Image Guided Surgery Devices Market Top Players, Dynamics and Development Trends Forecast to 2022

Global Image Guided Surgery Devices Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Image Guided Surgery is also termed as IGS or Interventional radiology is an investigating, diagnosis, and image guided therapeutic management of vascular and non-vascular disease. The factors that are playing a major role in the growth of Image Guided Surgery Devices Industry are enhanced accuracy during surgical operations, fast surgical wound healing, and least surgical scars. On the other hand, high cost of devices may restrain the overall market growth.

Image Guided Surgery Devices Market is segmented based on device type, application, end users, and region. Device types such as Single Photon Emission Computed Tomography (SPECT), Computed Tomography (CT) Scanners, Positron Emission Tomography (PET), Ultrasound Systems, X-ray Fluoroscopy, Magnetic Resonance Imaging (MRI), and Endoscope classify the market.

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The Computed Tomography (CT) Scanners segment accounts for the largest market share of Image Guided Surgery Devices Industry and is estimated to lead the overall market in the years to come. The reason being, exclusively used from tumor detection to imaging of soft tissue structures like liver tissues, fat, and lungs. Applications into Oncology Surgery, Cardiac Surgery, Gastroenterology, Neurosurgery, Urology, Orthopedic Surgery, and others classify Image Guided Surgery Devices Market.

The neurosurgery segment accounts for the largest market share of Image Guided Surgery Devices Industry and is estimated to lead the overall market in the years to come. The reason being, least risk of hazards to nonsurgical sites and grows accuracy in operating procedures. On the other hand, orthopedic surgery segment is estimated to grow at fastest pace in the years to come. End users such as Research & Academic Institutes, Hospitals, Clinics, Ambulatory Surgical Centers, and others classify the industry.

Image Guided Surgery Devices Market is segmented geographically into Americas (North America, Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa. Globally, North America accounts for the largest market share of the market and is estimated to lead the overall market in the years to come. The reason being, availability of skilled health care personnel to handle enhanced technology, high health care expenditure, rising use of enhanced technology, and repayment coverage. Europe and Asia Pacific follow suit.

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On the other hand, Asia Pacific is estimated to grow at fastest pace in the years to come. Moreover, it is estimated to grow at highest CAGR in the upcoming years. The reason being, fast growth of medical tourism industry, government initiative, and rising disposable income. The key players of Image Guided Surgery Devices Industry are Varian Medical Systems, GE Healthcare, Stryker, Siemens Healthineers, KARL STORZ GmbH & Co. KG, Olympus Corporation, Brainlab AG, Medtronic, Analogic Corporation, and Koninklijke Philips N.V. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.