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The spinal imaging industry is characterized by intense competition among key players aiming to expand their market presence. Leading companies are focusing on strategic initiatives such as mergers, acquisitions, and partnerships to strengthen their market position. These efforts are aimed at enhancing their service offerings, expanding their geographic reach, and investing in advanced technologies. The market also witnesses the entry of new players, intensifying the competitive landscape further.
Prominent players operating in the spinal imaging industry are as mentioned below:
The spinal stenosis segment in the market held 29.3% share in 2023 owing to conditions, such as obesity and sedentary lifestyles.
North America spinal imaging market held 43.6% share in 2023 backed by the increasing integration of spinal imaging technologies with healthcare IT solutions.
The spinal imaging market was valued at USD 2.1 billion in 2023 and will grow at 5.7% CAGR during 2024-2032 driven by the increasing prevalence of spinal disorders, including herniated discs, spinal stenosis, and spondylolisthesis.
Canon Medical System Corporation, Esaote S.p.A, Fujifilm Corporation, GE HealthCare Technologies, Inc., Hitachi Ltd., Hologic Inc., and Koninklijke Philips N.V.