Surge in prevalence of advanced medical imaging technologies and rising preference of caregivers for various advanced scanners are expected to boost the growth of orthopedic medical imaging systems market.
Orthopaedic medical imaging provides a non-invasive approach to examine internal structures of a patient to diagnose medical conditions. Also, it is used to offer high quality imaging to reduce the requirement of surgeries and for decision-making. This medical imaging tool has proved to be an informational tool that has helped physicians to detect the disease and response of the treatment.
Rise in occurrence of orthopedic disorders has been witnessed over the past few years and is expected to follow a similar trend in the next few years which is anticipated to boost the demand for orthopedic medical imaging systems.
Moreover, growing geriatric population and rapid advancements in medical imaging technologies are expected to favor the market across the forecast period.
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The market growth is also driven by rising incidence of bone fracture trauma as an outcome of sports-related injuries. Moreover, traumatic injury continues to be one of the primary reasons of mortalities with road injury and falls. Moreover, there are around 2.5 million cases of sports-related injuries to the knee per year, which demands for emergency care. Moreover, the number is expected to increase over the coming years, creating higher demand for orthopedic medical imaging systems.
Rise in technological advancements in imaging technology, along with specialized training have also provided a boost to the growth.
· For instance, In February 2018, Siemens Healthineers, one of the key players of the market, received the FDA clearance for GOKnee3D, a magnetic resonance imaging (MRI) application that reduces the time required to perform knee diagnostics.
Surge in incidence of Osteoarthritis Other Orthopedic Disorders
Adoption of a sedentary lifestyle and lack of eating habits have resulted in a high prevalence of disorders such as obesity, diabetes, etc. which often results in orthopedic complications.
Rise in incidence of arthritis among the general population is expected to further boost orthopedic medical imaging systems market potential over the next few years. Moreover, the rise in geriatric population is also contributing to the rising number of orthopedic cases.
Lack of developed healthcare infrastructure in emerging economies
Emerging economies lack established healthcare infrastructure. This creates budgetary constraints and restricts the growth of orthopedic medical imaging systems market in these countries. This in turn acts as a restraint to the growth of the market.
X-Rays systems preferred over other imaging equipment
X-ray imaging systems are highly preferred over other imaging equipment due to their ease of access and cost-effective nature. X-ray systems have proven to offer accurate results with a wide spectrum of application and accessibility.
Moreover, CT scanners and MRI scanners are expected to witness a surge in popularity during the forecast period. But due to high cost of installation and maintenance associated with these are expected to act as a restraint to the growth of the market.
Asia Pacific and North America to offer profitable opportunities
Market in North America is anticipated to account for a major market share and provide highly rewarding business opportunities during the forecast period. Key factors driving the growth of the market are significant presence of developed healthcare infrastructure, surge in adoption of advanced imaging technologies, surge in surgeries, and a rising prevalence of obesity.
Moreover, Asia Pacific market is expected to be driven by rising investments in the healthcare infrastructure and rising geriatric population. Moreover, an increasing number of road accidents and the surge in prevalence of orthopedic disorders in countries such as China and India are expected to dominate the market in the Asia Pacific region.
Segmentation Of Orthopedic Medical Imaging Systems Industry Research
By Product Type:
o X-ray Systems
o CT Scanners
o Ultrasound Systems
o MRI Scanners
o Nuclear Imaging Systems
By End User:
o Hospitals
o Radiology Centers
o Ambulatory Surgical Centers
o Other End Users
·By Region:
o North America
o Latin America
o Europe
o APAC
o MEA
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