San Francisco, Oct 23 The
global image-guided
therapy systems market size is expected to reach USD 4.95 billion
by 2025, according to a new report by Grand View Research, Inc. The market is
estimated to exhibit a healthy CAGR of 6.3% during the forecast period. Growing
geriatric population base and cases of chronic diseases are expected to boost
the market demand. Other factors propelling the market growth include rising
preference for minimally invasive surgeries and technological advancements in
image-guided therapy systems. Various initiatives undertaken in the area of cancer
radiotherapy is also one of the important factors driving the market.
New
product launches by major companies is also having a positive impact on the
market development. For instance, in February 2017, Philips launched a
next-generation image guided therapy platform called Azurion for advancing
patient care. Growing adoption of such advanced systems is expected to drive
the market. Development of this system was aimed at optimizing interventional
lab performance, thereby ensuring superior care delivery. Increasing number of
initiatives undertaken by public and private firms in the area of cancer
radiotherapy is also estimated to have a positive impact on the market growth.
In
addition, many academic institutions are also investing in cancer radiotherapy
projects for increasing the effectiveness of treatment therapies. This is also
likely to contribute toward market expansion. The development of Image-guided
Therapy Program by the Brigham and Women’s Hospital aimed at advancing imaging
and therapeutic technologies for developing minimally invasive surgical and
interventional techniques is an example of one such initiative.
Browse full research report on Image-guided Therapy Systems Market:
www.grandviewresearch.com/industry-analysis/image-guided-therapy-systems-market
Further key findings from the study suggest:
- Endoscopes
segment accounted for the largest revenue share in 2017 owing to
technological advancements, high volume of endoscope-guided surgeries, and
rising preference for minimally invasive surgeries
- Cardiac
surgery emerged as the largest application segment in 2017. This growth is
attributed to rising prevalence of target diseases, preference for
minimally invasive cardiac surgeries, and R&D initiatives aimed at
developing real-time cardiac interventions systems
- Hospitals
emerged as the largest end-use segment in 2017. However, Ambulatory
Surgery Centers (ASCs) segment is projected to expand at the fastest CAGR
of 7.3% over the forecast period
- North America
emerged as the largest regional market. Asia Pacific is anticipated to
exhibit the fastest growth rate of 7.6% during the forecast period
- The market is
consolidated with the presence of Koninklijke Philips N.V., Siemens
Healthineers, GE Healthcare, and Fujifilm Holdings Corporation accounting
for the majority market share. Analogic Corporation; Varian Medical
Systems, Inc.; Brainlab AG; Medtronic PLC; and Stryker Corp. are several
other prominent companies in the market.
Browse more reports of this category
by Grand View Research: www.grandviewresearch.com/industry/medical-devices
Grand
View Research has segmented the global image-guided therapy systems market on
the basis of product, application, end use, and region:
Image-guided
Therapy Systems Product Outlook (Revenue, USD Million, 2014 - 2025)
- Computed
Tomography (CT) Scanners
- Ultrasound
Systems
- Magnetic
Resonance Imaging (MRI)
- Endoscope
- X-ray
Fluoroscopy
- Positron
Emission Tomography (PET)
- Single Photon
Emission Computed Tomography (SPECT)
Image-guided
Therapy Systems Application Outlook (Revenue, USD Million, 2014 - 2025)
- Cardiac
Surgery
- Neurosurgery
- Orthopedic
Surgery
- Urology
- Gastroenterology
- Oncology
Surgery
- Others
Image-guided
Therapy Systems End-use Outlook (Revenue, USD Million, 2014 - 2025)
- Hospitals
- Ambulatory
Surgical Centers (ASCs)
- Clinics
- Research
& Academic Institutes
Image-guided
Therapy Systems Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Europe
- Germany
- U.K.
- France
- Russia
- Italy
- Spain
- Netherlands
- Sweden
- Asia Pacific
- China
- India
- Australia
- Singapore
- Latin America
- Brazil
- Middle East
& Africa
- South Africa
- Saudi Arabia
Browse press release of this report
by Grand View Research: www.grandviewresearch.com/press-release/global-image-guided-therapy-systems-market
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more information:
www.grandviewresearch.com
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