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The advent of portable and point-of-care imaging devices along with the incorporation of artificial intelligence and machine learning in imaging techniques enhances image interpretation, reduces human error, and improves diagnostic accuracy and efficiency. For instance, in November 2021 Canon Medical unveiled the Vantage Fortian - a new, advanced productivity, open bore 1.5T MRI systems. The new system features innovative workflow solutions, image enhancement and accelerated scan technology, which together can contribute to reducing the time required for MRI procedures. Thus, the upsurge in technological advancement in imaging technology, with rising demand for non-invasive diagnostic devices by patients is expected to contribute to the growth of the market.
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.