Fluoroscopy is an imaging technique that makes use of X – Ray technology for taking real-time images of the body, allowing physicians to visualize internal organs, muscles, and bones; and helps them make critical decisions during surgery with minimum patient discomfort. Initially fluoroscopy devices used image intensifiers; however new technology based fluoroscopy devices use flat panel detectors for digital image processing that significantly reduces the radiation dose administered to the patient. The global Fluoroscopy and C – Arms market is likely to exhibit a CAGR of 4.5% during the forecast period (2016–2024) with market revenue expected to increase from US$ 2,901.3 Mn in 2015 to US$ 4,290.5 Mn by 2024.
Factors and trends influencing the market
Rising awareness of interventional surgeries is expected to fuel revenue growth of the global Fluoroscopy & C – Arms market over the forecast period. Also, a shift towards a value based healthcare model, increasing number of hospital mergers and consolidations, increasing adoption of minimally invasive surgeries, a growing demand for enhanced imaging technology, and rising demand for C – Arms in cardiology and vascular surgery is likely to boost market growth in the coming years.
However, high cost of fluoroscopy devices and C – Arms is likely to restrict market growth during the forecast period. The global Fluoroscopy & C – Arms market presents good opportunities for leading market players owing to an increasing demand for C – Arms in emerging markets. The market is likely to witness some key trends in the next few years – the primary one being an increased use of mobile C – Arms as compared to fixed systems.
The global Fluoroscopy and C – Arms market has been segmented by Product Type into C – Arms and Fluoroscopy Devices; and by End User into Hospitals, Diagnostic Centers, and Specialty Clinics. In the Product Type category, the C – Arms segment is estimated to account for 74.4% revenue share of the global Fluoroscopy and C – Arms market by 2016 end. In the End User category, the Hospitals segment is anticipated to reach US$ 3522.6 Mn by 2024, registering a CAGR of 4.9% over the forecast period.
The global Fluoroscopy and C – Arms market has been segmented into the five major regions of North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. The North America market is expected to register the highest CAGR over the forecast period in the global Fluoroscopy and C – Arms market. The market in North America is estimated to account for 36.7% share of the global market by the end of 2016. High demand for new technology like flat panel detectors and low cool down period are expected to increase the demand for fluoroscopy and C – Arms in North America. The APAC market is expected to register a CAGR of 4.2% over the forecast period and is estimated to reach US$ 677.5 Mn by 2024. The Europe Fluoroscopy and C – Arms market is anticipated to reach US$ 1273.8 Mn by the end of 2024, expanding at a CAGR of 4.5% over the forecast period. Europe is likely to be the second most lucrative regional market in the global Fluoroscopy and C – Arms market.
Key market players
GE Healthcare (General Electric Company), Koninklijke Philips N.V., Siemens Healthineers (Siemens AG), Hologic, Inc., and Ziehm Imaging are the leading companies operating in the global Fluoroscopy and C – Arms market. The global market is highly consolidated due to the high prices of Fluoroscopy and C – Arms equipment and a large capital required for manufacturing the systems. This has led to a strong competition among leading market players. Manufacturers of Fluoroscopy and C – Arms systems are introducing innovative and cost-effective systems to increase their geographical footprint and strengthen individual market share especially in emerging markets.
This new publication from Persistence Market Research examines the market performance of the global Fluoroscopy and C – Arms market over an eight-year forecast period 2016–2024. The primary objective of the report is to offer updates and information related to market opportunities in the Global Fluoroscopy and C – Arms Market. The report also focuses on the key factors, restraints, and trends likely to impact the market during the forecast period.
To present market opportunities in a structured manner across the global Fluoroscopy and C – Arms market, the report is strategically categorized into three sections – By Product Type, By End User, and By Region. The report covers the global Fluoroscopy and C – Arms market performance in terms of revenue contribution from various segments. Impact analysis of key growth drivers and restraints helps equip clients with pertinent insights for informed decision making. The global Fluoroscopy and C - Arms market report begins with an overview of the market. This section also underlines factors influencing the growth of the global Fluoroscopy and C – Arms market along with a detailing of the key trends, drivers, restraints, opportunities, and regulations. Impact analysis of key regional growth drivers and restraints based on the weighted average model along with key region-specific trends is also included to provide the relevant market information to stakeholders.
The subsequent sections of the report present a detailed analysis for every segment and sub-segment in terms of market size, Y-o-Y growth rate, absolute $ opportunity, market attractive index, and BPS analysis. An entire section of the report is devoted to a comprehensive analysis of growth trends and market performance of the Fluoroscopy and C - Arms market across the identified regions. The analysis provides a market outlook for 2016–2024 and sets the forecast within the context of the global Fluoroscopy and C – Arms market. The study discusses key regional trends contributing to the growth of the Fluoroscopy and C – Arms market worldwide and analyses the extent to which drivers are influencing this market in each region. The report evaluates the present scenario and future growth prospects of the global Fluoroscopy and C – Arms market for the period 2016 –2024, considering 2015 as the base year with data provided for the coming eight years.
The final section of the report presents a detailed competitive landscape with profiles of the leading companies operating in the global Fluoroscopy and C – Arms market. This section includes company-specific long-term and short-term strategies, key offerings, and recent developments of key market players to enable the reader to acquire the necessary business insights. The report profiles the following leading companies operating in the global Fluoroscopy and C – Arms market: GE Healthcare (General Electric Company), Koninklijke Philips N.V., Siemens Healthineers (Siemens AG), Hologic, Inc., and Ziehm Imaging.
Persistence Market Research follows a systematic research approach starting with market profiling based on in-depth secondary research; data collection after detailed discussions with key industry players; data validation using the triangulation method; and data analysis using advanced tools to arrive at pertinent qualitative and quantitative industry insights. Given the volatile nature of the economy, the report conduct forecasts not only in terms of CAGR, but also analyzes the same on the basis of key parameters such as Year-on-Year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities for key market players. Another important feature of this report is the analysis of all the main segments in terms of absolute dollar opportunity, critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective. To understand key segments in terms of their growth and performance in the global Fluoroscopy and C – Arms market, Persistence Market Research has developed a market attractiveness index to help providers identify existing market opportunities.