Intraoperative Imaging Market Expected to Reach $3.8 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Intraoperative Imaging Market," The intraoperative imaging market size was valued at $2.0 billion in 2021, and is estimated to reach $3.8 billion by 2031, growing at a CAGR of 6.5% from 2022 to 2031.

Intraoperative phase is defined as the phase of surgery, which is considered from the admission of patient into operation theatre to completion of surgical procedure. This technology is gaining high traction in the market as a critical tool for precise and effective surgeries. It helps to improve surgical outcome and enhances the workflow and efficiencies for healthcare personnel.

An intraoperative imaging system creates images of particular surgical site and these images guide the surgeon to perform the surgery. It further enables the surgeons to get the image of implants they place into the patient’s body, which guides the surgeon to place it correctly.

Factors that drive growth of the global intraoperative imaging market share are increase in prevalence of chronic diseases such as cancer, orthopedic diseases, neurology diseases, and heart disease; increase in the number of surgical procedures such as neurosurgery, orthopedic & trauma care, spine surgery, cardiovascular surgeries, and gastroenterology; and rise in efforts of intraoperative imaging industry to launch advanced intraoperative imaging devices. Moreover, surge in number of minimally invasive surgeries, which is highly dependent on the imaging system fuels the intraoperative imaging market growth. In addition, rise in geriatric population is anticipated to propel the intraoperative imaging market trends. This is attributed to the fact that aged individuals are highly vulnerable to chronic diseases, which leads to increase in number of surgical procedures. For instance, according to the World Health Organization (WHO), in October 2021, 1 in 6 individuals in the world will be aged 60 years or over, by 2030.

Moreover, according to the Journal of JAMA Network Open, in 2021, about 32% of surgical procedure in the U.S. were reported to have conducted in patients aged more than 65 years. Thus, increase in number of surgical procedure further surges the need for intraoperative devices. The global intraoperative imaging market is segmented into type and region.

On the basis of type, the market is fragmented into intraoperative ultrasound, intraoperative CT, intraoperative MRI, and others. The others segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to increase in the use of intraoperative X-ray and mobile C-arm in surgical procedures.

North America accounted for a majority of the share in 2021, and is anticipated to remain dominant during the forecast period. This is attributed to advancements in technology in the medical device sector and rise in number of product approvals in the region. However, Asia-Pacific is expected to register highest CAGR of 7.4% from 2022 to 2031, owing to increase in number of surgical procedures, rise in geriatric population, and surge in prevalence of chronic diseases.

The COVID-19 outbreak is anticipated to have a negative impact on growth of the global intraoperative imaging market. During the COVID-19 pandemic period, stringent regulations were implemented by local and national governments on the delivery of products from companies. This, in turn, led to disruption in the supply chain, thus increasing the demand–supply gap. In addition, many challenges were faced by key players in manufacturing intraoperative imaging devices, thereby hampering the growth of the market. Moreover, cancellations of non-emergency surgeries during the pandemic affect the growth of intraoperative device market. According to the report published by the British Journal of Surgery, it was reported that approximately 28.4 million elected surgeries estimated to be canceled in 2020 across the globe. According to the report shared by the National Library Medicine in July 2020, after excluding emergency surgical procedures, it was estimated that about 30,000 primary and 3,000 revision knee and hip replacement arthroplasty procedures were canceled each week in the U.S. Thus, the pandemic adversely affected organ donation and organ transplantation surgeries, which, in turn, decreased the number of these surgeries. This eventually negatively impacted the intraoperative imaging market.

On the contrary, the number of surgical procedures is expected to grow gradually post the pandemic. According to the Journal of Cureus, in 2022, it was analyzed that the number of cervical spinal fusion procedures increased by 44.9% from 2020 to 2021. Thus, increase in number of surgical procedure after pandemic fostered the use of intraoperative imaging systems

Key Findings Of The Study

• By type, the others segment was the highest contributor to the market in 2020.
• Region wise, North America garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.