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Fluoroscopy Equipment Market

Fluoroscopy Equipment Market

Fluoroscopy Equipment Market Size, Share Analysis by Product Type (Remote-Controlled Fluoroscopy Systems, Conventional Fluoroscopy Systems, C-Arms Systems), by Application (Cardiology, Urology and Nephrology, Orthopedic & Trauma Surgeries, Cardiovascular Surgeries), by End-User (Hospitals, Diagnostic Centers) & Regional Forecast, 2021-2031

Fluoroscopy Equipment Market
FACT267MR
  • Nov-2021
  • List of Tables : 231
  • List of Figures : 75
  • 170 Pages
  • Healthcare

Market Snapshot

As per latest industry analysis published by Fact.MR, the global fluoroscopy equipment market reached a valuation of around US$ 1.9 Bn in 2020, which amounts to around 9% share of the overall medical imaging systems market. Sales of fluoroscopy equipment are slated to accelerate at a CAGR of 6% to top US$ 3.5 Bn by 2031. Demand for C-arms systems, which holds the highest market share, is set to increase at a CAGR of 5% across the assessment period of 2021 to 2031.

Market Size Value in 2020 US$ 1.9 Bn
Market Forecasted Value for 2031 US$ 3.5 Bn
Global Growth Rate (2021 to 2031) 6% CAGR
Share of Top 5 Companies 40%

Demand Analysis of Fluoroscopy Equipment from 2016 to 2020 Vs Market Outlook for 2021 to 2031

As per Fact.MR, a market research and competitive intelligence provider, the global market for fluoroscopy equipment was valued at US$ 1.9 Bn in 2020.

The market for fluoroscopy equipment will be influenced by the proliferation of technologies such as 3D printing, wearable, artificial intelligence, and the Internet of Things.

Influence of such technologies on the development of several medical devices and remote radiography equipment has been significant, and fluoroscopy equipment is no exception. Growing popularity of multipurpose imaging tools, rising use of radiographic fluoroscopy in pain management, and growing adoption of digital imaging are likely to fuel the market growth.

Latest trends and innovations in fluoroscopy equipment, integration of fluoroscopes with advanced image intensifiers, and rising adoption of fluoroscopy devices and C-arms in orthopedic clinics are driving the market growth. Integrating innovative technologies in the medical imaging systems is likely to foster collaborations among radiologists and physicians.

All of these factors are expected to drive the market at a 6% CAGR across 2021 to 2031 and raise the popularity of the market for fluoroscopy equipment.

Which are the Prominent Factors Fueling Market Growth for Fluoroscopy Equipment?

Application and adoption of fluoroscopy equipment extend beyond the healthcare industry. Fluoroscopy equipment also witnesses considerable demand in the airports to scan for hidden bombs and weapons. Medical imaging results can be viewed almost instantly using remote radiography.

Relatively lower doses of radiation as compared to the medical devices, which have a relatively low impact on the food products, and gadgets scanned, continue to drive fluoroscopy equipment sales, thereby impacting the expansion of the fluoroscopy systems market.

There has been a strong emphasis on quality in terms of manufacturing, design, and distribution among players in the market. While top manufacturers of FPD fluoroscopes are striving to pace with the level of quality, one marker of this gap is also due to the inspections conducted by the Food and Drugs Administration (FDA).

Steady pace of non-compliance suggests that the market players continue to struggle in order to match the regulatory standards.

What are the Restraints Being Faced by Fluoroscopy Equipment Manufacturers?

Even though fluoroscopic procedures provide a minimally invasive diagnosis, they do expose patients to radiation. For complex procedures like stent placement, fluoroscopic procedures can result in high radiation dose exposure.

Radiographic fluoroscopy procedures take time, which increases the number of radiation patients are exposed to and the risk of complications like radiation-induced skin and underlying tissue injuries. Cancer is one of the long-term side effects of prolonged radiation exposure.

Growing popularity of non-radiation imaging modalities such as ultrasound system is expected to hamper the demand for fluoroscopy instruments, remote-controlled fluoroscopy systems, and conventional fluoroscopy systems.

The market is expected to be hampered by health problems and consequences associated with digital imaging techniques, as well as the high cost of advanced fluoroscopic devices.

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Which Region is a Lucrative Market for Fluoroscopy Equipment Suppliers?

North America will continue to be the leading market for fluoroscopy equipment over the next ten years. Revenue in the North American region will grow 1.5X by 2031.

High incidence of chronic diseases and rising preference for minimally invasive surgeries are assisting the growth of the patient-side controlled fluoroscopy systems in the region. The presence of the market in the region is growing as a result of government initiatives to promote efficient treatment facilities.

Use of fluoroscopy equipment in gastroenterology and orthopedics is rising in the region, thanks to a growing preference among private and public healthcare organizations to promote advanced imaging tools.

Growing demand for C-arms systems in the U.K, rising trends of remote-controlled fluoroscopy systems in Germany, and increasing demand for fluoroscopy systems in France are all making a significant contribution to global market growth prospects for fluoroscopic equipment.

Fluoroscopy equipment market regional analysis 2021-2031 by Fact.MR

Country-wise Analysis

What is the Fluoroscopy Equipment Demand Outlook for the U.S.?

The U.S dominates the global market for fluoroscopy equipment in terms of revenue. The market is expected to increase 1.5X by 2031.

The market has been boosted by the presence of top manufacturers of fluoroscopy devices in the United States, as well as a multitude of research and development activities.

Rising number of obese population, growing prevalence of disease and improving infrastructural standards have spurred the demand for digitalized fluoroscopy systems in the U.S.

Patient safety and high diagnostic standards are ensured by enforcing strict regulatory and reimbursement frameworks this major factor is anticipated to propel the demand for fluoroscopy equipment in the U.S.

Why are Sales of Fluoroscopy Equipment Flourishing in China?

Market growth in China is expected to be supplemented due to an increase in the number of sports-related injuries, growing geriatric population, and rise in orthopedic patients.

Healthcare reforms and government initiatives, rapid advancement of healthcare infrastructure, and rising demand for technically advanced fluoroscopes are the major factors that create the opportunities for manufacturers of fluoroscopy devices in China

An Adaptive Approach to Modern-day Research Needs

Category-wise Insights

Why are C-Arms Systems Gaining Immense Popularity in the Market?

C-arms systems sales are expected to increase by 1.7X over the forecast period.

C-arms systems are X-ray-based medical imaging devices that can be used for a variety of diagnostic and interventional procedures. Imaging systems have become a necessary piece of equipment in nearly all well-equipped hospitals.

C-arms systems are used for a wide range of procedures, including cardiothoracic surgery, neurosurgery, and surgeries for gastroenterology, traumatology, and urology disorders. Enormous use of C-arms systems in image-guided surgeries, discography, and angiography driving the market growth.

Growing demand for imaging systems from emerging economies, as well as advancements in fluoroscopic imaging, are some of the major factors boosting the demand for C-arms systems.

Why is Demand for Fluoroscopy Equipment for Cardiology Application High?

Cardiology is expected to be a significant shareholder in the fluoroscopy equipment market, depending on the application. Demand for fluoroscopy equipment is mainly concentrated towards cardiology related treatment.

High prevalence of cardiovascular diseases (CVDs) worldwide, as well as the convenience and better results provided by fluoroscopy systems during the diagnosis and treatment of various cardiac disorders, account for a large share of this market.

Furthermore, based on the proper intensity of its energy projections, high demand for fluoroscopy devices in cardiovascular imaging has expanded the reach for growth over the next ten years. Moreover, increasing awareness programs by manufacturers at meetings and conferences support the demand for fluoroscopy instruments in cardiology.

COVID-19 Impact on Industry

During COVID-19, a large number of hospitals and clinics saw a drop in patient visits, resulting in reduced client contact. Lockdowns across countries, strict government regulations, and ongoing increase in infection rates have had a significant financial impact on hospitals and clinics.

Furthermore, due to the COVID-19 crisis, many diagnostic procedures using fluoroscopic equipment have been postponed. At the same time, limited healthcare staff available around the world is another factor that has a negative impact on the top fluoroscopy equipment brands.

Moreover, according to the European Association of Urology guidelines, a properly equipped operating room with a mobile C-arm fluoroscopic X-ray system for radiology and healthcare professionals is required for handling COVID-19 positive patients who require surgery.

As a result, the market is expected to maintain a steady growth trajectory during the forecast period, owing to rising cases of COVID-19 and their significant impact on healthcare systems across the region. The market was sluggish for a while, but has revived fast and created a favorable environment for the growth of fluoroscopy equipment market size in 2021.

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Competitive Landscape

The market for fluoroscopy equipment appears to be focused and competitive due to the presence of prominent market players. Several growth strategies have been observed, including penetration into untapped regions, strategic partnerships and collaborations, and intensive product development initiatives.

Product innovations and upgrades in existing product lines are used by top companies in the fluoroscopy equipment market to gain a competitive advantage.

Recently conducted research reveals that manufacturers are integrating innovative tools including Microsoft’s HoloLens and Google Glass in the wearable visual-overlay devices, which enables the end user to retrieve information for image-guided intervention.

Fluoroscopy Equipment Industry Report Scope

Attribute Details
Forecast Period 2021-2031
Historical Data Available for 2016-2020
Market Analysis Value in US$ Mn, Volume in Units
Key Regions Covered
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East Africa
Key Countries Covered
  • U.S.
  • Canada
  • Mexico
  • Brazil
  • Mexico
  • Argentina
  • Germany
  • Italy
  • France
  • U.K
  • Nordic
  • Spain
  • Japan
  • China
  • India
  • Malaysia
  • Thailand
  • Australia
  • GCC Countries
  • South Africa
  • Turkey
Key Market Segments Covered
  • Product Type
  • Application
  • End User
  • Region
Key Companies Profiled
  • Agfa-Gevaert Group
  • Ziehm Imaging GmbH
  • Carestream Health Inc.
  • Hitachi Ltd.
  • GE Healthcare Inc.
  • Hologic Inc.
  • Siemens Healthineers
  • Philips Group
  • Lepu Medical Tech Co. Ltd
  • Shimadzu Corporation
  • Toshiba Medical Systems Corporation
Pricing Available upon Request

Key Segments Covered in Fluoroscopy Equipment Industry Research

  • Product Type         

    • Remote-Controlled Fluoroscopy Systems
    • Conventional Fluoroscopy Systems
    • C-Arms Systems
    • Others
      • FPD Fluoroscopes
      • Mobile C-Arms
      • Full Size C-Arm
      • Mobile Mini C-Arms
  • Application

    • Application of Fluoroscopy Equipment in Cardiology
    • Application of Fluoroscopy Equipment in Urology and Nephrology
    • Application of Fluoroscopy Equipment in Neurovascular
    • Application of Fluoroscopy Equipment in Orthopedic & Trauma Surgeries
    • Application of Fluoroscopy Equipment in Neurosurgeries
    • Application of Fluoroscopy Equipment in Cardiovascular Surgeries
    • Application of Fluoroscopy Equipment in Gastrointestinal Surgeries
  • End User      

    • Hospitals
    • Diagnostic Centers
    • Others

- FAQs -

The global fluoroscopy equipment market is currently worth more than US$ 1.9 Bn.

From 2016-2020, sales of fluoroscopy equipment registered a CAGR of 3%.

Rise in prevalence of various chronic heart diseases and increased healthcare spending are trends are driving demand for fluoroscopy equipment.

Agfa-Gevaert Group, Ziehm Imaging GmbH, Carestream Health Inc., Hitachi Ltd., and GE Healthcare Inc. are some of the renowned manufacturers of fluoroscopy equipment.

North America, with 50% global market share, will largely contribute to the growth of fluoroscopy equipment revenue.

Sales of fluoroscopy equipment in Japan will most likely flourish at a CAGR of 3% over the next ten years.

C-arms systems continue to be the highest revenue-generating segment accounting for 40% of global revenue.

Sales of fluoroscopy equipment in Germany are forecasted to reach over US$ 400 Mn by 2031.

The U.S., China, Germany, Canada, and Russia are expected to drive most of the demand for fluoroscopy equipment.

The market for fluoroscopy equipment is expected to expand at 6% CAGR from 2021-2031

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

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Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

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