Global Image Guided Surgery Devices Market Report and Forecast 2024-2032

Global Image Guided Surgery Devices Market Outlook

The global image guided surgery devices market size was valued at USD 7.71 billion in 2023, driven by the increasing demand of minimally invasive procedures across the globe. The market size is anticipated to grow at a CAGR of 10.1% during the forecast period of 2024-2032 to achieve a value of USD 18.36 billion by 2032.

Image Guided Surgery Devices: Introduction

Image guided surgery devices are advanced medical tools or equipment that enable the use of imaging technology while performing a surgical procedure. With the use of these devices, real time visualization of targeted area is possible, which also provides the scope of better guidance during surgical procedure. The ability of surgeons to see internal organs, blood arteries, and tumours in real time while performing a procedure has completely changed the profession of surgery. With the help of this real time imaging, surgeons can plan surgical strategies, make informed decisions, and navigate intricate anatomical structures more precisely.

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To provide precise images of the patient's anatomy, the devices make use of a variety of imaging modalities, including ultrasound, X-Ray, CT scan, and MRI. The surgical field is then superimposed over these pictures to give surgeons a visual depiction of the target area and to aid them while they do the procedure.

Image Guided Surgery Devices Market Analysis

The key trends aiding the growth of the market include the involvement of advancing imaging technologies like high resolution imaging and fast image acquisition, among others. Additionally, the rising integration of AI technologies has been gaining tremendous popularity in the market. With the help of AI in this field, self-analysis of images, identification of structures, suggestions can be provided to the patients within a shorter time frame, which in turn can help up in speeding the treatment procedure.

Along with this, the increasing focus on creating miniature and portable, and flexible surgical devices is also providing significant impetus to the growth of the market. The development of technologically advanced products and the significant increase in product launches in the past few years has also aided the image guided surgery devices market development.

Some other key trends in the market include the rising adoption of image guided surgical devices in the healthcare sector and the rising support from the government through investments and funding in enhancing the medical facilities.

Image Guided Surgery Devices Market Segmentations

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Market Breakup by Device Type

• Computed Tomography (CT) 

• Ultrasound 

• Magnetic Resonance Imaging (MRI) 

• X-Ray Fluoroscopy 

• Endoscopes 

• Positron Emission Tomography (PET) 

• Single-Photon Emission Computed Tomography (SPECT)

Market Breakup by Application

• Neurology 

• Orthopaedic Surgery 

• Ear Nose Throat (ENT) Surgery 

• Oncology Surgery 

• Others

Market Breakup by Region

• North America 

• Europe 

• Asia Pacific 

• Latin America 

• Middle East and Africa

Image Guided Surgery Devices Market Overview

The market for image guided surgery devices has been witnessing evident growth since the historical period and is expected to continue witnessing robust growth in coming years as well. There are several factors driving the market growth, primarily the increasing demand of minimally invasive procedures as the adoption of image guided surgical devices has increased significantly lately. The inclusion of advanced technologies as artificial intelligence in the medical imaging modalities as computed tomography (CT), magnetic resonance imaging (MRI), has resulted in more visible structure with high quality imaging, leading to a higher demand for this technology.

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The image guided surgery devices market demand has been witnessing significant growth as the technology is widely used in the treatment procedures of chronic diseases such as cardiovascular disorders, orthopaedic conditions, and cancer, among others.

Image Guided Surgery Devices Market: Competitor Landscape

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model, along with giving a SWOT analysis. The report gives a detailed analysis of the following image guided surgery devices companies, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• GE Healthcare  

• Medtronic Plc  

• Olympus Corporation  

• Siemens Healthineers  

• Koninklijke Philips N.V.  

• Analogic Corporation  

• Brainlab AG  

• Karl Storz Gmbh & Co. KG  

• Stryker Corporation  

• Varian Medical Systems Inc.

Key Highlights of the Report