NEW YORK, Nov. 11, 2014 /PRNewswire/ -- The global surgical imaging market was valued at an estimated $933.6 million in 2014 and is expected to grow at a CAGR of 6.0% from 2014 to 2019.
North America accounted for the largest share of the global surgical imaging market followed by Europe and Asia valued at $378.6 million in 2014. The dominance of the North American market can be attributed to reasons such as the increasing prevalence of sports injuries in this region as well as the availability of private and government funding for the purchase of surgical imaging equipment.
The European region is expected to grow at a steady pace as well. The leading players in the surgical imaging market are headquartered in Europe. Furthermore, they have a well-established internal and external distribution channels. Also, Europe hosts an array of mid-sized surgical imaging equipment manufacturers such as Eurocolumbus srl (Italy) and Cat Medical Systems S.P.A (Italy). Furthermore, the rise in aging population, increase in the adoption of surgical imaging equipment by the hospitals, and established medical tourism for minimally invasive surgeries are some of the factors driving growth in the region. However, the Asian market slated at an estimated CAGR of 8.3%, will experience the highest growth in the surgical imaging market. The high growth in the Asian region can be attributed to increase in aging population, rise in the number of hospitals, government funding, and the availability of competitively priced surgical imaging equipment.
GE Healthcare (U.K.), Siemens AG (Germany), Koninklijke Philips N.V. (Netherlands), Ziehm Imaging (Germany), Toshiba Corporation (Japan), Shimadzu Corporation (Japan), Hologic, Inc. (U.S.), OrthoScan (U.S.) and Eurocolumbus (Italy) are some of the prominent players in the global surgical imaging market.
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