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The orthopedic imaging equipment sector is competitive in nature, with a mix of major global and smaller to medium-sized companies competing for market share. A pivotal aspect of market strategy involves the continual introduction of innovative products leveraging diverse technologies. Notably, prominent industry players command considerable influence in this dynamic landscape, often driving forward advancements through substantial investments in research and development. Additionally, strategic alliances, acquisitions, and mergers are instrumental in fortifying market positions and expanding global footprint amidst evolving regulatory landscapes.
Some of the eminent market participants operating in the orthopedic imaging equipment industry include:
The X-ray system segment will generate USD 2.2 billion by 2032, owing to ongoing technological advancements aimed at enhancing imaging quality, reducing radiation exposure, and improving workflow efficiency.
The market size of orthopedic imaging equipment reached USD 4.7 billion in 2023 and is set to witness 4.8% CAGR from 2024 to 2032, led by rising incidence of orthopedic disorders.
Canon Inc., Carestream Health, EOS imaging, Esaote SPA, FUJIFILM Holdings Corporation, GE HealthCare Technologies Inc., Hologic, Inc., Koninklijke Philips NV, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Shimadzu Corporation and Siemens Healthineers AG.
The North America market accounted for USD 1.9 billion in 2023, attributed to the rising prevalence of orthopedic conditions in the region, such as osteoarthritis, fractures, and sports injuries.