According to the latest report by IMARC Group “Image-guided Therapy Systems Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2021-2026“, The global image-guided therapy systems market exhibited moderate growth during 2015-2020. the global market to grow at a CAGR of around 6% during the forecast period (2021-2026).
Image-guided therapy systems provide healthcare professionals with real-time images of internal organs. They also assist in strategizing and performing surgical procedures in order to improve the efficiency and quality of interventional procedures. Additionally, these systems are widely supported by surgical navigation equipment, ultrasound devices, integration software, and angiography machines to aid in performing less invasive surgeries in a precise manner.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The global market is primarily driven by significant growth in the healthcare sector. Along with this, continual technological advancements, such as the widespread integration of artificial intelligence (AI), augmented reality (AR) and photorealistic 3D ultrasound techniques with the image-guided therapy systems to offer exceptional treatment to patients, is creating a positive outlook for the market. Moreover, the rising investments by public and private agencies to upgrade the existing healthcare infrastructure is providing an impetus to the market growth. Other factors, including the increasing prevalence of chronic diseases and extensive research and development (R&D) activities conducted by key players for continual improvements in treatment therapies, are contributing to the market further.
Breakup by Product:
- Ultrasound Systems
- Computed Tomography (CT) Scanners
- Positron Emission Tomography (PET)
- Magnetic Resonance Imaging (MRI)
- X-ray Fluoroscopy
Breakup by Application:
- Cardiac Surgery
- Orthopedic Surgery
- Oncology Surgery
Breakup by End Use:
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Research and Academic Institutions
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Analogic Corporation
- Brainlab AG
- FUJIFILM Holdings Corporation
- General Electric Company
- Karl Storz SE & Co. KG
- Koninklijke Philips N.V.
- Medtronic plc
- Siemens Healthineers AG, Stryker Corporation and Varian Medical Systems Inc.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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