Market Trends of Europe C-Arms Industry
This section covers the major market trends shaping the Europe C-Arms Market according to our research experts:
Oncology Segment is Expected to Show a High Growth Over the Forecast Period
C-arms have radiographic capabilities and are typically utilized for intraoperative imaging during surgical, orthopedic, and emergency care operations. C-arm was viable and effective for localized malignancy. The oncology segment is expected to witness significant market growth over the forecast period owing to factors such as the rising prevalence of cancer in Europe. For instance, according to Breast Cancer Factsheet Now 2021, every year, around 55,000 women and 370 men in the United Kingdom are diagnosed with breast cancer. Breast cancer has claimed the lives of an estimated 600,000 persons in the United Kingdom. This figure is expected to climb to 1.2 million by 2030. Thus, the rising cancer burden is predicted to increase demand for imaging diagnosis and, as a result, demand for C-arm, supporting segment growth.
Additionally, during the course of the projection period, it is anticipated that increasing financing and initiatives for treatment can accelerate market expansion in Europe. According to an article published by the European Research Executive Agency in May 2022, the European Commission wants to encourage equal access to cancer prevention and treatment while assisting medical professionals through an inter-specialty training program. Furthermore, according to the same source, the Europe Beating Cancer Plan got a total of EUR 4 billion in funding in 2021, including EUR 1.25 billion from the subsequent EU4 Health Search for readily accessible translations of the prior program. The program aims to focus on how to increase equal access for all to cancer prevention and care. Such initiatives raise awareness about the detection of cancer which is likely to propel the demand for C-arm diagnosis, thereby boosting the segment growth.
Thus, all aforementioned factors are expected to boost segment growth over the forecast period.
The United Kingdom is Expected to hold Significant Market Share in C-Arm Market Over the Forecast Period
The United Kingdom holds a significant share of the studied market due to factors including the increased prevalence of chronic diseases, the rising geriatric population, developments in medical imaging technologies, a robust healthcare system, and others. The Future of an Ageing Population report by the Government Office of Science estimated that by 2040, one in seven people in the country is projected to be aged over 75. Chronic diseases such as orthopedic and musculoskeletal are more common in the senior population, which is projected to raise demand for better diagnostic tools and hence for C-arm diagnosis, propelling market expansion.
Additionally, the growing burden of chronic diseases is likely to support the growth of the market over the forecast period. For instance, according to the Versus Arthritis 2021 article, 20.3 million people had a musculoskeletal (MSK) condition such as arthritis or back pain in the United Kingdom, which accounted for almost one-third (32%) of the population in 2021. The high burden of musculoskeletal disease in the country is projected to increase the demand for C-Arm devices to diagnose the underlying conditions of the bones, thereby positively influencing the regional market's growth.
Thus, all aforementioned factors are expected to boost market growth over the forecast period.
