eDiscovery Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020
Albany, NY (PRWEB) February 11, 2015
Fluoroscopy and mobile C-arm equipment are used for the analysis of body parts similar to the X-ray imaging method. Fluoroscopy and mobile C-arms provide live images of the body parts assisting during surgical procedures. These devices are majorly used for orthopedic applications such as in barium X-rays and arthrography and in minimally invasive imaging during cardiac catheterization, lumbar puncture, biopsies and for placement of intravenous catheters into arteries and veins. With increasing demand for interventional radiology procedures, the fluoroscopy and mobile C-arms market is expected to grow rapidly. Increasing burden of orthopedic surgeries due to aging population and sport injuries, technological advancements and increase in number of hospitals are some of the major factors which are contributing towards the growth of fluoroscopy and mobile C-arms market.
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Fluoroscopy of equipment dominated the global fluoroscopy and mobile C-arms market with a share of more than 50% in 2012, owing to high price and presence in developed markets which forms the major revenue base for market players. Volume of mobile C-arms dominated the fluoroscopy and mobile C-arms market in 2012 and it is expected that mobile C-arms will be growing fast during the forecast period (2013 – 2019) majorly due to growing demand of full size C-arms. Factors such as technological advancements and increase in the number of applications will fuel the global full size C-arms market to grow rapidly at a CAGR of over 5%. Moreover, better imaging quality due to integration of flat panel detector in the mobile C-arm system is fueling the demand for mobile C-arms. Further, advent of digital systems is augmenting the fluoroscopy and mobile C-arms market growth.
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Significant price difference across geographies is impeding the fluoroscopy and mobile C-arms market growth in developed regions. In addition, rising demand for refurbished equipment is restraining the growth for new fluoroscopy and mobile C-arm products. Furthermore, substitutes such as MRI, CT and ultrasound equipment are threat for the fluoroscopy and mobile C-arms. Hence, major market players are in constantly striving to introduce cost-effective technologies with improved image quality, efficiency and better user compliance in operating the equipment.
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North America dominated the fluoroscopy and mobile C-arms market in 2012, in terms of value, followed by Europe. In terms of volume, North America led the fluoroscopy and mobile C-arms market in 2012, followed by Asia-Pacific. Low price of fluoroscopy and mobile C-arms is one of the major factors for Asia-Pacific leading the market ahead of Europe. Moreover, the Asia-Pacific fluoroscopy and mobile C-arms market is expected to experience highest growth rate, both in terms of value and volume, from 2013 to 2019 due to high presence of untapped opportunities, improving healthcare infrastructure and increasing awareness about the various medical imaging devices. Some of the major market players in the global fluoroscopy and mobile C-arms market include GE Healthcare, Hitachi, Ltd., Philips Healthcare, Siemens Healthcare, Toshiba Corporation, Ziehm Imaging GmbH, OrthoScan, Inc. and Hologic, Inc.
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