Wednesday, 7 April 2021

Fluoroscopy and C-arm Market Size Share Trends Forecast 2026

 

Fluoroscopy is the imaging technique, which enables the physicians to visualize body parts in detail. The techniques works by passing X – ray beam continuously through the body to create real time images which are transmitted to the monitor for display.

Statistics:

The global Fluoroscopy and C-Arms Market is estimated to account for US$ 3,417.0 Mn in terms of value by the end of 2019.

Global Fluoroscopy and C-Arms Market: Drivers

High prevalence of cardiovascular diseases is expected to propel growth of the global fluoroscopy and c-arms market over the forecast period. For instance, according to the American Heart Association's Heart and Stroke Statistics 2019 Update, around 48% of all adults in the U.S. suffered from some type of cardiovascular disease in 2016.

Global Fluoroscopy and C-Arms Market: Opportunities

Issuance of guidelines regarding the use of fluoroscopy and c-arms is expected to offer lucrative growth opportunities for players in the global fluoroscopy and c-arms market. For instance, in April 2019, manufacturers received inquiries from facilities in regards to The Joint Commission requirements for Organizations providing fluoroscopy services effective on January 1, 2019. These new requirements, specifically in regards to the performance evaluation assessment, are understood to be purposefully non-prescriptive in order to allow a facility to find an appropriate methodology and approach to demonstrate compliance.

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Global Fluoroscopy and C-Arms Market: Restraints

High cost of fluoroscopy imaging system and c-arms is expected to hinder growth of the global fluoroscopy and c-arms market.  The price of C – arms is comparatively higher to traditional X – ray systems due to which the adoption of these systems in low and middle income countries is low.

Key Takeaways:

The global fluoroscopy and c-arms market was valued at US$ 3,417.0 Mn in 2019 and is forecast to reach a value of US$ 4,897.6 Mn by 2027 at a CAGR of 4.6% between 2020 and 2027. High prevalence of cardiovascular diseases is expected to propel growth of the global fluoroscopy and c-arms market over the forecast period.

C-Arms segment held dominant position in the global fluoroscopy and c-arms market in 2019, accounting for 77.0% share in terms of value, the growth of the segment is attributed to increasing product launches during the forecast period.

Market Trends

Major players in the global fluoroscopy and c-arms market are focused on approval and launch of new devices to expand their product portfolio. For instance, in August 2020, Royal Philips announced new imaging and workflow enhancements for its novel KODEX-EPD cardiac imaging and mapping system. The system is now being used to treat patients with Atrial Fibrillation.

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High prevalence of traumatic diseases is expected to propel growth of the global fluoroscopy and c-arms market. For instance, according to January 2018 factsheet of the World Health Organization, 20–30% of older people who fall suffer moderate to severe injuries such as bruises, hip fractures, or head trauma, in the U.S.

Global Fluoroscopy and C-Arms Market: Competitive Landscape  

Major players operating in the global fluoroscopy and c-arms market include, GE Healthcare, Koninklijke Philips N.V. Siemens Healthineers, Hologic, Inc., and Ziehm Imaging.

Global Fluoroscopy and C-Arms Market: Key Developments

Major players in the global fluoroscopy and c-arms market are focused on adopting M&A strategies to enhance their market share. For instance, in August 2020, Ziehm Imaging acquired Therenva, a France-based developer of planning and imaging software tools for cardiovascular procedures.

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