C-Arm Market
Number of pages: 100 | Report Format: PDF | Published date: February 28, 2023
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
|
Report Attribute |
Details |
|
Market Size Value in 2021 |
US$ 1.89 billion |
|
Revenue Forecast in 2030 |
US$ 2.81 billion |
|
CAGR |
4.5% |
|
Base Year for Estimation |
2021 |
|
Forecast Period |
2022-2030 |
|
Historical Year |
2020 |
|
Segments Covered |
Type, Application, Detector, End-users, and Region |
|
Regional Scope |
North America, Europe, Asia Pacific, and the Rest of the World (RoW) |
According to the deep-dive market assessment study by Growth Plus Reports, the global C-Arm market was valued at US$ 1.89 billion in 2021 and is expected to register a revenue CAGR of 4.5% to reach US$ 2.81 billion by 2030.
C-arm Market Fundamentals
The global C-arms market is a dynamic and rapidly growing industry that has seen significant growth in recent years. C-arms are specialized medical imaging devices used for diagnostic and therapeutic procedures in fields, such as cardiology, orthopedics, neurology, and vascular surgery. These devices are intended to generate high-quality real-time images of internal organs, bones, and tissues, enabling healthcare professionals to make more accurate diagnoses and perform minimally invasive surgeries with greater precision.
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C-arm Market Dynamics
A variety of factors driving the C-arm market are the growing demand for minimally invasive surgeries, the rising prevalence of chronic diseases, aging population, and the increasing investments in healthcare infrastructure. Moreover, technological advancements have resulted in the introduction of new features and functionalities, such as flat panel detectors, which provide better image quality, higher resolution, and greater flexibility than traditional image intensifiers.
Minimally invasive surgeries are becoming increasingly popular due to their numerous advantages, including reduced blood loss, lower infection risk, shorter hospital stays, and faster recovery times. This has resulted in the widespread usage of C-arms in a variety of medical specialties, including interventional radiology, cardiology, and orthopedics.
The global C-arms market is expected to grow significantly in the coming years due to the growing geriatric population and the increasing prevalence of chronic diseases. Furthermore, the increasing adoption of mobile C-arms and growing investments in healthcare infrastructure in developing countries are expected to create market revenue growth opportunities.
C-arm Market Ecosystem
The C-arm market has been analyzed from five perspectives: type, application, detector, end-user, and region.
C-arm Market by Type
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Based on type, the global C-arm market has been segmented into mobile and fixed C-arms.
The mobile segment dominates the global market with the largest revenue share. This segment has a wide range of applications and provides better flexibility for a navigation system. Additionally, this segment offers more accuracy and agility and a better capacity for emergency medical image printouts. Moreover, mobile c-arm provides better mobility and optimal angle for high-resolution images and offers better outcomes. Furthermore, increased demand for this type of medical device in the healthcare industry, especially in the orthopedic and cardiac departments during complex surgical procedures, has greatly impacted the growth of the mobile c-arm segment. At the same time, the fixed C-arm segment also depicts progressive market growth due to rising public-private funding and investments and increasing research and development activities for developing enhanced fixed C-arm devices.
C-arm Market by Application
Based on the application, the global C-arm market has been segmented into cardiology, gastroenterology, orthopedics, oncology, neurology, and others.
The cardiology segment leads the market with the largest revenue share. This growth can be attributed to the rising prevalence of cardiovascular disease across the globe due to unhealthy and sedentary lifestyles. Moreover, the C-arm device provides optimal positioning for obtaining accurate photos from different angles; operability, high image quality, adaptability, and efficiency are all important considerations.
The orthopedics segment accounts for the second-largest revenue share of the market. It is estimated to show considerable growth during the projected period due to the rising prevalence of orthopedic disorders and increasing cases of roadside accidents or traumas.
C-arm Market by Detector
Based on the detector, the global C-arm market has been segmented into intensifier and flat panel detector.
The intensifier segment dominates the global C-arm market with the largest revenue share. The dominance of this segment is attributed to the lower cost of the device with a greater selection, as well as the low cost of maintenance and repair expenses for this equipment.
C-arm Market by End-user
Based on end-user, the market has been segmented into hospitals, diagnostic centers, and others (ambulatory surgical centers, specialty clinics, etc.).
The hospitals segment accounted for the largest revenue share in the market. The population’s large patient track and primary preference contribute to the market’s development. While diagnostics centers are expected to account for the second-largest revenue share due to the increasing patient base, this facility provides enhanced results due to the availability of well-trained professionals.
C-arm Market by Region
Based on region, the global C-arm market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World.
North America dominates the global market with the largest revenue share. This is attributed to the growing aged population, the rising prevalence of chronic diseases, and favorable reimbursement policies. Furthermore, well-developed healthcare infrastructure and the adoption of advanced technologies further fuel market development. Moreover, growth in R&D activities, increased strategic collaboration, and continuous launch of innovative and advanced products also greatly impact the growth of the market in this region. Additionally, the presence of local and regional players also plays a key role in the growth of the market in this region. While Europe accounts for the second-largest revenue share in the market owing to the high adoption of advanced technologies, rapid growth in the aged population, and well-developed healthcare infrastructure.
The increasing investments in healthcare infrastructure in the region are expected to drive up demand for C-arms in Asia Pacific. The rising prevalence of chronic diseases, such as cancer and cardiovascular disease, and the region’s aging population are driving demand for C-arms. Furthermore, the growing number of hospitals and clinics in the region and the increasing adoption of minimally invasive surgeries are expected to contribute to the market’s growth. To meet the growing demand for C-arms, many manufacturers are focusing on expanding their presence in the Asia Pacific market through strategic partnerships and collaborations with local players. The growing number of partnerships and collaborations between local manufacturers and global players is expected to fuel regional market growth. Furthermore, the region’s increasing adoption of mobile C-arms due to their flexibility and convenience is expected to further drive market growth.
C-arm Market Competitive Landscape
The prominent players operating in the global C-arm market are:
C-arm Market Strategic Developments
Asia Pacific is the fastest-growing region in the global C-arm market.
The global C-arm market is expected to reach US$ 2.81 billion by 2030.
The global C-arm market is estimated to grow at a revenue CAGR of 4.5% during the forecast period from 2022 to 2030.
Canon Medical Systems Corporation, DMS Imaging, Koninklijke Philips N.V., ATON GmbH, and Eurocolumbus s.r.l. are among the top market players.
*Insights on financial performance is subject to availability of information in public domain