Consumption in Healthcare Industry
Fluoroscopy equipment market is expected to reflect a CAGR of 4.7% throughout 2022. Fluoroscopy equipment market 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 development of several medical devices and equipment has been significant, and fluoroscopy equipment is no exception. The trend of integration of latest innovations in the medical devices continues to indirectly influence growth of the fluoroscopy equipment market.
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 an image-guided intervention. Integrating innovative technologies in the medical devices is likely to foster collaborations among the radiologists, and physicians.
According to a recently published report, the global fluoroscopy equipment market is expected to represent a value of over US$ 2,000 Mn by the end of 2022.
Significant Demand in the Aviation Industry
Application and adoption of fluoroscopy equipment extends beyond the healthcare industry. Fluoroscopy equipment also witness considerable demand in the airports to scan for hidden bombs and weapons.
Relatively lower doses of radiation as compared to the medical devices, which have relatively low impact on the food products, and gadgets scanned, continue to drive fluoroscopy equipment sales, thereby impacting expansion of the fluoroscopy equipment market.
There has been a strong emphasis on quality in terms of manufacturing, design, and distribution among players in the fluoroscopy equipment market. While fluoroscopy equipment market players 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).
The steady pace of non-compliance suggests that the fluoroscopy equipment market players continue to struggle in order to match with the regulatory standards.
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Cardiology to Represent a Leading Segment
With growing need for radiation therapy for cancer, demand for fluoroscopy equipment will continue to rev up in the healthcare industry. The conventional segment is expected to witness the highest revenue growth, accounting for over US$ 400 Mn by the end of 2022. However, the remote-controlled and C-arms segment is expected to register the highest CAGR in the fluoroscopy equipment market throughout 2022.
As healthcare industry continues to witness significant adoption of fluoroscopy devices, the hospitals will continue to remain the major end users in fluoroscopy equipment market. The hospital segment is expected to represent a value of over US$ 400 Mn by the end of 2017. However, the other end users and diagnostic centers are expected to register the highest CAGR in the global fluoroscopy equipment market during the forecast period.
Demand for fluoroscopy devices is mainly concentrated towards cardiology related treatment. The cardiology segment is expected to represent a value of over US$ 300 Mn by the end of 2022. Adoption of fluoroscopy equipment for treatment of gastroenterology is also expected to generate significant revenues.
The gastroenterology segment is expected to witness the second highest growth in the fluoroscopy equipment market by the end of 2022. This segment is expected to register the highest CAGR in the fluoroscopy equipment market throughout the forecast period.
Leading market players operating in the fluoroscopy equipment market include
- 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
- Ziehm Imaging GmbH.
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(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
The global fluoroscopy equipment market is expected to witness a moderate growth attributed to increasing adoption in the aviation and healthcare industry. Growing demand for radiation therapy for cancer is expected to impact growth of the global market positively. This Fact.MR report analyzes the expansion of global fluoroscopy equipment market till date, and provides key insights on the growth of the market during the forecast period, 2017-2022.
The scope of Fact.MR’s report is to analyze the global fluoroscopy equipment market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Medical device manufacturers, research institutes, and raw material suppliers in the global fluoroscopy equipment market can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and medical journals pertaining to fluoroscopy equipment.
The report commences with a brief information of the global fluoroscopy equipment market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global fluoroscopy equipment market.
The next section offers an overview of the global fluoroscopy equipment market. This comprises an introduction to the market, along with a standard definition of the product – fluoroscopy equipment. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global fluoroscopy equipment market, the report provides updates about market opportunities, which can benefit leading manufacturers of fluoroscopy equipment. With continuous evolution of the healthcare sector, keeping a record of latest developments and trends is fundamental for fluoroscopy equipment manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, regulatory approvals, pricing analysis, list of distributors, and cost structure are provided in this section.
The Fact.MR report provides segment-wise analysis and forecast for covering the wide scope of global fluoroscopy equipment market. Product type, end user, application, and region are key segments that define the growth of the global market for fluoroscopy equipment. In this segmentation analysis, a detailed country-wise forecast across all key market parameters is also included.
The report’s last section comprises of the global fluoroscopy equipment market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global fluoroscopy equipment market.
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
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