Regional highlights
Americas:
Expansion of ambulatory surgery centres and office-based labs continues to fuel growth in the North American market. As clinical cases become more complex, the adoption of premium technology is expected to increase. However, the recent rise in system prices has temporarily impeded this progress. Healthcare providers in North America have been facing challenges due to inflation, which has had a negative impact on their investment.
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Latin America was negatively impacted by currency fluctuations and inflation hikes. Single-plane interventional X-ray systems are primarily being purchased due to budget restrictions.
EMEA:
Within the Western European market, Spain and Portugal contributed to the most growth driven by government investment in the replacement of aged fleets. Other Western European countries continued to face headwinds such as market maturity as well as the relative impact of inflation on capital expenditure.
As a result of healthcare investment being diverted to the military, as well as a weakened economy, the Russian market is predicted to experience a significant slowdown mid-term.
Minimally invasive treatments are gaining widespread acceptance in the Middle East, driving growth for the interventional and surgical X-ray market.
Asia Pacific:
The Chinese market offers a strong opportunity for 3D mobile C-arms due to the widespread acceptance of the enhanced navigational capabilities and clinical precision of 3D technology. Increased penetration of Hybrid Operating Rooms in this country is also anticipated, boosting interventional X-ray demand.
The Product Linked Incentive Scheme introduced by the Indian government is encouraging investment into locally manufactured fixed and mobile C-arms, strengthening the presence of local vendors.
The Japanese market has started to experience a slowdown because of the government’s supplementary budget coming to an end. This places pressure on domestic vendors such as Canon Medical and Shimadzu to expand their international business to offset the impact of weaker domestic demand.
Future outlook
As of now, the market forecast for interventional and surgical X-ray equipment looks encouraging in the short- to mid-term. However, there is some ease of demand in mature markets, particularly Western Europe. Revenue growth has been sustained in 2022, due to increased average selling prices caused by rising costs of components, manufacturing and transportation.
