Research Nester published a report titled “C-Arm & Mini C-Arm Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the global C-arm & mini C-arm market in terms of market segmentation by C-arm type, detector type, application, end user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global C-arm & mini C-arm market is anticipated to grow with a CAGR of 4.9% during the forecast period, i.e., 2020-2028. The market is segmented on the basis of C-arm type into fixed, and mobile C-arms. The fixed C-arm type is further divided into floor mounted and ceiling mounted. Amongst these segments, in the year 2019, the ceiling mounted segment garnered the highest market share. The market is also segmented on the basis of end user into diagnostic imaging centers, hospitals/surgical centers, ambulatory surgical centers, and others, out of which, in the year 2019, the hospital/surgical centers segment registered the largest share of 30.79%.
The global C-arm & mini C-arm market is anticipated to reach USD 3050.6 Million by the end of 2028, up from USD 2170.9 Million in the year 2019. The market is anticipated to grow on account of the rising prevalence of different type of diseases worldwide, along with the increasing support from both public and private sectors for advancing in healthcare infrastructure. Further, increasing geriatric population, and the growing preference of surgeons for such C-arms during surgeries is also anticipated to create numerous opportunities for market growth.
The global C-arm & mini C-arm market is segmented on the basis of region into North America, Europe, Asia Pacific, Latin America and the Middle East & Africa, out of which, the market in North America registered the highest market share in 2019 along with a revenue of USD 835.78 Million in 2019. The market in the region is further expected to reach USD 1149.77 Million by the end of 2028. Increasing burden of diseases in the region, and the need for advanced diagnostics and treatment, followed by the presence of a robust healthcare infrastructure in the region, are some of the factors expected to drive the market growth. In the statistics by the U.S. Centers for Disease Control and Prevention (CDC), in the United States, a person dies from cardiovascular disease in every 36 seconds.
Growing Advancements in Healthcare Infrastructure to Boost the Market Growth
According to the statistics by the World Bank, globally, the current health expenditure as a share of GDP reached 9.857% in 2018, up from 9.417% in 2013.
Backed by the rising healthcare expenditure, there is a rising need amongst nations worldwide to increasingly focus on developing advanced equipment that can help to diagnose and treat different types of diseases. Besides this, there is a rise in concern for the increasing burden of diseases on nations globally. For instance, around 1.5 Million individuals are expected to suffer a fracture due to bone disease every year. Additionally, the U.S. Centers for Disease Control and Prevention (CDC), in one of its statistics, stated that a person dies from cardiovascular disease in the United States in every 36 seconds. Owing to such rise in concerns for the spread of diseases worldwide, there is a rising need amongst patients to undergo quality treatment in hospitals and other healthcare services providing centers, thereby raising the need amongst these centers to increasingly adopt advanced equipment, such as C-arms, which in turn is anticipated to drive the market growth.
However, the high price of C-arms and mini C-arms is expected to operate as key restraint to the growth of global C-arm & mini C-arm market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global C-arm & mini C-arm market which includes company profiling of Ziehm Imaging GmbH, General Electric Company, Siemens Healthcare GmbH, Koninklijke Philips N.V., Eurocolumbus srl, Trivitron Healthcare, Turner Imaging Systems, Canon Medical Systems Corporation, Allengers, Hologic, Inc., Orthoscan, Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global C-arm & mini C-arm market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.