Fluoroscopy is the imagingtechnique, which enables the physicians to visualize body parts in detail. Thetechniques works by passing X – ray beam continuously through the body tocreate real time images which are transmitted to the monitor for display.
Statistics:
The global Fluoroscopyand C-Arms Market is estimated to account for US$ 3,417.0 Mn in terms ofvalue by the end of 2019.
Global Fluoroscopy and C-ArmsMarket: Drivers
High prevalence of cardiovasculardiseases is expected to propel growth of the global fluoroscopy and c-armsmarket over the forecast period. For instance, according to the American HeartAssociation's Heart and Stroke Statistics 2019 Update, around 48% of all adultsin the U.S. suffered from some type of cardiovascular disease in 2016.
Global Fluoroscopy and C-ArmsMarket: Opportunities
Issuance of guidelines regardingthe use of fluoroscopy and c-arms is expected to offer lucrative growthopportunities for players in the global fluoroscopy and c-arms market. Forinstance, in April 2019, manufacturers received inquiries from facilities inregards to The Joint Commission requirements for Organizations providingfluoroscopy services effective on January 1, 2019. These new requirements,specifically in regards to the performance evaluation assessment, areunderstood to be purposefully non-prescriptive in order to allow a facility tofind an appropriate methodology and approach to demonstrate compliance.
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Global Fluoroscopy and C-ArmsMarket: Restraints
High cost of fluoroscopy imagingsystem and c-arms is expected to hinder growth of the global fluoroscopy andc-arms market. The price of C – arms iscomparatively higher to traditional X – ray systems due to which the adoptionof these systems in low and middle income countries is low.
Key Takeaways:
The global fluoroscopy and c-armsmarket was valued at US$ 3,417.0 Mn in 2019 and is forecast to reach a value ofUS$ 4,897.6 Mn by 2027 at a CAGR of 4.6% between 2020 and 2027. High prevalenceof cardiovascular diseases is expected to propel growth of the globalfluoroscopy and c-arms market over the forecast period.
C-Arms segment held dominantposition in the global fluoroscopy and c-arms market in 2019, accounting for77.0% share in terms of value, the growth of the segment is attributed toincreasing product launches during the forecast period.
Market Trends
Major players in the globalfluoroscopy and c-arms market are focused on approval and launch of new devicesto expand their product portfolio. For instance, in August 2020, Royal Philipsannounced new imaging and workflow enhancements for its novel KODEX-EPD cardiacimaging and mapping system. The system is now being used to treat patients withAtrial Fibrillation.
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High prevalence of traumaticdiseases is expected to propel growth of the global fluoroscopy and c-armsmarket. For instance, according to January 2018 factsheet of the World HealthOrganization, 20–30% of older people who fall suffer moderate to severeinjuries such as bruises, hip fractures, or head trauma, in the U.S.
Global Fluoroscopy and C-Arms Market:Competitive Landscape
Major players operating in theglobal fluoroscopy and c-arms market include, GE Healthcare, Koninklijke PhilipsN.V. Siemens Healthineers, Hologic, Inc., and Ziehm Imaging.
Global Fluoroscopy and C-ArmsMarket: Key Developments
Major players in the globalfluoroscopy and c-arms market are focused on adopting M&A strategies toenhance their market share. For instance, in August 2020, Ziehm Imagingacquired Therenva, a France-based developer of planning and imaging softwaretools for cardiovascular procedures.
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