Global Video and Image Guided Systems Market, By Type (Interventional CT Image-Guided Systems, Interventional X-Ray Image-Guided Systems, Interventional MRI Image-Guided Systems, Interventional Ultrasound Image-Guided Systems, Others), Product (Positron Emission Tomography (PET), Magnetic Resonance Imaging (MRI), Others), Application (Oncology, Cardiology and Electrophysiology, Neurosurgery, Urology, Others), End User (Ambulatory Surgery Centers, Hospitals, Clinics) – Industry Trends and Forecast to 2030.
Video and Image Guided Systems Market Analysis and Size
According to the United Nations-World Population Prospects 2019, approximately 16% of the global population, or one in every six people, will be over the age of 65 by 2050, up from 9% in 2019. According to the WHO, the leading cause of death worldwide is shifting away from infections and toward chronic conditions such as high cholesterol, hypertension, cancer, and cognitive heart disease. As a result, the demand for image-guided therapy systems to treat these conditions is expected to increase in the coming years.
Data Bridge Market Research analyses that the video and image guided systems market which was USD 4.7 billion in 2022, is expected to reach USD 7.21 billion by 2030, at a CAGR of 5.50% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Video and Image Guided Systems Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Interventional CT Image-Guided Systems, Interventional X-Ray Image-Guided Systems, Interventional MRI Image-Guided Systems, Interventional Ultrasound Image-Guided Systems, Others), Product (Positron Emission Tomography (PET), Magnetic Resonance Imaging (MRI), Others), Application (Oncology, Cardiology and Electrophysiology, Neurosurgery, Urology, Others), End User (Ambulatory Surgery Centers, Hospitals, Clinics)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Abbott (U.S.), Koninklijke Philips N.V. (Netherlands), Siemens Healthcare Private Limited (Germany), General Electric (U.S.), FUJIFILM Holdings Corporation (Japan), Medtronic (Ireland), Brainlab AG (Germany), Varian Medical Systems, Inc. (U.S.), CANON MEDICAL SYSTEMS CORPORATION (Japan), Analogic Corporation (U.S.), TOSHIBA CORPORATION (Japan), Hitachi, Ltd (Japan), Elekta (Sweden)
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Market Opportunities
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Market Definition
Video and Image Guided Systems are used during a surgical procedure in which a surgeon uses real-time images of the inside of the body to guide the procedure. Image guided systems are primarily used to locate an intracranial lesion for resection or biopsy. The main advantage of endoscopic sinus surgery is that it avoids disrupting potentially dangerous areas such as the brain and orbit. These systems employ computerized tracking devices to monitor the position of endoscopic instruments relative to anatomical landmarks within the patient's body parts.
Global Video and Image Guided Systems Market Dynamics
Drivers
- Rising minimally invasive therapies
The growing preference for minimally invasive therapies is also driving industry expansion. According to a national survey by Johns Hopkins Medicine, using minimally invasive surgeries for certain common procedures can reduce postoperative complications while also controlling healthcare costs. As a result, the market for minimally invasive video and image guided systems is expected to grow.
- Advancements to Surface in the Industry to Fuel Growth
Physicians can better visualise even the smallest interventional devices and provide better patient care to patients undergoing interventional procedures thanks to advanced image processing. This technology has several advantages, including programmable image display, in which the system works with new software to allow clinicians to optimize image viewing based on clinical preferences. Furthermore, the new processing is intended to reduce background noise, allowing physicians to see vasculature and cardiac devices more clearly.
Digital surgery combines operating room and software integration to create a continuous path for patient data. All of these factors are expected to create new market opportunities for the market.
Opportunities
- Increasing investments
Various initiatives to promote cancer radiotherapy, as well as increased private company investments in developing advanced video and image guided systems, are also contributing to market growth. Cancer Research UK, the Medical Research Council, and the National Institute for Health Research are just a few organizations involved in cancer radiotherapy research. For instance, at Stanford Medicine's Department of Radiation Oncology, research is being conducted to develop advanced cancer imaging, diagnostic, and minimally invasive treatment platforms.
Restraints/Challenges
- High costs associated with therapy systems
A lack of skilled professionals in developing countries, increased costs associated with therapy systems, and stringent procedures regulations are among the major factors acting as restraints, and will further challenge the growth of video and image guided systems during the forecast period.
This video and image guided systems market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the video and image guided systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In March 2022, Philips launched the Azurion System with an ambient experience with Flexvision. Ambient Experience with FlexVision connects to the Azurion image-guided therapy system to provide patients with a calming multi-sensory experience while staff prepares them for the procedure, before the display is used for the actual intervention.
- In February 2021, Philips launched ClarifEye Augmented Reality Surgical Navigation, an image-guided therapy solution for spine procedures. This solution has been designed to advance minimally-invasive spine procedures in hybrid operating rooms such as Philips' hybrid suite.
Global Video and Image Guided Systems Market Scope
The video and image guided systems market is segmented on the basis of type, product, end-user and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Interventional CT Image-Guided Systems
- Interventional X-Ray Image-Guided Systems
- Interventional MRI Image-Guided Systems
- Interventional Ultrasound Image-Guided Systems
- Others
Product
- Positron Emission Tomography (PET)
- Magnetic Resonance Imaging (MRI)
- Others
Application
- Oncology
- Cardiology and Electrophysiology
- Neurosurgery
- Urology
- Others
End User
- Ambulatory Surgery Centers
- Hospitals
- Clinics
Video and Image Guided Systems Market Regional Analysis/Insights
The video and image guided systems market is analyzed and market size insights and trends are provided by country, type, product, end-user and application as referenced above.
The countries covered in the video and image guided systems market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the video and image guided systems market due to increased income with the population of this region.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 owing to the use of new technologies and reimbursement policies of the government.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The video and image guided systems market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for video and image guided systems market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the video and image guided systems market. The data is available for historic period 2011-2021.
Competitive Landscape and Video and Image Guided Systems Market Share Analysis
The video and image guided systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to video and image guided systems market.
Some of the major players operating in the video and image guided systems market are:
- Abbott (U.S.)
- Koninklijke Philips N.V. (Netherlands)
- Siemens Healthcare Private Limited (Germany)
- General Electric (U.S.)
- FUJIFILM Holdings Corporation (Japan)
- Medtronic (Ireland)
- Brainlab AG (Germany)
- Varian Medical Systems, Inc. (U.S.)
- CANON MEDICAL SYSTEMS CORPORATION (Japan)
- Analogic Corporation (U.S.)
- TOSHIBA CORPORATION (Japan)
- Hitachi, Ltd (Japan)
- Elekta (Sweden)
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