Orthopedic imaging also known as musculoskeletal radiology, it comprises of diagnostic tools which is used for diagnosing the disorders of bones, muscles, ligaments and joints. Thus these imaging systems is used for diagnosing various diseases & injuries of musculoskeletal system which includes trauma, fractures, sports injury, arthritis, osteoporosis, bone and soft tissue tumors. Orthopedic imaging market comprises of the imaging modalities such as conventional radiography, computed tomography (CT), ultrasonography and magnetic resonance imaging (MRI), X-rays, and EOS imaging systems. These systems are used by the radiology department of the hospitals and radiology diagnostic centers to diagnose the musculoskeletal disorder.
Orthopaedic Imaging Market: Drivers & Restraints
The primary factor for the growth of global orthopedic imaging market is the increasing number of hospital admissions attributed to increasing sports injuries, fractures and trauma cases and rising prevalence of chronic diseases such as osteoarthritis and osteoporosis, awareness regarding various musculoskeletal conditions such as scoliosis, lordosis, disc prolapse, cervical spondylitis, lumbar spondylitis etc. Secondly growing healthcare expenditure and the introduction of advanced technologiesin radiology, drives the market growth for orthopedic imaging systems market over the forecast period. However high cost of orthopedic imaging devices and lack of radiologists are the factors expected to restrain the revenue growth of orthopedic imaging market over the forecast period.
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Orthopaedic Imaging Market: Segmentation
This market is segmented on the basis of product type, end user and application
Segmentation based by product type
- EOS Imaging Systems
Segmentation based by end user
- Radiology Centers
Segmentation based by application
- Acute injuries
- Sports injuries
- Trauma cases
- Chronic Disorders
- Prolapsed Disc
- Degenerative joint diseases
- Bone tumors
Orthopedic imaging market is mainly dominated by trends such as introduction of technically advanced scanning devices, doppler ultrasound machines etc. Also the trends such as, advancements integration of software such as iterative reconstruction software and dose-tracking software with CT scan machines are dominant in the orthopedic imaging market. However manufacturers are consistently focusing on developing advanced imaging devices which providesaccurate results in short time. These trends are changing the market scenario, however there are many such trends expected to dominate the orthopedic imaging market over the forecast period.
Orthopaedic Imaging Market: Overview
There are different varieties of orthopedic imaging systems available in the market.
Depending on geographic region, the orthopedic imaging market is segmented into seven key regions: North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.
Globally, orthopedic imaging systems market is expected to witness healthy growth in the near future due to increasing number of product innovations and increasing number of radiology diagnostic centers in the developing nations. Orthopedic Imaging market is anticipated to show highest share in North America followed by Europe owing to technological advancement, sophisticated technologically advanced healthcare infrastructure and more number of market players in these regions. Also it has been analyzed that increasing number of companies in Western Europe are getting CE mark approval to market their orthopedic imaging systems in Europe. Asia-Pacific excluding Japan market is expected to register fastest growth owing to the rise in geriatric population along with rise in the prevalence of chronic diseases such as osteoarthritis and osteoporosis, increasing number of trauma cases and fractures are also contributing to the revenue growth of orthopedic imaging market in Asia Pacific excluding Japan over the forecast period.
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Orthopaedic Imaging Market: Key Players
Some of the key market players in global orthopedic imaging market includes General Electric Company, Siemens Healthcare Private Limited, Philips Healthcare, Toshiba Medical Systems Corporation (TMSC), Hitachi Medical Corporation, Esaote, Planmed etc. these players are entering into mergers & acquisitions, strategic collaborations, and product portfolio expansions, which are their key sustainability strategies. Secondly many local players manufacturing x-ray machines and ultrasound have started entering in this orthopedic imaging market.