As cited by the research report titled ‘Global Spinal imaging Market Size study, by Product (X-ray, CT, MRI, Ultrasound), Application (Spinal Infection, Vertebral, Spinal Cancer, Spinal cord & nerve Compression) End-use (Hospital, clinics, Diagnostic imaging center, Ambulatory care center) and Regional Forecasts 2020-2027’, available with Market Study Report, global spinal imaging market was worth USD 1.6 billion in 2019 and is projected to grow with a CAGR of 5.2% over 2020-2027 to be appraised at USD 2.40 billion by the end of study duration.
 

Increasing cases of spine disorders, better accessibility to medical imaging services along with rising number of spinal surgeries are the primary drivers contributing to the growth of global spinal imaging market.
 

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According to a report by WHO, the second leading cause for medical consultation is lower back pain, first being upper respiratory infections. It is estimated that around 80% of the world’s population has went through back pain at least one time in their life.
 

For the record, spinal imaging prints the body structure using radio waves by means of a computer. It generates a clear and detailed image of the spine and its surrounding tissues.
 

Though booming geriatric coupled with pervasiveness of anxiety & depression will continue to boost the demand, however, technological innovation in hardware as well as software of spinal surgeries and change in the concept of machine learning are some challenges in global spinal imaging market sphere.
 

Based on product, the industry is segmented into X-ray, MRI, CT, and ultrasound. Speaking of application ambit, worldwide spinal imaging marketplace is divided into spinal infection, spinal cancer, vertebral, and spinal cord & nerve compression among others. Moving on to end user spectrum, the industry space is classified into clinics, hospital, ambulatory care center, and diagnostic imaging center including others.
 

Geographically, North America held significant share in global spinal imaging market in the past year, owing to increasing spinal surgery cases along with high product demand.
 

Whereas, Europe market is poised to showcase lucrative growth trends over the forecast duration, on account of easy accessibility to healthcare services, and proficient reimbursement policies. 
 

Leading players in global spinal imaging market include Canon Medical Systems USA Inc., Hitachi Ltd., Fujifilm Holdings Corporation, Shimadzu Corporation, Mediso Ltd., Bruker Corporation, Canon Medical Systems Corporation, Siemens Healthineers AG, Koninklijke Philips N.V., and GE Healthcare.