Regional Analysis
Global Spinal Imaging Market- Regional Insights
- North America is expected to be the largest market for spinal imaging during the forecast period, accounting for over 40.1% of the market share in 2023. North America has dominated the global spinal imaging market for many years owing to high healthcare expenditure and widespread adoption of advanced spinal imaging technologies in the region. Majority of the key market players are headquartered in countries like the U.S. and Canada which has helped North America gain significant industry presence. Furthermore, North American countries have a large pool of skilled radiologists and neurologists who frequently rely on spinal imaging for diagnosing various spine-related conditions. The rising prevalence of degenerative disc diseases and spinal injuries has also propelled the demand for spinal imaging procedures in hospitals and diagnostic centers across the region.
- Asia Pacific is expected to be the second-largest market for spinal imaging, accounting for over 29.2% of the market share in 2023. Asia Pacific has emerged as the fastest growing regional market over the past decade driven predominantly by China and India. Significant improvements in healthcare infrastructure and increasing healthcare spending from private and public sources are helping more hospitals acquire state-of-the-art spinal imaging systems in Asia Pacific countries. In addition, growing medical tourism across Asia Pacific nations has encouraged local facilities to strengthen their diagnostic capabilities to cater to international patients. This has translated into higher import volumes of spinal MRI and CT scanners in the region. More importantly, expanding geriatric population base which is susceptible to age-related spinal disorders has boosted the need for diagnostic imaging tests. The gigantic patient population along with growing economy is likely to continue benefiting the spinal imaging landscape in Asia Pacific region in the foreseeable future. Rising affluence has also increased the affordability of spinal imaging scans among general population.
- Europe is expected to hold a promising market share of 17.7% during the forecast period. The spinal imaging market in Europe is witnessing growth due to an aging population, rising spinal disorders, and advancements in imaging technologies. Increasing awareness, improved healthcare infrastructure, and a focus on early diagnosis contribute to market expansion. Magnetic Resonance Imaging (MRI) and Computed Tomography (CT) scans dominate the sector, offering detailed insights into spinal conditions. The demand for minimally invasive procedures and a surge in spine-related surgeries further propel market growth. Key players in the region are investing in innovative imaging solutions, contributing to a competitive landscape.
| Geographies covered: |
- North America: U.S. and Canada
- Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
- Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
- Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
- Middle East: GCC Countries, Israel, and Rest of Middle East
- Africa: South Africa, North Africa, and Central Africa
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