Global Fluoroscopy Equipment Market Research Report Forecast 2027
Global Fluoroscopy Equipment Market is valued approximately USD 5.63 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.8 % over the forecast period 2020-2027. Fluoroscopy is a type of medical imaging that shows a continuous X-ray image on a monitor, performed to evaluate specific areas of the body like heart, kidneys, or lungs. Technological advancements in digital flat-panel detectors (FPDs) has brought about significant advancements in fluoroscopic imaging. FPDs are better than its predecessors (traditional X-ray image intensifier technology) as it reduces the radiation level and provides a much better image resolution.
In addition to this fluoroscopy equipment are compact in size thus, more and more hospitals are adapting to this equipment. Fluoroscopy equipment have “Data-integrated imaging systems” enabling reconstruction of images and assessment of the medical condition. This equipment combined with a software package to store patient’s information can be accessed from anywhere and would add to the growth of the market. As of 2019, Siemens Healthineers (Germany) launched the Artis icono biplane, an angiography system with special functions for neuroradiology.
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Similarly, in August 2015, GE Healthcare entered into a 7-year collaborative agreement with Temple University Health System to expand radiology-based services. However, this efficient technology comes at a terrific cost, Fluoroscopy procedure works by passing radiation through the body, and since this is a time-consuming process the exposure to radiation is immense which has adverse effects on the skin and other organs, prolonged exposure can result in cancer.
The regional analysis of global Fluoroscopy Equipment market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing increasing incidence of overuse sports injuries, rising prevalence of CVD, and the increasing number of hip and knee replacement surgeries. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as, growing geriatric population in Japan and China and the healthcare reforms and government initiatives & investments in several APAC countries. would create lucrative growth prospects for the Fluoroscopy Equipment market across Asia-Pacific region.
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