DUBLIN--(BUSINESS WIRE)--The "North America Fluoroscopy Devices Market - Growth, Trends and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The North America Fluoroscopy Devices Market is expected to register a CAGR of 4.5% during the forecast period
The major factors driving the growth of the market in North America are due to the presence of established healthcare infrastructure, technological advancements, rising demand for minimally-invasive surgeries, growing geriatric population and prevalence of chronic diseases, and increasing use of fluoroscopy in pain management.
According to the World Ageing 2019 report, estimated that in 2019 there were about 53.340 million (16.2%) population aged 65 years or over in the United States. This number is projected to reach 70.842 million (20.3%) in 2030. As the number of the elderly population is expected to increase in the near future and this population is more prone to chronic conditions such as cardiovascular, neurological disorders, and other diseases which will show a positive impact on the market.
Furthermore, according to the American Heart Association Research, approximately 2,300 Americans die due to cardiovascular diseases each day, an average of one death for every 38 seconds.
Thus, owing to above factors the market is expected to show significant growth over the forecast period. However, the side effects associated with radiation is expected to hinder the market growth over the forecast period.
Key Market Trends
Cardiovascular Segment is Expected to Hold Major Market Share under Application over the Forecast Period
The rising burden of cardiovascular diseases in North America is a major factor driving the growth of the market. For instance, according to the Heart Disease and Stroke Statistics 2019 report, estimates that in 2019, coronary events were expected to occur in about 1,055,000 individuals, including 720,000 new and 335,000 recurrent coronary events in the United States.
As per the Heart and Stroke Foundation 2019 report, each year more than 62,000 people get attack with stroke in Canada, and that number is expected to rise. More than 405,000 people in the country live with the effects of stroke. Furthermore, the number of people who die in the hospital within 90 days is 7.6 times higher for people with heart valve disease and heart failure in comparison to heart valve disease alone.
Furthermore, increasing cardiovascular diseases, such as high blood pressure, arrhythmias, and stroke are increasing the demand for fluoroscopy devices, along with growing demand for minimally invasive surgeries and technological advancements are also expected to drive the market in the near future.
The North American Fluoroscopy Devices Market is consolidated competitive. The major market players are focusing on technological advancements and reducing the side effects of the procedures. Some of the players who are currently dominating the market are GE Healthcare (GE Company), Carestream Health, Canon Medical Systems Corporation, Siemens Healthineers, Koninklijke Philips NV, Hologic Inc, Orthoscan Inc, Shimadzu Medical and Varian Medical Systems Inc.
Key Topics Covered:
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Demand for Minimally-invasive Surgeries
4.2.2 Growing Geriatric Population and Prevalence of Chronic Diseases
4.2.3 Increasing Use of Fluoroscopy in Pain Management
4.3 Market Restraints
4.3.1 Side Effects and Radiation Exposure
4.3.2 Rising Adoption of Refurbished Systems
4.3.3 Stringent Regulations for Imaging Devices
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Device Type
5.1.1 Fixed Fluoroscopes
5.1.2 Mobile Fluoroscopes
126.96.36.199 Full-size Fluoroscopes
188.8.131.52 Mini Fluoroscopes
5.2 By Application
5.2.3 Pain Management and Trauma
5.2.7 General Surgery
5.2.8 Other Applications
5.3.1 North America
184.108.40.206 United States
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 GE Healthcare (GE Company)
6.1.2 Carestream Health
6.1.3 Canon Medical Systems Corporation
6.1.4 Siemens Healthineers
6.1.5 Koninklijke Philips NV
6.1.6 Hologic Inc
6.1.7 Orthoscan Inc
6.1.8 Shimadzu Medical
6.1.9 Varian Medical Systems Inc
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/ffzorm