Drivers
The growth of the global market of Fluoroscopy and mobile C-arm market is driven by a number of factors. The increasing incidences of chronic diseases and the rising geriatric population are the major cause for the growth of the market. The preferences of the doctors around the globe for fluoroscopy and neurology and orthopedic procedures are other factors.
According to the study, the annual incident rates of RA and age-standardized point generality were 246.6 and 14.9 in 2017 which increased by 7.4% and 8.2% from 1990.
Opportunities
The fluoroscopy and mobile C-arm devices are highly used by doctors worldwide for older patients. Proper types of equipment and tools are required to operate and this device helps to monitor the whole surgical procedures as slight errors or mistakes could cause serious damage to the older patients.
Moreover, imaged guided surgeries are chiefly preferred by the doctors to serve the geriatric population with perfection, the risk of complications can be reduced with the help of the mobile C-arms.
Restraints
The acquisition of alternative or substitution techniques for fluoroscopy is likely to affect the growth of the market. Fluoroscopy and C-arm techniques help the surgeons to perform infinitesimal invasive surgery procedures. There is a high risk of ionizing radiation with the fluoroscopy devices, and due to that several physicians prefer other alternatives such as ultrasonography.
Therefore, there is a high demand for refurbished equipment which is cheaper as compared to fluoroscopy devices. The growth in the demand for the refurbished equipment has affected the fluoroscopy market. The price of refurbished equipment ranges from US$ 5,000 to US$ 140,000 on the other hand the price of C-arm devices reaches up to US$ 200,000
Challenges
Fluoroscopy’s artificial intelligence offers a profitable growth opportunity for the key players in the global fluoroscopy and c-arm market size. According to a study, in October 2019, the American College Of Gastroenterology has reported that the use of the fluoroscopic system with artificial intelligence can minimize the threat of exposure to radiation.
The growth of the market is highly affected by this new development of technology. The CorPath GRX System with the robotic PCI has reduced the exposure of the radiation by 20% as compared to the PCI.
Cumulative Growth Analysis
The adoption of the fluoroscopy and c-arm market size is anticipated to toss growth in the global market during the forecast period. AIIMS Bhopal, India, established a Digital Radiography Fluoroscopy unit in the hospital.
Major key players around the globe are focused on getting the approvals and launching new devices to extend the portfolio of the product. In March 2019, Philips got the clearance for a digital radiographic-fluoroscopy system which is a ProxiDiagnost N90.
Fluoroscopy and Mobile C-Arms Market Value Chain Analysis
Fluoroscopy and mobile c-arms market trends have basically three segments which are generally based on the application, different types of devices, and end-users. The fluoroscopy and mobile c-arm market are divided into two types on the basis of the device, one is mobile C arm and another is fluoroscopy system. The subdivision of the market on the basis of application includes pain management and trauma, gastrointestinal orthopedics, cardiovascular, neurology, urology, and others.
On the basis of the end-users, the market has been segmented into diagnostic centers, hospitals and clinics, research and academic institutes, and others, The market value of hospitals and clinic has experienced USD 895.96Million in 2017.
<p>The increasing demand for minimally invasive procedures is driving advancements in fluoroscopy and mobile C-arms, enhancing diagnostic capabilities and patient outcomes in healthcare settings.</p>
U.S. Food and Drug Administration (FDA)
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