Market Overview:
The global image guided systems (IGS) 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 demand for minimally invasive surgeries and rising prevalence of chronic diseases. In addition, technological advancements in IGS are also contributing to the growth of this market. On the basis of type, computed tomography (CT) scanners accounted for the largest share of the global IGS market in 2017. This can be attributed to their high accuracy and ability to provide detailed images of internal organs. Magnetic resonance imaging (MRI) is expected to be one of the fastest-growing segments during the forecast period owing to its ability detect early signs or symptoms related with various chronic diseases such as cancer, Alzheimer’s disease, and multiple sclerosis. On the basis on application, neurology applications accounted for majority share in 2017 and it is projected that this trend will continue duringthe forecast period as well due rising prevalenceof neurological disorders such as stroke, dementia, and Parkinson’s disease across globe .
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Product Definition:
An image-guided system (IGS) is a medical device that uses images from one or more imaging modalities to guide a treatment such as surgery. IGS has many applications in medicine, including neurosurgery, cardiothoracic surgery, and orthopedic surgery.
Computed Tomography (CT) Scanners:
Computed tomography scanners (CT) are medical devices that produce cross-sectional images of the targeted part of the body. It is a noninvasive diagnostic procedure and involves the emission of X-rays on film or an image receptor such as a computer monitor, television screen, or digital camera.
Magnetic Resonance Imaging (MRI):
Magnetic resonance imaging (MRI) is an advanced diagnostic medical technology that uses magnetic field and radio waves to produce images of body tissues. MRI works by causing hydrogen nuclei to combine with oxygen in the cells, which produces powerful short-term magnetic fields. These fields are used by physicians for diagnostic and therapeutic purposes. The major advantage of MRI over CT scan is that it can provide 3D images; however, it requires high cost equipment and huge spaces for installation as compared to CT scans.
Application Insights:
The neurology applications segment dominated the global image guided systems (IGS) market in 2017. This is owing to factors such as an increase in neurological disorders and the growing geriatric population susceptible to these disorders. For instance, as per a study published by WHO, it was found that around 1 billion people aged 60 years or above were present across the globe in 2016 and this number is expected to reach 2 billion by 2050. Such facts are likely to boost demand for IGS over the forecast period.
Moreover, technological advancements coupled with high costs associated with diagnosis through conventional imaging methods are anticipated to augment growth during this period.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of well-established healthcare infrastructure, increasing adoption of advanced technologies, and rising demand for diagnostic procedures. Moreover, high per capita income is also expected to contribute towards market growth over the forecast period. Europe accounted for a significant share in 2017 due to growing geriatric population base and subsequently rising number of cancer cases. The presence of major players such as Siemens Healthcare GmbH & Co., Philips Healthcare Belgium S.A., Koninklijke Philips N.V.
Asia Pacific region is projected to grow at a lucrative rate over the next eight years owing with rapidly developing economy especially in countries such as India & China which has one of Asia’s largest medical device markets and growing target population base suffering from chronic diseases such as cardiovascular disorders, neurological disorders, diabetes etc.
Growth Factors:
- Increasing demand for minimally invasive surgeries: IGS is widely used in minimally invasive surgeries (MIS) owing to its ability to provide real-time images of the surgical site. This helps surgeons to perform procedures with greater accuracy and precision. The increasing demand for MIS is thus expected to drive the growth of the IGS market.
- Rising prevalence of cancer: Cancer is one of the leading causes of death worldwide and accounts for a significant share of healthcare expenditure globally. According to WHO, cancer accounted for 8.8 million deaths in 2012 and is estimated to rise to 13 million by 2030. This rising prevalence of cancer is expected to fuel the demand for IGS, as it helps surgeons detect tumors at an early stage and plan treatment accordingly.
- Growing number of elderly population: The global population aged 60 years or above is projectedto reach 2 billion by 2050, up from 900 million in 2015 accordingto UNDESA Population Division’s World Population Prospects: The 2015 Revision .This growing geriatric populationis susceptibletodeveloping age-related diseases such ascancer, dementia,and cardiovascular diseases that require diagnosis and treatment using IGS systems..Thus,the increasing geriatric populationisexpectedtodrivethegrowthoftheIGSmarketin thenear future..
Scope Of The Report
Report Attributes
Report Details
Report Title
Image Guided Systems (IGS) Market Research Report
By Type
Computed Tomography (CT) Scanners, Magnetic Resonance Imaging (MRI), Endoscopes, X- Ray Fluoroscopy, Ultrasound Systems, Positron Emission Tomography (PET), Single Photon Emission Computed Tomography (SPECT)
By Application
Neurology Applications, Cardiology Applications, Gastroenterology Applications, Urology Applications
By Companies
GE Health Care, Siemens, Integra Life Science, Medtronic, Brain lab, Abbott, Toshiba
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Image Guided Systems (IGS) Market Report Segments:
The global Image Guided Systems (IGS) market is segmented on the basis of:
Types
Computed Tomography (CT) Scanners, Magnetic Resonance Imaging (MRI), Endoscopes, X- Ray Fluoroscopy, Ultrasound Systems, Positron Emission Tomography (PET), Single Photon Emission Computed Tomography (SPECT)
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
Neurology Applications, Cardiology Applications, Gastroenterology Applications, Urology Applications
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:
- GE Health Care
- Siemens
- Integra Life Science
- Medtronic
- Brain lab
- Abbott
- Toshiba
 Market Overview.svg)
Highlights of The Image Guided Systems (IGS) 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:
- Computed Tomography (CT) Scanners
- Magnetic Resonance Imaging (MRI)
- Endoscopes
- X- Ray Fluoroscopy
- Ultrasound Systems
- Positron Emission Tomography (PET)
- Single Photon Emission Computed Tomography (SPECT)
- By Application:
- Neurology Applications
- Cardiology Applications
- Gastroenterology Applications
- Urology Applications
- 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 Systems (IGS) 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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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 systems (IGS) are a type of guidance system that uses images from a camera or other sensor to provide navigation information to the aircraft. IGS can be used for both ground-based and airborne applications.
Some of the key players operating in the image guided systems (igs) market are GE Health Care, Siemens, Integra Life Science, Medtronic, Brain lab, Abbott, Toshiba.
The image guided systems (igs) market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Image Guided Systems (IGS) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Image Guided Systems (IGS) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Image Guided Systems (IGS) Market - Supply Chain
4.5. Global Image Guided Systems (IGS) Market Forecast
4.5.1. Image Guided Systems (IGS) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Image Guided Systems (IGS) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Image Guided Systems (IGS) Market Absolute $ Opportunity
5. Global Image Guided Systems (IGS) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Image Guided Systems (IGS) Market Size and Volume Forecast by Type
5.3.1. Computed Tomography (CT) Scanners
5.3.2. Magnetic Resonance Imaging (MRI)
5.3.3. Endoscopes
5.3.4. X- Ray Fluoroscopy
5.3.5. Ultrasound Systems
5.3.6. Positron Emission Tomography (PET)
5.3.7. Single Photon Emission Computed Tomography (SPECT)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Image Guided Systems (IGS) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Image Guided Systems (IGS) Market Size and Volume Forecast by Application
6.3.1. Neurology Applications
6.3.2. Cardiology Applications
6.3.3. Gastroenterology Applications
6.3.4. Urology Applications
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Image Guided Systems (IGS) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Image Guided Systems (IGS) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Image Guided Systems (IGS) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Image Guided Systems (IGS) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Image Guided Systems (IGS) Demand Share Forecast, 2019-2026
9. North America Image Guided Systems (IGS) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Image Guided Systems (IGS) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Image Guided Systems (IGS) Market Size and Volume Forecast by Application
9.4.1. Neurology Applications
9.4.2. Cardiology Applications
9.4.3. Gastroenterology Applications
9.4.4. Urology Applications
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Image Guided Systems (IGS) Market Size and Volume Forecast by Type
9.7.1. Computed Tomography (CT) Scanners
9.7.2. Magnetic Resonance Imaging (MRI)
9.7.3. Endoscopes
9.7.4. X- Ray Fluoroscopy
9.7.5. Ultrasound Systems
9.7.6. Positron Emission Tomography (PET)
9.7.7. Single Photon Emission Computed Tomography (SPECT)
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Image Guided Systems (IGS) Demand Share Forecast, 2019-2026
10. Latin America Image Guided Systems (IGS) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Image Guided Systems (IGS) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Image Guided Systems (IGS) Market Size and Volume Forecast by Application
10.4.1. Neurology Applications
10.4.2. Cardiology Applications
10.4.3. Gastroenterology Applications
10.4.4. Urology Applications
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Image Guided Systems (IGS) Market Size and Volume Forecast by Type
10.7.1. Computed Tomography (CT) Scanners
10.7.2. Magnetic Resonance Imaging (MRI)
10.7.3. Endoscopes
10.7.4. X- Ray Fluoroscopy
10.7.5. Ultrasound Systems
10.7.6. Positron Emission Tomography (PET)
10.7.7. Single Photon Emission Computed Tomography (SPECT)
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Image Guided Systems (IGS) Demand Share Forecast, 2019-2026
11. Europe Image Guided Systems (IGS) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Image Guided Systems (IGS) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Image Guided Systems (IGS) Market Size and Volume Forecast by Application
11.4.1. Neurology Applications
11.4.2. Cardiology Applications
11.4.3. Gastroenterology Applications
11.4.4. Urology Applications
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Image Guided Systems (IGS) Market Size and Volume Forecast by Type
11.7.1. Computed Tomography (CT) Scanners
11.7.2. Magnetic Resonance Imaging (MRI)
11.7.3. Endoscopes
11.7.4. X- Ray Fluoroscopy
11.7.5. Ultrasound Systems
11.7.6. Positron Emission Tomography (PET)
11.7.7. Single Photon Emission Computed Tomography (SPECT)
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Image Guided Systems (IGS) Demand Share, 2019-2026
12. Asia Pacific Image Guided Systems (IGS) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Image Guided Systems (IGS) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Image Guided Systems (IGS) Market Size and Volume Forecast by Application
12.4.1. Neurology Applications
12.4.2. Cardiology Applications
12.4.3. Gastroenterology Applications
12.4.4. Urology Applications
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Image Guided Systems (IGS) Market Size and Volume Forecast by Type
12.7.1. Computed Tomography (CT) Scanners
12.7.2. Magnetic Resonance Imaging (MRI)
12.7.3. Endoscopes
12.7.4. X- Ray Fluoroscopy
12.7.5. Ultrasound Systems
12.7.6. Positron Emission Tomography (PET)
12.7.7. Single Photon Emission Computed Tomography (SPECT)
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Image Guided Systems (IGS) Demand Share, 2019-2026
13. Middle East & Africa Image Guided Systems (IGS) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Image Guided Systems (IGS) Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Image Guided Systems (IGS) Market Size and Volume Forecast by Application
13.4.1. Neurology Applications
13.4.2. Cardiology Applications
13.4.3. Gastroenterology Applications
13.4.4. Urology Applications
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Image Guided Systems (IGS) Market Size and Volume Forecast by Type
13.7.1. Computed Tomography (CT) Scanners
13.7.2. Magnetic Resonance Imaging (MRI)
13.7.3. Endoscopes
13.7.4. X- Ray Fluoroscopy
13.7.5. Ultrasound Systems
13.7.6. Positron Emission Tomography (PET)
13.7.7. Single Photon Emission Computed Tomography (SPECT)
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Image Guided Systems (IGS) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Image Guided Systems (IGS) Market: Market Share Analysis
14.2. Image Guided Systems (IGS) Distributors and Customers
14.3. Image Guided Systems (IGS) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GE Health Care
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siemens
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Integra Life Science
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Medtronic
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Brain lab
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Abbott
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Toshiba
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
