Market Analysis: Global Orthopaedic Imaging Equipment Market
Global Orthopaedic Imaging Equipment Market is expected to rise from its initial estimated value of USD 6.1 Billion in 2018 to an estimated value of USD 9 Billion by 2026 registering a CAGR of 4.9%. The continuous demand for advanced technology to enhance the solution is key factor to growth.
Market Definition: Global Orthopaedic Imaging Equipment Market
Orthopaedic imaging equipment is imaging devices used to diagnose specific nature of musculoskeletal injury or condition. These devices widely used in Hospitals, Radiology Centers, Emergency Care Facility, Ambulatory Surgical Centers.
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Market Drivers
Rising preference for point-of-care devices
Rising number of bone-related ailments, fractures and disorders
Growing public-private investments and funding
Market Restraint
Rising cost of clinical trials
Stringent regulations associated with commercialization of orthopaedic imaging devices.
Segmentation: Global Orthopaedic Imaging Equipment Market
By Product Type
X-Ray Systems
CT-Scanner
MRI Systems
EOS Imaging Systems
Ultrasound
Nuclear Imaging Systems.
By Indications
Acute injuries
Sports injuries
Trauma cases
Chronic disorders
Osteoarthritis
Osteoporosis
Prolapsed disc
Degenerative joint diseases
By End – User
Hospitals
Radiology centers
Emergency care facility
Ambulatory surgical centers
By Geography
North America
South America
Europe
Asia-Pacific
Middle East and Africa
Key Market Competitors: Global Orthopaedic Imaging Equipment Market
Few of the major market competitors currently working in the global orthopaedic imaging equipment market are General Electric Company, Siemens AG, Koninklijke Philips N.V., CANON MEDICAL SYSTEMS CORPORATION, Hitachi, Ltd., Esaote SpA, Planmed OY, Hologic, Inc., Shimadzu Analytical (India) Pvt. Ltd. , FUJIFILM Holdings Corporation, Stryker, Zimmer Biomet, Medtronic, Össur Corporate, Smith & Nephew, DePuy Synthes, NuVasive®, Inc., Wright Medical Group N.V., Globus Medical Inc., DJO Global, among others..
Key Developments in the Market:
In March 2019, the Orthopaedic Implant Company launched new product a 5.5mm PEEK suture anchor system for orthopedic surgery. The implant that offers flexibility, at a cost-effective price. Through this Orthopaedic Implant Co. enters sports medicine market.
In January 2019, Carestream Health, New York-based medical imaging and IT Company announced that they got awarded with 42 U.S. patents from the U.S. Patent and Trademark Office in 2018. There imaging system can help in treating a host of orthopaedic conditions.
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Competitive Analysis: Global Orthopaedic Imaging Equipment Market
The global orthopaedic imaging equipment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions and others to increase their footprints in this market. The report includes market shares of orthopaedic imaging equipment market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.