Surgical Imaging Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Surgical Imaging Market is segmented By Product Type(O-Arms, C-Arms, G-Arms, Imaging Accessories, Others), By Technology (Flat Panel Detectors, Image Intensifier, Others), By Application(Neurological Imaging, Orthopaedic, and Trauma Imaging, Cardiovascular Imaging, Gastrointestinal Imaging, General Surgery Imaging, Urological Imaging, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

Surgical Imaging Market Overview

The Global Surgical Imaging Market size reached USD 2,047.3 million in 2022 and is projected to witness lucrative growth by reaching up to USD 3,330.5 million by 2030. The global surgical imaging market is expected to exhibit a CAGR of 6.4% during the forecast period (2023-2030). Surgical imaging is extensively used in various procedures such as orthopedic procedures, including joint replacements, fracture fixation, and spinal surgeries.

Preoperative planning, intraoperative guiding, and postoperative evaluation of surgical outcomes are all aided by imaging techniques like X-ray, CT scan, and MRI. Neuronavigation devices ensure appropriate surgical intervention while minimizing injury to adjacent healthy tissue. 

Surgical Imaging Market Scope

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Surgical Imaging Market  Dynamics

Increasing Surgeries Around The World Are Driving The Global Surgical Imaging Market Growth.

As per the article published in npj Digital Medicine in 2022, with more than 330 million procedures carried out each year, surgery is a crucial component of healthcare systems globally. According to the Lancet Commission on Global Surgery, 143 million extra operations are required annually to "save lives and prevent disability.

Surgery accounts for nearly one-third of U.S. healthcare spending, and advances in perioperative care and the development of minimally invasive techniques have made surgeries more successful.

Furthermore, laparoscopic liver resection is becoming increasingly common in lower-volume centers across Italy as a result of the rising demand for minimally invasive surgeries.

The High Cost Of Equipment For Imaging Systems Is Hampering The Global Surgical Imaging Market Growth

Surgical imaging equipment incorporates cutting-edge technologies, such as high-resolution cameras, sophisticated sensors, advanced optics, and image processing algorithms. These technologies enable detailed visualization, real-time imaging, and advanced diagnostic capabilities. The incorporation of such advanced features and components contributes to the higher cost of the equipment. 

Surgical Imaging Market Segment Analysis

The global surgical imaging market is segmented based on product, technology, modality, application, end-users, and region.

The Orthopedic And Trauma Imaging Segment Is Expected To Hold A Dominant Position In The Market Over The Forecast Period.

The orthopedic and trauma imaging segment accounted for the highest market share accounting for approximately 43.5% of the surgical imaging market in 2022. With the help of trauma and orthopedics imaging, there has been substantial advancement in the past 20 years in the treatment of trauma patients in the accident and emergency departments.  

Furthermore, in February 2023, PeekMed, a provider of technological solutions for orthopedics, a new web-based automated planning solution has been introduced by orthopedic technology. The US Food and Drug Administration (FDA) granted 510(k) clearance for the innovative solution, which uses deep learning and artificial intelligence to improve orthopedic surgery across the board. 

Source: DataM Intelligence Analysis (2023)

Surgical Imaging Market Geographical Penetration

North America Holds A Dominant Position In The Global Surgical Imaging Market.

North America is estimated to hold around 39.9% of the total market share throughout the forecast period. The increasing number of surgeries, healthcare facilities, and active regional key players drive the market in the North American region. For instance, in May 2022, the Topaz Tricuspid Heart Valve Replacement System was introduced by TRiCares in Canada. 

Moreover, in November 2022, a variety of endoscopic imaging devices from OptoMedic were on display at the MEDICA 2022 trade show for medical technology. FloNavi 3100 Series fluorescence open surgical imaging equipment including Colour Scale FL Mode, which can better depict the fluorescence concentration and tumor border with ultra-high sensitivity, will be on display at OptoMedic's exhibit at MEDICA 2022. 

Source: DataM Intelligence Analysis (2023)

Surgical Imaging Companies 

The major global players in the market include GE Healthcare, Medtronic Plc., Siemens Healthineers AG, Thales Group, Shimadzu Corporation, Hitachi Ltd, Koninklijke Philips N.V., Ziehm Imaging GmbH, OrthoScan Inc., and Genoray Co. Ltd. among others.

COVID-19 Impact on Surgical Imaging Market 

Russia Ukraine Conflict Analysis

The Russia-Ukraine war may affect the surgical imaging market due to surgical procedures and healthcare facilities being impacted during times of geopolitical instability and economic uncertainty. Millions of residents have been displaced by the ongoing war in Ukraine, which has caused essential infrastructure to be destroyed, and the demand for neurosurgical treatment has increased significantly. 

Artificial Intelligence Analysis:

Artificial intelligence (AI) is increasingly being used in the surgical imaging market to improve various aspects of the customer experience. In order to identify and categorize anatomical features, tumors, lesions, or abnormalities, AI algorithms can examine medical images such as CT scans, MRI scans, and ultrasound images. Automating image segmentation, locating certain areas of interest, and measuring various metrics are all made easier with AI. This aids in preoperative planning, accurate targeting, and treatment evaluation for both radiologists and surgeons.

Key Developments

• In July 2022, Siemens Healthineers, a medical technology company, received approval from the FDA for the ARTIS iconic ceiling, a ceiling-mounted C-arm angiography system developed for a broad range of routine and advanced procedures in interventional radiology and cardiology.
•  In April 2022, Wipro GE Healthcare, a medical technology company, introduced its next-generation Revolution Aspire CT (Computed Tomography) scanner.

Why Purchase the Report?

• To visualize the global surgical imaging market segmentation based on the product, technology, application, modality, end-users, and region and understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of surgical imaging market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global surgical imaging market report would provide approximately 77 tables, 82 figures, and 195 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies