Digital fluoroscopy systems are medical imaging modalities that enable real-time fluoroscopic imaging. They are widely used in interventional radiology procedures, cardiology diagnostics and orthopedics. The advent of digital detectors and flat panel detectors has enhanced image quality and reduced radiation dose.
The global Digital Fluoroscopy System Market is estimated to be valued at US$ 2.01 Bn in 2023 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends: The key trend propelling the growth of digital fluoroscopy system market is the advent of computed radiography systems. Computed radiography replaces X-ray film with electronic imaging plates, thereby eliminating darkroom processing of films. The imaging plates capture X-ray energy and convert it into light which is read by laser beams and converted into digital images which can be enhanced, archived and transmitted electronically. This digitally captures fluoroscopic images and video without compromising on image quality. As a result, computed radiography has superior imaging capabilities as compared to conventional fluoroscopy and is boosting the demand for digital fluoroscopy systems.
Strength: Digital fluoroscopy systems offer advantages like real-time imaging, high resolution, and radiation dose reduction which helps surgeons perform complex surgeries efficiently.
Weakness: High costs associated with digital fluoroscopy systems limit their adoption in resource constrained settings. Dependency on IT infrastructure also introduces implementation challenges.
Opportunity: Rising geriatric population and chronic disease burden drives the need for minimally invasive surgeries where digital fluoroscopy plays a vital role. Growing healthcare investments in emerging nations present an untapped market.
Threats: Strict regulatory approvals and replacement of outdated systems leads to long replacement cycles. New entrants offering low-cost products further intensifies market competition.
Global Digital Fluoroscopy System Market Size is expected to witness high growth over the forecast period of 2023 to 2030. North America currently dominates the market due to large number of angiography and surgeries performed annually in the region. However, Asia Pacific is expected to exhibit fastest growth owing to increasing healthcare expenditures, rising standards of medical facilities and growing medical tourism.
Key players operating in the digital fluoroscopy system market are Philips Healthcare, GE Healthcare, Siemens Health, Toshiba Medical Systems, Shimadzu Medical, Ziehm Imaging, Hitachi Medical Systems, Orthoscan Inc. and Hologic Corporation. Global leaders like Philips Healthcare and GE Healthcare continue to hold the majority market share through ongoing product innovation and expansions in emerging regions.
The demand for digital fluoroscopy systems is primarily driven by growing prevalence of chronic diseases like cardiovascular disorders that necessitate interventions like angiography and catheter based surgeries. Additionally, preference for minimally invasive surgeries aided by high resolution real-time imaging capabilities of digital fluoroscopy systems favors market revenues. However, high replacement and maintenance costs restrain widespread adoption, especially in price sensitive regions. Industry players are focusing on introducing affordable and portable products to expand in untapped rural areas.
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it