The “U.S. C-arms ” Market is projected to reach USD 1146.1 million by the end of 2027. Technological advancements have played a massive role in the growth of the overall market in the coming years. The presence of several large-scale companies will emerge in favor of market growth. According to a report published by Fortune Business Insights, titled “U.S. C-arms Market Size, Share & COVID-19 Impact Analysis, By Type (Fixed C-arms, Mobile C-arms (Full Size c-arms, Mini C-arms), By Application (Orthopedics and Trauma, Cardiology, Neurology, Gastroenterology, Oncology, and Others), By Detector (Flat Panel Detector, and Image Intensifier), By End User (Hospitals, Ambulatory Surgical Centers, and Specialty Clinics), 2020-2027” the market was worth USD 814 million and will exhibit a CAGR of 4.4% during the forecast period, 2020-2027.
C-arms are equipment that are used as intensifiers for scanned images. The product is used to enhance the overall image that is obtained through an x-ray and possess radiographic abilities that cater to several applications in the healthcare industry. The rise of the healthcare industry in the United States will have a huge impact on the growth of the market in this region. The presence of several large scale vendors in the United States will provide impetus to the growth of the overall market. Additionally, technological advancements and the integration of advanced concepts have been pivotal to the growth of the US C-arms market in recent years.
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COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations travel bans and quarantines restaurants closed all indoor events restricted over forty countries state of emergency declared massive slowing of the IT Spending market volatility falling business confidence, growing panic among the population, and uncertainty about future.
Out research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers & acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.
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Strict Measures taken to Limit the Spread of Covid-19 Pandemic will have a Negative Impact on Market Growth
The recent coronavirus outbreak has had a massive impact on several economies across the globe. Due to the rapid spread of the disease, several countries are looking to implement strict measures with a view to controlling the spread of the disease. The measures taken to curb the spread of the diseases have affected businesses across all sectors. Although several healthcare businesses have benefited from the Covid-19 pandemic, the US C-arms market is among the very few who have not derived any significant growth. In fact, the hesitancy among people has delayed the orthopedic procedures and this will have a negative impact on the US C-arms market in the coming years.