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Research analysis of the global fluoroscopy equipment market identifies the extensive application of fluoroscopes will be one of the major factors that will have a positive impact on the growth of the market. The equipment is heavily used in healthcare industry to investigate the GI tract, which includes barium enemas, defecating proctograms, barium meals and barium swallows, and enteroclysis. They are also used for ultrasound-guided liver biopsy and by orthopedic surgeons.
Additionally, during C-arm fluoroscopy, it allows the clear image of the operative site without compromising OR sterility. Such wide application of fluoroscopes will drive the growth of the market during the forecast period. Technavio’s market research analysts predict that this market will contribute the revenue of more than USD 2.2 billion by 2021.
In terms of geography, Americas will contribute the highest revenue share during the forecast period. The region has witnessed an increasing adoption of new fluoroscopy devices to improve patient satisfaction as they have low risk of side-effects due to low radiation levels. The growing use of the devices in MIS will propel the demand for mobile C-arms market during the forecast period. Moreover, the availability of favorable reimbursements for diagnostic screening will also fuel the growth of the market.
Owing to the presence of few vendors, fluoroscopy equipment market appears to be concentrated and competitive. The major vendors of the market are focusing on increasing their geographical presence as they are expanding into developing countries through mergers and acquisitions (M&A) or partnership with the regional vendors. The regional vendors of the market are confined to a particular region and have a limited product portfolio.
During 2016, the fluoroscopy devices segment accounted for the major shares of this market. The low adoption of new devices in developed countries which will generate major revenue for the market. Additionally, factors such as these devices are inexpensive and refurbished devices which are being purchased by developing countries from developed countries.
The hospital segment accounted for the major revenue share during 2016. This segment comprises of technologically advanced devices which will help patients to get better treatment. Moreover, hospitals are equipped with trained radiologists, where patients can be monitored periodically. Owing to these advantages of hospitals segment will drive the market growth.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: SEGMENTATION BY PRODUCT TYPE
PART 07: SEGMENTATION BY APPLICATION
PART 08: SEGMENTATION BY END-USER
PART 09: REGIONAL LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: KEY VENDOR ANALYSIS
PART 15: APPENDIX
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