Spinal cord injuries are common and are considered as crucial factors for disability, reduced life satisfaction, and emotional welfare, besides mortality and reduced life expectancy. People with spinal emergencies are usually suffering from trauma, infection, or tumor. Before undergoing spinal surgery, imaging of the spine is done for early recognition of spinal injury, stabilization of injuries, prevention of additional neurological injuries, relief of symptoms, correct deformity, and early mobilization. The ongoing developments in equipment and programming innovation and the usage of AI in spinal imaging are boosting the market growth of the global spinal imaging market.
MARKET SCOPE
The "Global Spinal Imaging Market Analysis to 2028" is a specialized and in-depth study of the medical devices industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Spinal Imaging market with detailed market segmentation by product type, application, end use, and geography. The report provides key statistics on the market status of the leading Spinal Imaging market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product type, the global Spinal imaging market is segmented into x-ray, ct, mri, ultrasound.
- On the basis of application, the market is segmented into spinal infection, vertebral fractures, spinal cancer, spinal cord and nerve compression
- On the basis of end use, the market is segmented into hospitals, diagnostic imaging center, ambulatory care center, others.
MARKET DYNAMICS
Drivers:
- Rise in the incidences of spinal disorders.
- Rise in the funds by private and public sector.
- Technological advancements.
Restraints:
- The high cost associated with imaging modalities, and unfavorable reimbursement scenarios is the major restraining factor for this market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Spinal Imaging market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Spinal Imaging market in these regions.
IMPACT OF COVID-19 ON SPINAL IMAGING MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the Spinal imaging market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Spinal Imaging market are anticipated to lucrative growth opportunities in the future with the rising demand for Spinal imaging in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Spinal imaging market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Canon Medical Systems Corp.
- GE Healthcare
- FUJIFILM
- Siemens Healthineers
- Koninklijke Philips N.V.
- Bruker
- Shimadzu Corp.
- Mediso Ltd.
- Toshiba Medical Systems, Inc.
- Hitachi, Ltd