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Fluoroscopy Equipment Market Size
Fluoroscopy Equipment Market size is expected to witness notable growth between 2024 and 2032, driven by the rising adoption of imaging technique to aid varied medical procedures, including the insertion of catheters into the urinary system or bile ducts. Furthermore, the use of fluoroscopy in other applications, such as orthopedic surgeries, to help surgeons repair bone fractures and replace damaged joints.
Fluoroscopy Equipment Market Trends
Rising prevalence of gastrointestinal diseases among the elderly population is one of the prominent trends bolstering the overall industry expansion. According to GI Alliance, over 62 million Americans are diagnosed with digestive disorders every year, which could boost the consumption of fluoroscopy machines to view the gastrointestinal tract and treat infections. Moreover, with the rising burden of cardiovascular conditions, there is increased reliance on the fluoroscopy procedure to view the flow of blood through arteries, boosting the product demand.
However, radiation-related risks associated with this procedure and the potential development of cancer may act as a restraining factor to the fluoroscopy equipment industry.
Fluoroscopy Equipment Market Analysis
On the basis of application, the neurology segment will account for a commendable share by 2032, attributed to the escalating incidences of spinal cord injury caused by catastrophic falls and motor vehicle accidents in the United States. As per World Federation of Neurology, more than 40% of the worldwide population is suffering from various neurological conditions. The increasing burden of high sugar, air pollution, high blood pressure, dietary risks, obesity, and the subsequent rise in the incidence of neurological disorders will also fuel the product demand.
Diagnostic centers segment will record a significant demand over 2024-2032, due to the capability of fluoroscopy equipment in providing real-time imaging during various medical procedures. These centers offer dynamic visualization of internal organs and structures, enabling clinicians to perform interventions with precision and efficiency. With rising demand for minimally invasive procedures and advanced imaging techniques, diagnostic centers seek fluoroscopy equipment that enhances diagnostic accuracy while minimizing patient discomfort and radiation exposure.
Europe fluoroscopy equipment market is predicted to experience significant growth through 2032, driven by the growing prevalence of cardiovascular diseases in the region. As per European Society of Cardiology, annually, cardiovascular disease (CVD) leads to 3.9 million deaths in Europe and surpasses 1.8 million deaths within the European Union. The rising healthcare expenditure and the significant increase in the rate of radiological procedures being conducted in countries like England.
Fluoroscopy Equipment Market Share
Key players in the fluoroscopy equipment industry include:
- Ziehm Imaging GmbH
- Siemens Healthineers
- Shimadzu
- Orthoscan Inc.
- Philips Healthcare
- Hologic Inc.
- Hitachi Ltd.
- GE Healthcare
- Carestream Health
- Canon Medical Systems
These companies are focusing on new product launches and business expansions, among other strategies, to sustain strong position in the industry.
Fluoroscopy Equipment Industry News
- In November 2023, the Norwegian Vestre Viken Health Trust, in collaboration with Philips, announced the implementation of AI-enabled clinical care to assist radiologists in enhancing patient care. Philips AI-enabled clinical applications platform will accelerate the diagnosis of bone fractures, delivering quicker, more efficient, and high-quality care to patients throughout Norway.