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Image-guided Therapy Systems Market by Product (Positron Emission Tomography (PET), Magnetic Resonance Imaging (MRI), and Others), Application (Oncology, Cardiology and Electrophysiology, Neurosurgery, and Others), and End-Use (Ambulatory Surgery Centers and Hospitals): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024

Published Date: 25-Sep-2018 Category: Healthcare Report Format : PDF Pages: 110 Report Code: ZMR-3377 Status : Published

Global image-guided therapy systems market expected to generate revenue of around USD 4717.96 million by end of 2024, growing at a CAGR of around 6.47% between 2018 and 2024. Image-guided therapy is the practice of using medical imaging to arrange, execute, and assess therapeutic interventions and surgical procedures.

Description

The report covers forecast and analysis for the image-guided therapy systems market on a global and regional level. The study provides historical data from 2015 along with a forecast from 2018 to 2024 based on revenue (USD Million). The study includes drivers and restraints for the image-guided therapy systems market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the image-guided therapy systems market on a global as well as regional level.

In order to give the users of this report a comprehensive view of the image-guided therapy systems market, we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein product segment is benchmarked based on their market size, growth rate, and general attractiveness.

Global Image guided Therapy Systems Market

The report provides company market share analysis in order to give a broader overview of the key players in the image-guided therapy systems market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research & development, regional expansion of major participants involved in the image-guided therapy systems market on the global and regional basis. 

The study provides a decisive view of the image-guided therapy systems market by segmenting the market based on product, application, end-use, and regions. The segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. 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 application, image-guided therapy systems market has been segmented into oncology, cardiology and electrophysiology, neurosurgery, and others. Based on end-use, image-guided therapy systems market has been segmented into ambulatory surgery centers and hospitals.

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa with its further divided into major countries including the U.S. Canada, Germany, France, UK, China, Japan, India, and Brazil. This segmentation includes demand for image-guided therapy systems based on individual segment and applications in all the regions and countries.

The report also includes detailed profiles of end players such as 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.

This report segments the global image-guided therapy systems market as follows:

Global Image-guided Therapy Systems Market: By Product

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

Global Image-guided Therapy Systems Market: By Application

  • Oncology
  • Cardiology and Electrophysiology
  • Neurosurgery
  • Others

Global Image-guided Therapy Systems Market: By End-Use

  • Ambulatory Surgery Centers
  • Hospitals

Global Image-guided Therapy Systems Market: By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global Image-guided Therapy Systems market, 2017 - 2024 (USD Million)
    • 2.2. Global Image-guided Therapy Systems market : Snapshot
  •  
  • Chapter 3. Image-guided Therapy Systems- Market Dynamics
    • 3.1. Introduction
    • 3.2. Market drivers
      • 3.2.1. Global Image-guided Therapy Systems market drivers: Impact analysis
      • 3.2.2. Growing incidence of chronic conditions like hypertension and cardiovascular disorders
      • 3.2.3. Increasing inclination towards minimally invasive procedures
    • 3.3. Market Restraints
      • 3.3.1. High costs related to image-guided therapy systems
      • 3.3.2. Lack of skilled professionals in developing regions
    • 3.4. Opportunities
      • 3.4.1. Rise in research and development activities leading to development of new and improved image-guided systems
    • 3.5. Porter's five forces analysis
      • 3.5.1. Bargaining power of suppliers
      • 3.5.2. Bargaining power of buyers
      • 3.5.3. Threat from new entrants
      • 3.5.4. Threat from new substitutes
      • 3.5.5. Degree of competition
    • 3.6. Market attractiveness analysis
      • 3.6.1. Market attractiveness analysis, by product segment
      • 3.6.2. Market attractiveness analysis, by application
      • 3.6.3. Market attractiveness analysis, by end use segment
  •  
  • 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, 2017
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, Regional Expansion
  •  
  • Chapter 5. Global Image-guided Therapy Systems Market - Product Segment Analysis
    • 5.1. Global Image-guided Therapy Systems market: Product overview
      • 5.1.1. Global Image-guided Therapy Systems market revenue share, by Product, 2017 and 2024
    • 5.2. Positron Emission Tomography (PET)
      • 5.2.1. Global Image-guided Therapy Systems market for Positron Emission Tomography (PET), 2017 - 2024 (USD Million)
    • 5.3. Magnetic Resonance Imaging (MRI)
      • 5.3.1. Global Image-guided Therapy Systems market for Magnetic Resonance Imaging (MRI), 2017 - 2024 (USD Million)
    • 5.4. Others
      • 5.4.1. Global Image-guided Therapy Systems market for Others, 2017 - 2024 (USD Million)
  •  
  • Chapter 6. Global Image-guided Therapy Systems Market - Application Segment Analysis
    • 6.1. Global Image-guided Therapy Systems market: Application overview
      • 6.1.1. Global Image-guided Therapy Systems market revenue share, by Application, 2017 and 2024
    • 6.2. Oncology
      • 6.2.1. Global Image-guided Therapy Systems market for Oncology, 2017 - 2024 (USD Million)
    • 6.3. Cardiology and Electrophysiology
      • 6.3.1. Global Image-guided Therapy Systems market for Cardiology and Electrophysiology, 2017 - 2024 (USD Million)
    • 6.4. Neurosurgery
      • 6.4.1. Global Image-guided Therapy Systems market for Neurosurgery, 2017 - 2024 (USD Million)
    • 6.5. Others
      • 6.5.1. Global Image-guided Therapy Systems market for Others, 2017 - 2024 (USD Million)
  •  
  • Chapter 7. Global Image-guided Therapy Systems Market - End Use Segment Analysis
    • 7.1. Global Image-guided Therapy Systems market: End-Use overview
      • 7.1.1. Global Image-guided Therapy Systems market revenue share, by End Use, 2017 and 2024
    • 7.2. Ambulatory Surgery Centers
      • 7.2.1. Global Image-guided Therapy Systems market for Ambulatory Surgery Centers, 2017 - 2024 (USD Million)
    • 7.3. Hospitals
      • 7.3.1. Global Image-guided Therapy Systems market for Hospitals, 2017 - 2024 (USD Million)
  •  
  • Chapter 8. Global Image-guided Therapy Systems Market - Regional Segment Analysis
    • 8.1. Global Image-guided Therapy Systems market: Regional overview
      • 8.1.1. Global Image-guided Therapy Systems market revenue share, by region, 2017 and 2024
    • 8.2. North America
      • 8.2.1. North America Image-guided Therapy Systems market revenue, by Product, 2017 - 2024 (USD Million)
      • 8.2.2. North America Image-guided Therapy Systems market revenue, by Application, 2017 - 2024 (USD Million)
      • 8.2.3. North America Image-guided Therapy Systems market revenue, by End Use, 2017 - 2024 (USD Million)
      • 8.2.4. U.S.
        • 8.2.4.1. U.S. Image-guided Therapy Systems market revenue, by Product, 2017 - 2024 (USD Million)
        • 8.2.4.2. U.S. Image-guided Therapy Systems market revenue, by Application, 2017 - 2024 (USD Million)
        • 8.2.4.3. U.S. Image-guided Therapy Systems market revenue, by End Use, 2017 - 2024 (USD Million)
      • 8.2.5. Canada
        • 8.2.5.1. Canada Image-guided Therapy Systems market revenue, by Product, 2017 - 2024 (USD Million)
        • 8.2.5.2. Canada Image-guided Therapy Systems market revenue, by Application, 2017 - 2024 (USD Million)
        • 8.2.5.3. Canada Image-guided Therapy Systems market revenue, by End Use, 2017 - 2024 (USD Million)
      • 8.2.6. Rest of North America
        • 8.2.6.1. Rest of North America Image-guided Therapy Systems market revenue, by Product, 2017 - 2024 (USD Million)
        • 8.2.6.2. Rest of North America Image-guided Therapy Systems market revenue, by Application, 2017 - 2024 (USD Million)
        • 8.2.6.3. Rest of North America Image-guided Therapy Systems market revenue, by End Use, 2017 - 2024 (USD Million)
    • 8.3. Europe
      • 8.3.1. Europe Image-guided Therapy Systems market revenue, by Product, 2017 - 2024 (USD Million)
      • 8.3.2. Europe Image-guided Therapy Systems market revenue, by Application, 2017 - 2024 (USD Million)
      • 8.3.3. Europe Image-guided Therapy Systems market revenue, by End Use, 2017 - 2024 (USD Million)
      • 8.3.4. Germany
        • 8.3.4.1. Germany Image-guided Therapy Systems market revenue, by Product, 2017 - 2024 (USD Million)
        • 8.3.4.2. Germany Image-guided Therapy Systems market revenue, by Application, 2017 - 2024 (USD Million)
        • 8.3.4.3. Germany Image-guided Therapy Systems market revenue, by End Use, 2017 - 2024 (USD Million)
      • 8.3.5. U.K.
        • 8.3.5.1. U.K. Image-guided Therapy Systems market revenue, by Product, 2017 - 2024 (USD Million)
        • 8.3.5.2. U.K. Image-guided Therapy Systems market revenue, by Application, 2017 - 2024 (USD Million)
        • 8.3.5.3. U.K. Image-guided Therapy Systems market revenue, by End Use, 2017 - 2024 (USD Million)
      • 8.3.6. France
        • 8.3.6.1. France Image-guided Therapy Systems market revenue, by Product, 2017 - 2024 (USD Million)
        • 8.3.6.2. France Image-guided Therapy Systems market revenue, by Application, 2017 - 2024 (USD Million)
        • 8.3.6.3. France Image-guided Therapy Systems market revenue, by End Use, 2017 - 2024 (USD Million)
      • 8.3.7. Italy
        • 8.3.7.1. Italy Image-guided Therapy Systems market revenue, by Product, 2017 - 2024 (USD Million)
        • 8.3.7.2. Italy Image-guided Therapy Systems market revenue, by Application, 2017 - 2024 (USD Million)
        • 8.3.7.3. Italy Image-guided Therapy Systems market revenue, by End Use, 2017 - 2024 (USD Million)
      • 8.3.8. Spain
        • 8.3.8.1. Spain Image-guided Therapy Systems market revenue, by Product, 2017 - 2024 (USD Million)
        • 8.3.8.2. Spain Image-guided Therapy Systems market revenue, by Application, 2017 - 2024 (USD Million)
        • 8.3.8.3. Spain Image-guided Therapy Systems market revenue, by End Use, 2017 - 2024 (USD Million)
      • 8.3.9. Russia
        • 8.3.9.1. Russia Image-guided Therapy Systems market revenue, by Product, 2017 - 2024 (USD Million)
        • 8.3.9.2. Russia Image-guided Therapy Systems market revenue, by Application, 2017 - 2024 (USD Million)
        • 8.3.9.3. Russia Image-guided Therapy Systems market revenue, by End Use, 2017 - 2024 (USD Million)
      • 8.3.10. Rest of Europe
        • 8.3.10.1. Rest of Europe Image-guided Therapy Systems market revenue, by Product, 2017 - 2024 (USD Million)
        • 8.3.10.2. Rest of Europe Image-guided Therapy Systems market revenue, by Application, 2017 - 2024 (USD Million)
        • 8.3.10.3. Rest of Europe Image-guided Therapy Systems market revenue, by End Use, 2017 - 2024 (USD Million)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific Image-guided Therapy Systems market revenue, by Product, 2017 - 2024 (USD Million)
      • 8.4.2. Asia Pacific Image-guided Therapy Systems market revenue, by Application, 2017 - 2024 (USD Million)
      • 8.4.3. Asia Pacific Image-guided Therapy Systems market revenue, by End Use, 2017 - 2024 (USD Million)
      • 8.4.4. China
        • 8.4.4.1. China Image-guided Therapy Systems market revenue, by Product, 2017 - 2024 (USD Million)
        • 8.4.4.2. China Image-guided Therapy Systems market revenue, by Application, 2017 - 2024 (USD Million)
        • 8.4.4.3. China Image-guided Therapy Systems market revenue, by End Use, 2017 - 2024 (USD Million)
      • 8.4.5. Japan
        • 8.4.5.1. Japan Image-guided Therapy Systems market revenue, by Product, 2017 - 2024 (USD Million)
        • 8.4.5.2. Japan Image-guided Therapy Systems market revenue, by Application, 2017 - 2024 (USD Million)
        • 8.4.5.3. Japan Image-guided Therapy Systems market revenue, by End Use, 2017 - 2024 (USD Million)
      • 8.4.6. India
        • 8.4.6.1. India Image-guided Therapy Systems market revenue, by Product, 2017 - 2024 (USD Million)
        • 8.4.6.2. India Image-guided Therapy Systems market revenue, by Application, 2017 - 2024 (USD Million)
        • 8.4.6.3. India Image-guided Therapy Systems market revenue, by End Use, 2017 - 2024 (USD Million)
      • 8.4.7. Australia
        • 8.4.7.1. Australia Image-guided Therapy Systems market revenue, by Product, 2017 - 2024 (USD Million)
        • 8.4.7.2. Australia Image-guided Therapy Systems market revenue, by Application, 2017 - 2024 (USD Million)
        • 8.4.7.3. Australia Image-guided Therapy Systems market revenue, by End Use, 2017 - 2024 (USD Million)
      • 8.4.8. Rest of Asia Pacific
        • 8.4.8.1. Rest of Asia Pacific Image-guided Therapy Systems market revenue, by Product, 2017 - 2024 (USD Million)
        • 8.4.8.2. Rest of Asia Pacific Image-guided Therapy Systems market revenue, by Application, 2017 - 2024 (USD Million)
        • 8.4.8.3. Rest of Asia Pacific Image-guided Therapy Systems market revenue, by End Use, 2017 - 2024 (USD Million)
    • 8.5. Latin America
      • 8.5.1. Latin America Image-guided Therapy Systems market revenue, by Product, 2017 - 2024 (USD Million)
      • 8.5.2. Latin America Image-guided Therapy Systems market revenue, by Application, 2017 - 2024 (USD Million)
      • 8.5.3. Latin America Image-guided Therapy Systems market revenue, by End Use, 2017 - 2024 (USD Million)
      • 8.5.4. Brazil
        • 8.5.4.1. Brazil Image-guided Therapy Systems market revenue, by Product, 2017 - 2024 (USD Million)
        • 8.5.4.2. Brazil Image-guided Therapy Systems market revenue, by Application, 2017 - 2024 (USD Million)
        • 8.5.4.3. Brazil Image-guided Therapy Systems market revenue, by End Use, 2017 - 2024 (USD Million)
      • 8.5.5. Mexico
        • 8.5.5.1. Mexico Image-guided Therapy Systems market revenue, by Product, 2017 - 2024 (USD Million)
        • 8.5.5.2. Mexico Image-guided Therapy Systems market revenue, by Application, 2017 - 2024 (USD Million)
        • 8.5.5.3. Mexico Image-guided Therapy Systems market revenue, by End Use, 2017 - 2024 (USD Million)
      • 8.5.6. Argentina
        • 8.5.6.1. Argentina Image-guided Therapy Systems market revenue, by Product, 2017 - 2024 (USD Million)
        • 8.5.6.2. Argentina Image-guided Therapy Systems market revenue, by Application, 2017 - 2024 (USD Million)
        • 8.5.6.3. Argentina Image-guided Therapy Systems market revenue, by End Use, 2017 - 2024 (USD Million)
      • 8.5.7. Rest of Latin America
        • 8.5.7.1. Rest of Latin America Image-guided Therapy Systems market revenue, by Product, 2017 - 2024 (USD Million)
        • 8.5.7.2. Rest of Latin America Image-guided Therapy Systems market revenue, by Application, 2017 - 2024 (USD Million)
        • 8.5.7.3. Rest of Latin America Image-guided Therapy Systems market revenue, by End Use, 2017 - 2024 (USD Million)
    • 8.6. Middle East and Africa
      • 8.6.1. Middle East and Africa Image-guided Therapy Systems market revenue, by Product, 2017 - 2024 (USD Million)
      • 8.6.2. Middle East and Africa Image-guided Therapy Systems market revenue, by Application, 2017 - 2024 (USD Million)
      • 8.6.3. Middle East and Africa Image-guided Therapy Systems market revenue, by End Use, 2017 - 2024 (USD Million)
      • 8.6.4. Saudi Arabia
        • 8.6.4.1. Saudi Arabia Image-guided Therapy Systems market revenue, by Product, 2017 - 2024 (USD Million)
        • 8.6.4.2. Saudi Arabia Image-guided Therapy Systems market revenue, by Application, 2017 - 2024 (USD Million)
        • 8.6.4.3. Saudi Arabia Image-guided Therapy Systems market revenue, by End Use, 2017 - 2024 (USD Million)
      • 8.6.5. UAE
        • 8.6.5.1. UAE Image-guided Therapy Systems market revenue, by Product, 2017 - 2024 (USD Million)
        • 8.6.5.2. UAE Image-guided Therapy Systems market revenue, by Application, 2017 - 2024 (USD Million)
        • 8.6.5.3. UAE Image-guided Therapy Systems market revenue, by End Use, 2017 - 2024 (USD Million)
      • 8.6.6. South Africa
        • 8.6.6.1. South Africa Image-guided Therapy Systems market revenue, by Product, 2017 - 2024 (USD Million)
        • 8.6.6.2. South Africa Image-guided Therapy Systems market revenue, by Application, 2017 - 2024 (USD Million)
        • 8.6.6.3. South Africa Image-guided Therapy Systems market revenue, by End Use, 2017 - 2024 (USD Million)
      • 8.6.7. Qatar
        • 8.6.7.1. Qatar Image-guided Therapy Systems market revenue, by Product, 2017 - 2024 (USD Million)
        • 8.6.7.2. Qatar Image-guided Therapy Systems market revenue, by Application, 2017 - 2024 (USD Million)
        • 8.6.7.3. Qatar Image-guided Therapy Systems market revenue, by End Use, 2017 - 2024 (USD Million)
      • 8.6.8. Rest of Middle East and Africa
        • 8.6.8.1. Rest of Middle East and Africa Image-guided Therapy Systems market revenue, by Product, 2017 - 2024 (USD Million)
        • 8.6.8.2. Rest of Middle East and Africa Image-guided Therapy Systems market revenue, by Application, 2017 - 2024 (USD Million)
        • 8.6.8.3. Rest of Middle East and Africa Image-guided Therapy Systems market revenue, by End Use, 2017 - 2024 (USD Million)
  •  
  • Chapter 9. Company Profile
    • 9.1. Toshiba Medical Systems
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Therapy 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. Therapy portfolio
      • 9.2.4. Business strategy
      • 9.2.5. Recent developments
    • 9.3. General Electric Company
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Therapy portfolio
      • 9.3.4. Business strategy
      • 9.3.5. Recent developments
    • 9.4. Medtronic plc
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Therapy portfolio
      • 9.4.4. Business strategy
      • 9.4.5. Recent developments
    • 9.5. Siemens AG
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Therapy portfolio
      • 9.5.4. Business strategy
      • 9.5.5. Recent developments
    • 9.6. Image Guided Therapy
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Therapy portfolio
      • 9.6.4. Business strategy
      • 9.6.5. Recent developments
    • 9.7. Brain lab AG
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Therapy portfolio
      • 9.7.4. Business strategy
      • 9.7.5. Recent developments
    • 9.8. Varian Medical System, Inc.
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Therapy portfolio
      • 9.8.4. Business strategy
      • 9.8.5. Recent developments

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.

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