Surgical Imaging Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)
Surgical Imaging Market Analysis:
1. The surgical imaging market is projected to experience a compound annual growth rate (CAGR) of 6.1% throughout the forecast period. The COVID-19 pandemic had a significant impact on the market, resulting in a decrease in medical imaging services due to concerns about contamination and the unavailability of certain imaging agents. According to a November 2021 article published in PubMed, the pandemic caused a substantial reduction in radiology imaging and procedures, with reductions varying depending on the location, imaging modality, and lockdown stage. However, as restrictions are lifted, the market is expected to recover due to advancements in surgical imaging techniques and the need for diagnostic imaging for chronic diseases.
2. The prevalence of chronic diseases requiring critical care diagnosis has risen over the last decade, resulting in an increase in laboratory and imaging testing for patients in surgical intensive care units. Cardiovascular disorders, in particular, are expected to drive demand for surgical imaging services, as they are prevalent and costly. According to the 2022 UK Factsheet by BHF, over 7.6 million people in the United Kingdom were living with heart and circulatory diseases as of August 2022, costing the nation over EUR 9 billion (USD 7.6 billion) annually. As a result, the surgical imaging market is expected to grow as demand for diagnostic imaging for chronic diseases increases.
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