Epidural Guidance Systems Market Poised to Exceed US$ 4.22 Billion by 2033-FMI Study

Epidural Guidance Systems Market
Epidural Guidance Systems Market

With a projected market value of US$ 1.17 billion in 2023 and an expected CAGR of 13.7% over the course of the forecast period, the global epidural guidance systems market size is expected to grow significantly, reaching a valuation of US$ 4.22 billion by 2033.

Epidural guidance systems are witnessing a surge in demand, driven by the increasing adoption of computer-assisted navigation techniques. These systems leverage preoperative imaging data, such as CT or MRI scans, to create a three-dimensional model of the patient’s anatomy, enhancing needle guidance and placement accuracy.

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Incorporating imaging technologies like fluoroscopy and ultrasound, these systems offer real-time visualization of the epidural space, allowing anesthesiologists and pain management specialists to precisely identify the target area for needle placement. By providing real-time insights into the patient’s anatomy, these systems enable accurate needle insertion, minimizing complications, and improving procedure effectiveness.

The Epidural Guidance Systems Market’s growth is not only a testament to technological advancements but also reflects the commitment to enhancing patient care and safety in pain management procedures.

Key Takeaways :

  1. Market Growth: The market is projected to experience substantial growth, with an expected valuation of $4.22 billion by 2033, driven by a CAGR of 13.7% during the forecast period.
  2. Computer-Assisted Navigation: Increased utilization of computer-assisted navigation techniques is a significant driver for market expansion, enhancing needle guidance and placement accuracy.
  3. 3D Anatomical Models: Epidural guidance systems leverage preoperative imaging data, such as CT or MRI scans, to create three-dimensional models of a patient’s anatomy, improving precision.
  4. Real-Time Visualization: Integration of imaging technologies like fluoroscopy and ultrasound offers real-time visualization of the epidural space, enabling precise identification of the needle placement target.
  5. Enhanced Safety: The use of epidural guidance systems contributes to reducing the risk of complications and enhances the overall safety and effectiveness of epidural procedures.
  6. Growing Demand: Increasing adoption of these systems reflects a commitment to improving patient care and safety in pain management procedures.
  7. Technological Advancements: Ongoing advancements in imaging technologies and computer-assisted navigation continue to drive the evolution of epidural guidance systems.
  8. Patient-Centric Care: The market’s development is aligned with the goal of providing patient-centric care and optimizing pain management procedures.
  9. Medical Innovation: The incorporation of advanced technologies in epidural guidance systems represents a significant milestone in the field of interventional pain management.
  10. Global Impact: Epidural guidance systems are making a substantial impact on medical practices worldwide, offering more accurate and safe solutions for patients in need of pain management interventions.

Key Players:

  • The MULTIVAC Group
  • Shenzhen Ricso Technology Co.,Ltd.
  • BMV
  • ERTUNÇ ÖZCAN
  • KOELIS
  • Konica Minolta, Inc.
  • MLR System GmbH
  • BK Medical Holding Company, Inc.
  • Northern Digital Inc.
  • Koninklijke Philips N.V.
  • FUJIFILM Sonosite, Inc.
  • Jiangsu Dawei Medical

Key Developments in the Epidural Guidance Systems Market:

  • In February 2022, Multivac has announced a €6.8 million ($7.72 million) investment to establish an innovative building complex in India for both sales and production.
  • In September 2022, With the purchase of BK Medical and the expansion of its surgical visualization technology, GE Healthcare wants to take its ultrasound business beyond the exam room to the operating room.

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Epidural Guidance Systems Market Segmentation:

By Technology:

  • Ultrasound
  • Fluoroscopy
  • Image Guidance
  • Others

By Modality:

  • Portable
  • Standalone

By Application:

  • Pain Management
  • Painless Delivery
  • Thoracic Surgery
  • Spine Surgery
  • Orthopedic Surgery
  • Organ Transplantation Surgery
  • Abdominal Surgery

By Spinal Region:

  • Cervical
  • Thoracic
  • Lumber

By End User:

  • Hospitals
  • Specialty Clinics
  • Diagnostic Centers
  • Ambulatory Surgical Centers

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • The Middle East & Africa

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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