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Orthopedic Imaging Equipment Market Size

Report ID: GMI9157 Published Date: April 2024Report Format: PDF
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Orthopedic Imaging Equipment Market Size

Orthopedic Imaging Equipment Market size was valued at USD 4.7 billion in 2023 and is estimated to grow at 4.8% CAGR from 2024 to 2032. Orthopedic imaging equipment refers to specialized medical devices and technologies used to visualize and diagnose conditions related to the musculoskeletal system. These imaging tools help healthcare professionals, particularly orthopedic specialists, to assess injuries, diseases, and abnormalities affecting bones, joints, muscles, ligaments, and tendons. With the global aging population base and rising sedentary lifestyle, the incidence of orthopedic disorders such as arthritis, osteoporosis, and fractures is on the increase.

 

Orthopedic Imaging Equipment Market

For instance, according to a study published in the lancet rheumatology, the age-standardized global prevalence rate of rheumatoid arthritis was 208.8 cases per 100,000 population in 2020, representing a 14.1% increase since 1990. This study also projected that there will be 31.7 million individuals worldwide with rheumatoid arthritis by 2050, 68.7% of whom will be female These conditions often require accurate imaging for diagnosis and treatment planning, thereby driving the demand for orthopedic imaging equipment.

Further, there is a growing emphasis on early diagnosis and intervention in orthopedic conditions to prevent complications and improve patient outcomes. Therefore, healthcare professionals and patients alike are increasingly seeking advanced imaging modalities that can provide detailed insights into musculoskeletal structures, enabling early detection of abnormalities and timely intervention.

Author: Mariam Faizullabhoy, Gauri Wani
Frequently Asked Question(FAQ) :

What is the size of North America orthopedic imaging equipment market?+

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.

Mention the key players involved in orthopedic imaging equipment industry?+

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.

How big is orthopedic imaging equipment market?+

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.

Why is the use of X-ray system growing in orthopedic imaging equipment industry?+

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.

Orthopedic Imaging Equipment Market Scope

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