According to TMR, the global image guided surgery devices market will
value US$4,998.2 mn in 2025, as against its valuation of US$3,068.9
mn in 2016. Therefore, between 2017 and 2025, the global image guided
surgery devices market is likely to report a CAGR of 5.7%.
Regionally, the rising demand for minimally invasive surgeries and
various other factors have put North America at the market’s fore
in 2016. Besides this, TMR forecasts positive outlook for the market
in Europe and Asia Pacific. Based on end user, the hospitals segment
accounted for the highest share in the global image guided surgery
devices market in 2016.
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Image guided surgery devices facilitate accurate and precise
diagnosis, thus bolstering the overall treatment procedure. Because
of high level accuracy these devices offer, their usage has
significantly increased during surgeries. Besides this, image guided
devices are used as navigation systems as they guide doctors during
the planning or a surgery and assist surgeons while performing one.
Various factors are supporting the market’s expansion. For
instance, the growing awareness regarding advanced technologies and
devices has helped the market gain momentum. In addition, the market
is likely to gain impetus in response to the increase willingness
among patients and their families to spend on minimally invasive
surgeries. Furthermore, the rising incidence of cancer, ENT problems,
and osteoporosis is likely to fuel the demand for surgery devices.
Also, the market will significantly benefit from technological
advancements in healthcare facilities.
The escalating global population will have a positive impact on the
overall market. Extensive care often become a necessity for elderly
population. With age humans grow more vulnerable to illnesses. Also
their low immunity level extends the recovery time in case of
diseases. Considering this, in the coming years the demand for
effective diagnosis and therapies is likely to get stoked in the
healthcare sector. This in turn will pave way for the global image
surgery devices market’s robust growth in the near future.
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While developed regions will continue offering lucrative prospects,
the market will gain major impetus across emerging nations. In
countries such as India and China, the market witnesses major growth
potential. This is due to the expansion of the healthcare industry
and rising government investment toward sophisticating their
healthcare infrastructure. Furthermore, medical devices can be
manufactured at a reduced cost in emerging nations, without
compromising on quality, which is a key factor behind the gradual
shift of leading vendors towards emerging nations. However, due to
lack of awareness, these companies may find it difficult to penetrate
in remote areas, which could restrain the market’s growth to an
extent. Nonetheless, government initiatives taken to educate and make
people living in the rural areas aware about widespread diseases and
their possible treatments will enable growth in the global image
guided surgery devices market in the coming years.
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The rising healthcare awareness, coupled with willingness to spend on
advanced treatment will trigger growth in the global image guided
surgery devices market. As a result of expansion reported over the
years, the market is likely to witness higher competition in the near
future. Besides toying with various policies to strengthen their
global footprint, several market players are likely to take on
strategic collaborations to attain sustainable growth in the global
image guided surgery devices market. Transparency Market Research
(TMR) has identified Olympus Corporation, GE Healthcare, Koninklijke
Philips N.V., Siemens Healthineers, Brainlab AG, Analogic
Corporation, Varian Medical Systems, Inc., KARL STORZ GmbH & Co.
KG, Stryker, and Medtronic as some of the prominent companies
operating in the market. Strategies aimed at business expansion
adopted by these companies are likely to exert considerable influence
on the market’s future trajectory.
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