According to the latest report published by Variant Market Research, the global Image Guided Surgery Devices market is estimated to reach $5.4 Billion by 2024 from $3.3 Billion in 2016, growing at a CAGR of 6.4% from 2016 to 2024.
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Increasing spending on healthcare fuels the global image guided surgery devices market
Some of the factors such as increasing spending on healthcare, enhanced healthcare infrastructure need for minimal invasive surgeries, and growing commonness of cancer & cardiovascular diseases have propelled the growth of global image guided surgery devices market. Yet, lack of expert professionals, and high cost of machines may act as the major hindrance for the market growth. Nevertheless, new technological advancement, and untouched markets are expected to generate profitable growth opportunities for the market in the coming future.
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Device type, and geography are the two major segments considered in the global image guided surgery devices market. Computed tomography (CT), X-ray fluoroscopy, position emission tomography (PET), magnetic resonance imaging (MRI) machine, and single photon emission computed tomography (SPECT) are the categorization of device type segment. Furthermore, North America, Europe, Asia-Pacific, and Rest of the World (RoW) are the geographical segments. Where U.S., Mexico, Canada are covered under North America, whereas Germany, UK, Italy, France, and Rest of Europe are covered under Europe region. Asia-Pacific consists India, Japan, China, South Korea, and Rest of Asia-Pacific, and Rest of the World covers Middle East, South America, and Africa.
Computed tomography (CT) held the largest market share in device type
Computed tomography accounted for the major share in 2016, in the device type segment, owing to its advantages such as reducing the need for exploratory surgeries, determining when surgeries are necessary, and improving cancer diagnosis and treatment.
North America dominated the global image guided devices surgery market in 2016
In the year 2016, North America accounted for around half of the total market share, trailed by Europe. Whereas, Asia-Pacific is expected to grow with fastest CAGR, driven by developing healthcare sector, and increasing occurrence of chronic diseases such as diabetes, cancer, neurological disorders, and others.
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The key players profiled in the market include General Electric Company,Toshiba Corporation, St. Jude Medical, Inc., Siemens Healthcare, Koninklijke Philips N.V., Canon Inc., Zimmer Holdings, Inc., Brainlab AG, Hitachi, Ltd., and Medtronic plc among others.
Scope of the Global Image Guided Surgery Devices Market
Device Type Segment
- Computed Tomography (CT)
- Magnetic Resonance Imaging (MRI)
- X-Ray Fluoroscopy
- Position Emission Tomography (PET)
- Single Photon Emission Computed Tomography (SPECT)
- North America
- South Korea
- South America
- Middle East
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