The global spinal imaging market size is estimated to reach USD 2.3 billion by 2027 registering a CAGR of 5.2%, according to a new report by Grand View Research, Inc. The increasing cases of spinal surgeries and rising number of installations of MRI scanners are the major factors expected to drive the market during the forecast period. Growing geriatric population and increasing cases of lower back pain due to obesity are also expected to boost the market growth in coming years.
Increasing number of healthcare projects, rising need for the replacement of obsolete imaging equipment in developed countries, and rapidly expanding private healthcare sector are also anticipated to play a significant role in the market growth. Major market players are focusing on various business strategies gain competitive advantage and to strengthen their market positions. These strategies include mergers & acquisitions, partnerships, joint ventures, and development of low-cost equipment, especially for the developing economies.
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Spinal Imaging Market Report Highlights
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Spinal Imaging Market Segmentation
Grand View Research has segmented the global spinal imaging market on the basis of product, application, end use, and region:
Spinal Imaging Product Outlook (Revenue, USD Million, 2016 – 2027)
Spinal Imaging Application Outlook (Revenue, USD Million, 2016 – 2027)
Spinal Imaging End-use Outlook (Revenue, USD Million, 2016 – 2027)
Spinal Imaging Regional Outlook (Revenue, USD Million, 2016 – 2027)
List of Key Players of Spinal Imaging Market
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About Grand View Research
Grand View Research is a market research and consulting company that offers market research reports, syndicated and customized reports. The company is headquartered in San Francisco, California. It offers client engagement for business consulting and market intelligence from various domains. The clientele is based across various countries with queries coming from more than 50 industries worldwide.
Grand View Research helps its clients to make informed decisions by helping them understand current trends and scenarios. Every year Grand View Research accomplishes more than 300 multi-country market studies to optimize consulting for clients.
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