PUBLISHER: DelveInsight | PRODUCT CODE: 1576947
PUBLISHER: DelveInsight | PRODUCT CODE: 1576947
Intra Operative Imaging Market by Product Type (Intraoperative CT, Intraoperative MRI, Intraoperative Ultrasound, C-Arm System, and Others), Application (Neurosurgery, Orthopedic & Trauma Surgery, Oncology Surgery, ENT Surgery), End-User (Hospitals, Ambulatory Surgical Centres, and others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World) is expected to advance at a respectable CAGR forecast till 2030 owing to the growing instances of surgeries and increasing product developmental activities worldwide
The intra operative imaging market was valued at USD 2.10 billion in 2023, growing at a CAGR of 5.68% during the forecast period from 2024 to 2030, to reach USD 2.27 billion by 2030. The intra operative imaging market is expanding rapidly due to the growing instances of surgeries due to injuries leading to fractures, the growing prevalence of chronic disorders including coronary artery diseases (CAD) & cancers, increasing product developmental activities, rising preference for minimally invasive devices that are acting as major factors expected to escalate the overall growth of the intra operative imaging market during the forecast period from 2024 to 2030.
Intra Operative Imaging Market Dynamics:
According to the World Health Organization (2024) in 2021, 15.4 million people were living with spinal cord injuries globally. Most cases of spinal cord injury result from trauma, including falls, or acts of violence, and are therefore preventable. Intraoperative imaging for spinal cord injuries helps surgeons precisely guide instruments during spinal stabilization, decompression, and fusion procedures. It ensures accurate alignment of vertebrae, proper placement of screws or rods, and avoids further damage to the spinal cord, improving surgical outcomes.
According to British Heart Foundation, Global Heart & Circulatory Diseases Factsheet (2024), it stated that around 200 million people are currently living with CAD around the world. Intraoperative imaging in CAD is used to guide procedures like coronary artery bypass grafting and stent placement. Techniques such as fluoroscopy, CT, and intravascular ultrasound help visualize blockages, ensure accurate stent placement, and confirm blood flow restoration.
The Global Cancer Observatory (2024), estimated that the new instances of cancer globally would reach from 20 million to 24.1 million by the year 2030. Intraoperative imaging aids cancer surgeries by providing real-time visualization to ensure accurate tumor removal, preserve healthy tissue, and verify margins. It is commonly used in procedures for brain, liver, breast, and prostate cancers, improving precision and outcomes as global cancer cases rise.
Therefore, the factors stated above collectively will drive the overall intra operative imaging market growth for the forecast period from 2024 to 2030.
However, side effects such as radiation exposure, allergic reaction, and availability of alternative options, among others may prove to be challenging factors for intra operative imaging market growth.
Intra Operative Imaging Market Segment Analysis:
Intra Operative Imaging Market by Product Type (Intraoperative CT, Intraoperative MRI, Intraoperative Ultrasound, C-Arm System, and Others), Application (Neurosurgery, Orthopedic & Trauma Surgery, Oncology Surgery, ENT Surgery), End-User (Hospitals, Ambulatory Surgical Centres, and others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World)
In the product type segment of the intra operative imaging market, the intraoperative CT category is expected to have a significant revenue share in the year 2023. This is because of the widespread uses and features of intraoperative CT that enhance their utility and effectiveness.
Intraoperative CT is especially beneficial in complex surgeries such as neurosurgical, spinal, and orthopedic interventions, where exact localization and navigation are crucial. Key features include seamless integration with navigation systems, providing immediate feedback, and reducing intraoperative complications. The imaging is typically performed without moving the patient, which ensures a sterile field and prevents interruptions in surgery. Also, intraoperative CT minimizes radiation exposure by offering targeted imaging, tailored to the area of interest.
The widespread application of intraoperative CT has grown significantly in the fields of neurosurgery, orthopedics, and trauma surgery. In spinal surgery, for instance, it allows for precise screw placements and corrections of deformities, improving surgical outcomes. In trauma cases, especially those involving complex fractures, intraoperative CT offers immediate insights into the alignment and fixation of bones. This technology enhances overall surgical accuracy, decreases operating times, and improves patient outcomes by reducing the likelihood of revision surgeries.
Therefore the widespread uses and various features of intraoperative CT enhance performance and usability, solidifying the significant impact on the growth of the overall intra operative imaging market during the forecast period from 2024 to 2030.
North America is expected to dominate the overall intra operative imaging market:
Among all the regions, North America is expected to dominate the intra operative imaging market in the year 2023 and is expected to do the same during the forecast period. This is driven by the growing burden of vertebral compression fractures (VCFs) and their associated risk factors, regulatory support and the presence of well-established healthcare infrastructure that are acting as key factors contributing to the growth of the intra operative imaging market in the North America region during the forecast period from 2024 to 2030.
The National Institute of Health (2023) stated that VCFs are the most frequently reported type of fragility fracture. In the US, approximately 1 to 1.5 million VCFs occur each year. Studies suggest that about 25% of women aged 50 and older have at least one VCF. Additionally, between 40% and 50% of individuals over the age of 80 are estimated to have experienced a VCF, either as an acute event or discovered incidentally during the evaluation of other health issues.
Intraoperative imaging, such as fluoroscopy or CT, is used during procedures like kyphoplasty or vertebroplasty for treating vertebral compression fractures (VCFs). It helps guide the placement of bone cement or spinal implants to stabilize the fractured vertebra and restore alignment.
Rising product developmental activities by regulatory bodies and key players in the region will further boost the market for intra operative imaging. For example, in 2021, Brainlab AG received FDA clearance from the USFDA for Loop-X, the first fully robotic intraoperative imaging device.
Additionally, in September 2022, eCential Robotics announced that it received FDA 510(k) clearance for its 3D imaging, navigation, and robotics guidance system, thereby securing the penetration of its unified robotic platform in the United States.
Therefore, the interplay of all the aforementioned factors would provide a conducive growth environment for the North American intra operative imaging market.
Intra Operative Imaging Market key players:
Some of the key market players operating in the intra operative imaging market include GE HealthCare, Siemens Healthcare GmbH, Ziehm Imaging GmbH, Medtronic, Koninklijke Philips N.V., Stryker, Brainlab AG, NeuroLogica Corp., Shimadzu Corporation, DMS Imaging, Hologic, Inc., Eurocolumbus srl., IMRIS, FUJIFILM Holdings, Carl Zeiss Meditec AG, Globus Medical, Inc., Activ Surgical, BPL Medical Technologies, SternMed GmbH, AADCO Medical, Inc., and others.
Recent Developmental Activities in the Intra Operative Imaging Market:
Key Takeaways from the Intra Operative Imaging Market Report Study
Target Audience who can be benefited from this Intra Operative Imaging Market Report Study
Frequently Asked Questions for the Intra Operative Imaging Market:
Among all the regions, North America is expected to dominate the Intra Operative Imaging market in the year 2023 and is expected to do the same during the forecast period. This is driven by the growing burden of vertebral compression fractures (VCFs) and their associated risk factors, regulatory support, and the presence of well-established healthcare infrastructure that are acting as key factors contributing to the growth of the intra operative imaging market in the North America region during the forecast period from 2024 to 2030.