Intraoperative imaging Market to Surpass US$ 3,868.3 Million by 2027 - Coherent Market Insights

The global intraoperative imaging market, by Device Type (Intraoperative X-Ray, Intraoperative MRI, Intraoperative CT, Intraoperative Ultrasound, Intraoperative Radiation Therapy, and Intraoperative Optical Imaging (Probes/Devices)), by Application (Neurosurgery, Orthopedic Surgery, Spine Surgery, Cardiovascular, Gastro, and Others), by Technology (Intraoperative Ultrasonography, Intraoperative Fluorescence Imaging, Intraoperative Augmented Reality, Intraoperative Optical Coherence Tomography, and Ex Vivo MRI), by End User (Hospitals & Clinics, Ambulatory Surgical Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 2,410.7 million in 2019, and is expected to exhibit a CAGR of 6.1%, during the forecast period (2019-2027), as highlighted in a new report published by Coherent Market Insights.

In the recent past, several key players in the market received approval for their novel diagnostic tools and launched them in the market. Product approval and launches of such novel tools in the market are expected to create a lucrative environment for growth of the global intraoperative imaging market over the forecast period. For instance, in April 2018, Canon Medical Systems received 510 (k) clearance from the U.S. Food and Drug Administration for its new Aquilion Precision (CT) scanner. Aquilion Precision is an ultra-high resolution CT system (UHR CT).

The increasing application areas of this imaging system include pharmaceutical and biotechnological industries along with medical diagnostics and therapeutics, which is expected to drive the intraoperative optical imaging segment growth over the forecast period. For instance, optical imaging offers greater flexibility due to its multispectral potential and high resolution, which helps in the diagnosis and treatment of atherosclerosis and related diseases.

Browse 45 Market Data Tables and 43 Figures spread through 225 Pages and in-depth TOC on Intraoperative Imaging Market, by Device Type (Intraoperative X-Ray, Intraoperative MRI Intraoperative CT, Intraoperative Ultrasound, Intraoperative Radiation Therapy, and Intraoperative Optical Imaging (Probes/Devices)), by Application (Neurosurgery, Orthopedic Surgery, Spine Surgery, Cardiovascular, Gastro, and Others), by Technology (Intraoperative Ultrasonography, Intraoperative Fluorescence Imaging, Intraoperative Augmented Reality, Intraoperative Optical Coherence Tomography, and Ex Vivo MRI), by End User (Hospitals & Clinics, Ambulatory Surgical Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to 2027'

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Furthermore, rising adoption of inorganic growth strategies such as acquisitions, partnerships, and collaborations by key players is expected to drive the intraoperative imaging market growth over the forecast period. For instance, in September 2018, Medtronic Plc. acquired Mazor Robotics, an Israel-based medical device company and manufacturer of robotic guidance system for spine surgery. With this acquisition, Medtronic intends to offer a fully integrated procedural solution for surgical planning, by combining Medtronic’s spine implants, navigation, and intraoperative imaging technology with Mazor Robotics’ solutions.  Moreover, in January 2018, GE Healthcare and Roche Diagnostics entered into collaboration for development of digital clinical decision support solutions software that integrates in-vivo and in-vitro diagnostic data, which is useful for healthcare diagnostic treatment.

Furthermore, increasing product launches is expected to drive growth of the global intraoperative imaging market during forecast. Key players in the market have launched various novel MRI scanners with unique features. For instance, in March 2018, Philips Healthcare launched its latest 3-tesla MRI scanner, Ingenia Elition 3.0T at European Society of Radiology (ESR) held at Vienna. New Elition 3.0T reduces scanning time by 50%, aids in improving patient’s experience, and provides a good image quality.

Key Takeaways of the Global Intraoperative Imaging Market:

• The global intraoperative imaging market is expected to exhibit a CAGR of 6.1% during the forecast period (2019-2027), owing to development and launch of new products in the market. For instance, in 2017, Samsung NeuroLogica launched its new OmniTom mobile 16-slice computed tomography (CT) scanner at the Radiological Society of North America (RSNA) 2017 Annual Meeting. In August 2017, OmniTom received 510(k) U.S. FDA clearance for the U.S. market.
• Furthermore, increasing regulatory approvals of intraoperative imaging is expected to drive the market growth over the forecast period. For instance, in February 2019, Sensus Healthcare, Inc., a medical device company specializing in highly effective, non-invasive treatments for both oncological and non-oncological conditions received the U.S. FDA market approval for its Sculptura radiation oncology system. Sculptura is a robotic intraoperative radiation therapy system that uses the company’s Beam Sculpting technology during surgery for the treatment of cancer.
• Major players operating in the global intraoperative imaging market include Siemens Healthineers, Medtronic PLC., Koninklijke Philips NV, General Electric Company, IMRIS, Deerfield Imaging, Inc., NeuroLogica Corporation, Ziehm Imaging GmbH, Brainlab AG, and Carl Zeiss Meditec AG