The global orthopedic imaging equipment market, valued at US$ 9.8 billion in 2021, is projected to grow significantly, reaching US$ 14.6 billion by 2031. This growth is fueled by the rising number of accidents, sports-related injuries, and bone fractures, which are increasing the demand for advanced orthopedic diagnostic imaging technologies.
Orthopedic imaging equipment, such as X-ray machines, MRI systems, and CT scanners, plays a vital role in diagnosing fractures, joint injuries, and other musculoskeletal disorders. With advancements in imaging technology, healthcare providers can achieve greater precision in diagnostics and treatment planning, further driving market adoption.
A Comprehensive Full Report – https://www.futuremarketinsights.com/reports/orthopaedic-imaging-market
Key Market Drivers:
- Growing Incidence of Injuries: Increasing road accidents and sports-related trauma are significantly boosting demand for orthopedic imaging equipment.
- Aging Population: The rising prevalence of age-related conditions like osteoporosis and arthritis is driving the need for orthopedic diagnostics.
- Technological Advancements: Innovations in imaging technology, such as 3D imaging and AI-based diagnostic tools, are improving accuracy and efficiency.
- Healthcare Infrastructure Expansion: Growing investments in healthcare facilities in emerging markets are enhancing access to advanced diagnostic equipment.
Market Outlook:
The orthopedic imaging equipment market is set to experience robust growth as healthcare providers increasingly prioritize early and accurate diagnosis of bone-related conditions. With a strong focus on technological advancements and expanding healthcare access, the industry is well-positioned to cater to the growing demand.
By 2031, orthopedic imaging will play an even more crucial role in addressing the global burden of musculoskeletal disorders, ensuring improved patient outcomes and quality of care.
Growth Drivers
- Rising Incidence of Orthopedic Injuries: The growing number of accidents and sports-related injuries is driving the need for effective diagnostic imaging solutions in orthopedics.
- Technological Advancements: Innovations in imaging technologies, such as MRI, CT scans, and ultrasound, are enhancing the capabilities of orthopedic diagnostics, leading to increased adoption.
- Aging Population: An increasingly aging population is more prone to orthopedic disorders, further fueling the demand for imaging equipment.
- Healthcare Infrastructure Expansion: Investments in healthcare infrastructure and the expansion of diagnostic imaging services are expected to support market growth.
Market Trends
- The market is expected to see a shift towards advanced imaging modalities that provide better diagnostic accuracy and patient outcomes.
- There is a notable increase in the acceptance and rapid expansion of new technologies, particularly in emerging economies like India and China.
Regional Insights
- North America currently holds a significant share of the orthopedic imaging equipment market, driven by advanced healthcare infrastructure and high adoption rates of innovative technologies.
- The Asia-Pacific region is anticipated to witness the fastest growth due to rising healthcare investments and an increasing geriatric population.
Competitive Landscape
Companies in the orthopedic imaging equipment market are pursuing new product innovations and launches, regulatory approvals, and expansion of their product portfolios as key strategies.
Key players are also focusing on the development of advanced and cost-effective products establishing distribution agreements to expand their global footprints, especially in Asia Pacific.
Moreover, companies are targeting Indian and China markets by establishing manufacturing units in order to reduce manufacturing costs. For instance:
- Canon Inc. purchased Toshiba Corp.’s medical division in December 2016. Canon Inc. has joined the diagnostic imaging devices market as a result of the purchase, using Toshiba Medicals’ diagnostic imaging expertise. Canon’s biomedical industry would be strengthened much more as a result of this purchase.
- On September 2016, FDA approved the OnSight 3D Extremity System by Carestream Health. This system offers high-quality point-of-care imaging for sports and orthopedic practices.
- Siemens Healthineers opened its next-generation manufacturing plant in Bengaluru in September 2019, with a total investment of INR 200 million, to create diagnostic imaging and advanced therapies products.
Key Companies Profiled
General Electric Healthcare Limited; Siemens AG; Esaote SPA; Hitachi Ltd; Koninklijke Philips N.V; Planmed OY; EOS imaging; Canon Medical Systems Corporation; Neusoft Corporation; Carestream Health
Orthopedic Imaging Equipment Market by Category
By Product:
- X-Ray Systems
- CT-Scanner
- MRI Systems
- EOS Imaging Systems
- Ultrasound
- Nuclear Imaging Systems
By Indication:
- Acute injuries
- Sports injuries
- Trauma cases
- Chronic Disorders
- Osteoarthritis
- Osteoporosis
- Prolapsed Disc
- Degenerative joint diseases
- Others
By End-User:
- Hospitals
- Radiology Centers
- Emergency Care Facility
- Ambulatory Surgical Centers
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa (MEA)
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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