Fluoroscopy is a type of medical imaging that shows a continuous X-ray image on a monitor, helping physicians examine organ systems like the digestive tract, heart, or urinary tract in action. Fluoroscopy devices use a continuous low dose of X-rays to obtain real-time moving images of internal structures. They are widely used during minimally invasive procedures and in interventional radiology suites. Growing demand for minimally invasive surgeries and hybrid operating rooms is augmenting the market. Hybrid operating rooms integrate equipment from various medical imaging modalities like computed tomography (CT), magnetic resonance imaging (MRI), angiography and fluoroscopy into one surgical suite. This gives surgeons access to advanced imaging guidance during complex procedures.
The global Fluoroscopy Devices Market is estimated to be valued at US$ 4720.31 Mn in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Hybrid operating rooms help surgeons visualize and navigate complex anatomy in real time using advanced imaging techniques like fluoroscopy. This has significantly improved outcomes for interventional procedures and reduced procedural risks. Additionally, growing geriatric population susceptible to various chronic conditions is propelling the demand for minimally invasive techniques. Rise in age-related diseases like cardiovascular, orthopedic, and urological disorders has augmented the number of surgical procedures requiring fluoroscopy guidance. Furthermore, technological advancements in fluoroscopy like flat panel detectors, digital imaging, and robotic guidance systems have enhanced image quality and navigation capabilities. This has expanded the scope of fluoroscopy in complex interventions.
The global fluoroscopy devices market is dominanted by fluoroscopy c-arms segment. C-arms are a type of medical equipment that is used to obtain x-rays of multiple body parts during the operation in real-time. C-arms enable surgical navigation during complex surgical procedures through continuous imaging control and capturing, providing critical information to surgeons. The continuous imaging ability and ease of positioning make C-arms a popular choice for minimally invasive surgeries.
Political: Developed economies are boosting healthcare expenditure to improve healthcare infrastructure and facilities. Stringent regulations regarding radiation safety are in place for use of fluoroscopy devices.
Economic: Rising geriatric population, income levels and demand for quality healthcare services are boosting healthcare spending globally. The high cost of sophisticated fluoroscopy devices makes developed markets more lucrative.
Social: Increasing cases of cardiovascular diseases and orthopedic conditions driving the demand for minimally invasive surgeries using fluoroscopy guidance. Growing medical tourism in developing nations is also favoring the market growth.
Technological: Adoption of flat panel detectors, wireless imaging, and interventional navigation/guidance systems are enhancing the capabilities of modern fluoroscopy devices. Developments in image processing technologies are improving the imaging quality and dose reduction.
The Global Fluoroscopy Devices Market Demand is expected to witness high growth over the forecast period supported by rising geriatric population and growing chronic disease prevalence globally. The North America region currently dominates the market due to developed healthcare infrastructure, technological advancements and strong health insurance coverage. Rising medical tourism in Asian countries like India and China is providing opportunities for key market players in the region.
The North America fluoroscopy devices market is the largest regional market currently owing to favorable reimbursement policies and increasing adoption of minimally invasive surgical procedures. The Asia Pacific region is expected to witness fastest growth on account of improving healthcare infrastructure, rising medical tourism and expanding medical device industry.
Key players operating in the fluoroscopy devices market are Hologic Inc., Siemens Healthcare GmbH, Shimadzu Medical, Koninklijke Philips NV, FUJIFILM Holdings Corporation, Carestream Health, Canon Medical Systems Corporation, General Electric Company (GE Healthcare), and ATON GmbH (Ziehm Imaging Inc. and OrthoScan, Inc.).
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it