Fluoroscopy Systems Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

The global Fluoroscopy Systems market size is expected to be worth around US$ XX billion by 2030, according to a new report by Vision Research Reports.

The global Fluoroscopy Systems market size was valued at US$ 13.05 billion in 2020 and is anticipated to grow at a CAGR of 15.1% during forecast period 2021 to 2030.

Growth Factors

 This equipment is consistently being used in a wide range of interventional radiological procedures, especially in the treatment of conditions such as varicose veins, Peripheral Artery Disease (PAD), pulmonary embolism, deep vein thrombosis, abdominal aortic aneurysms, and other prevalent medical conditions. This consistent usage is anticipated to impel fluoroscopy systems market growth potential in the future. 

In addition, increasing number of orthopedic surgeries & angiography as a consequence of sports injuries and a growing geriatric population base is believed to be high impact rendering drivers. Hand-held fluoroscopes are gaining popularity in emergency facilities and on-site settings due to their capacity to perform efficient real-time injury assessment in athletes. The advent of fluoroscopes in sports medicine is also predicted to be a result of associated benefits, such as high cost-efficiency and portability.

The market is predominantly driven by rising number of interventional radiology procedures that demand real-time imaging such as that in fluoroscopy. 

According to a research published in NCBI, usage of CT fluoroscopy in interventional radiology procedures have led to a remarkable decrease in procedure time and radiation dose as well as radiation-associated risks in comparison with conventional CT guidance procedures. The aforementioned benefits are likely to increase the adoption of these devices over the coming years.

Report Highlights

Fluoroscopy devices held the largest share of over 69.0% in the product segment in 2020. The dominant share captured by this segment is believed to be a consequence of usage in wide array of procedures such as image-guided biopsy, angiography, and discography. In addition, increasing usage of fluoroscopes in previously unexplored applications such as quality assurance and non-destructive testing of medical devices is expected to be a key factor contributing to the substantial share of this segment.

Associated benefits with fluoroscopy devices such as high portability, radiation sensitivity, X-ray recording capability optical magnification, and lower levels of scattered radiation are responsible for it emerging as the dominant segment. Furthermore, fluoroscopy devices are relatively less affected by body surfaces, resulting in greater clarity, stability, and real-time tracking of images.

Technically advanced fluoroscopes, which are equipped with radiation reduction instruments and control circuits, developed for interventional angiography suites and cardiac catheterization laboratories are known to provide automatic dose rate and image quality control logic. The aforementioned factors are expected to be some of the key factors accentuating demand over the years.

Integration of fluoroscopes with advanced image intensifiers and spectral shaping filter technology is believed to optimize the image-guided surgical procedures, thereby increasing their adoption by radiologists and surgeons. Furthermore, advent of digitalized fluoroscopy systems that are used in gastroenterology is presumed to be responsible for their emergence as the largest product segment in 2020.

The cardiovascular segment held the largest share in 2020, as a consequence of increasing prevalence of cardiovascular diseases, which is predicted to bolster the demand for highly efficient diagnostic imaging tools. In addition, high demand for this equipment in cardiovascular imaging due to the appropriate intensity of its energy projections has widened the scope for growth over the previous years.

The procedures most frequently performed with fluoroscopy include percutaneous coronary interventions, coronary angiography, diagnostic electrophysiology studies, and radiographic catheter ablation. Rising number of conferences and exhibitions by manufacturing companies to promote fluoroscopy instruments in cardiology is also a key contributing factor to the segment growth. 

The orthopedics segment is expected to exhibit constant growth during the forecast period. This can be attributed to high adoption of fluoroscopy devices and C-arms in orthopedic clinics, critical care, urgent care clinics, and imaging centers. The unprecedented shift in patient demographics and rising geriatric & obese population suffering from movement problems are also high impact rendering drivers for this segment.

These conditions upsurge the demand for fluoroscopy equipment, especially in case of hip & joint replacements and fractures. Fluoroscopy equipment is continuously required in orthopedic trauma surgeries, kyphoplasty, vertebroplasty, pelvic fixation, deformity correction, and CT-guided biopsies. These aforementioned factors are anticipated to present the segment with high growth potential.

Hospitals accounted for the largest share in the end-use segment in 2020, which can be attributed to the high patient turnaround volume and frequent readmissions. Supportive infrastructure facilitates successful surgical procedures, which mandates the adoption of C-arms and fluoroscopy devices, thus, resulting in a higher share of hospitals.

The increasing number of government initiatives aimed at promoting efficient treatment facilities to generate quick results and improve overall healthcare efficiency also served as key contributing growth factors. For instance, an initiative undertaken by the U.S. FDA to reduce and optimize radiation exposure of medical imaging has resulted in improved treatment of various conditions and greater safety in hospitals. These factors cumulatively are responsible for hospitals capturing larger share in the end-use segment.

The increasing inclination of public & private healthcare organizations to promote advanced imaging & radiographic instruments, with better patient outcomes, serves as one of the key factors responsible for the substantial share of the segment. Furthermore, currently, hospitals are increasingly using fully automated systems that possess the ability to detect disease conditions at early stages.

Diagnostic centers are presumed to witness constant growth throughout the forecast period. This can be attributed to the rising importance of anatomy visualization in emergency medicine. Fluoroscopy facilitates early detection when used in conjunction with other therapeutic and diagnostic media, such as contrast agents. For instance, during cardiac catheterization, fluoroscopy devices serve as an adjunct to evaluate the blood flow and detect the presence of arterial blockages. 

North America accounted for the largest share in the fluoroscopy equipment market in 2020. Consistent number of strategic collaborations aimed at development of new generation of products is responsible for the substantial share. Enforcement of stringent regulatory and reimbursement framework striving to ensure patient safety & high diagnostic standards are anticipated to propel the demand in this region.

The substantial share registered by North America is attributed to growing base of obese population. The growing number of minimally invasive surgeries have resulted in the substantial share. The greater adoption of these devices, in the region, over the past years, is an efficient aid that provides enhanced guidance in minimally invasive surgeries.

Asia Pacific is anticipated to grow at a lucrative rate during the forecast period. Emerging economies in the region, such as India and China, are witnessing strong economic growth. Growing prevalence of disease and improving infrastructural standards have spurred the demand for advanced diagnostics across this region.

Key Players

GE Healthcare, Philips Healthcare, and Siemens Healthineers

Market Segmentation

  • Product Outlook 

    • Fluoroscopy Devices

    • C-arms

      • Mini C-arms

      • Full-size C-arms

  • Application Outlook

    • Orthopedic

    • Cardiovascular

    • Pain Management & Trauma

    • Neurology

    • Gastrointestinal

    • Urology

    • General Surgery

    • Others

  • End-use Outlook 

    • Hospitals

    • Diagnostic Centers

    • Specialty Clinics

  • Regional Outlook 

    • North America

      • The U.S.

      • Canada

    • Europe

      • The U.K.

      • Germany

    • Asia Pacific

      • Japan

      • China

      • India

    • Latin America

      • Mexico

      • Brazil

    • Middle East & Africa

      • South Africa

The Fluoroscopy Systems market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Fluoroscopy Systems market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Fluoroscopy Systems market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Fluoroscopy Systems market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Fluoroscopy Systems market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Fluoroscopy Systems capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Fluoroscopy Systems by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Fluoroscopy Systems market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Fluoroscopy Systems market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Fluoroscopy Systems market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Fluoroscopy Systems industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Fluoroscopy Systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Fluoroscopy Systems market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Fluoroscopy Systems market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Fluoroscopy Systems market. These factors have benefited the growth of the global market for Fluoroscopy Systems. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Fluoroscopy Systems. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Fluoroscopy Systems are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

To strategically profile the key players and comprehensively analyze their growth strategies.

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