PUBLISHER: The Business Research Company | PRODUCT CODE: 1828129
PUBLISHER: The Business Research Company | PRODUCT CODE: 1828129
Image-guided surgery devices are tools employed for performing surgeries with the aid of highly sophisticated computerized systems that generate three-dimensional images of the patient's anatomy. Surgeons utilize these devices to obtain real-time images of the internal structures during surgical procedures.
The primary components of image-guided surgery devices encompass the devices themselves and the accompanying software. Image-guided surgery devices are specifically designed to assist surgeons in navigating a patient's anatomy in three dimensions (3D) in real-time. Various devices involved in this process include CT, ultrasound, MRI, X-ray, fluoroscopy, endoscopes, PET, and SPECT. These devices find applications in a range of surgical fields such as cardiac surgery, neurosurgery, orthopedic surgery, urology, oncology surgery, gastroenterology, and other medical specialties. The end-users of these devices include hospitals, ambulatory surgical centers, specialty clinics, as well as research and academic institutions.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The sharp increase in U.S. tariffs and resulting trade tensions in spring 2025 are significantly impacting the medical equipment sector, especially for imported components used in imaging machines, surgical-grade stainless steel, and disposable plastics. With hospitals and clinics pushing back against price increases, manufacturers are facing margin pressure. The situation is further complicated by regulatory challenges, as switching suppliers due to tariffs often necessitates re-certification of medical devices, leading to delays in market entry. In response, companies are mitigating risks by dual-sourcing key components, ramping up domestic production of standardized items, and accelerating research into more cost-effective materials.
The image guided surgery devices market research report is one of a series of new reports from The Business Research Company that provides image guided surgery devices market statistics, including image guided surgery devices industry global market size, regional shares, competitors with image guided surgery devices market share, detailed image guided surgery devices market segments, market trends, and opportunities, and any further data you may need to thrive in the image guided surgery devices industry. This image guided surgery devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The image guided surgery devices market size has grown strongly in recent years. It will grow from $8.87 billion in 2024 to $9.71 billion in 2025 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to rising prevalence of chronic diseases, expanding applications, healthcare infrastructure development, increasing awareness among healthcare professionals, regulatory support and approvals.
The image guided surgery devices market size is expected to see rapid growth in the next few years. It will grow to $15.75 billion in 2029 at a compound annual growth rate (CAGR) of 12.9%. The growth in the forecast period can be attributed to market expansion in emerging economies, patient preference for minimally invasive procedures, customization and personalization of treatments, global health challenges and preparedness, collaborations and partnerships. Major trends in the forecast period include continued technological innovations, integration with artificial intelligence, technological advancements, global market expansion, increasing adoption of robotics.
The forecast of 12.9% growth over the next five years indicates a slight reduction of 0.2% from the previous estimate for this market.This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through supply chain disruptions for infrared tracking cameras and electromagnetic navigation sensors, sourced from key regions such as Germany and Japan, which could lead to delayed adoption of precision surgical techniques and increased costs for minimally invasive procedures.The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.
The anticipated increase in neurological disorders is set to drive the growth of the image-guided surgery devices market in the coming years. Neurological disorders, impacting both the central and peripheral nervous systems, can be effectively addressed using image-guided surgery devices. These devices play a crucial role in performing minimally invasive surgeries for conditions such as brain tumors and brain biopsies. According to the European Academy of Neurology in May 2022, one in three individuals is expected to be affected by a neurological disease at some point in their lives, with a nearly 40% increase in deaths due to neurological conditions over the past 30 years. This rise in neurological disorders is a significant factor propelling the expansion of the image-guided surgery devices market.
The growing preference for minimally invasive surgeries (MIS) is anticipated to drive the expansion of the image-guided surgery devices market in the coming years. MIS refers to surgical procedures that are performed with minimal disruption to the body, in contrast to traditional open surgeries. The incorporation of image-guided surgery devices in these minimally invasive procedures enhances precision, safety, and patient outcomes while also reducing recovery time, making them essential tools in contemporary surgical practices. For example, a report from The Aesthetic Society, a U.S.-based organization focused on plastic surgery and cosmetic medicine, noted that Americans spent over $11.8 billion on aesthetic procedures in total, reflecting a 2% increase from the previous year. Thus, the increasing preference for minimally invasive surgeries is driving the growth of the image-guided surgery devices market.
Technological advancements emerge as a significant trend in the image-guided surgery devices market, with major players focusing on introducing advanced technologies to strengthen their market position. In March 2022, Siemens Healthineers unveiled innovative devices, including MAGNETOM Free. Star and NAEOTOM Alpha. MAGNETOM Free. Star, a helium-free scanner, employs DryCool technology, utilizing digitalization and artificial intelligence (AI) to simplify complex MRI technologies and deliver high-quality results in MRI scans. The NAEOTOM Alpha, equipped with the QuantaMax detector, provides high-resolution images at a lower dose, offering improved contrast at lower noise for precise, non-invasive diagnoses in cardiology, pulmonology, cancer, and emergency medicine.
Prominent companies in the image-guided surgery devices market are placing a strategic focus on innovative products such as the mobile C-arm system to boost their revenues. The mobile C-arm system serves as a medical imaging device crucial for capturing real-time X-ray images during surgical and interventional procedures. In May 2023, Koninklijke Philips N.V., a health technology company based in the Netherlands, introduced the Zenition 10, showcasing advanced flat panel detector technology. This technology not only enhances the affordability of therapy but also improves patient outcomes. The Zenition 10 system offers individualized user profiles, application-specific protocols, exceptional C-arm mobility, and a low-dose pediatric mode. Designed to handle high patient throughput with speed and efficiency, the system is also versatile enough to meet the specific requirements of trauma, orthopedics, and other surgical specialties, optimizing its usage. As an affordable imaging option for routine surgery, it provides the necessary speed and efficiency to manage a high patient flow.
In July 2024, GE Healthcare, a medical technology company based in the U.S., acquired Intelligent Ultrasound Group plc for an undisclosed sum. This acquisition is intended to bolster GE Healthcare's ultrasound capabilities by integrating Intelligent Ultrasound's cutting-edge AI technology, which aims to improve diagnostic accuracy and streamline workflows for healthcare professionals. Intelligent Ultrasound Group plc, located in the UK, specializes in developing artificial intelligence and software solutions for ultrasound imaging, enhancing the accuracy and efficiency of ultrasound procedures across various medical applications.
Major companies operating in the image guided surgery devices market include General Electric Company, Medtronic Plc., Olympus Corporation, Siemens Healthineers, Koninklijke Philips N.V., Brainlab AG, Karl Storz Gmbh & Co. KG, Stryker Corporation, Varian Medical Systems Inc., Hitachi Medical Corporation, Analogic Corporation, Zimmer Biomet Holdings Inc., Smith and Nephew Plc, FUJIFILM Holdings Corporation, Shimadzu Corporation, Intuitive Surgical Inc., Canon Medical Systems Corporation, Synaptive Medical, Accuray Incorporated, ClaroNav Inc., Merge Healthcare Inc., CureMetric Health Tech, Mirada Medical Ltd., Elekta AB, XION GmbH, Northern Digital Inc., Fiagon AG Medical Technologies
North America was the largest region in the image guided surgery devices market in 2024. The regions covered in the image guided surgery devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the image guided surgery devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The image guided surgery devices market includes revenues earned by entities by providing ultrasound, and angiography integration software. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The image guided surgery devices market also consists of sales of surgical navigation equipment, tracking tools, and IGS systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Image Guided Surgery Devices Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on image guided surgery devices market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for image guided surgery devices ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The image guided surgery devices market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.