected to see strong GDP increases as the pandemic threat recedes.
However, challenges such as uncertainty surrounding the war in Ukraine, persistent food and fuel inflation in developing countries, and high retail inflation continue to impact consumer confidence and spending. Governments are working to combat inflation by raising interest rates, which may impact job creation and economic activity.
Despite these challenges, the rise of new technologies, including AI, machine learning, Web3, and quantum technologies, presents opportunities for global growth. These technologies have the potential to drive significant incremental growth and value to global GDP in the coming years.
In this dynamic environment, businesses and leaders who demonstrate resilience and adaptability will find opportunities for success.
What`s New?
Special discussions on the global economic climate and market sentiment Coverage on global competitiveness and key competitor percentage market shares Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial Online interactive peer-to-peer collaborative bespoke updates Access to digital archives and trademarked research platform Complimentary updates for one year Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Image-Guided Surgery: A Brilliant Advancement in Surgical Space IGS Applications Image-Guided Surgery Devices: The Lifeblood of Medical Imaging & Surgery Image-Guided Surgery Tools Facilitate Navigation Impact of Covid-19 and a Looming Global Recession War & Inflation Supersede COVID-19 as Major Downside Risks for the Global Economy in 2023 & Beyond Here's How Inflationary Pressures Affect the Economy Russia-Ukraine War, the Primary Culprit Responsible for the Hardships Stubbornly High Inflation to Single Handedly Drag Down Global Growth Here's What's Causing the Current Spike in Inflation War-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation in 2022 to the Highest Level Seen Since 1996: Global Inflation Rates (In %) for the Years 2019 Through 2024 War, Global Inflation, Cost of Living Crisis, Failed Fiscal Policy Attempts to Restore Price Stability & Contain Downside Risks to Result in Sharper-Than-Expected Slowdown in Global Economic Growth: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023 Recession Triggered by Uncontrolled Inflation or Unemployment, Which is the Greater Evil? Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2023 Shaken by the War, Global Oil Prices Spiral and Feed Inflationary Pressures, Guiding the World Towards a Cost of Living Crisis: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2023 Impact of COVID-19 on Image Guided Surgery Devices Competitive Landscape Players Bet on Product Innovation to Gain in Image Guided Surgical Devices Market Image Guided Surgery Devices - Global Key Competitors Percentage Market Share in 2023 (E) Global Market Prospects and Outlook Global Image Guided Surgery Devices Market Set to Witness Robust Growth Endocopes, Cardiac Surgery & Hospitals: Star Segments of Image Guided Surgical Devices Market Neurosurgery to Witness Fastest Growth Hospitals Command Major Revenue Stake North America Claims Commanding Stake on Image Guided Surgery Devices Market Strong Contribution from Emerging Economies Select Trends in the Use of IGS Tools Recent Market Activity Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Increasing Prevalence and Incidence of Chronic Diseases Drives Demand for Image Guided Surgery Devices Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040 Fatalities by Heart Conditions: Estimated Percentage Breakdown for Cardiovascular Disease, Ischemic Heart Disease, Stroke, and Others Global Annual Medical Cost of CVD in US$ Billion: 2010, 2015, 2020, 2025 and 2030 Growing Preference for Minimally-invasive Procedures to Benefit Image-guided Systems Global Minimally Invasive Surgery Market in US$ Billion for the Years 2020, 2022, 2024 and 2026 An Aging Global Population and Subsequent Need for Healthcare Fuels Demand for Image-Guided Surgery Devices Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050 Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030 Improving Healthcare Expenditure Bodes Well for Market Growth World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023 Driven by Rising Adoption of MRI Systems, Image Guided Surgery Devices Market Poised for Strong Gains Promising Outlook for Interventional Ultrasound Systems Bodes Well for Market Growth CT-Guided Interventional Procedures Continue to Gain Prominence Increasing Number of Interventional Cardiology Procedures Drive Demand for Image-Guided Surgery Devices Interventional Angiography Systems: Growing Role in Cath Labs Image-Guided Surgery Devices Find Increased Demand in Spine Surgery & Endoscopic Sinus Surgery Technological Advancements Create Market Opportunities Image-Guided Therapy Gets Intertwined with Amazing Advances to Break New Grounds Recent Product Launches and Innovations Drive Market Expansion Select Innovations Initiatives to Push Universal Access to Image-Guided Therapy Targeting Rural Areas across China New Cardiology Units to Serve Tier-II & III Cities in India Focus on Outpatient Settings in US Increasing Awareness for Minimally-Invasive Treatments The Integration of Robotics with Image-guided Surgeries Spurs Market Growth
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
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