DUBAI, UAE, July 22, 2020
DUBAI, UAE, July 22, 2020 /PRNewswire/ -- Future Market Insights, in its recent spinal imaging market report predicts a growth trajectory of over 5% between 2020 and 2030.
Increasing volume of spinal cord surgeries to correct various anomalies is acting as the principal growth driver for the market. Over the years, rapid technological advancements in imaging techniques have played a fundamental role in spinal surgeries. Advancements in genomics have spurred healthcare stakeholders to invest in more targeted treatment. This has greatly helped in reducing surgery time as well as enabled surgeons to determine the precise approach for each patient.
The advent of artificial intelligence based imaging equipment has helped personalize imaging procedures, while 3D-printing has enabled better assessment of treatments. Although in their nascent stage, these technologies have the potential to revolutionize spinal surgical procedures in the future.
Based on these trends, the spinal imaging market shall reach a valuation of US$ 3 Bn by 2030-end.
"Surging spinal cord infections and disorders are pushing manufacturers to incorporate technological breakthroughs in surgical procedures, enabling them to carve a niche for themselves in the market," says an FMI analyst.
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Key Takeaways from FMI's Spinal Imaging Market Report
Spinal Imaging Market- Key Trends
Spinal Imaging Market- Region-wise Analysis
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Spinal Imaging Market- Competitive Landscape
Prominent spinal imaging market players are leveraging Industry 4.0 and artificial intelligence capabilities to acquire a stronger market footprint across lucrative regions. Some of these players are: Koninklijke Philips N.V, Shimadzu Corp., and Siemens.
In January 2020, Siemens announced the development of its Spinal Imaging at 7T device to be used for spinal surgeries. Likewise, in 2019, the company was granted approval by the U.S FDA for its MAGNETOM Lumina 3T MRI scanner which speeds up MRI workflow through a unique AI-based matrix technology.
Spinal Imaging Market Taxonomy
Middle East & Africa
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More about FMI's Report on the Spinal Imaging Market
Future Market Insights executive level blueprint of the spinal imaging market in its report. It offers refined forecasts pertaining to revenue growth witnessed across various segments. Trends impacting the market's trajectory across these segments are also studied in detail for a period between 2020 and 2030.
The report studies the global spinal imaging market in terms of products (MRI, Computed Tomography, X-ray, and Ultrasound), applications (spinal infection, spinal cancer, vertebral fracture, spinal cord and nerve compression), end user (hospitals, ambulatory care services, diagnostic imaging centers), and region (North America, Europe, Latin America, Asia Pacific, and Middle East and Africa).
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