LONDON--(BUSINESS WIRE)--The global orthopedic radiology equipment market is expected to post a CAGR of close to 6% during the period 2019-2023, according to the latest market research report by Technavio.
A key factor driving the growth of the global orthopedic radiology equipment market size is the increasing adoption of orthopedic radiology equipment. Globally, there has been a significant increase in the number of people with orthopedic issues, resulting from sports injuries, fractures, bone marrow diseases, and degeneration of disc conditions, among others. Thus, the increase in orthopedic diseases, coupled with the growing aging population, and increasing awareness about the applications of orthopedic radiology equipment will drive market growth during the forecast period.
As per Technavio, integrated operating rooms will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global orthopedic radiology equipment market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Orthopedic Radiology Equipment Market: Integrated Operating Rooms
The popularity of integrated operating rooms (I-ORs) is increasing as they reduce the complexity of several complicated environments in hospitals, especially in surgical rooms. Integrated operating rooms have high-grade infrastructure, which helps in increasing the use of robotic platforms, artificial intelligence, combined with robotic surgery. This will help in improving the outcome of orthopedic surgeries. Thus, the increasing adoption of integrated operating rooms is expected to be one of the key orthopedic radiology equipment market trends, as it increases the demand for imaging modalities such as orthopedic radiology equipment.
“Apart from the growing popularity of integrated operating rooms, other factors such as the growing focus on facility expansion, and the increasing number of new business strategies by vendors will have a significant impact on the orthopedic radiology equipment market growth during the forecast period,” says a senior analyst at Technavio.
Global Orthopedic Radiology Equipment Market: Segmentation Analysis
This market research report segments the global orthopedic radiology equipment market by product (X-ray equipment, CT equipment, and MRI equipment), and geographic regions (North America, Europe, Asia, and ROW).
North America led the orthopedic radiology equipment market in 2018, followed by Europe, Asia, and ROW respectively. The growth of the orthopedic radiology equipment market in North America can be attributed to several factors such as the increasing number of orthopedic conditions, increasing number of new product launches, growing adoption of advanced radiology equipment, and the availability of public and private insurance for radiology imaging in the region.
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- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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