Global Image Guided Surgery Devices Market to Witness 7.3% CAGR During 2025-2030, Attaining the Market Size of USD 9.3 billion by 2030

Published Date: Feb, 2024

The global image-guided surgery devices market is predicted to grow at 7.3% CAGR during the forecast period with the market size reaching USD 9.3 billion by 2030. The market is driven by factors such as expanding the geriatric population, expanding the geriatric population, escalating occurrence of chronic diseases, and mounting occurrence of neurosurgery. Moreover, escalating adoption of minimally invasive surgery, intensifying healthcare expenditure, the mounting occurrence of neurological disorders, and mounting awareness of healthcare are further fuelling the growth of the market.

The market for image-guided surgery devices is primarily driven by increasing demand and penetration of image-guided surgery devices. It visually correlates intraoperative anatomy with preoperative CT scan. Image-guided surgery devices are used for guiding surgeons during the surgery. It enhances accuracy during the surgery, decreases procedure time, reduces complexity, and insignificant surgical scar. It is majorly used in oncology, neurology, cardiology, and orthopedic. This offers market players immense opportunities for clinical trials, which will drive their revenue growth. For instance, according to GLOBOCAN globally, approximately 14.1 million new cancer cases were diagnosed and there were 8.2 million cancer deaths in 2012.

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Among all products, computed tomography segment holds the largest share in the image-guided surgery devices market globally, owing to lesser turnaround time for critical and complicated surgeries, and benefits such as the requirement for investigative surgeries, improving cancer diagnosis and treatment and determining when surgeries are necessary. The magnetic resonance imaging segment is witnessing the highest growth in the market globally, owing to an upsurge in the precision of the operating procedure.

The different applications of, the image-guided surgery devices market are cardiac surgery, neurosurgery, orthopedic surgery, urology, gastroenterology, oncology surgery, and others. Of all these applications, the orthopedic surgery category is predicted to witness the highest CAGR during the forecast period owing to expanding the geriatric population, and mounting occurrence of road accidents. In addition, of all these applications, the neurosurgery category accounted the largest share in the image-guided surgery devices market owing to an upsurge in the precision of the operating procedure, the mounting occurrence of neurological disorder and diseases, and least threat of injury to non-surgical sites in the brain.

Global Image Guided Surgery Devices Market Segmentation and Key Players

Segment / Key Players

Categorization

Product

X-Ray Fluoroscopy, Computed Tomography (CT), Magnetic Resonance Imaging (MRI), Ultrasound, Endoscopes, Single-Photon Emission Computed Tomography (SPECT), and Positron Emission Tomography (PET)), Application (Cardiac Surgery, Neurosurgery, Orthopedic Surgery, Urology, Gastroenterology, Oncology Surgery, and Others

End User

Hospitals, Ambulatory Surgical Centers (ASCs), and Others

Key Players

Siemens AG, Koninklijke Philips N.V, Medtronic Plc, Stryker Corporation, Hitachi, Ltd., Varian Medical Systems, Inc., Smith & Nephew plc, KARL STORZ GmbH & Co. KG., Zimmer Holdings, Inc., and General Electric

Based on end user the image-guided surgery devices market is segmented into hospitals, ambulatory surgical centers (ASCs), and others. Of all the end users, ASCs are expected to grow at the fastest rate during the forecast period, globally.

North America accounted for the major share in the image-guided surgery devices industry in 2017, globally as the occurrence of neurological disorder is increasing, availability of a skilled professional, escalating healthcare awareness, and expanding the geriatric population.

In addition, high rate of adoption of novel technologies, the mounting demand of minimally invasive surgery, escalating occurrence of chronic diseases, increasing demand and penetration of image-guided surgery devices, and intensifying healthcare expenditure are some of the factors facilitating the growth of the North American image-guided surgery devices market. For instance, according to GLOBOCAN in the U.S., approximately 1.6 million new cancer cases were diagnosed and there were 0.6 million cancer deaths in 2012.

Moreover, Asia-Pacific is observed to witness the fastest growth in the image-guided surgery devices market, owing to mounting healthcare expenditure, intensifying healthcare awareness, escalating occurrence of chronic diseases, and a large population base. Improving healthcare infrastructure, the mounting demand for minimally invasive surgery, expanding the geriatric population, and rapid growth in medical tourism are some of the factors fuelling the growth of the Asia-Pacific image-guided surgery devices market.

Key players in the image-guided surgery devices industry are investing in the development of advanced, which is strengthening their position in the marketSiemens AG, Koninklijke Philips N.V, Medtronic Plc, Stryker Corporation, Hitachi, Ltd., Varian Medical Systems, Inc., Smith & Nephew plc, KARL STORZ GmbH & Co. KG., Zimmer Holdings, Inc., and General Electric are some of the key players offering image-guided surgery devices.

Global Image-Guided Surgery Devices Market Coverage

Product Insight and Forecast 2025-2030

  • X-Ray Fluoroscopy
  • Computed Tomography (CT)
  • Magnetic Resonance Imaging (MRI)
  • Ultrasound
  • Endoscopes
  • Single-Photon Emission Computed Tomography (SPECT)
  • Positron Emission Tomography (PET)

Application Insight and Forecast 2025-2030

  • Cardiac Surgery
  • Neurosurgery
  • Orthopedic Surgery
  • Urology
  • Gastroenterology
  • Oncology Surgery
  • Others

End User Insight and Forecast 2025-2030

  • Hospitals
  • Ambulatory Surgical Centers (ASCs)
  • Others

Geographical Segmentation

Image Guided Surgery Devices Market by Region

North America

  • U.S.
  • Canada
  • Mexico

Europe

  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific

  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Rest of the World

  • Brazil
  • South Africa
  • Saudi Arabia
  • U.A.E
  • Other countries