This report on the global image guided surgery devices market analyzes the current and future prospects of the market. The report comprises an elaborate executive summary, including a market snapshot that provides overall information of various segments and sub-segments.
The research is a combination of primary and secondary research. Primary research formed the bulk of our research efforts along with information collected from telephonic interviews and interactions via e-mails. Secondary research involved study of company websites, annual reports, press releases, stock analysis presentations, and various international and national databases. The report provides market size in terms of US$ Mn for each segment for the period from 2015 to 2025, considering the macro and micro environmental factors. Growth rates for each segment within the global image guided surgery devices market have been determined after a thorough analysis of past trends, demographics, future trends, technological developments, and regulatory requirements.
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Global Image Guided Surgery Devices Market Witness Most Promising Rise in Demand:
Conventional surgical procedures are time consuming and less accurate, with risk of hazards to nearby nonsurgical area involved. Hence, demand for surgical techniques with enhanced accuracy and lesser turnaround time is increasing rapidly. Image guided surgical techniques offer advantages such as rapid surgical wound healing, minimum surgical scars and enhanced accuracy during surgical operations. Therefore, demand for image guided surgical procedures is increasing rapidly across the world.
Geographically, the image guided surgery devices market has been categorized into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America was the largest market in 2016, followed by Europe. High health care expenditure, reimbursement coverage, high rate of adoption of new technologies and availability of skilled health care professionals to perform technically advanced surgeries are some of the factors driving the growth of the image guided surgery devices market in North America and Europe.
On the other hand, the image guided surgery devices market in Asia Pacific is anticipated to grow at the higher CAGR compared to other regions during the forecast period from 2017 to 2025. Rapidly growing medical tourism industry is boosting demand for image guided surgeries in Asia Pacific. Moreover, government initiatives to support the growth of the health care industry and rising disposable income are some of the factors anticipated to support the growth of the image guided surgery devices market in Asia Pacific. The image guided surgery devices market in Latin America is a promising market, offering significant growth opportunities due to the presence of regulatory framework and increasing awareness about the benefits of image guided surgeries.
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Market revenue in terms of US$ Mn for the period between 2015 and 2025 along with the compound annual growth rate (CAGR %) from 2017 to 2025 are provided for all the segments, considering 2016 as the base year. Market size estimations involved in-depth study of services and product features of different types of applications. Additionally, market related factors such as increasing preference for technologically advanced products, product innovation, and increasing incidences and prevalence of chronic diseases and traumas in various geographies and historical year-on-year growth have been taken into consideration while estimating the market size.
Key Players of Image Guided Surgery Devices Market Report:
The report also profiles major players in the image guided surgery devices market based on various attributes such as company overview, financial overview, SWOT analysis, key business strategies, product portfolio, and recent developments. Key companies profiled in the report include GE Healthcare, Siemens Healthineers, Olympus Corporation, Medtronic, Koninklijke Philips N.V., Analogic Corporation, Brainlab AG, KARL STORZ GmbH & Co. KG, Stryker, Varian Medical Systems, Inc.
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