The global spinal imaging market size was valued at 1.45 billion in 2020 and is anticipated to expand at a substantial CAGR during the forecast period, 2021-2028. The expansion of the market is attributed to the increasing incidence of spinal disorders across the globe. An increase in the accessibility of imaging services by the patients and the rising number of spinal surgeries are also expected to fuel the market growth.
A surgical technique that enables preoperative exploration of surgical instruments is known as image guidance. Spinal imaging as an advanced technology helps to provide the real-time anatomy of a patient and in three dimensions (3D) before and after the surgery procedures. The results of the procedures are shown on the computer screen. It is a combination of computer technology and X-ray that enable surgeons to analyze complex procedures of spinal cord. These are also used to diagnose and detect if any abnormality is present in the part of the body. As per the report by the World Health Organization (WHO), the second most reason due to which people prefer a medical consultation is lower back pain. It is also anticipated that 80% of individuals across the globe are subjected to be affected by back pain at least once in their lifetime.
The COVID-19 pandemic has had negative impact on the market as non-COVID health issues are largely neglected and patients had to wait or delay their diagnostic or treatment as several clinics and hospitals are packed with COVID patients only. As a result of the prolonged emergency lockdown and movement restrictions impacted by the pandemic, the global supply chain and production of new treatment devices were delayed drastically.
The report on the global spinal imaging market includes an assessment of the market, trends, and segments. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Spinal Imaging Market – Global Industry Analysis, Growth, Share, Size, Trends, And Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Products (Ultrasound, CT [X-ray, Discogram, and Myelogram], and MRI), Applications (Spinal Cancer, Spinal Infection, Spinal Cord & Nerve Compressions, and Vertebral Fractures), and End-users (Ambulatory Care Center, Diagnostic Imaging Center, and Hospital) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Toshiba Medical Systems, Inc.; Siemens Healthineers; Bruker; Mediso Ltd.; Canon Medical Systems Corp.; Shimadzu Corp.; GE Healthcare; FUJIFILM; Hitachi, Ltd.; and Koninklijke Philips N.V. |
On the basis of products, the global spinal imaging market is divided into ultrasound, CT, and MRI. The CT segment is further divided into x-ray, discogram, and myelogram. The MRI segment is projected to account for a large market share in the coming years due to excellent spatial resolution, high soft-tissue contrast, along with multiplanar imaging capabilities provided by the devices. Moreover, the imaging time taken for diagnosis by MRI has also been reduced due to the availability of advanced MRI scanners that have low signal to noise ratio and strong magnetic strength. This has resulted in an improvement in the compliance of patients and a low rate of installation.
However, the CT segment is anticipated to grow at a considerable CAGR during the forecast period attributed to rising healthcare costs in developing regions. CT is the most common imaging technology referred by professionals when an individual is suffering from lower back pain. Such imaging technologies provide information on the most common spinal alignments that include spinal tumors, fractures, and spondylitis. The patients, whose bodies are implanted with foreign metallic bodies such as aneurysm clips, pedicles, and screws, have preferred CT to MRI as the latter device can disturb the diagnostic results.
Based on applications, the market is segmented into spinal cancer, spinal infection, spinal cord & nerve compressions, and vertebral fractures. The spinal cord & nerve compressions segment is expected to expand at a high CAGR during the forecast period owing to increasing incidence of spinal disorders such as cauda equina syndrome, herniated disc, radiculopathy, and spinal stenosis. On the other hand, the vertebral fractures segment is anticipated to grow at a significant rate in the coming years due to the advancement of imaging tools that include PET and MRA.
The spinal infection segment, however, is anticipated to expand significantly during the forecast period. The application is used for the diagnosis of spinal infections such as discitis, epidural abscess, and vertebral osteomyelitis. The market growth is attributed to the wide prevalence of cancer, drug abuse, diabetes, and others.
On the basis of end-users, the global spinal imaging market is segmented into ambulatory care center, diagnostic imaging center, and hospital. The hospital segment is estimated to dominate the market during the projected period owing to the presence of advanced imaging tools in hospitals. However, the diagnostic imaging center segment is projected to grow at a considerable rate in the coming years due to the availability of accreditation boards for diagnostics, low cost of CT & MRI scans, and development of favorable regulatory frameworks. The acceptance of ambulatory care center is increasing in the rural areas owing to which the ambulatory care center segment is anticipated to expand at a fast CAGR during the forecast period.
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America held a major share of the market in 2019 and is anticipated to dominate the market during the forecast period attributed to increasing cases of spinal surgeries and increasing demand for products in the region. The growing urge for early & accurate diagnostic solutions is also propelling the spinal imaging market. On the other hand, the market of Europe is expected to grow at a significant rate during the forecast period attributed to improvement in easy accessibility to healthcare services and availability of favorable reimbursement policies in the region. The market of Asia Pacific, however, is expected to grow at a fast pace during the projected period due to the presence of a huge patient base, government initiatives that are favorable, and improvement in healthcare facilities.
The global spinal imaging market has been segmented on the basis of
Key players competing in the global spinal imaging market are Toshiba Medical Systems, Inc.; Siemens Healthineers; Bruker; Mediso Ltd.; Canon Medical Systems Corp.; Shimadzu Corp.; GE Healthcare; FUJIFILM; Hitachi, Ltd.; and Koninklijke Philips N.V. Many of these players have adopted business strategies such as launch of new products, advancement of technologies, partnerships, mergers, and production capacity expansion in order to increase their consumer base and expand their market position globally. For example, MAGNETOM Lumina 3T, a MRI scanner by Siemens Healthineers, was approved by the US Food and Drugs Administration (FDS) in January 2019.
The global spinal imaging market has been segmented on the basis of
Key players competing in the global spinal imaging market are Toshiba Medical Systems, Inc.; Siemens Healthineers; Bruker; Mediso Ltd.; Canon Medical Systems Corp.; Shimadzu Corp.; GE Healthcare; FUJIFILM; Hitachi, Ltd.; and Koninklijke Philips N.V. Many of these players have adopted business strategies such as launch of new products, advancement of technologies, partnerships, mergers, and production capacity expansion in order to increase their consumer base and expand their market position globally. For example, MAGNETOM Lumina 3T, a MRI scanner by Siemens Healthineers, was approved by the US Food and Drugs Administration (FDS) in January 2019.
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