Global Image-Guided Surgery Devices Market Growth to be Propelled by Increase in Target Diseases and Geriatric Population, and Minimally Invasive Surgeries (MIS) by CAGR of 6% During 2022–2031

Kenneth Research published a report titled “Image-Guided Surgery Devices Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global image-guided surgery devices market in terms of market segmentation by product, application, end-user, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

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The global image-guided surgery devices market is expected to hold a revenue of ~USD 8 billion by 2031 growing from ~USD 4 billion in 2021. The market growth can be attributed to the prevalence of target diseases, the increasing geriatric population, preference for MIS, growth of the medical diagnostic imaging market and robotic industry, and more investment in healthcare research and development (R&D).

The global image-guided surgery devices market is expected to grow at a CAGR of approximately 7% from 2022–2031. The market is segmented by product into Computed Tomography (CT), Magnetic Resonance Imaging (MRI), Positron Emission Tomography (PET), Single Photon Emission Computed Tomography (SPECT), Endoscopy, Ultrasound, and X-ray fluoroscopy. Among these, the CT segment is anticipated to hold the largest market share by the end of 2031, owing to the high prevalence of target diseases.

The global image-guided surgery devices market is divided into five major regions, including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is projected to hold the largest market share by the end of 2031, backed by the growing number of incidences of target diseases, the large presence of the geriatric population, and the developments in robotics.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Growing Geriatric Population Worldwide to Boost the Market Growth

A steady growth could be observed globally in the aging population. It is believed that the population of the elderly is going to surpass 1 billion by 2030 and will reach up to 2 billion by 2050. As per the World Health Organization (WHO), the geriatric population should constitute 22% of the total population by 2050 and 80% of this population should be residing in low-and-middle-income countries.

With a growing elderly population, the growth of health conditions included under geriatric syndrome is expected to grow. Many of these diseases can make use of image-guided procedures in the diagnosis and treatment of them to assure maximum comfort to patients in old age.

However, fewer surgeries due to the threat of COVID-19 infections, lack of skilled surgeons for conducting image-guided surgeries, and government regulations and policies making the manufacturing and shipment of the devices are expected to operate as a key restraint to the growth of the global image-guided surgery devices market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global image-guided surgery devices market which includes company profiling of Brainlab AG, Koninklijke Philips N.V., Siemens Healthcare GmbH, Medtronic, Abbott Laboratories, General Electric Company, Stryker, KARL STORZ SE & Co. KG, Analogic Corporation, Zimmer, Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global image-guided surgery devices market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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Kenneth Research is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.

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