Orthopedic Imaging Equipment Market

Orthopedic Imaging Equipment Market Size

Orthopedic Imaging Equipment Market size was valued at USD 4.7 billion in 2023 and is estimated to grow at 4.8% CAGR from 2024 to 2032. Orthopedic imaging equipment refers to specialized medical devices and technologies used to visualize and diagnose conditions related to the musculoskeletal system. These imaging tools help healthcare professionals, particularly orthopedic specialists, to assess injuries, diseases, and abnormalities affecting bones, joints, muscles, ligaments, and tendons. With the global aging population base and rising sedentary lifestyle, the incidence of orthopedic disorders such as arthritis, osteoporosis, and fractures is on the increase.

For instance, according to a study published in the lancet rheumatology, the age-standardized global prevalence rate of rheumatoid arthritis was 208.8 cases per 100,000 population in 2020, representing a 14.1% increase since 1990. This study also projected that there will be 31.7 million individuals worldwide with rheumatoid arthritis by 2050, 68.7% of whom will be female These conditions often require accurate imaging for diagnosis and treatment planning, thereby driving the demand for orthopedic imaging equipment.

Further, there is a growing emphasis on early diagnosis and intervention in orthopedic conditions to prevent complications and improve patient outcomes. Therefore, healthcare professionals and patients alike are increasingly seeking advanced imaging modalities that can provide detailed insights into musculoskeletal structures, enabling early detection of abnormalities and timely intervention.

Orthopedic Imaging Equipment Market Trends

There have been remarkable advancements in orthopedic imaging technology, including the development of medical x-ray, which is estimated to reach USD 23 billion by 2032, computed tomography (CT), magnetic resonance imaging (MRI), and ultrasound. These advancements have improved imaging quality, reduced radiation exposure, and enhanced diagnostic accuracy, making orthopedic imaging equipment more effective and desirable for healthcare providers.

• Minimally invasive orthopedic procedures, such as arthroscopy and joint replacement surgeries, are becoming more popular due to their associated benefits such as shorter recovery times, reduced post-operative pain, and improved patient satisfaction.
  
• Orthopedic imaging equipment plays a crucial role in guiding these procedures, facilitating precise anatomical visualization and instrument placement.
  

Orthopedic Imaging Equipment Market Analysis

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Based on product type, the market is divided into X-ray system, CT-scanner, MRI system, EOS imaging system, ultrasound, and nuclear imaging system. The X-ray system segment of the market is forecasted to reach USD 2.2 billion by 2032, highlighting robust growth propelled by several key factors.

• X-ray systems are widely regarded as cost-effective imaging modalities compared to advanced technologies such as MRI and CT scanners. This makes them more accessible to healthcare facilities across diverse economic settings, including both developed and developing regions.
  
• Therefore, as healthcare infrastructure expands globally, particularly in emerging economies, there is an increasing demand for affordable imaging solutions, which drives the adoption of X-ray systems in orthopedic diagnostics.
  
• Further, despite being a mature technology, X-ray systems continue to benefit from ongoing technological advancements aimed at enhancing imaging quality, reducing radiation exposure, and improving workflow efficiency.
  
• Innovations such as digital radiography (DR) and computed radiography (CR) have transformed traditional X-ray systems, enabling faster image acquisition, superior image resolution, and enhanced image manipulation capabilities.
  
• These advancements contribute to the continued relevance and growth of the X-ray system segment in the market.
  

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Based on indication, the orthopedic imaging equipment market is bifurcated into trauma cases, sport injuries, spinal injuries, arthritis, bone disorders, musculoskeletal cancer, muscle atrophy, and other indications. The trauma cases segment accounted for USD 1 billion in 2023.

• Trauma cases, including fractures, dislocations, and other injuries, are prevalent across all age groups due to accidents, falls, and other incidents.
  
• For instance, the world health organization (WHO) reports that annually, around 1.19 million individuals lose their lives due to road traffic accidents, while an additional 20 to 50 million people sustain non-fatal injuries, often resulting in disabilities. Therefore, the high incidence rate ensures a consistent demand for orthopedic imaging equipment for diagnosis and treatment planning.
  
• Further, the aging population is prone to falls and fractures due to reduced bone density and musculoskeletal strength, leading to an increased incidence of trauma cases among older adults.
  
• Thus, as the global population continues to age, the demand for orthopedic imaging equipment for diagnosing and managing trauma cases in the elderly is expected to rise.
  

Based on end-use, the orthopedic imaging equipment market is bifurcated into hospitals, diagnostic imaging centers, and other end-users. The hospitals segment accounted for USD 2.3 billion in 2023.

• Hospitals serve as primary hubs for orthopedic care, handling a significant portion of imaging procedures due to their comprehensive medical services.
  
• The rising prevalence of orthopedic ailments, coupled with an aging population, has heightened demand for imaging services, further bolstering hospitals' role.
  
• Additionally, their relatively larger budgets enable investments in advanced imaging technologies, ensuring precise diagnoses and timely treatment decisions.
  
• Acting as referral centers for complex cases, hospitals attract patients from wider areas, fueling their revenue within the market.
  

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The orthopedic imaging equipment market in North America accounted for a significant revenue of 1.9 billion in 2023, and this trajectory is set to continue upwards.

• The rising prevalence of orthopedic conditions in the region, such as osteoarthritis, fractures, and sports injuries, is propelling the demand for orthopedic imaging services. For instance, according to the National Safety Council (NSC), exercise equipment in the U.S. accounted for the highest number of injuries in sports and recreation in 2022, with a reported total of 445,642 injuries linked to this category.
  
• Moreover, as the population ages and engages in more physically demanding activities, the incidence of these conditions is expected to increase, necessitating greater utilization of imaging equipment for diagnosis and monitoring.
  

The orthopedic imaging equipment market in Germany is expected to experience significant and promising growth from 2024 to 2032.

• Germany's robust healthcare infrastructure and its commitment to investing in advanced medical technologies will support market growth. Increased healthcare expenditure, both from public and private sectors, will facilitate the adoption of advanced orthopedic imaging equipment across hospitals and diagnostic centers.
  

UK is anticipated to witness robust growth in the global orthopedic imaging equipment market.

• Aging population in the UK is driving the demand for orthopedic procedures, such as joint replacements and spinal surgeries, which often require advanced imaging for accurate preoperative planning and postoperative assessment.
  
• Therefore, as the incidence of orthopedic disorders continues to rise with age, there is a corresponding increase in the need for diagnostic imaging equipment tailored to orthopedic applications.
  

Japan orthopedic imaging equipment market is anticipated to witness lucrative growth between 2024 – 2032.

• Japan has been witnessing a surge in sports participation and interest over the years. From traditional sports such as sumo wrestling and judo to globally popular ones such as soccer and baseball, more people are actively engaging in physical activities.
• With this increased participation comes a higher likelihood of sports-related injuries and trauma, necessitating advanced orthopedic imaging equipment for accurate diagnosis and treatment planning.
  

The orthopedic imaging equipment market in Saudi Arabia is expected to experience significant and promising growth from 2024 to 2032.

• Saudi Arabia has been consistently increasing its healthcare expenditure, aiming to improve the overall quality of healthcare services in the country. With a growing emphasis on advanced medical equipment, including orthopedic imaging devices, the market is set to expand significantly.
  

Orthopedic Imaging Equipment Market Share

The orthopedic imaging equipment sector is competitive in nature, with a mix of major global and smaller to medium-sized companies competing for market share. A pivotal aspect of market strategy involves the continual introduction of innovative products leveraging diverse technologies. Notably, prominent industry players command considerable influence in this dynamic landscape, often driving forward advancements through substantial investments in research and development. Additionally, strategic alliances, acquisitions, and mergers are instrumental in fortifying market positions and expanding global footprint amidst evolving regulatory landscapes.

Orthopedic Imaging Equipment Market Companies

Some of the eminent market participants operating in the orthopedic imaging equipment industry include:

• Canon Inc.
• Carestream Health
• EOS imaging
• Esaote SPA
• FUJIFILM Holdings Corporation
• GE HealthCare Technologies Inc.
• Hologic, Inc.
• Koninklijke Philips NV
• Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
• Shimadzu Corporation
• Siemens Healthineers AG

Orthopedic Imaging Equipment Industry News

• In June 2023, GE HealthCare announced the FDA clearance and launch of Sonic DL – a state-of-the-art deep learning-based technology designed to dramatically accelerate image acquisition in magnetic resonance imaging (MRI). Sonic DL enabled new imaging paradigms, such as high-quality cardiac MRI in a single heartbeat. This breakthrough expanded GE HealthCare’s industry-leading AI-enabled solutions portfolio and provided a competitive edge in the market.
  
• In November 2022, Canon Inc. announced its plans to establish a new subsidiary called Canon Healthcare USA, INC. This strategic decision aimed to strengthen the company's position in the influential American medical sector. By increasing its presence in this market, Canon aimed to accelerate the expansion of its medical business.
  

The orthopedic imaging equipment market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:

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Market, By Product Type

• X-ray system
• CT-scanner
• MRI system
• EOS imaging system
• Ultrasound
• Nuclear imaging system

Market, By Indication

• Trauma cases
• Sport injuries
• Spinal injuries
• Arthritis
• Bone disorders
• Musculoskeletal cancer
• Muscle atrophy
• Other indications

Market, By End-use

• Hospitals
• Diagnostic imaging centers
• Other end-users

The above information is provided for the following regions and countries:

• North America 
  • U.S.
  • Canada
• Europe 
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Netherlands
  • Rest of Europe
• Asia Pacific 
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Latin America 
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East and Africa 
  • Saudi Arabia
  • South Africa
  • UAE
  • Rest of Middle East and Africa