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Global Surgical Imaging Market to Surpass USD 14 Billion by 2028

By MedImaging International staff writers
Posted on 03 Aug 2022
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Image: The global surgical imaging market is estimated to be worth over USD 1.4 billion by 2028 (Photo courtesy of Pexels)
Image: The global surgical imaging market is estimated to be worth over USD 1.4 billion by 2028 (Photo courtesy of Pexels)

The global surgical imaging market is projected to grow at a CAGR of more than 3% from an estimated USD 1.2 billion in 2022 to USD 1.4 billion by 2028, driven by an increase in the number of minimally invasive surgical procedures performed worldwide, rise in hybrid operating rooms, growing demand for integrated imaging systems, and technological developments in surgical imaging systems. Additionally, an increase in surgeries, rising frequency of sports injuries, increasing government expenditure on healthcare, and a growing elderly population will also contribute to the market growth. These are the latest findings of Valuates Reports (Bangalore, India), a provider of market research reports.

Surgeons must master the utilization of image-guided procedures as minimally invasive surgery becomes the norm in the field of neurosurgery. The introduction of image-guided neurosurgery has significantly advanced the microsurgical management of intracranial diseases such as tumors and vascular abnormalities. Hence, the increasing use of imaging in neurosurgery is expected to drive the growth of the surgical imaging market.

The surgical imaging market is expected to be driven further by the increasing use of imaging in orthopedic surgeries. X-ray images are essential for minimally invasive procedures used by orthopedic surgeons. When setting fractures, real-time imaging is essential for metal placement and fracture reduction. Orthopedic surgeons employ X-rays in a variety of ways. As a first-line diagnostic tool, this is their primary and most significant utility. Without a radiograph of the affected area, no orthopedic assessment can be deemed complete. During orthopedic surgeries, X-rays are utilized to locate implants and validate the correctness of surgical operations such as the insertion of pedicle screws in the spine. Based on application, the orthopedic segment is expected to be the most lucrative in the surgical imaging market due to increased use of C-arms during orthopedic implantation, increased availability of surgical imaging equipment for orthopedic surgery, and higher adoption of intraoperative surgical imaging.

In order to improve patient care and diagnosis, healthcare and medical institutions are currently looking for newer techniques and technological breakthroughs in surgery and imaging management systems. This is one of the key drivers of the growth of the surgical imaging market. Additionally, the increase in the elderly population is leading to rising prevalence of cardiovascular and neurological problems, thereby driving a higher demand for surgical treatments and imaging technologies. Moreover, since contact, collision, and adventure sports often have a higher risk of injury, sports medicine clinics are increasingly utilizing small C-arms and other diagnostic imaging modalities. This is expected to further fuel market growth. Geographically, Asia-Pacific is expected to offer lucrative growth prospects for players in the surgical imaging market due to its large population, growing interest in surgical imaging, expanding healthcare infrastructure, and rising demand for minimally invasive procedures.

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