The global robotic medical imaging market comprises medical devices such as robotic computed tomography scanners, robotic magnetic resonance imaging systems, and robotic positron emission tomography scanners. These systems automate medical imaging processes and minimize human errors, thereby improving diagnostic accuracy. Robotic medical imaging provides advanced capabilities such as rapid image acquisition, multimodality imaging platforms, and versatile robotic arms for patient handling.
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. Intuitive Surgical dominates the market with its da Vinci surgical robotic platform.
The growing geriatric population and rising cancer incidence are fueling the demand for minimally invasive diagnostic and treatment procedures. Robotic medical imaging allows conducting medical tests with greater precision, flexibility and accurate imaging without lengthy recovery times.
Globally, North America dominates the robotic medical imaging market due to rapid technological advancements and increasing healthcare expenditure. However, Asia Pacific is expected to exhibit the highest growth over the forecast period owing to growing medical tourism, increasing healthcare budgets and rising incidence of chronic diseases.
Market Drivers
Technological advancements are a key driver of the global robotic medical imaging market. Ongoing R&D is yielding imaging robots with superior capabilities such as faster scan times, high-resolution 3D imaging, and multi-modal integration. This improves diagnosis and expands treatment options. Additionally, robotic systems minimize human errors and offer enhanced reproducibility of scan parameters compared to conventional systems. The growing demand for minimally invasive surgeries among consumers is another major factor fueling the adoption of robotic medical imaging robots globally.
Impact of geopolitical situation on market growth
The global robotic medical imaging market is highly impacted by the ongoing geopolitical issues across various regions. Russia-Ukraine conflict has negatively impacted the supply chains and demand for robotic medical imaging systems in Europe. Restrictions on exports from Russia affected the availability of key raw materials for major manufacturers in Europe and US. This led to increased production costs and delayed new product development initiatives.Political unrest and economic sanctions in some Middle Eastern countries also disrupted the supply chains and distribution networks of leading players. Further, international trade conflicts and protectionist policies adopted by few economies posed threats to the globalization of this industry.Rising political tensions between major economies has squeezed the foreign direct investments and collaborations between players from different regions. This hindered the technology transfers and joint innovation projects in healthcare robotics.Looking ahead, market players must focus on diversifying their manufacturing and supplier base globally to reduce dependencies. They need to rapidly localize production and establish regional hubs to serve localized demands. Adopting flexible multi-sourcing strategies and maintaining adequate inventory levels can help mitigate geopolitical risks in future.
Geographical Regions Where Market Is Concentrated
Currently, North America dominates the global robotic medical imaging market in terms of revenue, accounting for over 35% of the total market share. This can be attributed to the higher adoption of advanced healthcare technologies and presence of leading industry players in the US. Further, rising healthcare spending, availability of reimbursement and growing geriatric population driving the demand.Europe is the second largest regional marketsupported by favorable government initiatives and investments to modernize healthcare infrastructure. However, ongoing geopolitical issues are hampering the market growth in Europe.On the other hand, Asia Pacific region is emerging as the fastest growing market for robotic medical imaging systems. This is due to increasing diagnostics needs of large patient pool, rising medical tourism, expansion of private healthcare facilities and growing public-private investments in countries like China and India.
Fastest Growing Region
Asia Pacific region is poised to be the fastest growing market for robotic medical imaging during the forecast period. This can be attributed to various factors like:
- Rapidly increasing healthcare expenditure and expanding medical insurance coverage in major Asian countries.
- Growing prevalence of chronic diseases, ageing population and demand for quality care.
- Rising standards of living, medical tourism hub for countries like India, Singapore and Thailand.
- Initiatives by regional governments to modernize healthcare infrastructure and promote digital health technologies.
- Proliferation of smaller private hospitals and diagnostic centers adopting new technologies.
- Presence of low-cost skilled labor and willingness of global players to establish manufacturing hubs to cater localized demands.
- Fastest rate of economic growth compared to developed markets creating more funding avenues.
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?
Get more insights on this topic: https://heyjinni.com/read-blog/88682