Orthopedic Imaging Market, by Product Type (X-Ray System, CT-Scanner, MRI System, EOS Imaging Systems, Ultrasound, Nuclear Imaging Systems), By Indication (Acute injuries (Sports injuries, Trauma cases), Chronic Disorders (Osteoarthritis, Osteoporosis, Prolapsed Disc, Degenerative joint diseases), Others), End User (Hospitals, Radiology Centers, Emergency Care Facility, Ambulatory Surgical Center),and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : May 2023

Code : CMI3533

Pages :158

Formats :

Excel and PDF

Industry : Medical Imaging

Market Challenges And Opportunities

Global Orthopedic Imaging Market – Driver

Increasing prevalence of osteoarthritis

The number of people suffering from osteoarthritis is increasing day by day. This results into more demand for diagnostic and treatment technology. Hence, the increasing prevalence of osteoarthritis is expected to boost the growth of market in forecast period. For instance, according to data published by the World Health Organization on July 14, 2022, approximately 1.71 billion people have musculoskeletal conditions worldwide. Musculoskeletal conditions are the leading contributor to disability worldwide, with low back pain being the single leading cause of disability in 160 countries. High-income countries are the most affected in terms of number of people which is 441 million followed by countries in the WHO Western Pacific Region with 427 million and South-East Asia Region with 369 million. Musculoskeletal conditions are also the biggest contributor to years lived with disability (YLDs) worldwide with approximately 149 million YLDs, accounting for 17% of all YLDs worldwide.

Global Orthopedic Imaging Market: Restraint

High cost of medical equipment and setups

The market is mainly being hindered due to high costs of the medical equipment. The cost of using medical equipment and its services is usually passed onto the patients in the form of steep usage fees. Also high cost is involved in setup and maintenance of the medical devices. This might discourage those who do not have enough disposable income to make use of the equipment. This ultimately results in hindering the market’s growth. For instance, as per article published in LBN Medical on December 2, 2022, the cost of magnetic resonance imaging scanners ranges from US$ 329- US$ 768. Extra cost comes in the form of installation and warranty. Cost of spare parts, and a device specific cost also adds up to total cost. For example, if a helium-cooled MRI is to be purchased, additional costs for helium are needed to pay.