Fluoroscopy Equipment Market

Fluoroscopy Equipment Market Overview (2021 to 2031)

The global fluoroscopy equipment market size had achieved a valuation of around US$ 1.9 Billion in 2022, which amounts roughly 9% share of the overall medical imaging systems market. It is anticipated to reach US$ 3.5 Billion by 2031, with a projected compound annual growth rate (CAGR) of 6.0% during the forecast period from 2021 to 2031.

Global market is segmented into various product-types, including Remote-Controlled Fluoroscopy Systems, Conventional Fluoroscopy Systems, C-Arms Systems. Among all the types, the 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.

Report Attributes	Details
Fluoroscopy Equipment Market Size Value in 2020	US$ 1.9 Bn
Fluoroscopy Equipment Market Forecasted Value for 2031	US$ 3.5 Bn
Global Fluoroscopy Equipment 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.

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.

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

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.

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

Report Attributes	Details
Forecast Period	2021 to 2031
Historical Data Available for	2016 to 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:

  • Cardiology
  • Urology and Nephrology
  • Neurovascular
  • Orthopedic & Trauma Surgeries
  • Neurosurgeries
  • Cardiovascular Surgeries
  • Gastrointestinal Surgeries

• End User:

  • Hospitals
  • Diagnostic Centers
  • Others