M.I.T. was recently named as a Preferred Vendor for C-arms by Medical Dealer magazine. Our company feature is included to the left, along with a Market Analysis on C-arms below.
There are many diagnostic imaging modalities. C-arms are among these helpful medical tools and new developments, especially mobile C-arms, are factors contributing to the growth of this sector.
Several recent market analysis reports indicate continued growth in the C-arm market.
Global Industry Analysts Inc. (GIA), a worldwide business strategy and market intelligence source, is among those predicting C-arm market growth in coming years.
“The global fluoroscopy and mobile C-arms market is forecast to reach $2.4 billion, driven by the growing prominence of minimally-invasive surgical (MIS) procedures, technological advancements, and expanding geriatric population,” according to a 2015 report on the GIA website. “Fluoroscopy is one of the most widely used medical diagnostic technologies worldwide. Unlike X-ray machines, fluoroscopy and mobile C-arm equipment generate real-time visuals of the body parts for assisting medical professionals in surgical procedures. These machines are used for minimally invasive imaging for procedures such as the insertion of intravenous catheters, cardiac catheterization, lumbar puncture, and biopsies.”
“Future growth in the market will be driven by increasing demand for radiology intervention and orthopedic procedures from the expanding elderly population and sports-related injuries,” the report adds. “Mushrooming of public and private health care facilities across the globe is also expected to bode well for market expansion in the coming years. Additionally, unhealthy lifestyles and the large and growing geriatric population worldwide is fuelling the need for cardiology and vascular procedures, orthopedic care, and pain management that are performed using fluoroscopy and mobile C-arms systems.”
A research report on the global fluoroscopy and mobile C-arms market, published by Transparency Market Research (TMR), states that the market is likely to register a moderate CAGR (Compound Annual Growth Rate) of 3.0 percent during the period from 2013 and 2019. The research report titled, “Fluoroscopy and Mobile C-arms Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,” indicates this market will increase from an approximate value of $1 billion in 2012 to more than $2 billion by the end of the forecast period.
“The rising need for orthopedic surgeries, on account of the increasing incidence of sports injuries and road accidents, is fueling the demand for fluoroscopy and mobile C-arms across the world. The rapid growth of the geriatric population is also boosting this market substantially in the global arena,” according to the Transparency Market Research study. “According to the report, fluoroscopy equipment and mobile C-arms are the two major products available in the global fluoroscopy and C-arms market. In 2012, the fluoroscopy equipment segment led the worldwide market in terms of revenue and the C-arms segment dominated this market in terms of volume. The C-arms segment has been further categorized into mini C-arms and full-size C-arms. The full-size C-arms segment is likely to record a faster growth rate among the two during the forecast period.”
Some major participants in this market, according to Transparency Market Research, are Toshiba Corp., Siemens Healthcare, Shimadzu Corp., Philips Healthcare, Omega Medical Imaging Inc., Hologic Inc., Hitachi Ltd., and GE Healthcare.
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