North America to Lead Image Guided Surgery Devices Market with 1/3 Share – Fact.MR

The market study for image-guided surgery devices from Fact.MR predicts robust growth, with a projected 8.4% compound annual growth rate throughout the 2022–2032 evaluation period. By the end of 2032, the market is expected to be valued at US$ 16.1 billion, according to the analysis.

Medical care is still being revolutionized by technological progress. This not only makes early diagnosis possible, but it also offers safer and more effective treatment alternatives. The newest trend in image-guided surgery that is assisting the market's growth is the increased use of robotics and other cutting-edge methods. In recent years, orthopedics and robotics CT-guided spine surgery have also developed and improved.

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For a number of reasons, including enabling access to deep tumors during meningioma surgery, identifying tumor locations deep within vital neurovascular pathways, and establishing the best craniotomy for superficial lesions, image-guided surgical instruments have been crucial to surgical procedures. In both pre-operative and post-operative planning, these tools enhance the visibility of the operating field to help steer clear of important brain structures. By lowering the chance of surgical errors and cutting down on operating, hospitalization, and recuperation time, it improves patient outcomes.

Country-wise Insights

Why is the U.S. a Key Market for Image Guided Surgery Equipment?
In 2021, the U.S. held 92.6% of the North American image guided surgery devices market and is projected to grow at a CAGR of 7.5%. This growth is driven by advancements in treatment facilities, research, and development centers.

The U.S. is actively introducing new products and pursuing expansion strategies to boost revenue and strengthen its market presence. These efforts are expected to drive increased sales of image guided surgery devices throughout the forecast period.

For example, in March 2021, Carestream Health, a U.S.-based company, launched the Lux 35 detector to enhance medical imaging, prioritizing the comfort of both patients and radiographers.

Competitive Landscape

Leading manufacturers in the image guided surgery devices market are increasingly forming partnerships with emerging companies to expand their reach and grow their customer base. A strong emphasis is placed on promoting products at scientific meetings and conferences, while acquisitions of smaller companies remain a key strategy for boosting business growth and strengthening market positions.

In January 2022, Alcon expanded its global surgical portfolio by acquiring Ivantis, Inc., adding the Hydrus Microstent to its offerings. Similarly, Siemens Healthineers introduced the Cios Flow Mobile C-arm System at RSNA 2020, aimed at enhancing surgical efficiency and improving patient care.

These developments, along with other recent advancements in the industry, have been closely tracked by Fact.MR and are detailed in the full report.