United
States Orthopedic Imaging Modalities Market is expected to register an
impressive CAGR in the forecast period of 2024-2028. The United States Orthopedic
Imaging Modalities Market is growing on account of increasing incidences of
bone injuries and joint injuries across the country.
Rise
in incidences of road accidents or injuries resulting in bone injuries are driving
the Orthopedic Imaging Modalities Market in the forecast period, for
instance, According to the American Academy of Orthopedic Surgeons report (an
educational provider for programs for allied health professionals and orthopedic
surgeons), around 6.8 million patients suffering from distinct orthopedic
diseases seek medical attention in the US each year.
Additionally,
other factors such as growing incidences of orthopedic diseases, growing
advancement in technology and imaging systems, rising cases of joint
replacement surgery are leading the market growth and creating lucrative opportunities
for supporting the market in the forecast period.
Growing
Incidence of Bone Injuries and Orthopedic Diseases
The
growing incidences of orthopedic diseases such as arthritis, osteoporosis,
elbow pain etc. has increased the demand for diagnosis and diagnostic imaging
equipment across the country. Imaging techniques such as Ultrasound, Magnetic
Resonance Imaging (MRI), Computed Tomography (CT scan) have found increased
application due to increased injuries and orthopedic diseases. According to
the US Centers for Diseases Control and Prevention (CDC), approximately 72
million people are expected to suffer from arthritis in the US, by 2030. This
increase in the arthritis prevalence in turn is expected to propel the US Orthopedic
Imaging Modalities Market in the forecast period. Moreover, there has been an increase
in road accidents across the country resulting in bone fractures and
injuries and is thus indirectly supporting market growth and is anticipated to
do the same in the forecast period.
The Increase
in Technological Advancements in Imaging
The
increasing demand for orthopedic Imaging leads to the development of advanced
3-D imaging, and updated software modelling of the imaging field required. Orthopedic
Imaging equipment such as X-rays, MRI, Ultrasounds, nuclear imaging, etc. are
used for bone scanning, scanning in cases implants and is used for the
diagnosis processes. The 3-D imaging provides visualization with precision,
accuracy and quick diagnosis alongwith the development of applications such as
Computer-assisted Detection (CAD) and other image analysis applications and is
expected to bolster the market growth in the modality especially growth in the
tomographic imaging techniques.
The Growing
Number of Joint Replacement Surgeries
Healthcare
professionals such as orthopedic surgeons across the country are utilizing the imaging
techniques such as 3 D imaging while planning surgeries, to perform accurate
diagnosis and it has increased the demand for orthopedic imaging modalities in
the US. According to the American Joint Replacement Registry (AJRR), the
largest orthopedic registry in the world, in 2021, over 2.2 million hips and
knee procedures were performed over 1,150 hospitals, ambulatory surgery centers
(ASCs), and other private practice groups that submitted data across all 50
states and district of Columbia. The increased number of surgeries, and hip
and knee procedures in the US are creating market growth and opportunities and
are expected to supporting the market in the coming years
Growing
Geriatric Population Suffering Bone Injuries
Additionally, the rising geriatric population
in the country is contributing to the market as there is an increased cases of bone
injuries and joint replacement experienced in the elderly. The geriatric
population due to increased cases of falls, weak bones experiences increased
risk of bone injuries, for instance, according to the National Trauma
Database, the elderly population that is aged around 65 and above account for
approximate a quarter of all trauma patients in the United States. This
leads to an increased demand for the US orthopedic imaging modalities market
and is expected to propel the market growth in the coming years. Moreover, the
growing sedentary lifestyle and obesity has led to the development of musculoskeletal diseases among the youth at an
early stage and is thus expected to support the growth of the market.
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Market
Segmentation
United States Orthopedic Imaging Modalities
Market is segmented based on Application, Modality, End User, region and
competitive landscape. Based on Application, the market is segmented into Hip,
Knee, Spine, Other Extremities. Depending on the Modality, the market is
segmented into X-Ray, Computed Tomography (CT) Scanners, Magnetic Resonance
Imaging (MRI) Systems, Ultrasound Systems. Based on End User, the market is
segmented into Hospitals, Ambulatory Surgery Centers, and Others.
Market
Players
FUJIFILM
Holdings Corporation, Canon Inc., General Electric Company, Johnson &
Johnson, Konica Minolta, Inc., Koninklijke Philips N.V., Smith & Nephew plc, Shimadzu Corporation, OrthAlign,
Inc., Medtronic plc,etc., are some of the major players operating in the United
States Orthopedic Imaging Modalities Market.
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Attribute
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Details
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Base Year
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2022
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Historical Years
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2018 – 2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million and CAGR for 2018-2022 and 2023-2028
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Report Coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments Covered
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Application
Modality
End User
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Country Scope
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Northeast Region, Midwest Region, South Region, West Region
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Key Companies Profiled
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FUJIFILM
Holdings Corporation, Canon Inc., General Electric Company, Johnson &
Johnson, Konica Minolta, Inc., Koninklijke Philips N.V., Smith & Nephew
plc, Shimadzu Corporation, OrthAlign, Inc., Medtronic plc.
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Customization Scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and Purchase Options
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Avail customized purchase options to meet your exact research
needs. Explore purchase
options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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Report Scope:
In this report, United States
Orthopedic Imaging Modalities Market has been segmented into following
categories, in addition to the industry trends which have also been detailed
below:
·
United States Orthopedic
Imaging Modalities
Market, By Application:
o
Hip
o
Knee,
o
Spine
o
Other
Extremities
·
United States Orthopedic Imaging Modalities Market,
By Modality:
o X-Ray
o Computed Tomography (CT) Scanners
o Magnetic Resonance Imaging (MRI)
Systems
o Ultrasound Systems
·
United
States Orthopedic Imaging Modalities Market, By End User:
o Hospitals
o Ambulatory Surgery Centers
o Others
·
United
States Orthopedic Imaging Modalities Market, By Region:
o Northeast Region
o Midwest Region
o South Region
o West Region.
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in the United States Orthopedic Imaging
Modalities Market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The following
customization options are available for the report:
Company Information
·
Detailed
analysis and profiling of additional Market players (up to five).