Orthopaedic imaging equipment market to reach USD 14.6 billion by 2031

According to a recent study by Future Market Insights (FMI), the global orthopaedic imaging equipment market demand is expected reach US$ 9.8 Bn in 2021. Sales are expected to increase at a CAGR of around 4.0% over the forecast period (2021-2031).

The market for orthopaedic imaging equipment was estimated at $9.8 billion in 2021 and is anticipated to grow to $14.6 billion by 2031. The demand for orthopaedic diagnostic imaging is rising due to the rise in accidents and sports-related injuries resulting in fractures and bone injuries. Imaging techniques including computed tomography (CT or CAT), ultrasound, and magnetic resonance imaging (MRI) have created new therapeutic possibilities with minimal morbidity. Worldwide need for diagnostic tools has increased due to the rising prevalence of orthopaedic disorders such osteoporosis, arthritis, elbow discomfort, and others.

Orthopaedic imaging equipment is the medical imaging equipment used for bone scanning, implants scanning and is utilized for diagnosis purposes. Different imaging technologies such as X-rays, MRI, ultrasound, EOS and nuclear imaging are included in Orthopaedic imaging equipment.

Rising prevalence of Orthopaedic diseases and bone injuries, technological advancement in Orthopaedic imaging equipment devices, and rise in research and development activities by key manufacturers are factors driving the Orthopaedic imaging equipment market.

Numerous medical imaging modalities are currently enabling three-dimensional (3D) visualization with accuracy, and rapid diagnoses. Advancements in 3D imaging have led to development in computer-assisted detection (CAD) and image analysis applications. This is expected to boost the market for modality, primarily in tomographic imaging techniques.

Moreover, surgeons are using 3D imaging to plan surgeries, which has led to increased application of these systems. This is expected to increase the utilization of imaging equipment, especially across the U.S. and the U.K.

Consequently, these devices are also gaining high traction in Asia such as China and India due to growing demand for better health care infrastructure. Improving healthcare infrastructure and technological developments in these countries will increase the demand for 3D medical imaging equipment.

Key takeaways from orthopaedic imaging equipment study

• In terms of product type, the X-ray systems is expected to account for 28.0%, expanding at a CAGR of 3.3% during the forecasted period.
• By indication, the acute injuries segment will contribute over 56.6% of sales in the global Orthopaedic imaging equipment market.
• Hospitals and radiology centers will, collectively, account for 68.2% of the market share in 2021.
• With the advancements in technologies as well as the increasing geriatric population, North America held the largest share of over 30.5% in 2021.
• India and China are expected to lead the growth of South and East Asia in the global Orthopaedic imaging equipment market.

Orthopedic imaging equipment market by category
By product:

• X-ray systems
•  CT-scanner
• MRI systems
• 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

By end-user:

• Hospitals
• Radiology centers
• Emergency care facility
• Ambulatory surgical centers

By region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa (MEA)

Future Market Insights