June 21, 2024
Global Robotic Medical Imaging Market

Robotic Medical Imaging Market is Transforming Patient Care through Technology Empowerment

Robotic medical imaging includes advanced imaging technologies like computed tomography (CT), magnetic resonance imaging (MRI), X-rays, and ultrasound that are performed with the help of robotics. Robotic medical imaging provides several advantages over conventional imaging techniques such as enhanced precision, reduced procedural time, minimized radiation exposure, and improved patient outcomes. The incorporation of robotics has also enabled complex surgical procedures to be performed minimally invasively. Rapid technological advancements are making robotic imaging solutions more affordable and accessible.

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 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.

The growing demand for minimally invasive procedures along with rising geriatric population suffering from chronic diseases are fueling the adoption of robotic medical imaging solutions globally. Robotic systems allow for smaller incisions, faster recovery times, and reduced risk of surgical site infections–significant benefits over traditional open surgeries.

Major players are also expanding their presence globally, especially in emerging nations to tap the larger patient pool and growing healthcare expenditure. Various partnerships and collaborations between robot manufacturers and medical imaging equipment providers are further enhancing technological integration.

Market Key Trends

Artificial Intelligence (AI) integration with robotic imaging solutions is one of the key emerging trends. AI allows images and scans to be analyzed automatically, aiding diagnosis and enabling virtual consultations. AI functionalities like automated report generation and anomaly detection are finding increasing applications. This is improving the efficiency of clinicians as well as accessibility of expertise to patients globally.

Porter’s Analysis

Threat Of New Entrants: High capital requirements and technological expertise pose a barrier for new players.

Bargaining Power Of Buyers: Robotic medical imaging systems are major capital investments, buyers have moderate bargaining power.

Bargaining Power Of Suppliers: Suppliers of robotic components and parts have low to moderate bargaining power with market being dominated by few large players.

Threat Of New Substitutes: Novel technologies continue to emerge in image-guided therapies yet substitutes remain niche.

Competitive Rivalry: Intense rivalry exists between major players differentiated via technological innovations, brand image and customer support.

Geographical Regions

North America currently accounts for the largest share of the global robotic medical imaging market in terms of value primarily due to presence of major players and heavy investments in healthcare infrastructure and R&D activities. Asia Pacific is poised to be the fastest growing regional market owing to growing geriatric population, increasing healthcare expenditures and improving healthcare infrastructure in emerging economies of the region.

The global robotic medical imaging market is projected to exhibit strong growth over the forecast period of 2024-2031. Rapid technological advancements and growing need for minimally invasive surgeries are some of the key factors expected to drive the market. However, high costs associated with robotic systems may pose a challenge for widespread adoption. The United States represents the single largest market globally. Further innovations aimed at improving therapeutic outcomes and cost effectiveness are anticipated to open new growth avenues for market players.

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