Image Guided Surgery Devices Market Trends, Size, Share, Growth and Demand Forecast to 2020 by P&S Market Research
The global image guided surgery devices market is growing significantly due to orthopedic conditions demanding surgeries and increasing incidence of trauma injuries, along with growing occurrence of neural diseases. The emerging economies are creating opportunities for the image guided surgery devices market to grow at a considerable rate in the coming years. Surgical procedure can be conducted seamlessly with the help of images taken during the surgery. It also reduces the procedure time and chances of errors. Increased innovative products launches and increase in number of partnerships and collaborations of players are some of the trends in the global image guided surgery devices market.
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The global image guided surgery devices market is categorized on the basis of type of devices and its applications. On the basis of the type of devices, market is categorized as X-Ray Fluoroscopy, Magnetic Resonance Imaging Systems, Ultrasound, Computed Tomography Scanners, Endoscopes, Positron Emission Tomography, and Single Photon Emission Computed Tomography.
On the basis of application, the global image guided surgery devices market is categorized as Oncology, Neurosurgery, ENT, and Orthopedic, where the neurosurgery application leads the market. Some of the factors responsible for the growing share of neurosurgery application segment in the global image guided surgery devices market are increased accuracy in operating procedures and minimum risk of hazards to nonsurgical sites in the brain. The orthopedic surgery application is expected to at the highest CAGR in the coming years, due to increasing geriatric population and up surging incidence of road accidents. According to the Association for Safe International Road Travel, approximately 25 million to 45 million people are injured or become disabled, due to road accidents every year. The need for orthopedic surgeries with image guided technology is expected to increase in the coming years, due to high number of road accidents.
Some of the factors driving the growth of the global image guided surgery market are increased healthcare expenditure, up surging demand for better healthcare facilities, growing government initiatives and advances in image guided surgery devices, leading to its increased popularity. The image guided surgery is the combination of imaging dataset with real time operative field for assisting and tracing to reach the exact location of the surgical site. Due to increasing demand for minimally invasive surgeries, the adoption of image guided surgeries is increasing. Some of the factors driving the demand of minimally invasive surgeries are reduction in surgical scars, minimum surgery time, and rapidly healing surgical wounds.
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Some of the competitors in the image guided surgery devices market are Toshiba Corporation, Siemens Healthcare, Zimmer Holdings Inc., KARL STORZ GmbH & CO. KG., Brainlab AG, General Electric Company, Koninklijke Philips N.V., St. Jude Medical Inc., Varian Medical Systems Inc., and Brainlab AG.
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