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Image Guided Surgery Devices Market to Reach $4.8B in 2022
December 2, 2015 | Transparency Market ResearchEstimated reading time: 2 minutes
The global image guided surgery devices market is progressing at a CAGR of 6.40% within a forecast period from 2014 to 2022. The market’s value in 2013 was US$2.7 bn and is expected to grow to US$4.8 bn by the end of 2022, as given in a market research report released by Transparency Market Research. The report, titled “Image Guided Surgery Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 -2022”, provides extensive details on the market for the given forecast period.
Details in the report reveal the primary driver of the global image guided surgery devices market to be the advantages provided by the surgical procedure itself. These include a drastic reduction in the time of surgery, reduction in surgery scars, and a rapid post-surgery healing rate. The market is also backed by the growing number of incidents of physical trauma, neural diseases, and orthopedic issues that require surgical intervention.
Based on application, the global image guided surgery devices market was dominated by the neurosurgery applications segment in 2013. The segment led the global image guided surgery devices market owing to the minimal risk of damage caused to non-surgical brain sites and a greatly heightened level of operating accuracy. The orthopedic surgery application segment, on the other hand, is expected to expand at a 7.0% CAGR between 2014 and 2022, which is the fastest growth rate among the applications segments. This segment is growing due to an increasing geriatric population.
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