DelveInsight’s “Image Guided Surgery Devices Market Insights, Competitive Landscape and Market Forecast-2026” report delivers an in-depth understanding of the Image Guided Surgery Devices, historical and forecasted epidemiology as well as the Image Guided Surgery Devices market trends in the United States, EU5 (Germany, Spain, Italy, France, and United Kingdom) and Japan.
Recent developmental activities in Image Guided Surgery Devices market
According to DelveInsight, the global Image Guided Surgery Devices market will increase at a CAGR of 7.27 percent during the forecasted period from 2021 to 2026, to reach USD 4.79 billion by 2026.
In August 2021, Lightpoint Medical and Telix Pharmaceuticals entered into a strategic partnership agreement to explore the potential of integrating their technologies for radio-guided surgery (RGS) to spot cancer in real-time.
In December 2020, Philips collaborated with InSightec to expand access to MR-guided focused ultrasound for incision-less neurosurgery. Under this collaboration partnership, the companies are focused to develop compatibility between Philips’ advanced MR systems and the Exablate Neuro platform.
In October 2020, Brainlab AG received FDA clearance for its Cranial Image-guided Surgery System.
In December 2020, medPhoton GmbH received FDA approval for its Mobile ImagingRing System which is a robotic digital X-ray system enabling image-guided operations in medical fields such as general surgery, traumatology, orthopedics, neurology, or radiotherapy.
On March 10, 2020, Interventional Systems released its new robotic platform, Micromate™ for use in Europe. The system is indicated for any image-guided procedure that involves placing or manipulating instruments based on acquired radiology or real-time images with, or without, optical navigation.
In May 2020, Jiangsu Rayer Medical Technology Co., Ltd. received FDA clearance for its image guidance system for radiotherapy intended to be used in combination with the radiotherapy device, for real-time tracking of target motion for patient radiation therapy.
Image Guided Surgery Devices Overview
The utilization of a real-time correlation of the operational field to a preoperative imaging data collection that reflects the precise placement of a selected surgical tool to the surrounding anatomic structures is known as image-guided surgery (IGS). Although endoscopic sinus surgery (ESS) was first designed for neurosurgery, it quickly became one of the main indications for this technology. Most CT scanners now produce data sets that are compatible with frequently used guiding systems. Radiography can alternatively deliver the necessary data on a CD-ROM or send images directly from the radiology station to the image guided surgical system through a secure internet network. These advances, as well as the decreasing cost of the technology, have allowed Image guided surgery to be available to a sizable number of otolaryngologists. Image-guided endoscopic sinus surgery is also reaching increasing acceptance in pediatric otolaryngology, although fewer reports have been published compared with the adult literature.
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Geography Wise- Image Guided Surgery Devices Market Analysis
The Image Guided Surgery Devices market is analyzed geographically for North America, Europe, Asia-Pacific, and the Rest of the World. Among all the regions, North America is expected to hold a major share in the overall image-guided surgery devices market during the forecasted period. This domination is due to the rising burden of the population in the region suffering from chronic disorders. Moreover, the rapidly growing old age population in the country in comparison to previous years and the growing prevalence of cardiology and cardiovascular disorders such as coronary artery disease, heart blockage, heart attack, among others are also factors contributing to the rising market for image-guided surgery devices. In addition, the presence of a proper reimbursement policy for image-guided surgeries along with advanced and well-established healthcare infrastructure, among others will spur the market for image-guided surgery devices. Furthermore, the presence of key manufacturers such as Varian Medical Systems, Inc., Medtronic, GE Healthcare, among others active in the production of image-guided surgery systems is anticipated to fuel the market for the image-guided surgery systems in the region.
Moreover, the occurrence of various strategic business activities in the region such as company collaborations, acquisitions, product launch, and approval, among others are also expected to propel the market for image-guided surgery systems in the region.
By Product Type
Ultrasound Systems, Endoscopes
Magnetic Resonance Imaging [MRI] Systems
Computed Tomography [CT] Systems
X-Ray Fluoroscopy Systems
Rest of the World
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Image Guided Surgery Devices Market Segment Analysis
The market for image-guided surgery devices is gaining momentum at present owing to the increasing prevalence and incidence of chronic disorders such as neurological disorders, cardiovascular disorders, cancers, among others worldwide. The rising prevalence and incidence of cancer will contribute to the market for image-guided surgery devices as it improves the surgical outcome for cancer surgeries. Moreover, shifting patient preferences towards minimally invasive surgeries could also boosts the demand for image-guided surgery devices.
Furthermore, technological advances such as higher resolution imaging, 3D imaging, and robotics that have allowed practitioners for carrying out more effective and accurate surgeries which reduces the length of hospitalization and lower the risk of revision surgeries will contribute to the increasing demand for image-guided surgery systems. In addition, the rise in product approvals of advanced image-guided surgery devices is also a potential factor leading to the market growth during the forecasted period. Thus, all the aforementioned factors are expected to augment the global market for image-guided surgery devices. The high cost of the surgery machine and stringent regulatory approval process for these systems are likely to impede the market for image-guided surgery devices.
Impact of Covid-19 on Image Guided Surgery Devices Market
The unprecedented COVID-19 pandemic has had a significant impact on the market for image-guided surgery devices. This is due to the fact that surgery increases the chance of infection transmission since surgery requires cutting, abrading, and suturing, which cannot be conducted without coming into contact. As a result, patients avoided attending hospitals in order to avoid infection transmission. Stringent standards set by various governments throughout the world, as well as delays in many elective procedures and a halt in production facilities, have all hampered the market for image-guided surgery devices. However, the global launch of several vaccines and the deployment of a mass vaccination effort are projected to normalize post-pandemic market growth.
Image Guided Surgery Devices Market Scope
Study Period: 2018-2026
Key Companies: Koninklijke Philips N.V., Medtronic, Siemens Healthineers, General Electric Company, Varian Medical Systems, Inc., Brainlab AG, Quest Photonic Devices (Olympus), Stryker, Abbott, inomed Medizintechnik GmbH, Accuray Incorporated, medPhoton GmbH, 7D Surgical, OnLume Inc., IMRIS, Shimadzu Corporation, FUJIFILM Holdings, Nanjing Perlove Medical Equipment Co., Ltd., Allengers, Elekta AB, and others.
Segmentation: By Product Type, By Application, By End-User, By geography
Geography Covered: North America, Europe, Asia- Pacific, Rest of the World (Middle East, Africa, and South America)
Table of Contents
Image-guided Surgery Devices Market Report Introduction
Image-guided Surgery Devices Market Executive summary
Regulatory and Patent Analysis
Image-guided Surgery Devices Market Key factors analysis
Image-guided Surgery Devices Porter’s Five Forces Analysis
COVID-19 Impact Analysis on Image-guided Surgery Devices Market
Image-guided Surgery Devices Market layout
Image-guided Surgery Devices Global Company Share Analysis – Key 3-5 Companies
Image-guided Surgery Devices Company and Product Profiles
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