Global Orthopedic Radiology Equipment Market 2019-2023

The global orthopedic radiology equipment market size will grow by USD 2.35 billion during 2019-2023. The orthopedic radiology equipment market report provides a detailed analysis of the market by product (X-ray equipment, CT equipment, and MRI equipment) and geography (Asia, Europe, North America, and ROW). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Canon Inc., General Electric Co., Hitachi Ltd., Koninklijke Philips NV, and Siemens Healthineers AG.

A few of the key findings from the orthopedic radiology equipment market analysis report are summarized below

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Global Orthopedic Radiology Equipment Market Overview

The high prevalence of orthopedic conditions related to ailments, age, and accidents has been increasing the need for orthopedic diagnostic methods. This has subsequently resulted in an increase in the use of orthopedic radiology equipment. Also, the presence of public and private health insurance providers for such diagnostic services have increased patient acceptance. Considering these developments, vendors are focusing on releasing new products with technologically advanced attributes such as orthopedic 3D imaging. These factors will increase the deployment of orthopedic radiology equipment across healthcare facilities across the globe, driving market growth.

The advent of integrated operating rooms is one of the key orthopedic radiology equipment market trends. Integrated operating rooms have connected cameras, surgical and room lights, imaging devices, and other equipment. This setup is mostly adopted in surgical rooms to enhance teamwork. Such surgical rooms can also involve robotic platforms. Artificial intelligence-enabled robotic surgeries can improve the outcome of surgeries. These techniques are proven efficient for orthopedic surgeries and as a result, the demand for advanced orthopedic radiology equipment will grow during the forecast period. Because of these factors, the market will register almost CAGR 6% during the forecast period.

Top Orthopedic Radiology Equipment Companies Covered in this Market Research Report

The orthopedic radiology equipment market is fairly fragmented. The orthopedic radiology equipment market report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. This will help clients in improving their market positions. It also provides a detailed analysis of the upcoming trends and challenges and how they will influence orthopedic radiology equipment market growth. This research will help companies in creating effective strategies to leverage upcoming growth opportunities.

The report offers a detailed analysis of a few leading orthopedic radiology equipment companies, including:

• Canon Inc.
• General Electric Co.
• Hitachi Ltd.
• Koninklijke Philips NV
• Siemens Healthineers AG.

Orthopedic Radiology Equipment Market Segmentation Based on Product

• X-ray equipment
• CT equipment
• MRI equipment

The X-ray equipment segment held the largest market share in 2018. It will maintain its dominance in 2023 despite its expected slow growth rate over the forecast period. X-ray is widely used because of its low cost compared with MRIs and CT scans. The ubiquitous use of the equipment in the majority of the healthcare facilities across the world has encouraged vendors to incorporate advanced technologies in X-ray equipment. Most of the vendors have started offering digital radiography X-ray equipment, which can provide better images and emit lower radiations. These developments have been increasing the sales of X-ray equipment.

Orthopedic Radiology Equipment Market Segmentation Based on Geographic Region

• Asia
• Europe
• North America
• ROW

North America held the largest market share in 2018. The US and Canada are the significant revenue contributors to the orthopedic radiology equipment market in North America. The rising number of orthopedic conditions, new product launches, and the availability of public and private insurance for radiology imaging are driving the sale of radiology equipment in the region. The growing geriatric population with osteoporosis is also boosting the growth of the market in the region.

Key Highlights of the Orthopedic Radiology Equipment Market Forecast Report for the Period 2019-2023

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the orthopedic radiology equipment market during the next five years
• Precise estimation of the global orthopedic radiology equipment market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the orthopedic radiology equipment industry across Asia, Europe, North America, and ROW
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details of factors that will challenge the growth of orthopedic radiology equipment companies

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