Market research reports, consulting: Global Market Insights Inc.

Home > Healthcare > Medical Devices > Diagnostic Devices > spinal imaging market

Spinal Imaging Market Size

Report ID: GMI10576 Published Date: August 2024Report Format: PDF
Download Free Sample
Summary
Table of Content

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.

 

Spinal Imaging Market

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).

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

Why is the use of spinal stenosis imaging growing?+

The spinal stenosis segment in the market held 29.3% share in 2023 owing to conditions, such as obesity and sedentary lifestyles.

How big is the North America spinal imaging industry?+

North America spinal imaging market held 43.6% share in 2023 backed by the increasing integration of spinal imaging technologies with healthcare IT solutions.

What is the size of the spinal imaging industry?+

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.

Mention the key players involved in spinal imaging industry?+

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

Related Reports

Buy Now

Premium Report Details

Download Free Sample