Global Image Guided Surgery Market Overview
As per MRFR analysis, the Image Guided Surgery Market Size was estimated at 5.30 (USD Billion) in 2023.
The Image Guided Surgery Market is expected to grow from 5.49 (USD Billion) in 2024 to 7.44 (USD Billion) by 2032. The Image Guided Surgery Market CAGR (growth rate) is expected to be around 3.86% during the forecast period (2024 - 2032).
Key Image Guided Surgery Market Trends Highlighted
The global market for image-guided surgery is expanding rapidly, driven by technological advancements and rising demand for minimally invasive procedures. One of the key drivers of this market is the increasing prevalence of chronic diseases, such as cancer, which require precise and targeted surgical interventions.
Image-guided surgery enables surgeons to visualize anatomical structures more accurately, leading to improved surgical outcomes and reduced complications.
Opportunities for growth in the image-guided surgery market lie in the development of novel technologies, such as augmented reality and artificial intelligence. These technologies enhance the surgeon's ability to visualize and navigate complex anatomical structures, further improving surgical precision.
Additionally, the expansion of telemedicine and remote surgery is creating new opportunities for image-guided surgery in underserved areas.
Recent trends in the image-guided surgery market include the integration of robotic systems and the adoption of 3D printing for surgical planning. Robotic systems provide enhanced precision and dexterity, while 3D printing allows for the creation of customized surgical guides.
These advancements are expected to continue shaping the market landscape in the years to come, driving growth and innovation in the field of image-guided surgery.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Image Guided Surgery Market Drivers
Rising Prevalence of Chronic Diseases
Major advancements in technology and the resultant rapid adoption in the healthcare sector are major drivers that will continue to fuel the image-guided surgery sector. To illustrate, the rising prevalence of chronic diseases is a function of technological development.
Indeed, cancer, cardiovascular, and neurological diseases are on the rise. These applications require complex surgical procedures, which image-guided surgery systems present.
Thus, with visualized tools and pieces of imaging equipment, surgical precision is achievable in each operation, and the percentage of positive patient outcomes continues to be enhanced.
For example, according to the World Health Organization, cancer cases continue to rise, as the disease is the leading cause of death worldwide, with 19.3 million new cases and 10.0 million deaths reported in 2020.
Notably, image-guided surgeries offer tumor precision, accurate localization, and removal, and as such, the tools enhance patient survival rates.
Technological Advancements
The global market for image-guided surgery has grown significantly owing to disruptive innovations in technology. New generations of image-guided surgery systems are integrated with artificial intelligence, augmented reality, and virtual reality elements.
It follows that AI-powered systems can analyze the data of a patient in real-time, helping a surgeon during the operation by providing surgery guidance. Moreover, AR and VR technologies enable seeing otherwise hidden anatomical structures and simulating surgery.
Thus, planning surgery procedures becomes more effective, and the outcomes are better than before.
Increasing Healthcare Expenditure
The rising healthcare expenditure across the globe is another factor driving the growth of the global image-guided surgery market.
Governments and private healthcare providers are investing heavily in advanced medical technologies to improve patient care and reduce healthcare costs.
Image-guided surgery systems offer numerous benefits, including reduced surgery time, shorter hospital stays, and improved patient outcomes, which are attracting healthcare providers to adopt these systems.
Image Guided Surgery Market Segment Insights:
Image Guided Surgery Market Technology Insights
The growth of the market is attributable to the increasing inclination toward minimally invasive surgical procedures, technological advancements, and surging healthcare expenditure. Fluoroscopy-based Image Guided Surgery segment held the largest revenue share of 35.4% in 2023, and the segment will continue dominating over the forecast period.
This technology provides real-time imaging facilitating safe and precise placement of surgical instruments and real-time localization of implants to enhance surgical efficiency. The Ultrasound-based Image Guided Surgery segment will grow at the fastest rate over the next 9 years.
This technology is increasingly being preferred owing to its affordability, portability, and the wide range of applications. It allows for real-time visualization of soft tissues and organs, making the technology suitable for procedures including laparoscopic surgery and biopsies.
The Magnetic Resonance Imaging-based Image Guided Surgery segment is also estimated to grow over the forecast period. The segment is growing owing to its ability to offer high-resolution images of soft tissues and organs. The use of MRI-guided surgery minimizes the risk of complications and allows for better targeting and navigation during the procedures.
The Optical Coherence Tomography -based Image Guided Surgery segment has recently been emerging as a popular technology for ophthalmic surgeries. This technology provides high-resolution cross-sectional images of the retina and choroid, enabling ophthalmic surgeons to clearly visualize the anatomical structures for precise procedures.
The Positron Emission Tomography -based Image Guided Surgery segment will also grow at a steady rate over the forecast period. This image-guided surgery helps view the tissues that have high metabolic activity, which may provide crucial information for surgical planning and in making intraoperative decisions.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Image Guided Surgery Market Application Insights
Neurosurgery held the largest share of the Global Image Guided Surgery Market revenue in 2023, and it is expected to continue its dominance during the forecast period. The high prevalence of neurological disorders, such as brain tumors, cerebrovascular diseases, and spinal cord injuries, is driving the growth of this segment.
Orthopedic Surgery is another significant application segment, owing to the increasing number of orthopedic surgeries, such as joint replacements and spine surgeries. Otolaryngology Surgery is also witnessing significant growth due to the rising incidence of ear, nose, and throat disorders.
The Cardiovascular Surgery segment is expected to expand at a steady pace, driven by the increasing number of cardiovascular procedures, such as coronary artery bypass grafting and valve replacements.
Urological Surgery, Gastrointestinal Surgery, and Plastic Surgery are other growing application segments in the Global Image Guided Surgery Market, supported by the rising prevalence of chronic diseases and the demand for minimally invasive surgical procedures.
The increasing adoption of image-guided surgery systems in these applications is expected to contribute to overall market growth in the coming years.
Image Guided Surgery Market Modality Insights
The Global Image Guided Surgery Market is segmented by modality into 2D Image Guided Surgery, 3D Image Guided Surgery, and 4D Image Guided Surgery. The 3D Image Guided Surgery segment held the largest market share in 2023 and is expected to continue to dominate the market throughout the forecast period.
The growth of this segment can be attributed to the increasing adoption of 3D imaging technologies in surgical procedures, as they provide surgeons with a more comprehensive view of the surgical site. The 2D Image Guided Surgery segment is expected to witness a steady growth rate during the forecast period, as it is still widely used in less complex surgical procedures.
The 4D Image Guided Surgery segment is expected to experience the fastest growth rate during the forecast period due to the increasing adoption of real-time imaging technologies in surgical procedures.
Image Guided Surgery Market Procedure Insights
The Global Image Guided Surgery Market revenue from the minimally invasive surgery segment is projected to reach USD 30.48 billion by 2032, exhibiting a CAGR of 8.95% during the forecast period.
This growth is attributed to the increasing adoption of minimally invasive surgical procedures, which offer several advantages over traditional open surgery, such as reduced pain, faster recovery time, and less scarring.
The Global Image Guided Surgery Market segmentation by procedure reveals that image-guided minimally invasive surgery accounted for the largest share of the market in 2023, and this trend is expected to continue during the forecast period.
Key factors driving the growth of this segment include the increasing demand for minimally invasive procedures, technological advancements in image-guided systems, and the rising prevalence of chronic diseases.
Image Guided Surgery Market End-use Insights
The Global Image Guided Surgery Market is segmented by end-use into hospitals, surgery centers, and clinics. Hospitals held the largest market share in 2023 due to the increasing adoption of image-guided surgery systems for a wide range of procedures.
The growing number of surgical procedures, coupled with the increasing demand for minimally invasive surgeries, is driving the growth of this segment. Surgery centers are expected to witness significant growth during the forecast period due to the rising popularity of outpatient surgeries and the increasing number of specialty surgery centers.
Clinics are also expected to contribute to the market growth due to the growing demand for image-guided surgeries in specialized procedures such as cosmetic and dental surgeries.
The growth of the market is attributed to the increasing adoption of image-guided surgery systems, technological advancements, and the rising prevalence of chronic diseases.
Image Guided Surgery Market Regional Insights
The Global Image Guided Surgery Market is segmented by region into North America, Europe, APAC, South America, and MEA.
North America is expected to hold the largest market share in 2023, owing to the presence of many hospitals and surgical centers, as well as the high adoption of advanced medical technologies.
Europe is also a significant market for image guided surgery, due to the presence of several leading medical device manufacturers and the high demand for healthcare services.
The APAC region is expected to experience the highest growth rate during the forecast period, due to the increasing adoption of image guided surgery in emerging markets such as China and India.
South America and MEA are also expected to experience steady growth in the image-guided surgery market due to the growing demand for healthcare services in these regions.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Image Guided Surgery Market Key Players and Competitive Insights:
Major players in the Image Guided Surgery Market are continuously focusing on launching new and advanced products to meet the evolving needs of healthcare providers and patients.
Leading Image Guided Surgery Market players are also actively involved in research and development activities to enhance the capabilities and accuracy of their systems. Furthermore, strategic collaborations and acquisitions are becoming increasingly common in the Image Guided Surgery Market development landscape, as companies seek to expand their portfolio and gain a competitive edge.
The Image Guided Surgery Market Competitive Landscape is expected to remain highly dynamic in the years to come, with new entrants and established players vying for market share.
Stryker, a leading player in the Image Guided Surgery Market, offers a comprehensive range of image-guided surgery systems and solutions. The company's portfolio includes navigation systems, robotics, and augmented reality platforms.
Stryker's commitment to innovation and customer focus has enabled it to maintain a strong market position. The company has a global presence and caters to a diverse customer base in various healthcare settings.
Another key player in the Image Guided Surgery Market is Medtronic. The company's image-guided surgery portfolio includes navigation systems, robotics, and surgical planning software. Medtronic is known for its advanced technology and focus on user-friendly systems.
The company has a strong presence in the cardiovascular, neurosurgery, and spinal surgery segments. Medtronic's commitment to research and development has led to the development of innovative solutions that enhance surgical precision and patient outcomes.
Key Companies in the Image Guided Surgery Market Include:
- Medtronic
- Ziehm Imaging
- Siemens Healthineers
- Johnson Johnson
- Fujifilm Holdings
- Asahi Intecc
- Canon Medical Systems
- Olympus
- Stryker
- GE Healthcare
- Boston Scientific
- Brainlab
- Nikon
- Carl Zeiss Meditec
- Philips Healthcare
Image Guided Surgery Market Developments
Technological advancements and increasing adoption of minimally invasive procedures are driving market growth.
Key developments include the integration of artificial intelligence and machine learning for improved accuracy and precision, as well as the development of robotic systems for enhanced dexterity and control.
Strategic collaborations and acquisitions among market players are shaping the competitive landscape, with companies focusing on expanding their product portfolios and geographical reach.
Image Guided Surgery Market Segmentation InsightsImage Guided Surgery Market Technology Outlook
- Fluoroscopy-based Image Guided Surgery
- Ultrasound-based Image Guided Surgery
- Magnetic Resonance Imaging (MRI)-based Image Guided Surgery
- Optical Coherence Tomography (OCT)-based Image Guided Surgery
- Positron Emission Tomography (PET)-based Image Guided Surgery
Image Guided Surgery Market Application Outlook
- Neurosurgery
- Orthopedic Surgery
- Otolaryngology Surgery
- Cardiovascular Surgery
- Urological Surgery
- Gastrointestinal Surgery
- Plastic Surgery
Image Guided Surgery Market Modality Outlook
- 2D Image Guided Surgery
- 3D Image Guided Surgery
- 4D Image Guided Surgery
Image Guided Surgery Market Procedure Outlook
- Minimally Invasive Surgery
- Open Surgery
Image Guided Surgery Market End-use Outlook
- Hospitals
- Surgery Centers
ClinicsImage Guided Surgery Market Regional Outlook
- North America
- Europe
- South America
- Asia-Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2023 |
 5.3 (USD Billion) |
| Market Size 2024 |
5.49 (USD Billion) |
| Market Size 2032 |
7.44 (USD Billion) |
| Compound Annual Growth Rate (CAGR) |
3.86% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Medtronic, Brainlab, Ziehm Imaging, Siemens Healthineers, Johnson Johnson, Fujifilm Holdings, Asahi Intecc, Canon Medical Systems, Olympus, Stryker, GE Healthcare, Boston Scientific, Nikon, Carl Zeiss Meditec, Philips Healthcare |
| Segments Covered |
Technology, Application, Modality, Procedure, End-use, Regional |
| Key Market Opportunities |
AI-driven surgical navigation systems Expanded adoption in emerging markets Integration with robotics and other technologies Personalization of surgical procedures Use in minimally invasive surgeries |
| Key Market Dynamics |
Increasing demand for minimally invasive surgical procedures Advancements in medical imaging technology Rising prevalence of chronic diseases Government initiatives to promote healthcare accessibility Growing investments in healthcare infrastructure |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Image Guided Surgery Market is expected to reach an overall valuation of 5.30 billion USD in 2023.
The Image Guided Surgery Market is projected to register a CAGR of 3.86% from 2024 to 2032
North America is expected to hold the largest market share in the Image Guided Surgery Market in 2023, with a significant contribution from the United States.
Image Guided Surgery finds applications in various surgical procedures, including neurosurgery, orthopedic surgery, cardiovascular surgery, and minimally invasive surgery
Key competitors in the Image Guided Surgery Market include Medtronic, Siemens Healthineers, Stryker, Brainlab, and Carl Zeiss Meditec.
Factors driving the growth of the Image Guided Surgery Market include the increasing prevalence of chronic diseases, technological advancements, and rising healthcare expenditure.
Challenges faced by the Image Guided Surgery Market include regulatory hurdles, high costs, and a shortage of skilled professionals
Latest trends in the Image Guided Surgery Market include the adoption of artificial intelligence, the development of augmented reality systems, and the integration of robotics.
The Image Guided Surgery Market is expected to reach an overall valuation of 90.42 billion USD by 2032.
Growth opportunities for the Image Guided Surgery Market include expanding into emerging markets, developing new applications, and strategic collaborations.
