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Spinal Imaging Market Size

  • Report ID: GMI10576
  • Published Date: Aug 2024
  • Report Format: PDF

Spinal Imaging Market Size

Spinal Imaging Market size was valued at USD 2.1 billion in 2023 growing at a CAGR of 5.7% between 2024 and 2032. The market's growth is primarily driven by the increasing prevalence of spinal disorders, including herniated discs, spinal stenosis, and spondylolisthesis.

 

These conditions are becoming more common due to factors like sedentary lifestyles, obesity, and an aging population. Consequently, the demand for diagnostic imaging tools, particularly for spinal imaging, is on the rise. To illustrate, a report from the World Health Organization in April 2024 highlighted that over 15 million people globally live with spinal cord injuries (SCI). Notably, most SCI cases result from preventable causes such as falls, road accidents, or violence. Given these trends, the market is poised for growth, further fuelled by advancements in diagnostic technologies like MRI, CT, and ultrasound. These technologies offer enhanced image resolution, better contrast, and more precise diagnoses, aligning with the increasing global incidence of accidents and trauma.
 

Spine imaging refers to the use of various medical imaging technologies to visualize and diagnose conditions affecting the spine. It encompasses several techniques, each offering different levels of detail and types of information. A spinal MRI uses powerful magnets, radio waves, and a computer to make clear, detailed pictures of the spine. Whereas the x-rays of the spine may be performed to evaluate any area of the spine (cervical, thoracic, lumbar, sacral, or coccygeal). Some of the other related procedures that may be used to diagnose spine problems include ultrasound and computed tomography (CT scan).

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

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.

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.

Canon Medical System Corporation, Esaote S.p.A, Fujifilm Corporation, GE HealthCare Technologies, Inc., Hitachi Ltd., Hologic Inc., and Koninklijke Philips N.V.

Spinal Imaging Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 317
  • Countries covered: 22
  • Pages: 195
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