Spinal Imaging Market Report, By Product (X-ray, MRI, CT and Ultrasound), Application (Spinal Infection, Vertebral Fractures, Spinal Cancer and Spinal Cord & Nerve Compressions), End Use (Hospitals. Diagnostic Imaging Centers and Ambulatory Care Centers) and Geography - Global market share, Trend Analysis and Forecast

Spinal Imaging is a sub-group of Radiology and covers a range of services which capture images of spinal alignment. Imaging technology is an important part of the diagnosis and management of spinal trauma. Imaging plays an important role in the evaluation of acute and chronic spinal injury. The various spinal imaging products utilised in spinal imaging includes X-ray, MRI, CT and Ultrasound.  Spinal cord and soft-tissue injuries are best evaluated by magnetic resonance imaging (MRI), whereas spinal fractures are better characterized by computed tomography (CT). Vascular injuries can be evaluated using CT or MR angiography. 

Spinal Imaging Market Driving Factors 

Various factors stand responsible for the growth of the global spinal imaging market including the growing awareness about health and various government initiatives to spread awareness about the same.  Increase in ageing populace have resulted in surge the list of problems associated with them. Problems such as heart diseases, weak bones, and kidney problems start showing in geriatric and the bariatric population. Besides this, the number of road accidents, sports injuries and other such instances are also adding boost to the global spinal imaging market. This, coupled with the number of incidents that are non-traumatic such as spinal stenosis, multiple sclerosis and cancer osteoporosis spinal tumors, are expected to promote growth of spinal devices in the future market.

Spinal Imaging Market Challenging Factors 

The spinal imaging market may be restricted on account of high diagnostic costs, high cost of installation and maintenance of these devices. Besides, the lack of adequate and skilled professionals in this field may hamper the growth of the spinal imaging market during the forecast duration. This accompanied by lack of awareness about treatment of spinal cord injury may restrict the market’s growth in future. 

COVID- 19 Impact on Spinal Imaging Market 

The global economic growth was weak but stabilizing until the coronavirus Covid-19 hit. Restrictions on movement of people, goods and services, and containment measures such as factory closures across the world have cut manufacturing and domestic demand sharply. The impact on all over the world through business travel and tourism, supply chains, commodities and lower confidence is growing. While the need for diagnosis has increased during this pandemic, radiology imaging sector has taken a hit. This is owing to the fact that medical imaging devices are priced exorbitantly, and so are the higher prices for respective medical imaging tests. In addition to this, the industry has experienced turbulence as processing of past. Additionally, the footfall in clinics and hospitals, across the globe has also shrink by more than 80%. orders has also been impacted owing to delayed manufacturing, shipment, and payment. Having said this the demand and usage of POC devices has increased steeply. Manufacturers are therefore focusing on capitalizing POC devices and digital solutions that can enable imaging at patient locations.

Spinal Imaging Market Segmental Highlights

• Based on the product, the Spinal imaging market is categorised into X-ray, CT, MRI and Ultrasound. CT segment is further categorised into Myelogram, Discogram X-ray (without contrast media). Magnetic resonance imaging (MRI) is a diagnostic procedure that uses a combination of a large magnet, radiofrequencies, and a computer to produce detailed images of organs and structures within the body. Unlike X-rays or computed tomography (CT scans), MRI does not use ionizing radiation.
• Spinal imaging finds major application in spinal infection, vertebral fractures, spinal cancer and spinal cord & nerve compressions. Vertebral compression fracture (VCF) generally occurs when the block-like part of a single bone of the spine (vertebra) is compressed due to trauma. Vertebral implants are used in the treatment of compression fractures of the spine as they stabilize the fracture and ease pain
• The major end users of the market includes hospitals, diagnostic imaging centers and ambulatory care centers etc. Among various end user, hospital emerged as dominant segment owing to the high demand for technologically advanced medical equipment that can contribute to the increased satisfaction level of patients along with reduced discomfort. 
• Geographically, spinal imaging market is diversified into Asia-Pacific, Europe, North America and Rest of the World. North America holds the largest market share owing to faster uptake of new technology, presence of well-developed hospital infrastructure of U.S. and Canada. On the other hand, Asia Pacific region is anticipated to generate the fastest CAGR growth led by Japan, china, and India. However, improving economies of China and India are anticipated to create strong spurts of growth due to the faster expansion of healthcare in the region.

Spinal Imaging Market Key Players 

• GE Healthcare
• Koninklijke Philips N.V.
• Siemens Healthineers
• Canon Medical Systems Corp.
• Bruker
• Mediso Ltd.
• Shimadzu Corp.
• FUJIFILM
• Hitachi, Ltd.
• Toshiba Medical Systems, Inc. 

Spinal Imaging Market Key Devlopemnts 

February, 2020 : Alphatec Holdings, Inc. a medical device company dedicated to revolutionizing the approach to spine surgery, entered into an agreement to acquire EOS imaging, SA, for a purchase price of up to $88 million, plus debt retirement of $33.9 million, in a combination of cash and equity.

December 2019: EOS imaging has received 510(k) clearance from the US Food and Drug Administration (FDA) for its new generation imaging system, EOSedge. Receipt of FDA 510(k) clearance follows the commercial launch of EOSedge in Europe, Canada and Australia last week.

July 2019:  NuVasive, Inc., the leader in spine technology innovation, focused on transforming spine surgery with minimally disruptive, procedurally integrated solutions, launched the Pulse integrated technology platform. Pulse is the first, single platform to include multiple technologies designed