The global image
guided surgery devices market is directly reliant on the development
of healthcare across various regional longitudes of the world. As the
healthcare industry make rapid advancements across a number of its
sub-domains, the market for global image guided surgery devices would
see the entry of new players into the market. The competition is
expected to intensify in the coming years and wreak the need for
proper strategizing for business players. Several market players are
already on the lookout for better business strategies to garner a
global footprint. Moreover, the players are expected to focus on get
into strategic alliances in order to attract a decent consumer base
across the world. The major players identified by Transparency Market
Research (TMR) include Koninklijke Philips N.V., Siemens
Healthineers, Analogic Corporation, GE Healthcare, Stryker, Varian
Medical Systems, Inc., Brainlab AG, Medtronic,KARL STORZ GmbH &
Co. KG, and Olympus Corporation. The market strategies employed by
these prominent players is anticipated to be a decisive standpoint
for market progress.
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Transparency Market
Research (TMR) estimates that the market value is expected to stand
at US$4,998.2 mn in 2025 as compared to a value of valuation of
US$3,068.9 mn in 2016. Henceforth, the CAGR over the period from 2017
to 2025 is expected to settle at 5.7%. Based on application of these
devices, neurosurgery is expected to be the leading category under
the segment. This owes to the rising instance of neurological
diseases and disorders across the globe. On a regional footing, North
America is projected to reign over all other regions because of the
increasing demand for non-invasive surgeries in the region.
The prime reason
behind the adoption of guided surgery devices is their ability to
excavate precise results. The medical fraternity is making fructuous
efforts to ensure that surgeries are conducted with the aid of
accurate information, which would in turn enhance the success rate.
This has been a prudent factor driving the growth of the market
worldwide. Moreover, the guided surgery devices have become the
watchword for intricate surgeries because they these devices help the
surgeons navigate through the process and plan better surgical
operations. Patients have lately become immensely accepting of
minimally invasive treatments which has led healthcare units to
induct these devices within the framework. Chronic ailments such as
cancer and osteoporosis have spread across a wider populace than
before which makes it integral for the healthcare industry to have
combat mechanisms. This is also an important pretext that is
anticipated to bolster the market demand.
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The geriatric
population is prone to neurological disorders and suffers greater
ailment during injuries. The low immunity makes it difficult for them
recover from the side-effects of invasive treatments which calls for
non-invasive treatment methods. The aforementioned factors play a
vital role in enhancing the growth of the market. It is integral for
various healthcare units tpo address the medical concerns of an
increasing geriatric population by expanding the induction of guided
surgery devices.
The lack of
awareness with regards to the usage of these devices poses a threat
to the growth of the market. Huge chunks of remote areas are still
unexposed to the perks of these devices which not only shows the
dismal picture in those regions but also points to the unexploited
market potential. The costs of installing these devices is often
beyond the affordability standards of healthcare units in developing
countries. This also slacken progress. However, several government
initiatives have surfaced across the world to strengthen the
healthcare industry that shall be an important market booster.
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Research is a next-generation market intelligence provider, offering
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