As per our report, the size of the global C-arms market was worth USD 3.32 billion in 2021. This value is estimated to be growing at a CAGR of 3.86% and will reach USD 4.02 billion by 2026.
C-arms are advanced imaging devices and work on the X-ray technology principle. These were invented in 1955, and since then, the industry of C-arms is significantly evolving. These devices are extensively used in the areas such as surgery, orthopedics, traumatology, vascular surgery, and cardiology during routine procedures. C-arms have now become a necessary technology to have in almost all well-equipped hospitals.
MARKET DRIVERS:
Y-O-Y growth in the incidence of chronic diseases worldwide coupled with rising geriatric population drives significant growth to the global C-arms market.
At a global level, the market for C-arms is projected to experience exponential growth during the forecast period. Rising chronic diseases around the globe is a significant factor in driving the global C-arms market growth. According to the World Health Organization (WHO), chronic diseases are increasing at a significant pace globally, which is estimated to favor the C-arms the market to grow next level. The growing aging population across the globe is another major factor fuelling the growth of the market. According to the United Nations, the older population is projected to reach 2.1 billion by 2050. The increase in the aging population is expected to reflect in the market growth. Areas such as pain management, arthrography, and cardiac catheterization are also widely using C-arms in their medical procedures, which is expected to raise the market demand. The key manufacturers of C-arms concentrate on R & D activities to bring better treatment quality changes and diagnostic procedures, which are further estimated to accelerate the global C-Arms market growth.
Furthermore, the shifting trend towards minimally invasive surgical procedures, growing prevalence for quality treatment procedures at any cost is also escalating the C-arms market growth. Increasing demand for high-resolution x-ray images to properly view real-time is another factor accelerating the market. Besides, these devices are highly effective in performing complicated operations with ease, allowing patients to have a speedy recovery and elevating the market's growth.
MARKET RESTRAINTS:
However, the cost of installing and maintaining the devices requires massive amounts, and the lack of skilled physicians in monitoring the systems and performing work relatively is slowly hampering the growth of the c-arms market. The rise in risk factors for emergency cases due to lack of time remains a challenging factor for the market to grow.
Impact of COVID-19 on the global C-arms market:
The novel coronavirus (COVID 19) has affected all the business sectors, including the medical sector. The outbreak has spread to nearly 160 countries across the globe. The worldwide governments have imposed lockdown due to the pandemic crisis. All the hospital doors were temporarily closed for non-emergency incidences throughout the lockdown, and all the elective procedures were canceled or postponed. The sudden eruption of COVID 19 has negatively impacted the C-Arms market and has resulted in decreased capital expenditure in c-arms x-ray systems. A decline of 16.3% was observed in the c-arms in 2020. By the end of 2020 and the start of 2021, the demand for the imaging systems like C-arms is expected to see a rise.
REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2021 to 2026 |
|
Base Year |
2020 |
|
Forecast Period |
2021 to 2026 |
|
Segments Analysed |
By Device Type, Application, and Region |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Analysed |
North America, Europe, Asia Pacific, Latin America, Middle East, and Africa |
This research report on the Global C-Arms Market has been segmented and sub-segmented based on the device type, application, and region.
C-Arms Market – By Device Type:
Based on the type, Mobile C-arms holds the highest shares of the market in recent years and continues the same growth rate in foreseen years. Increasing awareness over the utilization of devices effectively with the rise in the training institutes is escalating the growth of the market to the extent. The introduction of specially designed devices that are highly convenient to perform complex tasks is leveling up the market demand. Also, growing research and development to improve the quality of treatment and diagnosis procedures elevate the growth of the market in this segment.
C-Arms Market – By Application:
Based on application, the cardiology application type is holding dominant shares of the market. The rise in the incidences of cardiovascular problems and the increasing success rate of open-heart surgeries are prompting the market demand. Also, the rise in healthcare expenditure, especially in urban areas, is likely to outshine the growth of the C-arms market.
C-Arms Market – By Region:
Regionally, the North American region is witnessed in holding the highest shares of the global C-arms market owing to the quick adoption of advanced technology. The introduction of various products in the medical sector is also leveraging the growth of the market.
Europe is following North America in holding dominant shares of the market. Growing investments in healthcare centers by the government are focused on expanding the market shares in this region.
The Asia Pacific is accounted for in having the fastest growth rate from the past decade and is also estimated to hit the highest CAGR in the coming years. The increasing elderly population is a common factor gearing up the growth of the market.
The Middle East and Africa are deemed to have growth opportunities in the review period.
KEY MARKET PARTICIPANTS:
Noteworthy companies in the Global C-Arms Market profiled in the report are GE Healthcare Inc., Varian Medical Systems Inc., Philips Healthcare, Siemens AG, Toshiba Corp, Hologic corp, Omega Medical Imaging Inc., BMI Biomedical International, Hitachi Ltd, DMS Health Technologies, ATON GmbH, Medonica Co Ltd, Gemss Co Ltd, and Shimadzu Corp.
RECENT MARKET DEVELOPMENTS:
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Device type
5.1.1 Introduction
5.1.2 Fixed C-Arms
5.1.3 Mobile C-Arms
5.1.3.1 Mini C-Arms
5.1.3.2 Full-Size C-Arms
5.1.4 Y-o-Y Growth Analysis, By Device type
5.1.5 Market Attractiveness Analysis, By Device type
5.1.6 Market Share Analysis, By Device type
5.2 Application
5.2.1 Introduction
5.2.2 Cardiovascular
5.2.3 Neurology
5.2.4 Urology
5.2.5 Orthopaedic
5.2.6 Pain Management and Trauma
5.2.7 Gastrointestinal
5.2.8 General Surgery
5.2.9 Y-o-Y Growth Analysis, By Application
5.2.10 Market Attractiveness Analysis, By Application
5.2.11 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Device type
6.1.3.3 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Device type
6.1.4.3 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Device type
6.1.5.3 By Application
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 GE Healthcare Inc.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Varian Medical Systems Inc.
8.3 Philips Healthcare
8.4 Siemens AG
8.5 Toshiba Corp.
8.6 Hologic corp.
8.7 Omega Medical Imaging Inc.
8.8 BMI Biomedical International
8.9 Hitachi Ltd.
8.10 DMS Health Technologies
8.11 ATON GmbH
8.12 Medonica Co Ltd.
8.13 Gemss Co Ltd.
8.14 Shimadzu Corp
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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