FLUOROSCOPY DEVICES MARKET ANALYSIS

Fluoroscopy Devices MarketSize and Trends

The global fluoroscopy devices market was valued at US$ 4,436.3 MN in 2022 and is forecast to reach a value of US$ 6,242.3 Mn by 2028 at a CAGR of 5.9% between 2022 and 2028. The global fluoroscopy devices market is experiencing strong growth due to high prevalence of cardiovascular diseases and increase in geriatric population around the world. Moreover, increase in demand for fluoroscopy devices and rise in number of minimal invasive surgeries is expected to boost the growth of the market. However, factors such as side effects and the risk of radiation exposure and rise in adoption of refurbished fluoroscopy devices are expected to hamper growth of the market.

Figure 1. Global Fluoroscopy Devices Market Share (%), by Region, 2022

Global Fluoroscopy Devices Market Trends:

Rise in usage of fluoroscopy is a recent trend

With the introduction of advanced and effective fluoroscopy equipment, early diagnosis of heart diseases has become possible. In cardiac catheterization, fluoroscopy is used as an adjunct to help the doctor to see the flow of blood through the coronary arteries to evaluate the presence of arterial blockages. Thus, with the increase in burden of cardiovascular diseases, the use of or demand for fluoroscopy devices is also increasing. This trend is expected to continue over the forecast period, driving the growth of the fluoroscopy devices market.

Technological advancements is another trend

Technologies, such as artificial intelligence (AI), are transforming health systems. The present-day AI landscape has been merged with deep-learning and big data to increase predictability and precision. Moreover, ongoing researches on the fluoro-less future and the introduction of AI into fluoroscopic techniques. The use of technological advanced fluoroscopy devices is also increasing with a rapid pace, and this trend is expected to continue over the forecast period, driving the growth of the global fluoroscopy devices market.