Fluoroscopy Equipment Market – Top 3 Players and there Market Growth
The advantages of FPDs over image intensifiers, the use of fluoroscopy in pain management, reimbursement cuts for analog radiography systems, rising geriatric population, growing prevalence of chronic diseases, and awareness programs, conferences, and funding activities.
The global Fluoroscopy Equipment market size is projected to reach USD 7.1 billion by 2024 from USD 5.7 billion in 2019, at a CAGR of 4.4%.
Siemens Healthineers (Germany), GE Healthcare (US), Philips (Netherlands), Shimadzu Corporation (Japan), Ziehm Imaging (Germany), Canon Medical Systems (Japan), Hitachi (Japan), Carestream Health (US), Hologic (US), Lepu Medical Technology (China), Agfa-Gevaert Group (Belgium), and ADANI Systems (Belarus) are some key players in this market. These companies are focusing on increasing their presence in the high-growth markets through both organic as well as inorganic growth strategies such as product launches, acquisitions, and expansions.
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“In 2018, Siemens Healthineers dominated the fluoroscopy equipment market”
The company offers a comprehensive range of fluoroscopy systems, including remote-controlled systems, conventional or patient side-controlled systems, robotic systems, and mobile C-arms. To maintain its leading position and increase its customer base in the fluoroscopy equipment market, the company mainly focuses on strategic partnerships with hospitals and other healthcare organizations. During 2016-2019, the company partnered with various hospitals in the US, the UK, India, and Chile, to offer its services and imaging systems.
“GE Healthcare (US) held the second position in the fluoroscopy equipment market in 2018”
The company offers an extensive portfolio of more than 20 fluoroscopy systems under various categories like R/F (Radiography/Fluoroscopy) systems, fluoroscopy systems, and C-arms. The company’s OEC range of C-arms is very popular among end users. The company’s stronghold in this market is primarily attributed to its continuous focus on customer base relationship.
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