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Global Market Study
on Intraoperative
Imaging: Systems
Segment Projected to Grow at a Relatively High CAGR over the
Forecast Period During 2017 – 2025
As per the latest report published by Persistence Market Research (PMR), the
global intraoperative imaging market is set to a cross a valuation of US$ 513
million by the end of the forecast period (2016 -2024). PMR projects that the
demand for intraoperative imaging will continue to gain traction owing to the
robust adoption of minimally-invasive surgeries coupled with the impressive
medical progress associated with diagnostic imaging for neurosurgeries. Many
of prominent healthcare institutes are achieving groundbreaking success in
developing new age imaging technologies.
By 2024-end, the global market for intraoperative imaging will increase at over
9.4% CAGR and is anticipated surpass US$ 1,145 Mn in terms of revenues.
Growing popularity of Intraoperative imaging systems in the healthcare sector
are encouraging industry leaders to upscale investments and go into strategic
partnerships. However, lack of awareness of diagnostic benefits of
intraoperative as compared to other alternatives amongst both patients and
medical practitioners across the globe is likely to dampen the surging spirit of
the market. Regularization of intraoperative imaging devices in diagnostic
centers and hospitals worldwide is expected to further add on to features such
as real-time imaging.
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In terms of revenue, sales of intraoperative imaging systems account for more
than 50 percent of the global market for intraoperative imaging. PMR indicates
that throughout the projection period intraoperative imaging services will drop
revenue share, reaching a market valuation of US$ 300 Mn by the end of 2024.
In addition, use of intraoperative imaging is neurosurgery will continue to
remain high throughout the projection period. On the basis of research
findings, neurosurgical intervention will remain the predominant segment of the
market. It is projected that globally neurosurgical imaging procedures will
consume close to US$ 400 Mn worth intraoperative imaging systems by the end
of forecast period. Further, cardiovascular and orthopedic diagnosis also
represent as sizeable demand for intraoperative imaging solution.
PMR during the research identified that hospitals are the major end-users of
intraoperative imaging systems. While hospitals will continue to maintain their
dominance over 2024, cancer research institutes are also anticipated to their
investment on intraoperative imaging systems. Using intraoperative imaging
solutions, such institutes are aiming to enhance imaging and diagnostic methods
for treating various types of cancers. Based on end-use, cancer research
institutes segment accounted for closes US$ 180 million of the market globally
in 2016.
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On the basis of region, the market in North America is anticipated to remain
dominant over the forecast period. Companies such as GE Healthcare, IMRIS
Inc., Medtronic Plc. and NeuroLogica Corp are few of the prominent
manufacturer of intraoperative imaging equipment headquartered in either
Canada or the US. In the Europe, the market is likely to continue its steady
growth in terms of revenue share. Meanwhile, the market in Asia-Pacific and
Latin America will witness the highest growth, expanding at around 10%
CAGR
Other major players operating in the global market for intraoperative imaging
include Siemens AG, Toshiba Corporation, Koninklijke Philips NV, and
Brainlab AG.
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