Image Guided Surgery Devices Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET OVERVIEW
Image-guided surgery (IGS) refers to applying a real-time correlation of the surgical field to a preoperative imaging data collection that reflects the precise placement of a chosen surgical instrument to the adjacent anatomic structures. Several health issues can be diagnosed and treated with image-guided surgery devices. Image-guided surgical technology facilitates precise and successful surgery and reduce the overall procedural time. Although endoscopic sinus surgery (ESS) was first created for neurosurgery, it quickly became the most popular application. Since the development of the endoscopic technique in the middle of the 1980s, image-guided surgery has been one of the most important developments in endoscopic sinus surgery. With this technology, the surgeon can examine the anatomical dissection of the sinuses in real-time on a computer monitor in the operating room.
Furthermore, image-guided surgery is frequently used for minimally invasive spinal surgery and occasionally used during conventional and open surgeries. In minimally invasive spinal surgery, the skin is slightly punctured and minimal quantity of tissues removed by specialized devices for surgical tools to reach the surgical area. Instead of a larger amount of tissue that a surgeon would have to remove to see the area with the unaided eye. Minimally invasive surgery can cause less tissue damage than conventional surgeries, lessen post-operative discomfort and complications, and speedy recovery. Furthermore, the market is primarily driven by the increase in the geriatric population, rising demand for minimally invasive procedures, and technical advancement in imaging systems. In addition, the market is growing due to the rising prevalence of chronic diseases such as cancer, cardiovascular disorders and neurological disorders.
MARKET SCOPE
The “Global image-guided surgery devices market analysis to 2030” is a specialized and in-depth study of the medical device industry with a special focus on global market trend analysis. The report aims to provide an overview of the image-guided surgery devices market with detailed market segmentation by device type, application, end user, and geography. The report provides key statistics on the market status of the leading image-guided surgery devices market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The image-guided surgery devices market is segmented based on device type, application, end user, and region. Based on device type, the global image-guided surgery devices market is differentiated into computed tomography (CT) scanners, ultrasound systems, magnetic resonance imaging (MRI), endoscopes, X-ray fluoroscopy, positron emitted tomography (PET), and single photon emission computed tomography (SPECT). By application, the image-guided surgery devices market is classified into cardiac surgery, neurosurgery, orthopedic surgery, urology, gastroenterology, oncology surgery, and other applications. Based on end user image-guided surgery market is segmented into hospitals, ambulatory surgery centers, clinics, and research & academic institutions.
MARKET DYNAMICS
Drivers-
The market of image-guided surgery devices is primarily driven by the increase in the elderly population, rising preference of minimally invasive surgeries, and technological developments in imaging systems. Furthermore, the rising prevalence of chronic diseases like cancer and the increase in cancer treatment efforts will also drive the market growth. For instance, a American cancer society estimates that there will be around 1.9 Million new cases of cancer in 2022. Thus increasing cases of cancer has created positive impact on image-guided surgery devices market.
Furthermore, the preference for minimally invasive treatments is another factor driving image-guided surgery devices market. According to a national survey study by Johns Hopkins Medicine, the use of minimally invasive techniques for some common procedures can lower postoperative problems and can also control healthcare expenditures. Moreover, systems for image-guided therapy have substantially improved, enabling procedures that are safer and more precise. For instance, Philips introduced the Zenition 10 image-guided therapy mobile C-arm system in May 2023. The Zenition 10 is anticipated to increase patient access to routine surgical treatment and minimally invasive procedures. It is based on Philips' panel detector technology.
The image-guided surgery devices market is expanding as a result of several initiatives to promote cancer radiation and rising private sector investments in the creation of sophisticated image-guided therapy devices. Several organisations engaged in cancer radiation research include Cancer Research U.K., Medical Research Council, and National Institute for Health Research. For instance, the Department of Radiation Oncology at Stanford Medicine is conducting research to create platforms for minimally invasive cancer diagnosis, imaging, and treatment.
In addition, in response to the COVID dilemma, the industry participants have developed remote solutions, such as cloud-based training on virtual machines, to offer remote counselling and assistance to the patients. In order to give healthcare professionals access to online training for the Philips Ultrasound Affiniti system, Royal Philips and LeQuest teamed in November 2020.
North America accounts for largest revenue share in global image-guided surgery devices market in 2022. Medical care is undergoing a persistent change owing to technological advancement. This not only makes early diagnosis possible, but it also offers safer and more effective treatment choices. The newest trend in image-guided surgery that is driving the market ahead is the increased use of robotics and other cutting-edge methods. Devices for image-guided surgery are becoming more popular as a result of expanded applications and improved patient results. The use of these devices in neurosurgical treatments has developed significantly as minimally invasive surgeries have become the norm.
The regional market is expanding as a result of the rising number of chronic diseases and the ageing population. In 2022, the U.S. held the highest share in North America. In the upcoming years, favourable measures launched by private businesses in the realm of minimally invasive interventional and surgical methods are anticipated to drive market growth. Over the forecast period, Asia Pacific is anticipated to have the fastest CAGR. The factors responsible for rapid expansion are the ageing population, rising target illness cases, and progressing healthcare infrastructure. A growing number of research facilities in nations like China and India are having a beneficial impact on the expansion of the regional market.
Mrinal Mrinal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any. 
Have a question?
Speak to Analyst
North America accounts for largest revenue share in global image-guided surgery devices market in 2022. Medical care is undergoing a persistent change owing to technological advancement. This not only makes early diagnosis possible, but it also offers safer and more effective treatment choices. The newest trend in image-guided surgery that is driving the market ahead is the increased use of robotics and other cutting-edge methods. Devices for image-guided surgery are becoming more popular as a result of expanded applications and improved patient results. The use of these devices in neurosurgical treatments has developed significantly as minimally invasive surgeries have become the norm.
The regional market is expanding as a result of the rising number of chronic diseases and the ageing population. In 2022, the U.S. held the highest share in North America. In the upcoming years, favourable measures launched by private businesses in the realm of minimally invasive interventional and surgical methods are anticipated to drive market growth. Over the forecast period, Asia Pacific is anticipated to have the fastest CAGR. The factors responsible for rapid expansion are the ageing population, rising target illness cases, and progressing healthcare infrastructure. A growing number of research facilities in nations like China and India are having a beneficial impact on the expansion of the regional market.
MARKET PLAYERS
The report covers key image-guided surgery devices market developments, such as organic and inorganic growth strategies. Various companies such as GE Healthcare, Medtronic Plc., Olympus Corporation, Siemens Healthineers, Koninklijke Philips N.V.,Analogic Corporation, Brainlab AG, Karl Storz Gmbh & Co. KG, Stryker Corporation, Varian Medical Systems Inc., and among others are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, partnerships & collaborations. These activities have paved the way for the expansion of business and the customer base of image-guided surgery devices market players. The market players from the image-guided surgery devices market are anticipated to have lucrative growth opportunities with the rising demand for image-guided surgery devices in the global market.
Key Developments in Global Image-guided surgery devices market
- In September 2022, Olympus Corporation launched VISERA ELITE III, a surgical visualization platform that focuses on the needs of healthcare professionals (HCPs) for endoscopic techniques across multiple medical disciplines.
- In May 2022, GE Healthcare launched Allia platform for minimally invasive image-guided surgery. In this platform users experiences the difference immediately upon entering the interventional operating room, where user can access all their essential functions from a specified workplace through intuitive & compact user interfaces.
The report also includes key companies' profiles, their SWOT analysis, and image-guided surgery devices market size & startegies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information for the last three years, and key development in the past five years.
The Insight Partner’s dedicated research and analysis team comprises experienced professionals with advanced statistical expertise and offers various customization options in the current study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Image Guided Surgery Devices Market - By Device Type
1.3.2 Image Guided Surgery Devices Market - By Application
1.3.3 Image Guided Surgery Devices Market - By End User
1.3.4 Image Guided Surgery Devices Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. IMAGE GUIDED SURGERY DEVICES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. IMAGE GUIDED SURGERY DEVICES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. IMAGE GUIDED SURGERY DEVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. IMAGE GUIDED SURGERY DEVICES - GLOBAL MARKET OVERVIEW
6.2. IMAGE GUIDED SURGERY DEVICES - GLOBAL MARKET AND FORECAST TO 2030
6.3. MARKET POSITIONING
7. IMAGE GUIDED SURGERY DEVICES MARKET - REVENUE AND FORECASTS TO 2030 - DEVICE TYPE
7.1. OVERVIEW
7.2. DEVICE TYPE MARKET FORECASTS AND ANALYSIS
7.3. COMPUTED TOMOGRAPHY (CT)
7.3.1. Overview
7.3.2. Computed Tomography (CT) Market Forecast and Analysis
7.4. SCANNERS ULTRASOUND SYSTEMS MAGNETIC RESONANCE IMAGING (MRI)
7.4.1. Overview
7.4.2. Scanners Ultrasound Systems Magnetic Resonance Imaging (MRI) Market Forecast and Analysis
7.5. ENDOSCOPES
7.5.1. Overview
7.5.2. Endoscopes Market Forecast and Analysis
7.6. X-RAY FLUOROSCOPY
7.6.1. Overview
7.6.2. X-ray Fluoroscopy Market Forecast and Analysis
7.7. POSITION EMITTED TOMOGRAPHY (PET)
7.7.1. Overview
7.7.2. Position Emitted Tomography (PET) Market Forecast and Analysis
7.8. SINGLE PHOTON EMISSION COMPUTED TOMOGRAPHY (SPECT)
7.8.1. Overview
7.8.2. Single Photon Emission Computed Tomography (SPECT) Market Forecast and Analysis
8. IMAGE GUIDED SURGERY DEVICES MARKET - REVENUE AND FORECASTS TO 2030 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. CARDIAC SURGERY
8.3.1. Overview
8.3.2. Cardiac Surgery Market Forecast and Analysis
8.4. NEUROSURGERY
8.4.1. Overview
8.4.2. Neurosurgery Market Forecast and Analysis
8.5. ORTHOPEDIC SURGERY
8.5.1. Overview
8.5.2. Orthopaedic Surgery Market Forecast and Analysis
8.6. UROLOGY GASTROENTEROLOGY
8.6.1. Overview
8.6.2. Urology Gastroenterology Market Forecast and Analysis
8.7. ONCOLOGY SURGERY
8.7.1. Overview
8.7.2. Oncology Surgery Market Forecast and Analysis
8.8. OTHER APPLICATIONS
8.8.1. Overview
8.8.2. Other Applications Market Forecast and Analysis
9. IMAGE GUIDED SURGERY DEVICES MARKET - REVENUE AND FORECASTS TO 2030 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. HOSPITALS
9.3.1. Overview
9.3.2. Hospitals Market Forecast and Analysis
9.4. AMBULATORY SURGERY CENTERS
9.4.1. Overview
9.4.2. Ambulatory Surgery Centres Market Forecast and Analysis
9.5. CLINICS
9.5.1. Overview
9.5.2. Clinics Market Forecast and Analysis
9.6. RESEARCH AND ACADEMIC INSTITUTIONS
9.6.1. Overview
9.6.2. Research and Academic Institutions Market Forecast and Analysis
10. IMAGE GUIDED SURGERY DEVICES MARKET REVENUE AND FORECASTS TO 2030 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Image Guided Surgery Devices Market Overview
10.1.2 North America Image Guided Surgery Devices Market Forecasts and Analysis
10.1.3 North America Image Guided Surgery Devices Market Forecasts and Analysis - By Device Type
10.1.4 North America Image Guided Surgery Devices Market Forecasts and Analysis - By Application
10.1.5 North America Image Guided Surgery Devices Market Forecasts and Analysis - By End User
10.1.6 North America Image Guided Surgery Devices Market Forecasts and Analysis - By Countries
10.1.6.1 United States Image Guided Surgery Devices Market
10.1.6.1.1 United States Image Guided Surgery Devices Market by Device Type
10.1.6.1.2 United States Image Guided Surgery Devices Market by Application
10.1.6.1.3 United States Image Guided Surgery Devices Market by End User
10.1.6.2 Canada Image Guided Surgery Devices Market
10.1.6.2.1 Canada Image Guided Surgery Devices Market by Device Type
10.1.6.2.2 Canada Image Guided Surgery Devices Market by Application
10.1.6.2.3 Canada Image Guided Surgery Devices Market by End User
10.1.6.3 Mexico Image Guided Surgery Devices Market
10.1.6.3.1 Mexico Image Guided Surgery Devices Market by Device Type
10.1.6.3.2 Mexico Image Guided Surgery Devices Market by Application
10.1.6.3.3 Mexico Image Guided Surgery Devices Market by End User
10.2. EUROPE
10.2.1 Europe Image Guided Surgery Devices Market Overview
10.2.2 Europe Image Guided Surgery Devices Market Forecasts and Analysis
10.2.3 Europe Image Guided Surgery Devices Market Forecasts and Analysis - By Device Type
10.2.4 Europe Image Guided Surgery Devices Market Forecasts and Analysis - By Application
10.2.5 Europe Image Guided Surgery Devices Market Forecasts and Analysis - By End User
10.2.6 Europe Image Guided Surgery Devices Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Image Guided Surgery Devices Market
10.2.6.1.1 Germany Image Guided Surgery Devices Market by Device Type
10.2.6.1.2 Germany Image Guided Surgery Devices Market by Application
10.2.6.1.3 Germany Image Guided Surgery Devices Market by End User
10.2.6.2 France Image Guided Surgery Devices Market
10.2.6.2.1 France Image Guided Surgery Devices Market by Device Type
10.2.6.2.2 France Image Guided Surgery Devices Market by Application
10.2.6.2.3 France Image Guided Surgery Devices Market by End User
10.2.6.3 Italy Image Guided Surgery Devices Market
10.2.6.3.1 Italy Image Guided Surgery Devices Market by Device Type
10.2.6.3.2 Italy Image Guided Surgery Devices Market by Application
10.2.6.3.3 Italy Image Guided Surgery Devices Market by End User
10.2.6.4 Spain Image Guided Surgery Devices Market
10.2.6.4.1 Spain Image Guided Surgery Devices Market by Device Type
10.2.6.4.2 Spain Image Guided Surgery Devices Market by Application
10.2.6.4.3 Spain Image Guided Surgery Devices Market by End User
10.2.6.5 United Kingdom Image Guided Surgery Devices Market
10.2.6.5.1 United Kingdom Image Guided Surgery Devices Market by Device Type
10.2.6.5.2 United Kingdom Image Guided Surgery Devices Market by Application
10.2.6.5.3 United Kingdom Image Guided Surgery Devices Market by End User
10.2.6.6 Rest of Europe Image Guided Surgery Devices Market
10.2.6.6.1 Rest of Europe Image Guided Surgery Devices Market by Device Type
10.2.6.6.2 Rest of Europe Image Guided Surgery Devices Market by Application
10.2.6.6.3 Rest of Europe Image Guided Surgery Devices Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Image Guided Surgery Devices Market Overview
10.3.2 Asia-Pacific Image Guided Surgery Devices Market Forecasts and Analysis
10.3.3 Asia-Pacific Image Guided Surgery Devices Market Forecasts and Analysis - By Device Type
10.3.4 Asia-Pacific Image Guided Surgery Devices Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Image Guided Surgery Devices Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Image Guided Surgery Devices Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Image Guided Surgery Devices Market
10.3.6.1.1 Australia Image Guided Surgery Devices Market by Device Type
10.3.6.1.2 Australia Image Guided Surgery Devices Market by Application
10.3.6.1.3 Australia Image Guided Surgery Devices Market by End User
10.3.6.2 China Image Guided Surgery Devices Market
10.3.6.2.1 China Image Guided Surgery Devices Market by Device Type
10.3.6.2.2 China Image Guided Surgery Devices Market by Application
10.3.6.2.3 China Image Guided Surgery Devices Market by End User
10.3.6.3 India Image Guided Surgery Devices Market
10.3.6.3.1 India Image Guided Surgery Devices Market by Device Type
10.3.6.3.2 India Image Guided Surgery Devices Market by Application
10.3.6.3.3 India Image Guided Surgery Devices Market by End User
10.3.6.4 Japan Image Guided Surgery Devices Market
10.3.6.4.1 Japan Image Guided Surgery Devices Market by Device Type
10.3.6.4.2 Japan Image Guided Surgery Devices Market by Application
10.3.6.4.3 Japan Image Guided Surgery Devices Market by End User
10.3.6.5 South Korea Image Guided Surgery Devices Market
10.3.6.5.1 South Korea Image Guided Surgery Devices Market by Device Type
10.3.6.5.2 South Korea Image Guided Surgery Devices Market by Application
10.3.6.5.3 South Korea Image Guided Surgery Devices Market by End User
10.3.6.6 Rest of Asia-Pacific Image Guided Surgery Devices Market
10.3.6.6.1 Rest of Asia-Pacific Image Guided Surgery Devices Market by Device Type
10.3.6.6.2 Rest of Asia-Pacific Image Guided Surgery Devices Market by Application
10.3.6.6.3 Rest of Asia-Pacific Image Guided Surgery Devices Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Image Guided Surgery Devices Market Overview
10.4.2 Middle East and Africa Image Guided Surgery Devices Market Forecasts and Analysis
10.4.3 Middle East and Africa Image Guided Surgery Devices Market Forecasts and Analysis - By Device Type
10.4.4 Middle East and Africa Image Guided Surgery Devices Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Image Guided Surgery Devices Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Image Guided Surgery Devices Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Image Guided Surgery Devices Market
10.4.6.1.1 South Africa Image Guided Surgery Devices Market by Device Type
10.4.6.1.2 South Africa Image Guided Surgery Devices Market by Application
10.4.6.1.3 South Africa Image Guided Surgery Devices Market by End User
10.4.6.2 Saudi Arabia Image Guided Surgery Devices Market
10.4.6.2.1 Saudi Arabia Image Guided Surgery Devices Market by Device Type
10.4.6.2.2 Saudi Arabia Image Guided Surgery Devices Market by Application
10.4.6.2.3 Saudi Arabia Image Guided Surgery Devices Market by End User
10.4.6.3 U.A.E Image Guided Surgery Devices Market
10.4.6.3.1 U.A.E Image Guided Surgery Devices Market by Device Type
10.4.6.3.2 U.A.E Image Guided Surgery Devices Market by Application
10.4.6.3.3 U.A.E Image Guided Surgery Devices Market by End User
10.4.6.4 Rest of Middle East and Africa Image Guided Surgery Devices Market
10.4.6.4.1 Rest of Middle East and Africa Image Guided Surgery Devices Market by Device Type
10.4.6.4.2 Rest of Middle East and Africa Image Guided Surgery Devices Market by Application
10.4.6.4.3 Rest of Middle East and Africa Image Guided Surgery Devices Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Image Guided Surgery Devices Market Overview
10.5.2 South and Central America Image Guided Surgery Devices Market Forecasts and Analysis
10.5.3 South and Central America Image Guided Surgery Devices Market Forecasts and Analysis - By Device Type
10.5.4 South and Central America Image Guided Surgery Devices Market Forecasts and Analysis - By Application
10.5.5 South and Central America Image Guided Surgery Devices Market Forecasts and Analysis - By End User
10.5.6 South and Central America Image Guided Surgery Devices Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Image Guided Surgery Devices Market
10.5.6.1.1 Brazil Image Guided Surgery Devices Market by Device Type
10.5.6.1.2 Brazil Image Guided Surgery Devices Market by Application
10.5.6.1.3 Brazil Image Guided Surgery Devices Market by End User
10.5.6.2 Argentina Image Guided Surgery Devices Market
10.5.6.2.1 Argentina Image Guided Surgery Devices Market by Device Type
10.5.6.2.2 Argentina Image Guided Surgery Devices Market by Application
10.5.6.2.3 Argentina Image Guided Surgery Devices Market by End User
10.5.6.3 Rest of South and Central America Image Guided Surgery Devices Market
10.5.6.3.1 Rest of South and Central America Image Guided Surgery Devices Market by Device Type
10.5.6.3.2 Rest of South and Central America Image Guided Surgery Devices Market by Application
10.5.6.3.3 Rest of South and Central America Image Guided Surgery Devices Market by End User
11. IMPACT OF COVID-19 PANDEMIC ON GLOBAL IMAGE GUIDED SURGERY DEVICES MARKET
11.1 North America
11.2 Europe
11.3 Asia-Pacific
11.4 Middle East and Africa
11.5 South and Central America
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. IMAGE GUIDED SURGERY DEVICES MARKET, KEY COMPANY PROFILES
13.1. GE HEALTHCARE
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. MEDTRONIC PLC.
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. OLYMPUS CORPORATION
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. SIEMENS HEALTHINEERS
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. KONINKLIJKE PHILIPS N.V.
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. ANALOGIC CORPORATION
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. KARL STORZ GMBH AND CO. KG
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. STRYKER CORPORATION
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. VARIAN MEDICAL SYSTEMS INC.
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. BRAINLAB AG
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies
1. GE HEALTHCARE
2. MEDTRONIC PLC.
3. OLYMPUS CORPORATION
4. SIEMENS HEALTHINEERS
5. KONINKLIJKE PHILIPS N.V.
6. ANALOGIC CORPORATION
7. BRAINLAB AG
8. KARL STORZ GMBH & CO. KG
9. STRYKER CORPORATION
10. VARIAN MEDICAL SYSTEMS INC.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For