Image Guided Therapy System Market: Current Analysis and Forecast (2022-2028)

The global image guided therapy system market is expected to grow at a significant rate of around 6% during the forecast period. Image-guided therapy interrogates the use of any form of medical imaging to plan, perform, and evaluate surgical procedures and therapeutic interventions. Techniques for image-guided therapy aid in making surgeries less invasive and more precise. The most prevalent methods are Computed Tomography (CT) and Magnetic Resonance Imaging (MRI). These techniques are likewise upheld by ultrasound, angiography, careful route hardware, following devices, and joining programming.

Moreover, the image-guided therapy system is expanding due to a number of factors, including an increase in initiatives for cancer radiotherapy, an increase in the burden of chronic diseases, and an increase in the elderly population. According to the GLOBOCAN 2020 report from the International Agency for Research on Cancer, which estimated the incidence and mortality of 36 cancers in 185 countries worldwide, an estimated 19,292,789 new cases of cancer were diagnosed in 2020 and approximately 9,958,133 people died from cancer worldwide.

Koninklijke Philips N.V., Medtronic Plc., Siemens Healthineers, Analogic Corporation, GE Healthcare, Varian Medical Systems Inc., Brainlab AG, Olympus Corporation, Stryker, FUJIFILM Holdings Corporation Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report:

"Amongst application, cardiac surgery category to witness robust CAGR during the forecast period"

Based on application, the market is segmented into neurosurgery, cardiac surgery, urology, orthopedic surgery, and others. Amongst, the cardiac surgery category is to witness higher CAGR during the forecast period owing to the growing number of chronic diseases such as cardiovascular diseases, cancer, and the rising geriatric populatioN.

Also, during the forecast period, the neurosurgery sector is likely to expand at a profitable rate. This market is primarily driven by the high prevalence of neurological disorders and the rising number of accident and trauma cases.

"Amongst end-user, the hospitals to hold a significant share in the market in 2020"

On the basis of end-user, the market is categorized into hospitals, ambulatory surgery centers, and clinics. Among these, the hospitals to hold a significant share of the market in 2020. This is mainly due to the availability of neurovascular devices, skilled healthcare professionals, and the safety & efficacy during the treatment procedures. Moreover, the growing patient pool suffering from neurovascular diseases such as brain aneurysms, and arteriovenous malformations are also contributing to the growth of this market during the forecast period. For instance, according to the Brain Aneurysms Foundation, about 30,000 people in the United States suffer a brain aneurysm rupture each year.

"North America to hold a significant share in the market"

For a better understanding of the market adoption of the IMAGE GUIDED THERAPY SYSTEM industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period. Due to its well-established healthcare infrastructure, rapid adoption of advanced radiation therapies, and technological advancements. Additionally, the high demand for minimally invasive procedures and value-based reimbursements in this region will boost the growth of the image guided therapy system market due to the region's aging population and rising chronic disease cases. The well-established healthcare sector and the rising incidence of cancer are the primary drivers of the market's expansion in the United States.

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Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

The study comprehensively covers the market across different segments.

Deep dive regional level analysis of the industry.

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