Fluoroscopy is an imaging technique that uses X-rays to obtain real-time moving images of the internal structures of the body. Digital fluoroscopy systems are used to provide high-quality X-ray images during surgical and other medical procedures. These systems are widely used in interventional radiology, cardiology, and urology applications. Advancements in digital flat panel detector technology have enabled the development of low-radiation fluoroscopy systems with high image quality.
The global digital fluoroscopy system market is estimated to be valued at US$ 2.01 billion in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics
Emerging Demand for Low-Radiation Fluoroscopy Systems
One of the major drivers for the growth of the digital fluoroscopy system market is the emerging demand for low-radiation fluoroscopy systems from end users such as hospitals and diagnostic centers. Prolonged fluoroscopy procedures can expose medical professionals as well as patients to high levels of radiation. Digital flat panel detectors incorporated in new generation digital fluoroscopy systems significantly reduce radiation dose compared to traditional image intensifiers, thus finding greater acceptance among end users.
Segment Analysis
Digital fluoroscopy systems can be categorized into three main segments - fluoroscopy devices, c-arms and portable fluoroscopes. Fluoroscopy devices dominate the market share with over 40%, due to their widespread application in diagnosis and interventional procedures. With advanced imaging capabilities, these devices provide high quality real-time images assisting physicians in complex medical procedures. Mobile c-arms hold the second largest share and are preferred for their mobility and versatility in multiple settings like operating rooms and emergency rooms. Portable fluoroscopes have a smaller market share currently but are gaining traction in ambulatory surgical centers and physician offices due to their affordability and compact size.
PEST Analysis
Political: Increased funding for digital imaging by governments is positively impacting growth. Compliance with regulations regarding radiation safety further push for adoption of advanced digital systems.
Economic: Developed markets will continue dominating spend. Emerging nations demonstrate higher growth prospects as accessibility to healthcare rises. Prices of refurbished systems offer attractive opportunities.
Social: Rising disease incidence and aging population propel demand for minimally invasive interventions. Patient preference for shorter hospital stays boosts uptake of outpatient fluoroscopy procedures.
Technological: Integration of Angiography has widened applications. AI and big data analytics can potentially optimize imaging workflows. Adoption of wireless detectors improves intraoperative mobility.
Key Takeaways
The Global Digital Fluoroscopy System Market Demand is expected to witness high growth over the forecast period. The global Digital Fluoroscopy System Market is estimated to be valued at US$ 2.01 billion in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023 to 2030.
North America holds the largest share currently owing to developments in interventional radiology and a large base of cathode ray tube systems to be replaced. Asia Pacific is poised to emerge as the fastest growing regional market with increasing healthcare infrastructure development and spending.
Key players operating in the digital fluoroscopy system market include Siemens Healthineers, GE Healthcare, Philips, Canon Medical Systems, Shimadzu and fluoRad. Siemens Healthineers leads with its versatile AlluraClarity systems while Philips is expanding with innovative detector technology. GE Healthcare continues upgrades to its Optimas program. Canon Medical Systems has gained prominence through affordable products.
For more insights, Read- https://www.insightprobing.com/digital-fluoroscopy-system-market-size-share-analysis/
