By region, the study segments the market into North America, Europe, Asia-Pacific, and the rest of the world. In North America, the fluoroscopy equipment market held the largest market share in 2022 due to the presence of major players in the US such as General Electric Company (US) and Hologic Inc. (US). In addition, technological innovation and high healthcare expenditure foster market growth. Additionally, the growing number of neurological disorders, such as brain tumors among others, is also expected to boost market growth.
For instance, according to the National Brain Tumor Society (NBTS), primary brain tumor affects around 700,000 people in the US, and 88,970 more diagnosed in 2022. Hence, the presence of major players in the region and increasing incidences of neurological disorders are fostering the North America fluoroscopy equipment market growth.
Further, the major countries studied are: The US, Canada, France, Germany, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
FIGURE 3: FLUOROSCOPY EQUIPMENT MARKET, BY REGION, 2022 & 2032 (USD BILLION)
Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review
The Europe fluoroscopy equipment market accounted for the second-largest market share due to the increasing prevalence of chronic diseases and the rising aging population. As the elderly population grows, the incidence of conditions like cardiovascular diseases, orthopedic issues, and gastrointestinal disorders increases, necessitating the use of fluoroscopy for accurate diagnoses and effective treatments. For instance, according to Eurostat, the population of individuals aged 65 years and above is approximately 90.5 million in 2019 and is projected to reach nearly 129.8 million by 2050. Moreover, the emphasis on radiation dose reduction is a prominent trend in the market.
Regulatory bodies and healthcare professionals are focusing on minimizing patient and staff radiation exposure during procedures. This has led to the development of advanced imaging technologies that provide high-quality images with lower radiation doses, contributing to the market's growth. Furthermore, the Germany fluoroscopy equipment market held the largest market in 2022, and the UK fluoroscopy equipment market is projected to be the fastest-growing market in the Europe region.
The Asia-Pacific fluoroscopy equipment market is the fastest growing region from 2025 to 2034, owing to the rapid expansion of healthcare infrastructure in the region and the rising burden of non-communicable diseases such as cardiovascular diseases, cancer, & orthopedic disorders in Asia-Pacific countries. Additionally, the demand for minimally invasive procedures is on the rise, as patients and healthcare providers seek alternatives to traditional surgical methods.
Fluoroscopy's role in guiding such procedures is contributing to market growth. Moreover, the Japan fluoroscopy equipment market accounted for the largest market share in 2022, and the India fluoroscopy equipment market is projected to be the fastest-growing market in the Asia-Pacific region.
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