Fluoroscopy Equipment Market size is expected to witness appreciable growth between 2021 and 2027. This is driven by the rising adoption of this imaging technique to aid varied medical procedures, including the insertion of catheters into the urinary system or bile ducts. Furthermore, the use of fluoroscopy in other applications, such as orthopedic surgeries, to help surgeons repair bone fractures and replace damaged joints will foster industry growth in the coming years. Fluoroscopy refers to the study of moving body structure and uses X-ray to produce video images in real-time. In this process, a continuous X-ray beam is passed through the body part and is later transmitted to a monitor. As an imaging tool, it allows physicians to examine different body systems, such as respiratory, urinary, digestive, skeletal, and reproductive systems.
Rising prevalence of gastrointestinal diseases among the elderly population is one of the prominent trends bolstering the overall fluoroscopy equipment market share during the forecast timeline. According to GI Alliance, over 62 million Americans are diagnosed with digestive disorders every year, which could boost the consumption of fluoroscopy machines to view the gastrointestinal tract and treat infections. Moreover, the rising burden of cardiovascular conditions will proliferate industry expansion, given the increased reliance on the fluoroscopy procedure to view the flow of blood through arteries, thus aiding prompt treatment of heart conditions. However, radiation-related risks associated with this procedure and the potential development of cancer may act as a restraining factor to the fluoroscopy equipment industry over the forecast spell.
On the basis of application, the neurology segment will account for a commendable share in the fluoroscopy equipment market by 2027. Growth from this segment can be credited to the escalating rate of spinal cord injury caused by catastrophic falls and motor vehicle accidents in the United States. The increasing burden of high sugar, air pollution, high blood pressure, dietary risks, and obesity, and the subsequent rise in the incidence of neurological disorders will also fuel the requirement of fluoroscopy systems in neurology applications.
Europe will emerge as a lucrative revenue prospect for the fluoroscopy equipment market by 2027, as a result of the growing number of patients with CVDs in the European Union. Likewise, the rising healthcare expenditure and the significant increase in the rate of radiological procedures being conducted in countries like England will also augment the regional dynamics over the coming years.
Key players in the global market include Ziehm Imaging GmbH, Siemens Healthineers, Shimadzu, Orthoscan, Inc., Philips Healthcare, Hologic, Inc., Hitachi, Ltd., GE Healthcare, Carestream Health, and Canon Medical Systems, among others. These companies are focusing on new product launches and business expansions, among other strategies, to sustain their strong position across the global market.
The novel coronavirus outbreak has adversely impacted surgical practice worldwide, mainly due to staffing issues, viral transmission risks, and delay in non-emergency procedures. Various operating rooms with ventilators are being prioritized for COVID-19 patients rather than being utilized for elective procedures. This factor may impede the industry outlook, given the important role of the equipment in real-time viewing of body structure movement during surgical procedures. However, the increasing awareness associated with the development of neurologic complications among the COVID-19 patients may aid industry recovery in the near future. According to the GCS-NeuroCOVID study, 82% of the hospitalized COVID-19 patients had neurologic manifestations, with a 6-times increase in mortality.
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