The Global Orthopedic Imaging Market is estimated to be valued at US$ 2,924.5 million in 2023 and is expected to exhibit a CAGR of 4.2 % during the forecast period (2023-2030).
Figure 1. Global Orthopedic Imaging Market Share (%), by Product Type, 2023
By Product Type, the market is segmented into X-Ray System, CT-Scanner, MRI System, EOS Imaging Systems, Ultrasound, Nuclear Imaging Systems. Out of which, the X-ray system segment is expected to hold a dominant position in the Global Orthopedic Imaging Market during the forecast period and this is attributed to being the simplest and most commonly used technique in the field of orthopedic imaging. By Indication, the market is segmented into acute disorders, chronic disorder and others. Out of which, the chronic disorder segment is expected to dominate the market over the forecast period and this is attributed to the increasing geriatric population worldwide. Chronic bone related disorders are mostly observed in elder population.
By End user, the market is segmented into Hospitals, Radiology Centers, Emergency Care Facility, Ambulatory Surgical Center. Out of which, the Hospital segment is expected to hold a dominant position in the global orthopedic imaging market during the forecast period and this is attributed to the increasing usage of orthopedic imaging techniques in hospitals.
Among all the segmentations, the product type segment has the highest potential due to the increasing research and development activities over the forecast period. The use of X-Ray System, CT-Scanner, MRI System has become an essential tool for diagnosis. Hence constant introduction of new product is carried out. For instance, on January 30, 2023 Avingtrans, a U.K.-based manufacturer of engineered components, systems and services company along with its associate Adaptix, a U.K. based medical imaging technology firm has received U.S. Food and Drug Administration (FDA) 510(k) clearance for its orthopedic medical imaging product, Digital Tomosynthesis Orthopedic imaging system.
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