Image Guided Surgery Devices Market Size, Share, Growth, And Industry Analysis, By Type (Computed Tomography (CT), Magnetic Resonance Imaging (MRI), X-Ray Fluoroscopy, Endoscopes, Position Emission Tomography (PET), Single Photon Emission Computed Tomography (SPECT)) By Application (Hospital & Clinic), Regional Forecast To 2033

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IMAGE GUIDED SURGERY DEVICES MARKET REPORT OVERVIEW

Global image guided surgery devices market size was USD 1.36 Billion in 2024 and market is projected to touch USD 1.78 Billion by 2033, exhibiting a CAGR of 3.1% during the forecast period.

Image-guided surgery (IGS) devices, also known as navigation systems, provide real-time visual guidance during surgical procedures, allowing surgeons to navigate through complex anatomical structures with greater precision and accuracy. These devices use advanced imaging technologies such as MRI, CT scans, ultrasound, and other imaging modalities to generate 3D images that aid in surgical planning and execution. 

Image-guided surgery devices had found applications across various medical specialties, including neurosurgery, orthopedics, ENT surgery, cardiovascular procedures, and oncology. Their versatility and ability to aid in complex surgical interventions contributed to their widespread adoption.

COVID-19 IMPACT

Market Faced a Rise in Demand Due to Delayed and Canceled Surgeries During the Pandemic

There was no single sector unaffected by COVID-19. The Image Guided Surgery Devices Market was affected as well. During the initial phase of the pandemic, many elective surgeries were postponed or canceled to prioritize COVID-19 patients and conserve medical resources. This decline in surgical procedures affected the demand for image-guided surgery devices.

LATEST TRENDS

Introduction of Robotics and Automation to ring Perfection in the Market

The Image Guided Surgery Devices market is as dynamic as any market. In the market, there is everyday development in the market to add more benefits to it. Recently, in the market, robotic-assisted image-guided surgery is becoming more prevalent, enabling surgeons to perform complex procedures with increased precision and dexterity. Robotic systems, combined with image guidance, can help in minimally invasive surgeries and improve patient outcomes.

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IMAGE GUIDED SURGERY DEVICES MARKET SEGMENTATION`

By Type Analysis

According to type, the market can be segmented into Computed Tomography (CT), Magnetic Resonance Imaging (MRI), X-Ray Fluoroscopy, Endoscopes, Position Emission Tomography (PET), & Single Photon Emission Computed Tomography (SPECT).

In terms of services, Image Guided Surgery Devices (γ- linolenic acid 10%) is the largest segment, as it holds the maximum share of the market.

By Application Analysis

Based on application, the market can be divided into Hospital & Clinic.

DRIVING FACTORS

The Rising Number of Surgical Procedures and Favorable Outcomes have Increased Demand in the Market

The rising number of surgical procedures, including both minimally invasive and complex surgeries, has created a higher demand for image-guided surgery devices. Surgeons and patients alike prefer these technologies due to their ability to enhance surgical precision and improve patient outcomes.  The aging population is more susceptible to complex medical conditions, which often require surgical interventions.  Image-guided surgery devices offer the potential for improved patient outcomes, reduced complications, and faster recovery times. As patient satisfaction and positive outcomes become increasingly critical in healthcare, these devices gain traction among healthcare providers. 

Growing Applications and Favorable Government Regulations Have Influenced the Demand in the Market

Image-guided surgery devices have found applications in various medical specialties beyond traditional fields like neurosurgery and orthopedics. This expansion of applications has widened their market scope. Supportive government policies and reimbursement frameworks for medical devices, including image-guided surgery devices, have encouraged healthcare institutions to invest in these technologies. The Image Guided Surgery Devices market is experiencing growth on a global scale, with increased demand and adoption observed in both developed and developing regions. This contributes to the Image Guided Surgery Devices market growth.  

RESTRAINING FACTORS

Lack of Skilled Personnel can Lead to a Declining Trend in the Market 

 The successful implementation and utilization of image-guided surgery devices require trained and skilled personnel, including surgeons, radiologists, and technicians. The shortage of skilled professionals in some regions can limit the effective utilization of these devices. As a consequence, there can be a declining trend in the market. 

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IMAGE GUIDED SURGERY DEVICES MARKET REGIONAL INSIGHTS

North America Region Dominates the Market as it has Well-Established Healthcare Infrastructure

North America is home to some of the world's leading medical device companies and research institutions. The region has been at the forefront of technological advancements in medical imaging, navigation systems, and computer-assisted surgical technologies, contributing to the development of cutting-edge image-guided surgery devices. The healthcare infrastructure in North America is highly developed and well-equipped with modern medical facilities and advanced imaging modalities. This facilitates the adoption of image-guided surgery devices in various healthcare settings. The United States and Canada, two major countries in North America, have relatively high healthcare expenditure per capita compared to many other regions. This provides healthcare institutions with the financial resources to invest in expensive medical technologies like image-guided surgery devices.

KEY INDUSTRY PLAYERS

Key Players Focus On Product Research and Development and Innovation For Market Expansion

Key players invest heavily in research and development to develop new and advanced image-guided surgery devices. They continuously work to enhance existing technologies, improve imaging capabilities, and integrate cutting-edge features like artificial intelligence and augmented reality into their devices. These companies are focused on introducing innovative products and technologies that address unmet needs in various medical specialties. They strive to create devices that offer better accuracy, improved patient outcomes, and ease of use for surgeons and healthcare providers. These companies engage in strategic marketing and branding initiatives to create awareness about their image-guided surgery devices among surgeons, hospitals, and healthcare institutions. They conduct promotional activities, participate in conferences, and utilize digital marketing to reach their target audience. Key players actively work on expanding their market reach by establishing distribution networks, partnerships, and collaborations with healthcare providers and medical facilities globally. They aim to make their devices widely accessible to surgeons and patients. The region's commitment to research and development fosters innovation in the medical technology sector, leading to the continuous improvement and advancement of image-guided surgery devices.

List of Top Image Guided Surgery Devices Companies

• Medtronic(Ireland)
• Abbott (United States)
• Siemens Healthcare(Germany)
• General Electric (United States)
• Toshiba Corporation(Japan)
• Koninklijke Philips
• Zimmer Holdings
• Hitachi
• Canon
• Brainlab

REPORT COVERAGE

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Furthermore, the post-COVID-19 pandemic’s effect on international market restrictions and a deep understanding of how the industry will recover and strategies are also stated in the report. Finally, the competitive landscape has also been examined in detail to provide clarification of the competitive landscape.