North America C-Arms Market to grow at a CAGR of 3.78% during 2016 to 2021

21/lug/2017 09:20:43 MDFtends Contatta l'autore

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The North America C-Arms Market was worth $1.30 billion in 2016 and estimated to be growing at a CAGR of 3.78%, to reach $1.56 billion by 2021. In the present world, imaging systems are a vital technology in every hospital. Experts in fields such as surgery, orthopaedics, Neurology, Urology and cardiology utilize C-arms for intraoperative imaging.

C-arm is a medical imaging tool with a C-shaped arm that attaches the X-ray source and X-ray detector to each other. These devices offer high-resolution X-ray images in real-time, thereby permitting the doctor to observe progress at any point during the operation and promptly make required alterations. The growth of innovative C-arms has broadened their application area, adding considerably to the growth of the global fluoroscopy and mobile C-arms market.

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The growth of the North America C-Arms market is mainly due to factors such as rising awareness regarding interventional surgeries, increasing implementation of minimally intrusive surgeries, growing demand for superior imaging technology and for C–Arms in cardiology and vascular surgery. With increasing emphasis on the transportability of C-Arms, there is a huge market opportunity for companies manufacturing Mini C-Arms. However, factors such as growing utilization of refurbished devices, increasing cost concerns and the low substitution rates of C-Arm systems are obstructing the growth of the market in this region.

The North America C-Arms market is segmented based on Device type and Application. The market for C-Arms, on the basis of Device type is segmented into Fixed C-Arms and Mobile C-Arms. Mobile C-Arms are further segmented into Mini C-Arms and Full-Size C-Arms. The full-size C-arms segment leads the market on the basis of type of device and is also projected to witness a higher growth rate among the two during the forecast period. On the basis of Application, the C-Arms market is segmented into Cardiovascular, Neurology, Urology, Orthopaedic, Pain Management and Trauma, Gastrointestinal, and General Surgery. The Cardiovascular segment leads the C-Arms market on the basis of application, followed by orthopaedic and neurology.

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The North America market has been geographically segmented into US and Canada. In 2015, North America led the global C-Arms market in terms of both value and capacity. The market in this region is projected to grow strongly during the forecast period due to various factors such as growing awareness about medical imaging tools, financial strength to procure expensive devices, and adoption of advanced products.

The market is highly consolidated due to the high prices of equipment and a huge amount of capital is required for the entry of a new company into the market. This has led to a formidable competition among prominent market players. The major companies dominating the C-Arms market in this region are GE Healthcare Inc., Varian Medical Systems Inc., Philips Healthcare, Siemens AG, Toshiba Corp., Hologic corp., Omega Medical Imaging Inc., BMI Biomedical International, Hitachi Ltd., DMS Health Technologies, ATON GmbH, Medonica Co Ltd., Gemss Co Ltd., and Shimadzu Corp.

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