Image-guided surgery orthopedic devices market to grow at CAGR of 7% — 9 more market trends

The global image-guided surgery devices market is expected to hit $4.8 billion by 2022, based on a Transparency Market Research report, according to medGadget. The market will likely grow at a compound annual growth rate of 6.4 percent between 2014 and 2022.

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Key market players include Siemens, Zimmer Biomet, St. Jude Medical, Medtronic, Stryker, IMRIS, KARL STORZ, Analogic and Brainlab.

 

Here are seven trends driving the image-guided surgery devices market:

 

1. A growing desire for improved healthcare facilities will boost the market.

 

2. Patients’ demand for advanced techniques will spur market growth.

 

3. The accuracy and efficiency offered by image-guided surgery devices will continue to attract consumers.

 

4. Favorable government initiatives supporting image-guided surgery devices will spur market growth.

 

5. Market players will continue competing with new innovations.

 

6. The market’s orthopedic segment will witness the highest CAGR of 7 percent during the forecast period.

7. The Asia Pacific market will see significant growth due to expanding and improving healthcare infrastructure. This region will likely grow at a CAGR of 6.9 percent between 2014 and 2020.

 

Here are three trends hindering the image-guided surgery devices market:

 

8. Technology installation will present financial barriers.

 

9. Additionally, rigid regulatory standards for image-guided surgery devices’ approval will hinder market growth.

 

10. Developing countries’ lack of solid healthcare infrastructure and health insurance will present obstacles to market growth.

 

More articles on devices:
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