A recent report published by Infinium Global Research on orthopedic medical imaging market provides in-depth analysis of segments and sub-segments in the global as well as regional orthopedic medical imaging market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional orthopedic medical imaging market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global orthopedic medical imaging market. According to the report, the global orthopedic medical imaging market is projected to grow at a CAGR of 5.1% over the forecast period of 2019-2025.
Orthopedic medical imaging market is expected to grow with healthy CAGR in the forecast period. The rising demand for advanced 3D medical imaging systems and surgical navigation systems are the key factors fuelling market growth.
Growing the elderly population and rising number of osteoarthritis and arthritis problems are one of the major factor driving the demand for orthopedic medical imaging systems. According to the World Health Organisation between 2015 and 2050, the proportion of the world's population over 60 years will nearly double from 12% to 22% and by 2020, the number of people aged 60 years and older will outnumber children younger than 5 years. These number indicates the high growth opportunities for the orthopedic medical imaging market. Moreover increasing sports activities and injuries based on it has marked significant growth in the last few years, additionally increased number of severe injuries due road accidents are boosting the demand of medical imaging systems. Though the importance of orthopedic medical imaging systems in the medical field is elevating, high cost associated with the instrument and its installation can hamper the growth of the market in low-income countries that still struggling with healthcare budget and preventing the adoption of advanced technologies. However, despite the high cost of the instruments, the demand of the medical imaging systems will remain escalated, as it is important and recommended the first step of the diagnosis for orthopedic problems, thus gives a better growth opportunity to orthopedic medical imaging market in near future
Regionally, global orthopedic medical imaging market segmented by North America, Europe, Asia-Pacific and RoW. North America holds a high share of the market, technological advancement in healthcare devices, large patient pool are some of the factor contributing to the growth of the market in this region. Europe hold the second position in the market. Germany, Russia, UK, and France are few major countries contributing to the growth of the medical imaging market. The focus of the companies in this region is on the advancement of medical imaging instruments, in UK rapid improvements in the brain imaging sector are going on, while in Germany telemedicine is an emerging concept. Asia-Pacific is a promising region for the growth of medical imaging market, rising need of advanced medical imaging systems and healthy environment to the establishment for major players in the market in developing countries like India and China gives healthy chances for market growth
The report on global orthopedic medical imaging market covers segments such as product type, application, and end user. On the basis of product type, the sub-markets include x-ray systems, ct scanners, MRI scanners, ultrasound systems, and nuclear imaging systems. On the basis of application, the sub-markets include chronic disorders, bone tumors, acute injuries, and other applications. On the basis of end user, the sub-markets include hospitals, radiology centers, and ambulatory services Centers.
The report provides profiles of the companies in the market such as GE Healthcare, Hitachi, Philips Healthcare, Siemens Healthineers, Toshiba Medical Systems, Canon, Carl-Zeiss Meditec AG, Accuray Incorporated, Fujifilm Holdings Corporation, Hologic, and Other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of orthopedic medical imaging market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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