Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the global Image Guided Therapy market. In addition, complete analysis of changes on the global image guided therapy market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. In terms of supply and demand, the pandemic has a negative impact on the image guided therapy market. As a result, during this epidemic, the global image guided therapy market is expected to experience a slowdown.
The global image guided therapy market is witnessing lucrative growth during the forecast period of 2022-2028. The increased burden of chronic diseases, coupled with a rise in the number of initiatives for cancer radiotherapy, is also positively impacting the market growth. The market players are focused on developing remote solutions, such as cloud-based training on virtual machines, amid the COVID crisis to provide remote guidance and support to the patients. The growing preference for minimally invasive therapies is also propelling the market growth. According to the national survey study conducted by Johns Hopkins Medicine in 2015, the use of minimally invasive surgeries for certain common procedures can reduce postoperative complications and can also control healthcare costs. This are the driving factors which is expected to increase the global image guided therapy market during the forecast period.
MRI-guided therapy system has high growth opportunities in the market. Technological advancements and the wide application range of these therapies in treatment planning, localization and delivery, and treatment response assessment are the key factors responsible for the segment growth. This factor is expected to increase the market opportunity in the market.
The major market restrain is the consumption of plant-based dairy products has been increased owing to the absence of lactose and cholesterol in the dairy products, which makes the products suitable for a group of population suffering from heart disease and lactose intolerance and in general for all.
The market growth challenge are the high costs involved in adapting to new technologies, production, have restricted image guided therapy from improving their operations. Moreover, the strict regulations of processes might further challenge the growth of the image guided therapy market in during the forecast period.
The report provides in-depth analysis of global image guided therapy market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With increasing demand for various image guided therapy in various applications has led the increasing demand for market and is expected to witness the growth at a specific CAGR from 2022-2028.
The Image Guided Therapy market is bifurcated into product type, end use, application and geography.
Based product type, the image guided therapy market is segmented into Ultrasound Systems, Computed Tomography (CT) Scanners, Positron Emission Tomography (PET), Endoscopes, Magnetic Resonance Imaging (MRI), X-ray Fluoroscopy, Single Photon Emission Computed Tomography. Endoscopes segment is expected to increase the market during the forecast period. Increased adoption of robot-assisted endoscopic surgeries and the high cost of the systems are the factors for market growth.
Based on end use, the image guided therapy market is bifurcated into Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Research & Academic Institutions Hospitals segment is expected to dominate the market during the forecast period. The increased number of various surgeries and high adoption of image-guided therapy systems in hospitals are the primary factors driving the segment. Hospitals are adopting these systems owing to the increasing need for cost-effectively optimizing clinical workflows.
Based on application, the image guided therapy market is categorized into Cardiac Surgery, Neurosurgery, Orthopedic Surgery, Urology, Oncology Surgery, Gastroenterology, Others. Cardiac surgery segment is the dominant in image guided therapy market. Rise in the geriatric population, coupled with the increasing burden of such diseases, is the major factor contributing to the segment growth.
The global image guided therapy market is studied for key countries such as North America, Europe, Asia Pacific and Rest of the World. The North America is anticipated as fastest growing region of the market in during the forecast period. Improved healthcare infrastructure, technological advancements, and quick adoption of advanced radiation therapies are the factors fueling the growth of this market. The growing geriatric population base, coupled with the rising cases of chronic diseases, is also contributing to the regional market growth. Addition to this favourable initiatives undertaken by private companies in the field of minimally invasive interventional and surgical techniques are expected to boost market expansion during the forecast period.
The competitive landscape analysis of Image Guided Therapy market is certainly based vast range of market players operating in the image guided therapy market. The key manufacturer significantly offer a range of product portfolio through various product types and application. Besides, the market has major competitive analysis based on new product launches as well as expansion and acquisitions. With the increasing trends, changing lifestyle, emerging COVID-19 cases the market players has increased their innovation further propelling the market with new growth avenue
The key players studied in the global Image Guided Therapy market are Koninklijke Philips N.V., Medtronic, Siemens Healthineers, Analogic Corporation, GE Healthcare, Varian Medical Systems, Inc., Brainlab AG, Olympus Corporation, Stryker among others.
Image guided therapy or image guided interventions help surgeons by navigating the devices inside the body of patients and provides a three dimensional image of the targeted area, making the surgery safer and less invasive. The constant flow of information enables surgeons to plan for surgery, make minute adjustments to treat across various therapeutic areas, including cardiac, vascular, endovascular, pain, trauma, urology, orthopedics, spine, and neurology. Image guided therapy devices also can be potentially used in the treatment of hypertension through renal denervation. As the fields of minimally-invasive interventions, interventional imaging, and image-guided surgery (IGS) continue to mature, the advancements in integration of image guided therapy system market with therapeutic modalities in real time is expected to lead to major growth during the forecast period.
The Image Guided Therapy market is bifurcated into product type, end use, application and geography. Based product type, the image guided therapy market is segmented into Ultrasound Systems, Computed Tomography (CT) Scanners, Positron Emission Tomography (PET), Endoscopes, Magnetic Resonance Imaging (MRI), X-ray Fluoroscopy, Single Photon Emission Computed Tomography. Endoscopes segment is expected to increase the market during the forecast period. Based on end use, the image guided therapy market is bifurcated into Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Research & Academic Institutions Hospitals segment is expected to dominate the market during the forecast period. Based on application, the image guided therapy market is categorized into Cardiac Surgery, Neurosurgery, Orthopedic Surgery, Urology, Oncology Surgery, Gastroenterology, Others. Cardiac surgery segment is the dominant in image guided therapy market. The global image guided therapy market is studied for key countries such as North America, Europe, Asia Pacific and Rest of the World. The North America is anticipated as fastest growing region of the market in during the forecast period.
1) Which are the major key players operating in global image guided therapy market across the globe?
Ans: The major key players operating in the market are Koninklijke Philips N.V., Medtronic, Siemens Healthineers, Analogic Corporation, GE Healthcare, Varian Medical Systems, Inc., Brainlab AG, Olympus Corporation, Stryker among others.
2) Which segment based on application accounts for the highest market share in 2021?
Ans: Among application, Cardiac surgery lens segment accounted for highest revenue in 2021, due to increasing eye disorder.
3) Which region is dominating in the image guided therapy during the forecast period?
Ans: The North America regions is anticipated to dominate the market in the global image guided therapy market.
