The global spinal imaging market is comprised of advanced medical devices used for the diagnosis of spinal disorders through imaging techniques. Spinal imaging allows doctors to visualize the spine and diagnose conditions affecting it through modalities such as X-rays, CT scans, MRI scans and myelograms. Advantages include a non-invasive examination of the spine to detect abnormalities in the vertebrae, discs, nerves and soft tissues without harming the patient's body. With a rising prevalence of spinal disorders like spondylitis, scoliosis and spinal injuries due to changing lifestyles and increased stress levels, demand for spinal imaging for early diagnosis is increasing globally.
The Global spinal imaging market is estimated to be valued at US$ 2.10 Bn in 2024 and is expected to exhibit a CAGR of 5.4% over the forecast period from 2024 to 2031.
Key Takeaways
Key players operating in the Global Spinal Imaging Market Growth are Shimadzu Corp., FUJIFILM, Hitachi, Ltd., Toshiba Medical Systems, Inc., GE Healthcare, Koninklijke Philips N.V., Siemens Healthineers, Canon Medical Systems Corp., Bruker, and Mediso Ltd. These players are focusing on new product launches and innovation to offer enhanced devices with improved image quality.
The growing geriatric population suffering from spinal disorders and rising incidence of spinal injuries present significant growth opportunities.
Increasing investments by key players in emerging regions will help drive the global expansion of the spinal imaging market during the forecast period.
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