May 29, 2024
global robotic medical imaging

Global Robotic Medical Imaging Market Is Estimated To Witness High Growth Owing To Increasing Demand For Minimally Invasive Surgeries

The global robotic medical imaging market involves the use of advanced medical imaging technologies such as X-ray, ultrasound, computed tomography (CT), magnetic resonance imaging (MRI), etc. through robotic systems. Robotic medical imaging aids in capturing high-quality images of internal organs, tissues or bones for effective diagnosis and treatment of various medical conditions. Growing demand for minimally invasive surgical procedures and the ability of robotic imaging systems to perform intricate maneuvers within the body are fueling the demand for robotic medical imaging solutions globally.

The Global Robotic Medical Imaging Market Size Is 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 Takeaways

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 strategic collaborations to strengthen their market position.

Key Opportunities

The global robotic medical imaging market include increasing applications of medical robotics in non-invasive neurosurgeries and orthopaedic surgeries. Moreover, mounting investments by leading market players for the development of advanced imaging robotic systems is anticipated to present lucrative growth prospects over the forecast period.

The adoption of robotic medical imaging technologies is increasingly growing across major markets worldwide on account of rising healthcare expenditure, growing geriatric population prone to chronic diseases, and improving regulatory framework. North America represented the largest regional market in 2023, followed by Europe and Asia Pacific. However, Asia Pacific is expected witness fastest growth driven by growing medical tourism industry and improving access to healthcare in emerging economies.

Market Drivers

Rising incidence of chronic diseases such as cancer and cardiovascular diseases worldwide has augmented the demand for early diagnosis through medical imaging techniques. Robotic medical imaging solutions offer precision and high accuracy in disease diagnosis and treatment planning through capturing high-resolution images. This is a key factor propelling the growth of robotic medical imaging market. Furthermore, the ability of robotic imaging systems to facilitate minimally invasive surgical approaches and reduce complications associated with open surgeries is fuelling their adoption globally.

Pest Analysis

Political: Government policies around reimbursement of robotic medical imaging procedures could impact market growth. Regulations related to approval of new robotic systems would affect product launches.
Economic: Rise in disposable incomes and growing health insurance coverage are enabling greater adoption of premium robotic systems for medical imaging. Economic slowdowns may dampen capital equipment investments.
Social: Population aging is driving demand for minimally invasive surgical procedures that robotic imaging assists with. Growing preference for digital healthcare raises social acceptance of such technologies.
Technological: Advancements in areas such as AI, computer vision and miniaturization are fuelling development of next-gen modular and mobile robotic imaging platforms. Integration of imaging data with other digital health records allows for improved diagnostics.

The geographical regions where the global robotic medical imaging market in terms of value is concentrated are North America, Western Europe, and Asia Pacific. This is because of strong technological infrastructure, high healthcare spending, and rising medical tourism in countries such as Japan, China, and India.

The fastest growing region for the global robotic medical imaging market is expected to be Asia Pacific due to increasing spend on healthcare services, expansion of private healthcare facilities, rapid economic growth of nations, and large patient pools. Rising medical awareness, improving reimbursement scenarios, and heavy foreign investments in China, Japan and India are supporting the growth of the regional robotic medical imaging market

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 Market’s growth between 2024 and 2031.

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

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

:- Global Robotic Medical Imaging Market 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 Market vendors

FAQ’s

Q.1 What are the main factors influencing the Global Robotic Medical Imaging market?
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 Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Global Robotic Medical Imaging market’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?

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