June 14, 2024
Global Robotic Medical Imaging Market

The Global Robotic Medical Imaging Market Is Estimated To Witness Substantial Rise Powered By Technological Advancements

The global robotic medical imaging market has witnessed significant growth in recent years. Robotic medical imaging uses advanced robotics for medical imaging procedures such as computed tomography (CT) scans, magnetic resonance imaging (MRI), X-rays, ultrasounds, and other modalities. Robotic imaging systems provide greater precision and accuracy compared to manual processes, which help obtain high-quality images. The equipment is integrated with advanced features such as customized patient positioning, automated table movements, and built-in safety mechanisms. All these advantages have increased the demand for robotic medical imaging systems across hospitals and clinics worldwide.

The Global Robotic Medical Imaging Market Sizeis estimated to be valued at US$ 10.0 Bn in 2024 and is expected to exhibit a CAGR of 13% over the forecast period 2024-2031.

Key TakeawaysGlobal Robotic Medical Imaging Market

Key players operating in the global robotic medical imaging market are Intuitive Surgical, Inc., Accuray Incorporated, Zimmer Biomet Holdings, Inc., Siemens Healthineers AG, Medtronic plc, GE Healthcare, Stryker Corporation, Titan Medical Inc., Hocoma AG, Mazor Robotics and Medrobotics Corporation. These players are focusing on new product launches and enhancing their existing product portfolios to gain a competitive advantage in the market.

The increasing adoption of minimally invasive surgical procedures provides considerable opportunities for robotic medical imaging market players. Miniaturization of medical devices has enabled the use of surgical robots in complex procedures through small incisions. This reduces complications, length of hospital stay, and recovery time for patients.

The rising medical tourism across Asia Pacific and Latin American countries is expected to boost the demand for robotic medical imaging systems globally. Availability of state-of-the-art healthcare infrastructure at affordable costs is attracting patients from Western nations to these emerging regions for surgical procedures. This is encouraging international players to expand their presence in Asia Pacific and Latin American robotic medical imaging markets.

Market Drivers

The growing geriatric population susceptible to various chronic diseases is a major driver for this market. Age-related health conditions like cancer, cardiac diseases, and neurological disorders require advanced diagnostic procedures. Technological advancements in medical robotics have enabled superior diagnosis and treatment of such conditions propelling the adoption of robotic imaging systems. Furthermore, increasing investments by governments and healthcare providers to upgrade hospitals especially in developing nations will continue fueling the demand.

PEST Analysis

Political: Government support through favorable regulations and funding for research and development of robotic technologies in medical imaging will promote growth of the market.

Economic: Rising healthcare expenditures, growing geriatric population, and increasing incidence of chronic diseases are increasing demand for better medical diagnostics and treatment which is fueling market growth.

Social: Adoption of robotic technologies is increasing to improve workflow efficiency and bring down healthcare costs. This is helping meet the rising social need for quality and affordable healthcare.

Technological: Advancements in robotics, artificial intelligence, and miniaturization of medical devices are allowing development of innovative robotic systems for medical imaging. Sophisticated robotics platforms with integrated diagnostic technologies are improving surgical precision, treatment accuracy and patient outcomes.

The Global Robotic Medical Imaging market is currently regionally concentrated in North America and Western Europe in terms of value. North America accounts for the largest share owing to the strong presence of leading market players, growing surgical robotics adoption, rising healthcare spending, and favorable reimbursement policies in the region. Meanwhile, Western Europe is another major regional market supported by improving access to healthcare, technological advancements, and increasing application of medical robotics. However, Asia Pacific is expected to be the fastest growing regional market during the forecast period owing to growing medical tourism, increasing healthcare investments, rising standards of care, and expanding medical device industry in countries such as China, India and Japan.

What Are The Key Data Covered In This Global Robotic Medical Imaging Market Report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the Global Robotic Medical Imaging’s growth between 2024 and 2031.

:- Accurate calculation of the size of the Global Robotic Medical Imaging and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behaviour

:- Global Robotic Medical Imaging Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of Global Robotic Medical Imaging vendors

FAQ’s

Q.1 What are the main factors influencing the Global Robotic Medical Imaging?

Q.2 Which companies are the major sources in this industry?

Q.3 What are the market’s opportunities, risks, and general structure?

Q.4 Which of the top Global Robotic Medical Imaging companies compare in terms of sales, revenue, and prices?

Q.5 Which businesses serve as the Global Robotic Medical Imaging’s distributors, traders, and dealers?

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it