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GLOBAL SPINAL IMAGING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global Spinal Imaging Market, By Product (X-ray, CT, MRI, Ultrasound), By Application (Spinal Infection, Vertebral Fractures, Spinal Cancer, Spinal Cord & Nerve Compressions), By End Use (Hospital, Diagnostic Imaging Center, Ambulatory Care Center), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

  • Published In : Feb 2024
  • Code : CMI6619
  • Pages :152
  • Formats :
      Excel and PDF
  • Industry : Medical Imaging

Global Spinal Imaging Market Size and Trends

The global spinal imaging Market size was valued at US$ 2.10 Bn in 2023 and is expected to reach US$ 3.19 Bn by 2031, growing at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.

Global Spinal Imaging Market- Trends

  • Artificial Intelligence in medical imaging: The growing application of artificial intelligence (AI) in medical imaging is positively impacting the spinal imaging market. AI tools are allowing radiologists and clinicians to more efficiently analyze the vast amount of data generated from imaging exams like MRI and CT scans of the spine. By leveraging technologies like deep learning algorithms, AI systems can rapidly scan images and identify areas that indicate potential abnormalities or issues. This affords clinicians more time to dedicate to diagnosing conditions and personalizing treatment plans for patients rather than spending countless hours poring over images. AI is especially valuable for streamlining the detection of common spinal issues like herniated discs, spinal stenosis, fractures and other problems. For example, a study by the National Institutes of Health found that an AI platform could reliably detect herniated discs in lumbar MRI scans with 97% accuracy, outperforming unaided clinicians.
  • Point-of-care ultrasound devices: The point-of-care ultrasound devices trend is having a major impact on the spinal imaging market. POCUS technology is becoming increasingly portable and affordable, allowing physicians to quickly examine the spine without needing to schedule expensive MRI or CT scans. This has significantly changed clinical workflows and decision making around spinal issues. Where previously a primary care physician may have immediately referred patients with suspected spinal problems for further scans and specialist consultations, they can now get a preliminary picture of the spine using a POCUS device in the clinic. This helps rule out serious issues or guide more targeted scans. As such, POCUS is helping reduce unnecessary advanced scans and referrals in some cases. It also facilitates faster diagnosis and treatment planning compared to scheduling an MRI.

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