Market Overview:
The global image guided therapy devices market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of cancer, technological advancements in image guided therapy devices, and rising demand for minimally invasive surgeries. Based on type, the global image guided therapy devices market is segmented into magnetic resonance imaging (MRI), ultrasound, interventional x-ray, and others. MRI held the largest share of the global image guided therapy devices market in 2017 and is expected to maintain its dominance during the forecast period. This can be attributed to its ability to provide high-resolution images that help physicians accurately diagnose diseases. Ultrasound is projected to be the fastest growing type segment during the forecast period owing to its low cost and easy availability compared with other types of image guidance systems. Based on application, hospitals accounted for majority share of revenue generated by sales of Image Guided Therapy Devices globally followed by specialist clinics in 2017; however outpatient surgery centers are anticipated witness highest CAGR over next 10 years due rising number patients preferring daycare surgeries over hospital admissions for quicker recoveries with less pain & discomfort associated with it . Research & academic institutions are also anticipated witness significant growth due increasing research funding towards development novel technologies which would eventually find their way into clinical use benefiting patients across globe .
Product Definition:
An image-guided therapy device is a medical device used in radiation therapy that utilizes images from diagnostic imaging devices to help guide treatment. The importance of image-guided therapy devices is that they allow for more accurate and precise delivery of radiation therapy, which can lead to better patient outcomes.
Magnetic Resonance Imaging:
Magnetic resonance imaging (MRI) is a diagnostic medical procedure used to obtain images of targeted areas of the body. It uses magnetic fields and radio waves generated by a superconducting magnet to produce cross-sectional images. MRI scanners are devices that utilize this technology for scanning patients. The major application areas include neurology, cardiology & cardiac electrophysiology, oncology & cancer treatment, musculoskeletal research & sports medicine among others.
Ultrasound:
Ultrasound is a form of electromagnetic radiation with wavelengths ranging from 10-30 meters and higher frequencies (2-40 MHz). Ultrasound is in the range of low to very high frequency sound waves. Ultrasound has been used for medical applications such as pain management, cancer treatment, etc. However, it can cause damage to the tissues if exposed for long periods. Hence there are strict regulations on its usage in medical devices especially imaging devices.
Application Insights:
Based on application, the global image guided therapy devices market is segmented into hospital, specialty clinic, outpatient surgery center and research and academic institutions. The hospital segment dominated the overall application category in 2017 owing to an increase in cancer cases across the globe. According to WHO¢â‚¬â„¢s estimates for 2018, around 1 in 6 people are estimated to develop cancer during their lifetime. Furthermore, increasing prevalence of chronic diseases such as heart diseases & stroke along with rising geriatric population is expected to drive demand over the forecast period.
The specialty clinic segment is anticipated register a significant CAGR of XX% from 2018 to 2030 owing to growing awareness regarding minimally invasive procedures among medical professionals coupled with technological advancements that have made it easier for them perform these procedures at clinics outside hospitals. For instance, Conformal Ltd.
Regional Analysis:
North America dominated the global image guided therapy devices market in 2017. This can be attributed to the presence of well-established healthcare infrastructure, high adoption rate of technologically advanced products, and increasing demand for minimally invasive surgeries. Moreover, favorable reimbursement policies are also expected to drive growth during the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the next eight years owing to factors such as improving healthcare facilities due to government initiatives and an increase in awareness about advanced treatments among patients & physicians. Furthermore, a rise in number of product launches coupled with growing investments by key players is further expected boost regional growth during the forecast period. For instance; In January 2016; Philips Healthcare launched its new generation MRI compatible imageguided system under brand name ‘Philips MRCIV system’ in China market which has been approved by FDA for marketing throughout U S and China (Zhejiang Province).
Growth Factors:
- Increasing incidence of cancer and other diseases that can be treated with image guided therapy devices
- Growing demand for minimally invasive procedures
- Advances in technology that make image guided therapy devices more accurate and efficient
- Rising healthcare expenditure by governments and private insurers
- increasing awareness about the benefits of image guided therapy devices
Scope Of The Report
Report Attributes
Report Details
Report Title
Image Guided Therapy Devices Market Research Report
By Type
Magnetic Resonance Imaging, Ultrasound, Interventional X-Ray, Others
By Application
Hospital, Specialist Clinic, Outpatient Surgery Center, Research and Academic Institutions
By Companies
Philips Healthcare, IGT, EchoPixel, Lightpoint Medical, Lumicell, Siemens Healthineers, Elekta, Medtronic Plc, GE Healthcare, Brainlab AG, Philips Healthcare
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
123
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Image Guided Therapy Devices Market Report Segments:
The global Image Guided Therapy Devices market is segmented on the basis of:
Types
Magnetic Resonance Imaging, Ultrasound, Interventional X-Ray, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Specialist Clinic, Outpatient Surgery Center, Research and Academic Institutions
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Philips Healthcare
- IGT
- EchoPixel
- Lightpoint Medical
- Lumicell
- Siemens Healthineers
- Elekta
- Medtronic Plc
- GE Healthcare
- Brainlab AG
- Philips Healthcare
Highlights of The Image Guided Therapy Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Magnetic Resonance Imaging
- Ultrasound
- Interventional X-Ray
- Others
- By Application:
- Hospital
- Specialist Clinic
- Outpatient Surgery Center
- Research and Academic Institutions
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Image Guided Therapy Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Image guided therapy devices are medical devices that use images to provide guidance and support to patients during physical therapy. The device typically consists of a monitor that displays images of the patient's body, along with instructions on how to perform specific exercises.
Some of the major players in the image guided therapy devices market are Philips Healthcare, IGT, EchoPixel, Lightpoint Medical, Lumicell, Siemens Healthineers, Elekta, Medtronic Plc, GE Healthcare, Brainlab AG, Philips Healthcare.
The image guided therapy devices market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Image Guided Therapy Devices Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Image Guided Therapy Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Image Guided Therapy Devices Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Image Guided Therapy Devices Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Image Guided Therapy Devices Market Size & Forecast, 2018-2028
4.5.1 Image Guided Therapy Devices Market Size and Y-o-Y Growth
4.5.2 Image Guided Therapy Devices Market Absolute $ Opportunity
Chapter 5 Global Image Guided Therapy Devices Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Image Guided Therapy Devices Market Size Forecast by Type
5.2.1 Magnetic Resonance Imaging
5.2.2 Ultrasound
5.2.3 Interventional X-Ray
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Image Guided Therapy Devices Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Image Guided Therapy Devices Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Specialist Clinic
6.2.3 Outpatient Surgery Center
6.2.4 Research and Academic Institutions
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Image Guided Therapy Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Image Guided Therapy Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Image Guided Therapy Devices Analysis and Forecast
9.1 Introduction
9.2 North America Image Guided Therapy Devices Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Image Guided Therapy Devices Market Size Forecast by Type
9.6.1 Magnetic Resonance Imaging
9.6.2 Ultrasound
9.6.3 Interventional X-Ray
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Image Guided Therapy Devices Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Specialist Clinic
9.10.3 Outpatient Surgery Center
9.10.4 Research and Academic Institutions
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Image Guided Therapy Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Image Guided Therapy Devices Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Image Guided Therapy Devices Market Size Forecast by Type
10.6.1 Magnetic Resonance Imaging
10.6.2 Ultrasound
10.6.3 Interventional X-Ray
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Image Guided Therapy Devices Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Specialist Clinic
10.10.3 Outpatient Surgery Center
10.10.4 Research and Academic Institutions
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Image Guided Therapy Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Image Guided Therapy Devices Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Image Guided Therapy Devices Market Size Forecast by Type
11.6.1 Magnetic Resonance Imaging
11.6.2 Ultrasound
11.6.3 Interventional X-Ray
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Image Guided Therapy Devices Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Specialist Clinic
11.10.3 Outpatient Surgery Center
11.10.4 Research and Academic Institutions
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Image Guided Therapy Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Image Guided Therapy Devices Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Image Guided Therapy Devices Market Size Forecast by Type
12.6.1 Magnetic Resonance Imaging
12.6.2 Ultrasound
12.6.3 Interventional X-Ray
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Image Guided Therapy Devices Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Specialist Clinic
12.10.3 Outpatient Surgery Center
12.10.4 Research and Academic Institutions
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Image Guided Therapy Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Image Guided Therapy Devices Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Image Guided Therapy Devices Market Size Forecast by Type
13.6.1 Magnetic Resonance Imaging
13.6.2 Ultrasound
13.6.3 Interventional X-Ray
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Image Guided Therapy Devices Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Specialist Clinic
13.10.3 Outpatient Surgery Center
13.10.4 Research and Academic Institutions
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Image Guided Therapy Devices Market: Competitive Dashboard
14.2 Global Image Guided Therapy Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Philips Healthcare
14.3.2 IGT
14.3.3 EchoPixel
14.3.4 Lightpoint Medical
14.3.5 Lumicell
14.3.6 Siemens Healthineers
14.3.7 Elekta
14.3.8 Medtronic Plc
14.3.9 GE Healthcare
14.3.10 Brainlab AG
14.3.11 Philips Healthcare
