Image-guided Therapy Systems Market - Global Industry Analysis

Image-guided Therapy Systems Market By Product (Positron Emission Tomography (PET), Magnetic Resonance Imaging (MRI), and Others), By Application (Oncology, Cardiology & Electrophysiology, Neurosurgery, Urology, and Others), By End-User (Ambulatory Surgery Centers, Hospitals, and Clinics), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2028

Published Date: 10-May-2022 Category: Healthcare Report Format : PDF Pages: 110 Report Code: ZMR-3377 Status : Published

The global image-guided therapy systems market was worth around USD 2.31 billion in 2021 and is estimated to grow to about USD 3.39 billion by 2028, with a compound annual growth rate (CAGR) of approximately 5.9 percent over the forecast period.

Description

Industry Prospective:

The global image-guided therapy systems market was worth around USD 2.31 billion in 2021 and is estimated to grow to about USD 3.39 billion by 2028, with a compound annual growth rate (CAGR) of approximately 5.9 percent over the forecast period. The report analyzes the image-guided therapy systems market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the image-guided therapy systems market.

mage-guided Therapy Systems Market: Overview

A novel approach to invasive surgeries is image-guided treatment, which allows doctors to design, perform, and evaluate treatment methods and surgical operations using an imaging platform. Image-guided treatment is a diagnostic technique used frequently in minimally invasive surgeries. The growing preference for minimally invasive operations, technical improvements in medical imaging, and the global burden of chronic diseases are all supporting the market expansion.

COVID-19 Impact:

The impact of the pandemic was observed to be positive on the global image-guided therapy systems market growth. To reduce TAT and hospital stay, physicians preferred minimally invasive operations during this period. Further, to reduce the risk of hospital-acquired infections, image-guided and robotic procedures became more popular. This includes protection against the highly dangerous coronavirus. This pattern is likely to persist in the future. With the increased efficiency of this treatment, both emerging and developed countries are projected to increase their use of robotic surgery and image-guided surgery. As a result, the number of remote surgeries will increase in the upcoming years.

Image-guided Therapy Systems Market: Growth Drivers

The rising incidence of chronic diseases including cancer, cardiovascular, and respiratory disorders is propelling the industry forward globally. According to the International Agency for Research on Cancer, global cancer incidence increased to over 18 million in 2018. To tackle such prevalent diseases, many medical device companies are developing innovative platforms to redefine the landscape of surgical procedures for chronic diseases in response to the urgent scenario. For example, Philips' Azurion platform recently released an image-guided platform with additional workflow choices and performance dashboards to aid doctors in regular and challenging surgeries like vascular surgery, interventional cardiology, neuroradiology, and oncology. The advancement of image-guided therapies has the potential to drastically reduce medical expenses while also improving the standard of care. All these factors are expected to contribute to the growth of the market.

Image-guided Therapy Systems Market: Restraints

Low penetration of image-guided therapy in low-income countries due to the high cost of the devices may hinder the market growth.

Catheters, micro-instruments, biopsy needles, endoscopes, and lasers are used in image-guided surgical operations, which are mostly minimally invasive procedures in which direct visibility is limited or not available. Considering the cost, the MR unit, navigational system, and MR-compatible gadgets installation costs are normally in the USD 5 million to USD 6 million brackets. In addition, the added annual running costs, which are similar to those of a traditional OR, would be roughly USD 1 million, bringing the total cost to USD 10 million for five years. Even if the MR unit performs 1,000 treatments each year, each procedure would cost at least an extra USD 2,000 per year. However, it is unclear whether patient outcomes would improve or hospital stays will be reduced. All such factors may restrain the global image-guided therapy systems market growth.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Image-guided Therapy Systems Market: Opportunities

Increasing funding for the innovation and development of cost-effective image-guided therapy systems is likely to offer better growth opportunities.

In recent years, demand for minimally invasive surgeries has increased double-fold. The changes in surgical procedures can be seen in developing countries as well. The governments in these regions are willing to offer better growth prospects for the manufacturers in the field. For this, many government schemes and funding are now available which is significantly fueling the development of new and cost-effective image-guided systems in the emerging markets. These all factors are pushing the manufacturers and healthcare providers to develop and adopt image-guided systems.

Image-guided Therapy Systems Market: Challenges.

A dearth of skilled professionals and high prices of therapy poses a major challenge to the market growth.

Image-guided therapy demands a skilled medical expert and time for the medical people to maneuver the imaging device through the patient's organs. All new technology and techniques necessitate further training for both imaging and traditional OR employees (physicians and nurses). Because the full benefits of novel technology cannot be assessed without sufficient staff training, conducting outcomes studies too soon will have negative consequences. As a result, it is beneficial to undergo training before undertaking this research. As a result, it is more expensive than other screening/testing methods. This could prevent the market from expanding.

Image-guided Therapy Systems Market: Segmentation

The global image-guided therapy systems market is categorized into product, application, end-user, and region. The product segment of the market is categorized into Positron emission tomography (PET), magnetic resonance imaging (MRI), and others. By application, the market is segregated into oncology, neurosurgery, cardiology & electrophysiology, urology, and others. The end-user segment of the market is split into hospitals, ambulatory surgery centers, and clinics.

Recent Developments

  • December 2021, Royal Philips, a global leader in health technology, confirmed that it has agreed to buy Vesper Medical Inc., a medical technology business located in the United States that produces minimally invasive peripheral vascular products. With a sophisticated venous stent array for treating deep venous illness, Vesper Medical will add to Philips' diagnostic and therapeutic device range.
  • April 2021, Siemens Healthineers AG announced that the purchase of Varian Medical Systems, Inc. ("Varian") was completed successfully. The transaction was previously disclosed in August 2020. The company's foundations in in-vitro diagnostics, image-guided treatment, in-vivo diagnostics, and revolutionary cancer care will be strengthened by this acquisition.

Image-guided Therapy Systems Market: Regional Landscape

North America to dominate the global market over the forecast period.

North America will continue to dominate the global image-guided therapy systems market throughout the projected period. This is due to the region's broad adoption of technologically advanced medical equipment and the availability of a favorable reimbursement environment. Other factors driving market expansion include the rising prevalence of chronic illnesses and the increasing demands for less invasive operations. The growing number of ambulatory surgical facilities across the area is also driving the market. Further, Latin America is also seeing a surge in health tourism for minimally invasive cardiovascular and gastroenterology procedures, which is anticipated to fuel market growth in the region. The image-guided therapy systems industry in Asia Pacific is expected to develop rapidly. This is due to the region's fast-expanding geriatric population and increasing chronic illness prevalence.

Image-guided Therapy Systems Market: Competitive Landscape

Key players operating in the global image-guided therapy systems market include Siemens, Koninklijke Philips N.V., FUJIFILM Holdings Corporation, General Electric Company, Medtronic, Brainlab AG, CANON MEDICAL SYSTEMS CORPORATION, Varian Medical Systems, Inc., Analogic Corporation, XinRay Systems, TOSHIBA CORPORATION, Olympus Corporation, Hitachi, Ltd., C-RAD, KARL STORZ SE & Co. KG, Elekta AB, IBA Worldwide, Isoray Inc., Mevion Medical Systems, and Accuray Incorporated, among others.

Global image-guided therapy systems market is segmented as follows:

By Product

  • Positron Emission Tomography (PET)
  • Magnetic Resonance Imaging (MRI)
  • Others

By Application

  • Oncology
  • Cardiology and Electrophysiology
  • Neurosurgery
  • Urology
  • Others

By End-User

  • Ambulatory Surgery Centers
  • Hospitals
  • Clinics

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Image-guided Therapy Systems Market, (2022 - 2028) (USD Billion)
    • 2.2 Global Image-guided Therapy Systems Market : snapshot
  • Chapter 3. Global Image-guided Therapy Systems Market - Industry Analysis
    • 3.1 Image-guided Therapy Systems Market: Market Dynamics
    • 3.2 Market Drivers
    • 3.3 Market Restraints
      • 3.3.1. Low penetration of image-guided therapy in low-income countries due to the high cost of the devices may hinder the market growth.
    • 3.4 Market Opportunities
      • 3.4.1. Increasing funding for the innovation and development of cost-effective image-guided therapy systems is likely to offer better growth opportunities.
    • 3.5 Market Challenges
      • 3.5.1. A dearth of skilled professionals and high prices of therapy poses a major challenge to the market growth.
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Product
      • 3.7.2 Market attractiveness analysis By Application
      • 3.7.3 Market attractiveness analysis By End-User
  • Chapter 4. Global Image-guided Therapy Systems Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Image-guided Therapy Systems Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Image-guided Therapy Systems Market - Product Analysis
    • 5.1 Global Image-guided Therapy Systems Market overview: By Product
      • 5.1.1 Global Image-guided Therapy Systems Market share, By Product, 2021 and 2028
    • 5.2 Positron Emission Tomography (PET)
      • 5.2.1 Global Image-guided Therapy Systems Market by Positron Emission Tomography (PET), 2022 - 2028 (USD Billion)
    • 5.3 Magnetic Resonance Imaging (MRI)
      • 5.3.1 Global Image-guided Therapy Systems Market by Magnetic Resonance Imaging (MRI), 2022 - 2028 (USD Billion)
    • 5.4 Others
      • 5.4.1 Global Image-guided Therapy Systems Market by Others, 2022 - 2028 (USD Billion)
  • Chapter 6. Global Image-guided Therapy Systems Market - Application Analysis
    • 6.1 Global Image-guided Therapy Systems Market overview: By Application
      • 6.1.1 Global Image-guided Therapy Systems Market share, By Application, 2021 and 2028
    • 6.2 Oncology
      • 6.2.1 Global Image-guided Therapy Systems Market by Oncology, 2022 - 2028 (USD Billion)
    • 6.3 Cardiology and Electrophysiology
      • 6.3.1 Global Image-guided Therapy Systems Market by Cardiology and Electrophysiology, 2022 - 2028 (USD Billion)
    • 6.4 Neurosurgery
      • 6.4.1 Global Image-guided Therapy Systems Market by Neurosurgery, 2022 - 2028 (USD Billion)
    • 6.5 Urology
      • 6.5.1 Global Image-guided Therapy Systems Market by Urology, 2022 - 2028 (USD Billion)
    • 6.6 Others
      • 6.6.1 Global Image-guided Therapy Systems Market by Others, 2022 - 2028 (USD Billion)
  • Chapter 7. Global Image-guided Therapy Systems Market - End-User Analysis
    • 7.1 Global Image-guided Therapy Systems Market overview: By End-User
      • 7.1.1 Global Image-guided Therapy Systems Market share, By End-User, 2021 and 2028
    • 7.2 Ambulatory Surgery Centers
      • 7.2.1 Global Image-guided Therapy Systems Market by Ambulatory Surgery Centers, 2022 - 2028 (USD Billion)
    • 7.3 Hospitals
      • 7.3.1 Global Image-guided Therapy Systems Market by Hospitals, 2022 - 2028 (USD Billion)
    • 7.4 Clinics
      • 7.4.1 Global Image-guided Therapy Systems Market by Clinics, 2022 - 2028 (USD Billion)
  • Chapter 8. Image-guided Therapy Systems Market - Regional Analysis
    • 8.1 Global Image-guided Therapy Systems Market Regional Overview
    • 8.2 Global Image-guided Therapy Systems Market Share, by Region, 2021 & 2028 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Image-guided Therapy Systems Market, 2022 - 2028 (USD Billion)
        • 8.3.1.1 North America Image-guided Therapy Systems Market, by Country, 2022 - 2028 (USD Billion)
    • 8.4 North America Image-guided Therapy Systems Market, by Product, 2022 - 2028
      • 8.4.1 North America Image-guided Therapy Systems Market, by Product, 2022 - 2028 (USD Billion)
    • 8.5 North America Image-guided Therapy Systems Market, by Application, 2022 - 2028
      • 8.5.1 North America Image-guided Therapy Systems Market, by Application, 2022 - 2028 (USD Billion)
    • 8.6 North America Image-guided Therapy Systems Market, by End-User, 2022 - 2028
      • 8.6.1 North America Image-guided Therapy Systems Market, by End-User, 2022 - 2028 (USD Billion)
    • 8.4. Europe
      • 8.4.2 Europe Image-guided Therapy Systems Market, 2022 - 2028 (USD Billion)
        • 8.4.2.1 Europe Image-guided Therapy Systems Market, by Country, 2022 - 2028 (USD Billion)
    • 8.4 Europe Image-guided Therapy Systems Market, by Product, 2022 - 2028
      • 8.4.1 Europe Image-guided Therapy Systems Market, by Product, 2022 - 2028 (USD Billion)
    • 8.5 Europe Image-guided Therapy Systems Market, by Application, 2022 - 2028
      • 8.5.1 Europe Image-guided Therapy Systems Market, by Application, 2022 - 2028 (USD Billion)
    • 8.6 Europe Image-guided Therapy Systems Market, by End-User, 2022 - 2028
      • 8.6.1 Europe Image-guided Therapy Systems Market, by End-User, 2022 - 2028 (USD Billion)
    • 8.5. Asia Pacific
      • 8.5.3 Asia Pacific Image-guided Therapy Systems Market, 2022 - 2028 (USD Billion)
        • 8.5.3.1 Asia Pacific Image-guided Therapy Systems Market, by Country, 2022 - 2028 (USD Billion)
    • 8.4 Asia Pacific Image-guided Therapy Systems Market, by Product, 2022 - 2028
      • 8.4.1 Asia Pacific Image-guided Therapy Systems Market, by Product, 2022 - 2028 (USD Billion)
    • 8.5 Asia Pacific Image-guided Therapy Systems Market, by Application, 2022 - 2028
      • 8.5.1 Asia Pacific Image-guided Therapy Systems Market, by Application, 2022 - 2028 (USD Billion)
    • 8.6 Asia Pacific Image-guided Therapy Systems Market, by End-User, 2022 - 2028
      • 8.6.1 Asia Pacific Image-guided Therapy Systems Market, by End-User, 2022 - 2028 (USD Billion)
    • 8.6. Latin America
      • 8.6.4 Latin America Image-guided Therapy Systems Market, 2022 - 2028 (USD Billion)
        • 8.6.4.1 Latin America Image-guided Therapy Systems Market, by Country, 2022 - 2028 (USD Billion)
    • 8.4 Latin America Image-guided Therapy Systems Market, by Product, 2022 - 2028
      • 8.4.1 Latin America Image-guided Therapy Systems Market, by Product, 2022 - 2028 (USD Billion)
    • 8.5 Latin America Image-guided Therapy Systems Market, by Application, 2022 - 2028
      • 8.5.1 Latin America Image-guided Therapy Systems Market, by Application, 2022 - 2028 (USD Billion)
    • 8.6 Latin America Image-guided Therapy Systems Market, by End-User, 2022 - 2028
      • 8.6.1 Latin America Image-guided Therapy Systems Market, by End-User, 2022 - 2028 (USD Billion)
    • 8.7. The Middle-East and Africa
      • 8.7.5 The Middle-East and Africa Image-guided Therapy Systems Market, 2022 - 2028 (USD Billion)
        • 8.7.5.1 The Middle-East and Africa Image-guided Therapy Systems Market, by Country, 2022 - 2028 (USD Billion)
    • 8.4 The Middle-East and Africa Image-guided Therapy Systems Market, by Product, 2022 - 2028
      • 8.4.1 The Middle-East and Africa Image-guided Therapy Systems Market, by Product, 2022 - 2028 (USD Billion)
    • 8.5 The Middle-East and Africa Image-guided Therapy Systems Market, by Application, 2022 - 2028
      • 8.5.1 The Middle-East and Africa Image-guided Therapy Systems Market, by Application, 2022 - 2028 (USD Billion)
    • 8.6 The Middle-East and Africa Image-guided Therapy Systems Market, by End-User, 2022 - 2028
      • 8.6.1 The Middle-East and Africa Image-guided Therapy Systems Market, by End-User, 2022 - 2028 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Siemens
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Koninklijke Philips N.V.
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 FUJIFILM Holdings Corporation
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 General Electric Company
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Medtronic
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Brainlab AG
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 CANON MEDICAL SYSTEMS CORPORATION
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Varian Medical Systems
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Inc.
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Analogic Corporation
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 XinRay Systems
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 TOSHIBA CORPORATION
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 Olympus Corporation
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 Hitachi Ltd.
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
    • 9.15 C-RAD
      • 9.15.1 Overview
      • 9.15.2 Financials
      • 9.15.3 Product Portfolio
      • 9.15.4 Business Strategy
      • 9.15.5 Recent Developments
    • 9.16 KARL STORZ SE & Co. KG
      • 9.16.1 Overview
      • 9.16.2 Financials
      • 9.16.3 Product Portfolio
      • 9.16.4 Business Strategy
      • 9.16.5 Recent Developments
    • 9.17 Elekta AB
      • 9.17.1 Overview
      • 9.17.2 Financials
      • 9.17.3 Product Portfolio
      • 9.17.4 Business Strategy
      • 9.17.5 Recent Developments
    • 9.18 IBA Worldwide
      • 9.18.1 Overview
      • 9.18.2 Financials
      • 9.18.3 Product Portfolio
      • 9.18.4 Business Strategy
      • 9.18.5 Recent Developments
    • 9.19 Isoray Inc.
      • 9.19.1 Overview
      • 9.19.2 Financials
      • 9.19.3 Product Portfolio
      • 9.19.4 Business Strategy
      • 9.19.5 Recent Developments
    • 9.20 Mevion Medical Systems
      • 9.20.1 Overview
      • 9.20.2 Financials
      • 9.20.3 Product Portfolio
      • 9.20.4 Business Strategy
      • 9.20.5 Recent Developments
    • 9.21 Accuray Incorporated
      • 9.21.1 Overview
      • 9.21.2 Financials
      • 9.21.3 Product Portfolio
      • 9.21.4 Business Strategy
      • 9.21.5 Recent Developments
    • 9.22 among others.
      • 9.22.1 Overview
      • 9.22.2 Financials
      • 9.22.3 Product Portfolio
      • 9.22.4 Business Strategy
      • 9.22.5 Recent Developments

Table Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Image-guided Therapy Systems Market, 2022 - 2028 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Image-guided Therapy Systems Market attractiveness, By Product
  • 6. Global Image-guided Therapy Systems Market attractiveness, By Application
  • 7. Global Image-guided Therapy Systems Market attractiveness, By End-User
  • 8. Global Image-guided Therapy Systems Market share by Product, 2022 and 2028 (USD Billion)
  • 9. Global Image-guided Therapy Systems Market by Positron Emission Tomography (PET), 2022 - 2028 (USD Billion)
  • 10. Global Image-guided Therapy Systems Market by Magnetic Resonance Imaging (MRI), 2022 - 2028 (USD Billion)
  • 11. Global Image-guided Therapy Systems Market by Others, 2022 - 2028 (USD Billion)
  • 12. Global Image-guided Therapy Systems Market share by Application, 2022 and 2028 (USD Billion)
  • 13. Global Image-guided Therapy Systems Market by Oncology, 2022 - 2028 (USD Billion)
  • 14. Global Image-guided Therapy Systems Market by Cardiology and Electrophysiology, 2022 - 2028 (USD Billion)
  • 15. Global Image-guided Therapy Systems Market by Neurosurgery, 2022 - 2028 (USD Billion)
  • 16. Global Image-guided Therapy Systems Market by Urology, 2022 - 2028 (USD Billion)
  • 17. Global Image-guided Therapy Systems Market by Others, 2022 - 2028 (USD Billion)
  • 18. Global Image-guided Therapy Systems Market share by End-User, 2022 and 2028 (USD Billion)
  • 19. Global Image-guided Therapy Systems Market by Ambulatory Surgery Centers, 2022 - 2028 (USD Billion)
  • 20. Global Image-guided Therapy Systems Market by Hospitals, 2022 - 2028 (USD Billion)
  • 21. Global Image-guided Therapy Systems Market by Clinics, 2022 - 2028 (USD Billion)
  • 22. Global Image-guided Therapy Systems Market share, by Region, 2022 and 2028
  • 23. North America Image-guided Therapy Systems Market, 2022 - 2028 (USD Billion)
  • 24. Europe Image-guided Therapy Systems Market, 2022 - 2028 (USD Billion)
  • 25. Asia Pacific Image-guided Therapy Systems Market, 2022 - 2028 (USD Billion)
  • 26. Latin America Image-guided Therapy Systems Market, 2022 - 2028 (USD Billion)
  • 27. The Middle-East and Africa Image-guided Therapy Systems Market, 2022 - 2028 (USD Billion)

Table Of Tables

  • 1. Global Image-guided Therapy Systems Market: Snapshot
  • 2. Drivers of the Image-guided Therapy Systems Market: impact analysis
  • 3. North America Image-guided Therapy Systems Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 4. North America Image-guided Therapy Systems Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 5. North America Image-guided Therapy Systems Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 6. U.S. Image-guided Therapy Systems Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 7. U.S. Image-guided Therapy Systems Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 8. U.S. Image-guided Therapy Systems Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 9. Canada Image-guided Therapy Systems Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 10. Canada Image-guided Therapy Systems Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 11. Canada Image-guided Therapy Systems Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 12. Europe Image-guided Therapy Systems Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 13. Europe Image-guided Therapy Systems Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 14. Europe Image-guided Therapy Systems Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 15. Germany Image-guided Therapy Systems Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 16. Germany Image-guided Therapy Systems Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 17. Germany Image-guided Therapy Systems Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 18. France Image-guided Therapy Systems Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 19. France Image-guided Therapy Systems Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 20. France Image-guided Therapy Systems Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 21. U.K. Image-guided Therapy Systems Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 22. U.K. Image-guided Therapy Systems Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 23. U.K. Image-guided Therapy Systems Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 24. Italy Image-guided Therapy Systems Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 25. Italy Image-guided Therapy Systems Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 26. Italy Image-guided Therapy Systems Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 27. Spain Image-guided Therapy Systems Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 28. Spain Image-guided Therapy Systems Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 29. Spain Image-guided Therapy Systems Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 30. Rest of Europe Image-guided Therapy Systems Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 31. Rest of Europe Image-guided Therapy Systems Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 32. Rest of Europe Image-guided Therapy Systems Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 33. Asia Pacific Image-guided Therapy Systems Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 34. Asia Pacific Image-guided Therapy Systems Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 35. Asia Pacific Image-guided Therapy Systems Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 36. China Image-guided Therapy Systems Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 37. China Image-guided Therapy Systems Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 38. China Image-guided Therapy Systems Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 39. Japan Image-guided Therapy Systems Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 40. Japan Image-guided Therapy Systems Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 41. Japan Image-guided Therapy Systems Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 42. India Image-guided Therapy Systems Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 43. India Image-guided Therapy Systems Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 44. India Image-guided Therapy Systems Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 45. South Korea Image-guided Therapy Systems Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 46. South Korea Image-guided Therapy Systems Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 47. South Korea Image-guided Therapy Systems Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 48. South-East Asia Image-guided Therapy Systems Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 49. South-East Asia Image-guided Therapy Systems Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 50. South-East Asia Image-guided Therapy Systems Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 51. Rest of Asia Pacific Image-guided Therapy Systems Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 52. Rest of Asia Pacific Image-guided Therapy Systems Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 53. Rest of Asia Pacific Image-guided Therapy Systems Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 54. Latin America Image-guided Therapy Systems Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 55. Latin America Image-guided Therapy Systems Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 56. Latin America Image-guided Therapy Systems Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 57. Brazil Image-guided Therapy Systems Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 58. Brazil Image-guided Therapy Systems Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 59. Brazil Image-guided Therapy Systems Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 60. Mexico Image-guided Therapy Systems Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 61. Mexico Image-guided Therapy Systems Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 62. Mexico Image-guided Therapy Systems Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 63. Rest of Latin America Image-guided Therapy Systems Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 64. Rest of Latin America Image-guided Therapy Systems Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 65. Rest of Latin America Image-guided Therapy Systems Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 66. The Middle-East and Africa Image-guided Therapy Systems Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 67. The Middle-East and Africa Image-guided Therapy Systems Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 68. The Middle-East and Africa Image-guided Therapy Systems Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 69. GCC Countries Image-guided Therapy Systems Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 70. GCC Countries Image-guided Therapy Systems Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 71. GCC Countries Image-guided Therapy Systems Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 72. South Africa Image-guided Therapy Systems Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 73. South Africa Image-guided Therapy Systems Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 74. South Africa Image-guided Therapy Systems Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 75. Rest of Middle-East Africa Image-guided Therapy Systems Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 76. Rest of Middle-East Africa Image-guided Therapy Systems Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 77. Rest of Middle-East Africa Image-guided Therapy Systems Market revenue, By End-User, 2022 - 2028 (USD Billion)

Methodology

Free Analysis

Image-guided therapy is the practice of using medical imaging to arrange, execute, and assess therapeutic interventions and surgical procedures. Surgeries can be made more precise and less invasive by using image-guided therapy systems. On the other hand, minimally invasive surgeries are steered by image-guided therapy systems. Magnetic Resonance Imaging (MRI), Positron Emission Tomography (PET), and Computed Tomography (CT) scan are the most commonly used image-guided therapy procedures. Magnetic Resonance Imaging (MRI) is used to form detailed pictures of the organs in the body by employing radio waves, strong magnetic fields, and magnetic field gradients. A Positron Emission Tomography (PET) scan uses a radioactive drug to reveal the functioning of tissues and organs. In Computed Tomography (CT) scan, a slender beam of X-rays is aimed at a subject and rapidly rotated around the body producing signals. These signals are processed by the computer to develop cross-sectional images of the body.

Image-guided therapy systems have been used in a wide variety of disorders and conditions. The most important and popular application of image-guided therapy systems is in the treatment of cancer. The development of new innovative image-guided systems has made cancer treatment less invasive, more targeted, and economical. Use of imaging to spearhead treatment procedures allows the physicians to precisely focus on the tumor. This targeted treatment keeps the healthy tissue unharmed and reduces the side effects to a great extent. Recently many studies have shown that local tumor ablation based treatment approaches are more effective in the treatment of cancer. In thermal ablation therapy, instead of removing the tumor surgically it is destroyed at its place by increasing the temperature inside the tumor above lethal levels. Thermal ablation therapy is a localized cancer treatment that reduces hospital stay and is well tolerated by the patients. Image-guided therapy systems are required at all the levels of treatment such as planning, targeting, heating, and validation. In thermal ablation, MRI (Magnetic Resonance Imaging), US (Ultrasonography), and CT (Computed Tomography) are used.

Global Image guided Therapy Systems Market

According to the World Health Organization (WHO), cardiovascular diseases are the number one cause of death worldwide. According to WHO estimates, around 17.7 million people died from cardiovascular diseases in 2015. According to WHO, cancer causes a second highest number of deaths around the world. In 2018, the number of cancer-related deaths was around 9.6 million. One in six deaths in the world is due to cancer. The majority (approximately 70%) of cancer-related deaths take place in middle and low-income nations.   
  
Factors such as growing incidence of chronic conditions like hypertension and cardiovascular disorders, increasing inclination towards minimally invasive procedures, advantages of image-guided therapies like reduction of post-operative complications, and increased government spending on healthcare will act as driving factors in the growth of global image-guided therapy systems market. Moreover, increasing investments by major companies and a growing number of cancer cases will boost the global image-guided therapy systems market. The rise in research and development activities leading to the development of new and improved image-guided systems will act as an opportunity for the market players in the image-guided therapy systems market. However, high costs related to these therapy systems and lack of skilled professionals in developing regions will restrict the growth of global image-guided therapy systems market.

The global image-guided therapy systems market has been segmented into product, application, end-use, and region. The product segment has been segmented into Positron Emission Tomography (PET), Magnetic Resonance Imaging (MRI), and others. Magnetic Resonance Imaging (MRI) segment holds the maximum share of the product segment owing to its wide application range. Based on the application, image-guided therapy systems market has been segmented into oncology, cardiology and electrophysiology, neurosurgery, and others. Based on end-use, the image-guided therapy systems market has been segmented into ambulatory surgery centers and hospitals.

North America will be the leading region during the forecast period. Presence of major companies and increased government funding for the accommodation of image-guided therapies at research centers will drive the market growth in this region. Europe will be the second largest market. The Asia Pacific is expected to grow at a rapid rate over the forecast period. Increasing prevalence of cardiovascular disorders and cancer will boost the image-guided therapy systems market in this region. Latin America market will grow at a conservative rate during the forecast period. The Middle East and Africa are expected to experience a reasonable market growth in the near future.

Some of the key players in the image-guided therapy systems market include Toshiba Medical Systems, Koninklijke Philips N.V., General Electric Company, Medtronic Plc, Siemens AG, Image Guided Therapy, Brain Lab AG, and Varian Medical System, Inc., among others.

Choose License Type

Request the coronavirus impact analysis across industries and markets

FrequentlyAsked Questions

The rising incidence of chronic diseases including cancer, cardiovascular, and respiratory disorders is propelling the industry forward globally. The advancement of image-guided therapies has the potential to drastically reduce medical expenses while also improving the standard of care. All these factors are expected to contribute to the growth of the market.

According to the Zion Market Research report, the global image-guided therapy systems market was worth about 2.31 (USD billion) in 2021 and is predicted to grow to around 3.39 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 5.9 percent.

North America will continue to dominate the image-guided therapy systems market throughout the projected period. This is due to the region's broad adoption of technologically advanced medical equipment and the availability of a favorable reimbursement environment. Other factors driving market expansion include the rising prevalence of chronic illnesses and the increasing demands for less invasive operations. The growing number of ambulatory surgical facilities across the area is also driving the market.

Key players operating in the global Image-guided therapy systems market include Siemens, Koninklijke Philips N.V., FUJIFILM Holdings Corporation, General Electric Company, Medtronic, Brainlab AG, CANON MEDICAL SYSTEMS CORPORATION, Varian Medical Systems, Inc., Analogic Corporation, XinRay Systems, TOSHIBA CORPORATION, Olympus Corporation, Hitachi, Ltd., C-RAD, KARL STORZ SE & Co. KG, Elekta AB, IBA Worldwide, Isoray Inc., Mevion Medical Systems, and Accuray Incorporated, among others.

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (844) 845-5245
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No 020-46277770

Contact #

US OFFICE NO +1 (844) 845-5245
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed