Global Image Guided Systems Market Set to Reach USD 17.41 Billion by 2033 at a 8.4% of CAGR

Image Guided Systems Market

The global image guided systems market, valued at USD 7.23 billion in 2022, is expected to experience significant growth over the next decade, reaching USD 17.41 billion by 2033. This robust expansion is largely fueled by the devices segment, which currently holds more than 75% of the market share within the product category. This segment is forecasted to grow at a CAGR of approximately 8.2% from 2023 to 2033, underscoring its leading position in the market.

Key Growth Drivers

Several factors are propelling the image guided systems market forward:

• Rising Demand for Minimally Invasive Procedures: Image guided systems play a crucial role in enhancing precision in minimally invasive surgeries, which are increasingly favored for reduced recovery times and improved outcomes.
• Technological Advancements in Imaging and Navigation: Continuous advancements in imaging and guidance technologies are improving the accuracy and effectiveness of these systems, driving adoption across medical facilities.
• Expanding Applications in Complex Surgeries: With growing applications across neurosurgery, orthopedics, and oncology, image guided systems are becoming essential in complex surgical procedures.

The devices segment’s dominance reflects the high demand for reliable, advanced image guidance solutions in healthcare. Future Market Insights’ analysis signals a promising outlook for the image guided systems market, with steady growth anticipated as technology advances and healthcare providers seek cutting-edge surgical tools.

Image guided surgery (IGS) refers to the application of a real-time correlation of the surgical field to a preoperative imaging data collection that reflects the precise placement of a chosen surgical instrument to the adjacent anatomic structures. Since the development of the endoscopic approach in the middle of the 1980s, image guided surgery has been one of the most important developments in endoscopic approach surgery.

Conventional surgical techniques take longer, are less precise, and include a risk of injury to neighboring nonsurgical areas. As a result, there is a rising need for surgical methods that are more accurate and quick. The benefits of image guided surgery devices include reduced damage, quicker healing of surgical wounds, and higher levels of accuracy.

Competitive Landscape

Key image guided system market companies are investing substantial resources in new product innovation, providing unique equipment to treat patients, and providing life-sustaining treatment. Some major businesses are acquiring other companies in order to strengthen their global market positions, while others are focusing on product launches.

For instance:

• Philips launched EchoNavigator 4.0, a new release of their image-guided treatment system for treating structural heart disease, internationally in May 2022.
• GE Healthcare launched the newest iteration of the angiography system which is robotic-driven for image-guided therapy and named it Allia IGS 7 angiography system, in December 2020.

Similarly, recent developments have been tracked by the team at Future Market Insights related to companies in the image guided systems market space, which are available in the full report

Key Companies Profiled

Siemens Healthineers; Analogic Corporation; GE Healthcare; Koninklijke Philips N.V.; Stryker Corporation; Carestream Health; Hitachi Medical Corporation; Hologic; United Imaging Technologies Inc.; BrainLab AG; Karl Storz Gmbh & Co. Kg; Smith & Nephew Plc; Esaote SpA; Zimmer Biomet; Varian Medical Systems, Inc.; Medtronic Plc.; EndoMed Systems; Maxer Endoscopy; Blazejewski MEDI-TECH GmbH; Olympus Corporation; FUJIFILM Holdings Corporation; Shenyang Shenda Endoscope Co., Ltd.; Shimadzu Corporation; Shenzhen Anke High-tech Co., Ltd.

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Key Segments Covered in Image Guided Systems Industry Research

By Product:

• Devices
  • Computed Tomography (CT) Scanners
  • Ultrasound Systems
  • Magnetic Resonance Imaging (MRI)
  • Endoscopes
  • X-ray Fluoroscopy
  • Positron Emission Tomography (PET)
  • Single Photon Emission Computed Tomography (SPECT)
• Softwares

By Application:

• Cardiac Surgery
• Neurosurgery
• Orthopedic Surgery
• Gastroenterology
• Urology
• Oncology Surgery
• Others (ENT, Dental, Pulmonary surgery)

By End User:

• Hospitals
• Ambulatory Surgical Centers
• Clinics
• Research & Academic Institutes

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and Africa (MEA)

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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