The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the global Image Guided Therapy market. In addition, complete analysis of changes on the global image guided therapy market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. In terms of supply and demand, the pandemic has a negative impact on the image guided therapy market. As a result, during this epidemic, the global image guided therapy market is expected to experience a slowdown.

MARKET OVERVIEW- IMAGE GUIDED THERAPY MARKET 

MARKET DRIVERS

The global image guided therapy market is witnessing lucrative growth during the forecast period of 2022-2028. The increased burden of chronic diseases, coupled with a rise in the number of initiatives for cancer radiotherapy, is also positively impacting the market growth. The market players are focused on developing remote solutions, such as cloud-based training on virtual machines, amid the COVID crisis to provide remote guidance and support to the patients. The growing preference for minimally invasive therapies is also propelling the market growth. According to the national survey study conducted by Johns Hopkins Medicine in 2015, the use of minimally invasive surgeries for certain common procedures can reduce postoperative complications and can also control healthcare costs. This are the driving factors which is expected to increase the global image guided therapy market during the forecast period. 

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MARKET OPPORTUNITIES

MRI-guided therapy system has high growth opportunities in the market. Technological advancements and the wide application range of these therapies in treatment planning, localization and delivery, and treatment response assessment are the key factors responsible for the segment growth. This factor is expected to increase the market opportunity in the market. 

MARKET RESTRAINTS 

The major market restrain is the consumption of plant-based dairy products has been increased owing to the absence of lactose and cholesterol in the dairy products, which makes the products suitable for a group of population suffering from heart disease and lactose intolerance and in general for all. 

MARKET GROWTH CHALLENGES

The market growth challenge are the high costs involved in adapting to new technologies, production, have restricted image guided therapy from improving their operations. Moreover, the strict regulations of processes might further challenge the growth of the image guided therapy market in during the forecast period.

CUMULATIVE GROWTH ANALYSIS

The report provides in-depth analysis of global image guided therapy market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With increasing demand for various image guided therapy in various applications has led the increasing demand for market and is expected to witness the growth at a specific CAGR from 2022-2028. 

MARKET SEGMENTAL OVERVIEW 

The Image Guided Therapy market is bifurcated into product type, end use, application and geography.

IMAGE GUIDED THERAPY MARKET BY PRODUCT TYPE

Based product type, the image guided therapy market is segmented into Ultrasound Systems, Computed Tomography (CT) Scanners, Positron Emission Tomography (PET), Endoscopes, Magnetic Resonance Imaging (MRI), X-ray Fluoroscopy, Single Photon Emission Computed Tomography. Endoscopes segment is expected to increase the market during the forecast period. Increased adoption of robot-assisted endoscopic surgeries and the high cost of the systems are the factors for market growth. 

IMAGE GUIDED THERAPY MARKET BY END USE 

Based on end use, the image guided therapy market is bifurcated into Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Research Academic Institutions Hospitals segment is expected to dominate the market during the forecast period. The increased number of various surgeries and high adoption of image-guided therapy systems in hospitals are the primary factors driving the segment. Hospitals are adopting these systems owing to the increasing need for cost-effectively optimizing clinical workflows. 

IMAGE GUIDED THERAPY MARKET BY APPLICATION

Based on application, the image guided therapy market is categorized into Cardiac Surgery, Neurosurgery, Orthopedic Surgery, Urology, Oncology Surgery, Gastroenterology, Others. Cardiac surgery segment is the dominant in image guided therapy market. Rise in the geriatric population, coupled with the increasing burden of such diseases, is the major factor contributing to the segment growth. 

IMAGE GUIDED THERAPY MARKET BY GEOGRAPHY 

The global image guided therapy market is studied for key countries such as North America, Europe, Asia Pacific and Rest of the World. The North America is anticipated as fastest growing region of the market in during the forecast period. Improved healthcare infrastructure, technological advancements, and quick adoption of advanced radiation therapies are the factors fueling the growth of this market. The growing geriatric population base, coupled with the rising cases of chronic diseases, is also contributing to the regional market growth. Addition to this favourable initiatives undertaken by private companies in the field of minimally invasive interventional and surgical techniques are expected to boost market expansion during the forecast period.

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