San Francisco,8 October
2018: The global image-guided
therapy systems market size is expected to reach USD 4.95
billion by 2025, according to a new report by Grand View Research, Inc. The
market is estimated to exhibit a healthy CAGR of 6.3% during the forecast
period. Growing geriatric population base and cases of chronic diseases are
expected to boost the market demand. Other factors propelling the market growth
include rising preference for minimally invasive surgeries and technological
advancements in image-guided therapy systems. Various initiatives undertaken in
the area of cancer radiotherapy is also one of the important factors driving
the market.
New product launches by major companies is
also having a positive impact on the market development. For instance, in
February 2017, Philips launched a next-generation image guided therapy platform
called Azurion for advancing patient care. Growing adoption of such advanced
systems is expected to drive the market. Development of this system was aimed
at optimizing interventional lab performance, thereby ensuring superior care
delivery. Increasing number of initiatives undertaken by public and private
firms in the area of cancer radiotherapy is also estimated to have a positive
impact on the market growth.
In addition, many academic institutions are
also investing in cancer radiotherapy projects for increasing the effectiveness
of treatment therapies. This is also likely to contribute toward market
expansion. The development of Image-guided Therapy Program by the Brigham and
Women’s Hospital aimed at advancing imaging and therapeutic technologies for
developing minimally invasive surgical and interventional techniques is an
example of one such initiative.
Access
Research Report of Image-guided Therapy
Systems Market @ www.grandviewresearch.com/industry-analysis/image-guided-therapy-systems-market
Further key findings from the study suggest:
· Endoscopes segment accounted for the
largest revenue share in 2017 owing to technological advancements, high volume
of endoscope-guided surgeries, and rising preference for minimally invasive
surgeries
· Cardiac surgery emerged as the largest
application segment in 2017. This growth is attributed to rising prevalence of
target diseases, preference for minimally invasive cardiac surgeries, and
R&D initiatives aimed at developing real-time cardiac interventions systems
· Hospitals emerged as the largest end-use
segment in 2017. However, Ambulatory Surgery Centers (ASCs) segment is
projected to expand at the fastest CAGR of 7.3% over the forecast period
· North America emerged as the largest
regional market. Asia Pacific is anticipated to exhibit the fastest growth rate
of 7.6% during the forecast period
· The market is consolidated with the
presence of Koninklijke Philips N.V., Siemens Healthineers, GE Healthcare, and
Fujifilm Holdings Corporation accounting for the majority market share.
Analogic Corporation; Varian Medical Systems, Inc.; Brainlab AG; Medtronic PLC;
and Stryker Corp. are several other prominent companies in the market.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the
global image-guided therapy systems market on the basis of product,
application, end use, and region:
Image-guided Therapy Systems Product
Outlook (Revenue, USD Million, 2014 - 2025)
·
Computed Tomography (CT) Scanners
·
Ultrasound Systems
·
Magnetic Resonance Imaging (MRI)
·
Endoscope
·
X-ray Fluoroscopy
·
Positron Emission Tomography (PET)
·
Single Photon Emission Computed Tomography
(SPECT)
Image-guided Therapy Systems Application
Outlook (Revenue, USD Million, 2014 - 2025)
·
Cardiac Surgery
·
Neurosurgery
·
Orthopedic Surgery
·
Urology
·
Gastroenterology
·
Oncology Surgery
·
Others
Image-guided Therapy Systems End-use
Outlook (Revenue, USD Million, 2014 - 2025)
·
Hospitals
·
Ambulatory Surgical Centers (ASCs)
·
Clinics
·
Research & Academic Institutes
Image-guided Therapy Systems Regional
Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
·
Europe
o
Germany
o
U.K.
o
France
o
Russia
o
Italy
o
Spain
o
Netherlands
o
Sweden
·
Asia Pacific
o
China
o
India
o
Australia
o
Singapore
·
Latin America
o
Brazil
·
Middle East & Africa
o
South Africa
o
Saudi Arabia
Access Press Release of
Image-guided Therapy Systems Market@ www.grandviewresearch.com/press-release/global-image-guided-therapy-systems-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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