PUBLISHER: TechSci Research | PRODUCT CODE: 1309841
PUBLISHER: TechSci Research | PRODUCT CODE: 1309841
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United States Orthopedic Imaging Modalities Market is expected to register an impressive CAGR in the forecast period of 2024-2028. The United States Orthopedic Imaging Modalities Market is growing on account of increasing incidences of bone injuries and joint injuries across the country.
A rise in incidences of road accidents or injuries resulting in bone injuries is driving the Orthopedic Imaging Modalities Market in the forecast period, instance, According to the American Academy of Orthopedic Surgeons report (an educational provider for programs for allied health professionals and orthopedic surgeons), around 6.8 million patients suffering from distinct orthopedic diseases seek medical attention in the US each year.
Additionally, other factors such as growing incidences of orthopedic diseases, growing advancement in technology and imaging systems, and rising cases of joint replacement surgery are leading the market growth and creating lucrative opportunities for supporting the market in the forecast period.
The growing incidences of orthopedic diseases, such as arthritis, osteoporosis, elbow pain, etc., have increased the demand for diagnosis and diagnostic imaging equipment across the country. Imaging techniques such as Ultrasound, Magnetic Resonance Imaging (MRI), and Computed Tomography (CT scan) have found increased application due to increased injuries and orthopedic diseases. According to the US Centers for Diseases Control and Prevention (CDC), approximately 72 million people are expected to suffer from arthritis in the US by 2030. This increase in arthritis prevalence, in turn, is expected to propel the US Orthopedic Imaging Modalities Market in the forecast period. Moreover, there has been an increase in road accidents across the country, resulting in bone fractures and injuries, and it is thus indirectly supporting market growth and is anticipated to do the same in the forecast period.
The increasing demand for orthopedic Imaging leads to the development of advanced 3-D Imaging and updated software modeling of the imaging field required. Orthopedic Imaging equipment such as X-rays, MRI, Ultrasounds, Nuclear Imaging, etc., are used for bone scanning, scanning in cases of implants, and is used for diagnosis processes. 3-D Imaging provides visualization with precision, accuracy, and quick diagnosis along with the development of applications such as Computer-assisted Detection (CAD) and other image analysis applications and is expected to bolster the market growth in the modality, especially growth in the tomographic imaging techniques.
Healthcare professionals such as orthopedic surgeons across the country are utilizing the imaging techniques, such as 3-D imaging while planning surgeries to perform accurate diagnosis, and it has increased the demand for orthopedic imaging modalities in the US. According to the American Joint Replacement Registry (AJRR), the largest orthopedic registry in the world, in 2021, over 2.2 million hips and knee procedures were performed over 1,150 hospitals, ambulatory surgery centers (ASCs), and other private practice groups that submitted data across all 50 states and District of Columbia. The increased number of surgeries and hip and knee procedures in the US are creating market growth and opportunities and are expected to support the market in the coming years.
Additionally, the rising geriatric population in the country is contributing to the market as there is an increased case of bone injuries and joint replacement experienced in the elderly. The geriatric population, due to increased cases of falls and weak bones, experiences an increased risk of bone injuries; for instance, according to the National Trauma Database, the elderly population that is aged around 65 and above accounts for approximately a quarter of all trauma patients in the United States. This leads to an increased demand for the US orthopedic imaging modalities market and is expected to propel the market growth in the coming years. Moreover, the growing sedentary lifestyle and obesity have led to the development of musculoskeletal diseases among the youth at an early stage and are thus expected to support the growth of the market.
United States Orthopedic Imaging Modalities Market is segmented based on Application, Modality, End User, region, and competitive landscape. Based on Application, the market is segmented into Hip, Knee, Spine, and Other Extremities. Depending on the Modality, the market is segmented into X-Ray, Computed Tomography (CT) Scanners, Magnetic Resonance Imaging (MRI) Systems, and Ultrasound Systems. Based on End Users, the market is segmented into Hospitals, Ambulatory Surgery Centers, and Others.
FUJIFILM Holdings Corporation, Canon Inc., General Electric Company, Johnson & Johnson, Konica Minolta, Inc., Koninklijke Philips N.V., Smith & Nephew plc, Shimadzu Corporation, OrthAlign, Inc., Medtronic plc, etc., are some of the major players operating in the United States Orthopedic Imaging Modalities Market.
In this report, United States Orthopedic Imaging Modalities Market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in the United States Orthopedic Imaging Modalities Market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: