Digital Spine Analysis Test Market Is Estimated To Witness High Growth Owing To Increasing Prevalence Of Spinal Disorders

  • Ronak Shah
  • U.S.A
  • January 14, 2025

The Digital Spine Analysis Test Market is estimated to be valued at US$ 2.44 Bn in 2024 and is expected to exhibit a CAGR of 5.4% over the forecast period 2024- 2031, as highlighted in a new report published by Coherent Market Insights’The growth of the digital spine analysis test market is majorly driven by increasing prevalence of spinal disorders as well as growing adoption of advanced imaging modalities.

According to National Spinal Disorders Research Fund, more than 80% population suffer from backbone problems at some point in their lifetime. Growing obese and sedentary lifestyle has heightened the risks of spinal problems. Moreover, digital spine analysis test provides non-invasive diagnosis of spinal abnormalities and disorder and helps physician to determine the exact cause and location of spinal issues accurately. This has further driven the adoption of digital spine analysis tests over conventional diagnostic methods.

Key Market Trends: There is rising demand for minimally invasive diagnostic techniques and this is expected to drive the digital spine analysis test market growth over the forecast period. Minimally invasive techniques reduces procedural risks, healing time and hospital stay duration. Moreover, integration of artificial intelligence and robotics in digital spine analysis systems is also a major trend witnessed in the market. AI enabled automated diagnostic platforms provide precise diagnosis in very less turnaround time as compared to manual diagnosis. This reduces diagnostic overhead for healthcare providers and physicians. Growing product launches and innovations such as 3D 360° digital X-ray and integrated hardware-software platforms will continue to support the revenue growth of digital spine analysis test market going ahead.

Digital Spine Analysis Test Market Opportunity: Digital X-Ray Systems Segment-The digital X-ray systems segment held the largest share of the digital spine analysis test market in 2019 and is expected to maintain its dominance over the forecast period. Digital X-ray systems provide higher image quality compared to conventional radiography with lower radiation dose. They offer advantages such as digital archiving and transmission of images, remote diagnostic capabilities, and efficient workflow rising preference for digital X-ray systems from healthcare providers to enhance diagnosis is expected to propel the growth of this segment.

Orthopedic Segment-The orthopedic segment accounted for the largest share of the digital spine analysis test market in 2019. Digital spine analysis tests such as X-rays and MRI are widely used in orthopedic facilities and hospitals for diagnosing musculoskeletal disorders of the spine. Increasing incidence of spinal disorders such as disc herniation, spondylolisthesis, and spinal stenosis is driving the demand for digital spine analysis tests from the orthopedic segment.

Key Market Takeaways: The global digital spine analysis test market is anticipated to witness a CAGR of 5.4% during the forecast period 2024-2031, owing to increasing prevalence of spinal disorders and growing geriatric population.

 

On the basis of product type, the digital X-ray systems segment is expected to hold a dominant position, accounting for over 50% market share in 2031, due to higher image quality and lower radiation dose compared to conventional radiography.

On the basis of application, the orthopedic segment is expected to hold a dominant position over the forecast period, accounting for nearly 40% of the global market in 2031, due to wide usage of digital spine analysis tests for diagnosing musculoskeletal disorders of the spine.

By region, North America is expected to hold a dominant position over the forecast period, owing to well-established healthcare infrastructure, higher healthcare spending, and growing prevalence of spinal disorders in the region.

Competitor Insights: Key players operating in the digital spine analysis test market include AI., Esaote, GE Healthcare, Hitachi Ltd., Fujifilm Holdings Corporation, Koninklijke Philips N.V., Siemens Healthcare GmbH, Neusoft Corporation, Canon Medical Systems Corporation, and Samsung Healthcare. These players are focusing on new product launches and strategic collaborations to strengthen their market position.

Recent Developments: In mid-August, Omega Bio-tek, a leading life sciences tools company, launched two new plasmid miniprep kits – the Mag-Bind Plasmid MiniPrep Kit and QuickLyse Miniprep Kit. Both kits are designed for rapid purification of high-quality plasmid DNA from bacterial cultures on a mini scale. The new kits offer significant improvements over existing miniprep technologies, including faster processing times, higher yields, and superior DNA quality free of contaminants. They also have a simplified workflow requiring minimal hands-on time. Omega officially released the kits at the genomics summit held in San Diego in August. More information in full report.

Summary

TDS NEWS