As patients increasingly seek minimally invasive surgeries, the image-guided surgery market continues to grow, according to a Transparency Market Research report.
Here are five observations:
1. In 2013, the neurosurgery application segment captured the largest image-guided surgery devices market share.
2. The orthopedic surgery application segment is expected to grow at a compound annual growth rate of 7 percent through 2022, the highest of all market segments.
3. The image-guided surgery devices market will grow in North America and Europe, due to adoption of new technologies and access to skilled professionals.
4. The Asia-Pacific region will see the highest growth rate of 6.9 percent through 2022, due to an expanding medical tourism industry and growing government support.
5. Key market players include:
• Analogic Corp. in Peabody, Mass.
• Brainlab in Riem, Germany
• General Electric Company in Fairfield, Conn.
• GSI Group in Assumption, Ill.
• IMRIS in Winnipeg, Canada
• Integra LifeSciences Corp. in Plainsboro, N.J.
• KARL STORZ in Tuttlingen, Germany
• Toshiba Corp. in Tokyo, Japan
• Siemens in Munich, Germany
• Zimmer Biomet in Warsaw, Ind.
• Smith & Nephew in London, England
• St. Jude Medical in St. Paul, Minn.
• Stryker in Kalamazoo, Mich.
• Medtronic in Dublin, Ireland