What are the Historical Developments and Current Growth Metrics of the Orthopedic Imaging Equipment Market?
The orthopedic imaging equipment market has seen considerable growth due to a variety of factors.
• The orthopedic imaging equipment market has grown strongly in recent years. It will rise from $10.24 billion in 2024 to $10.84 billion in 2025, at a compound annual growth rate (CAGR) of 5.9%.
The growth is due to an aging population, an increase in orthopedic conditions, higher healthcare spending, and the growing trend of sports and fitness.
What is the Forecasted Market Size and CAGR for the Orthopedic Imaging Equipment Market?
The orthopedic imaging equipment market is expected to maintain its strong growth trajectory in upcoming years.
• The orthopedic imaging equipment market is projected to grow significantly in the coming years, reaching $13.44 billion by 2029, with a compound annual growth rate (CAGR) of 5.5%.
This growth is driven by regulatory efforts, the rising incidence of orthopedic disorders, enhanced awareness and screening programs, increasing healthcare spending, and expanding applications. Key trends include the integration of artificial intelligence (AI), a shift toward 3D imaging, a greater focus on radiation reduction, miniaturization and portability, and the rise of telemedicine and remote imaging services.
What Key Factors and Trends Are Driving The Growth Orthopedic Imaging Equipment Market?
The rise in road accidents is expected to stimulate the expansion of the orthopedic imaging equipment market in the future. Road accidents involve any event that takes place on the road that includes vehicles, pedestrians, cyclists, and other road users and results in property damage, injuries, or loss of life. The escalation in accidents can be attributed to different factors such as distracted driving, speeding, impaired driving, substandard infrastructure, and human error, which are worsened by societal developments like urbanization and technological distractions. During road accidents, orthopedic imaging equipment offers comprehensive images of bone fractures, joint dislocations, and injuries to soft tissue, which assists in precise diagnosis and the development of a treatment plan, ultimately improving patient results and promoting speedy recovery. For example, in May 2023, as per the Department for Transport, a government department based in the UK, the number of deaths on UK roads rose from 1,695 in 2022 to 1,560 in 2021. Hence, the rise in the number of road accidents is fuelling the expansion of the orthopedic imaging equipment market.
What Are The Market Segments In The Orthopedic Imaging Equipment Market?
The orthopedic imaging equipment market covered in this report is segmented –
1) By Product: Drill Guide, Guide Tubs, Implant Holders, Custom Camps, Distracters, Screwdrivers
2) By Systems: X-Ray Systems, Computed Tomography (CT) Scanner, Magnetic Resonance Imaging (MRI) Systems, Electron Optical System (EOS) Imaging Systems, Ultrasound, Nuclear Imaging Systems
3) By Indication: Acute injuries, Sports injuries, Trauma cases, Chronic Disorders, Osteoarthritis, Osteoporosis, Prolapsed Disc, Degenerative joint diseases, Other Indications
4) By End-User: Hospitals, Radiology Centers, Emergency Care Facility, Ambulatory Surgical Centers
Subsegments:
1) By Drill Guide: Manual Drill Guides, Powered Drill Guides
2) By Guide Tubes: Single-Use Guide Tubes, Reusable Guide Tubes
3) By Implant Holders: Fixed Implant Holders, Adjustable Implant Holders
4) By Custom Camps: Custom Surgical Camps, Standard Surgical Camps
5) By Distracters: External Fixation Distractors, Internal Distractors, Spine Distractors
6) By Screwdrivers: Manual Orthopedic Screwdrivers, Powered Orthopedic Screwdrivers
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Which Emerging Market Trends Are Altering The Orthopedic Imaging Equipment Industry?
The focus of leading firms in the orthopedic imaging equipment market is on the creation of innovative technologies like augmented reality (AR) guidance systems to improve the accuracy and effectiveness of orthopedic processes. AR guidance systems are a technology that combines real-time imaging with digital overlays to give surgeons clear visual instructions during surgeries. For example, Pixee Medical, a French computer-assisted surgery tools developer, introduced its Knee+ AR computer-assisted orthopedic solution in the US in March 2022. This is the first AR navigation system designed for total knee arthroplasty, aimed at assisting orthopedic surgeons in placing implants during knee arthroplasty procedures using AR glasses that determine tools' 3D coordinates.
Who Are the Key Players In The Orthopedic Imaging Equipment Market?
Major companies operating in the orthopedic imaging equipment market are:
• Hitachi Ltd.
• Siemens AG
• Toshiba Corporation
• FUJIFILM Corporation
• Koninklijke Philips N.V
• Stryker Corporation
• GE HealthCare Technologies Inc.
• Hologic Inc.
• Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
• Shimadzu Corporation
• Canon Medical Systems Corporation
• Neusoft Corporation
• Planmed Oy
• Agfa-Gevaert N.V.
• Carestream Health
• Brainlab
• Esaote SpA
• Ziehm Imaging GmbH
• EOS imaging
• NeuroLogica Corp.
• Swissray International Inc.
• Xoran Technologies LLC.
• Allengers Medical Systems Ltd.
• Konica Minolta Healthcare Americas Inc.
• Hi-Tech Medical Imaging
What Are The Regional Insights Into The Orthopedic Imaging Equipment Market?
North America was the largest region in the orthopedic imaging equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the orthopedic imaging equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
