Digital Fluoroscopy System MarketRegional Analysis:-
North America is expected to leadDigitalFluoroscopy System Market due to high prevalence of medical conditions suchas varicose veins, pulmonary embolism, peripheral artery disease, and pulmonaryembolism. According to a study conducted by Center for Disease Control andPrevention (CDC), in 2016, more than 8.5 million people in U.S. are sufferingfrom peripheral artery disease, out of which more than 12% are geriatricpopulation. According to a survey conducted by National Institute of Health(NIH), in 2016, more than 40 million people in the U.S. are diagnosed withvaricose veins. Such high prevalence of diseases can drive growth of the NorthAmerica digital fluoroscopy system market as digital fluoroscopy system is usedfor diagnosis of these diseases.
Europe digital fluoroscopy systemmarket is expected to witness significant growth due to launch of innovativedigital fluoroscopy systems. For instance, in 2015, Koninklijke Philips N.V.launched ProxiDiagnost N90 DRF system. This device is a two in one digitalradiography and fluoroscopy system, which provides high quality images withfast supporting workflow and increases room utilization. This system also giveshigh patient accessibility i.e. the system has small footprint area, openoverhead table and area this enables technicians and caregivers to be close tothe patient during the procedures causing no hindrance. Moreover, in February,2019, Siemens Healthineers (Germany) launched the Artis icono biplane, a newinterventional angiography systems. This new product line is intended tosupport both radiology and cardiology interventional procedures using a noveldetector positioning design.
Digital fluoroscopy is form ofX-ray that enables technician to visualize deep structures of the body. Digitalfluoroscopy provides detailed images of different organs such as intestine,cardiac muscle, bladder, and stomach. Conventional X-ray records images to a film,while digital fluoroscopy helps in recording a series of images to thecomputer. Digital fluoroscopy is majorly used to check and evaluate thegastrointestinal tract, which includes stomach, esophagus, duodenum and thecolon.
Furthermore, it is used to diagnosetumors, ulcers, hiatal hernias, scarring, reflux, inflammation, and blockages.It examines and evaluates kidney function in venography and angiographyprocedures (placement of tubes in veins and arteries) and pain managementprocedures (nerve root blocks). Procedures that use fluoroscopy are orthopedicsurgery, podiatric surgery, angiography, placement of Peripherally InsertedCentral Catheter (PICC), placement of weighted feeding tube in the duodenum,urological surgery, cardiology, discography, lumbar puncture, and modifiedbarium swallow study.
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Digital Fluoroscopy System MarketDynamics:-
Increasing number of orthopedicsurgeries and angiography are major drivers for growth of global digitalfluoroscopy system market. According to a survey conducted by American Academyof orthopedic surgeons, in 2014, more than six million patients were reportedfor knee replacement surgeries, more than three million patients were reportedfor hip replacement surgeries and more than four million patients were reportedfor spinal fusion surgeries.
Moreover, innovation influoroscopy devices is expected to fuel digital fluoroscopy system marketgrowth. For instance, in 2015, Care Stream Health Corporation launchedCarestream DRX Excel and Carestream DRX Excel Plus, this devices enhanceworkflow using fluoroscopy. These devices records both fluoroscopy and radiographysequences. Approvals of new products by regulatory bodies are also drivinggrowth of the digital fluoroscopy system market size. For instance, in April2018, Afga Healthcare received Food and Drug Administration (FDA) approval forDR multipurpose imaging system. It is a solution for digital radiography,digital fluoroscopy, and advanced clinical applications such as use of imageprocessing software ‘DYNAMIC MUSICA’ for both static and dynamic (moving)images.
Furthermore, mergers andacquisitions by key players are boosting growth of the digital fluoroscopysystem market. For instance, in 2016, Canon Inc. acquired Toshiba’s MedicalEquipment Unit. Canon is focused on developing new medical imaging, digitalradiography, and fluoroscopy solutions along with Health IT software solutions.
Collaborative agreement by keyplayers for service expansion is expected to drive digital fluoroscopy systemmarket growth. For instance, in 2015, GE Healthcare entered into a 7-yearcollaborative agreement with Temple University Health System to expandradiology-based services. This initiative was also undertaken to addresschallenges pertaining to market competition, cost control and patient outcomes.
High cost of devices and novelprocedures in pipeline, which may provide better result than fluoroscopy arerestraining growth of the digital fluoroscopy system market. For instance,endoscopic retrograde cholangioscopy procedure using spy glass rather thandigital fluoroscopy to detect bile duct stones has completed phase threeclinical trials in 2017, this is sponsored by Boston Scientific Corporation, a leadingmedical device company.
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In addition, in February 2019,Royal Philips launched Philips Zenition, its new mobile C-arm imaging platform.Mobile C-arms are X-ray systems that are brought into the operating room (OR)to provide live image guidance during a wide range of surgeries includingorthopedic, trauma and vascular procedures
Moreover, Asia Pacific digitalfluoroscopy system market is expected to grow at significant rate due toadvancement in digital fluoroscopy equipment i.e. C arms and innovation intechnology of digital fluoroscopy systems. For instance, in 2016, ToshibaCorporation launched Infinix-i sky and double sliding C arm. This device helpsC arms to be positioned in many ways to perform all procedures with ease. Ithelps the clinicians increase their speed, coverage, and patient access.
Digital Fluoroscopy System MarketKey Players:-
Key players operating in globaldigital fluoroscopy system market include Philips Healthcare, GE Healthcare,Siemens Health, Toshiba Medical Systems, Shimadzu Medical, Ziehm Imaging,Hitachi Medical Systems, Orthoscan Inc. and Hologic Corporation.
In January 2016, Shimadzureleased the Xslicer SMX-6000 Microfocus X-Ray Inspection System. This was thefirst System from Shimadzu that Integrated Inclined Fluoroscopy and CT Imaginginto a Single Package. Besids, in October 2015, Siemens Healthcare introducedfirst Twin Robotic X-Ray system. This Twin Robotic X-Ray system enables a widevariety of examinations in a range of clinical areas to be performed using onlya single X-ray system. In addition to this, the system also makes it possibleto perform fluoroscopy examinations.
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