(EMAILWIRE.COM, February 03, 2021 ) Driver: Rising preference for minimally invasive procedures

Over the years, the preference and demand for minimally invasive surgery (MIS) has increased in tandem with technological advancements. As opposed to traditional open surgeries, MIS procedures have fewer complications; are faster to perform and reduce hospital stay and rehabilitation periods; cause minimal blood loss, trauma, and scarring; and have a reduced risk of infection. As MIS procedures are performed through small incisions, the demand for these procedures has increased significantly in neurosurgical procedures (biopsies, placement of electrodes, thermal ablations for malignant and benign tumors), orthopedic procedures (knee and hip replacements), and spine surgery.

Restraint: High cost of intraoperative imaging systems:

Intraoperative imaging is increasingly being recognized as a tool for precise and effective surgeries. However, the high cost of intraoperative imaging systems is one of the major factors limiting their wider adoption among end users. For instance, iMRI units cost between USD 3,000,000 and USD 7,000,000; iCT scanners cost between USD 1,500,000 and USD 3,500,000; whereas, mobile C-arms cost above USD 150,000. Consequently, end users such as small or medium-sized hospitals cannot afford such premium-priced products due to budgetary constraints.

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Additionally, the use of intraoperative imaging equipment requires restructuring of operational procedures, and therefore, requires appropriate training for the staff involved in surgeries. This is a major factor limiting the growth of the intraoperative imaging systems market, especially in emerging economies.

Based on application, the market is segmented into neurosurgery, orthopedic & trauma surgery, spine surgery, cardiovascular surgery and other applications. Considering the growing prevalence of neurological disorders, rising use of minimally invasive techniques for neurological procedures, and use of neurostimulation devices for the treatment of neurological disorders, the market for the neurosurgery segment is expected to register the highest CAGR during the forecast period.

Currently, North America dominates the intraoperative imaging market, followed by Europe. However, the Asia-Pacific market is expected to witness the highest growth during the forecast period. The high growth in this market can be attributed to infrastructural improvements in healthcare facilities, growth in the geriatric population, increasing prevalence of orthopedic disorders, and growing disposable incomes in this region.

Major players in the intraoperative imaging market are GE Company (U.S.), Siemens AG (Germany), Koninklijke Philips N.V. (Netherlands), Ziehm Imaging GmbH (Germany), Toshiba Corporation (Japan), Medtronic (Ireland), Brainlab AG (Germany), IMRIS Deerfield Imaging (U.S.), NeuroLogica Corporation (U.S.), and Shimadzu Corporation (Japan).

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