Global Robotic Medical Imaging Market is Segmented By Product Type (MRI Systems, CT Scanners, X-ray Systems, Ultrasound Systems and Others), By Applic....
Market Size in USD Bn
CAGR13.8%
Study Period | 2023 - 2030 |
Base Year of Estimation | 2022 |
CAGR | 13.8% |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | High |
Major Players | Intuitive Surgical, Inc., Accuray Incorporated, Zimmer Biomet Holdings, Inc., Siemens Healthineers AG, Medtronic plc. and Among Others. |
Global robotic medical imaging market size is estimated to be valued at US$ 10.0 Bn in 2023 and is expected to reach US$ 24.9 Bn by 2030, exhibiting a compound annual growth rate (CAGR) of 13.8% from 2023 to 2030. Robotic medical imaging amalgamates cutting-edge robotic technology with various imaging modalities like X-ray, Magnetic resonance imaging (MRI), computed tomography (CT), and ultrasound within the realm of healthcare. Its primary objective is to augment precision, accuracy, and efficacy in imaging procedures and analyses. By integrating robotics, this field revolutionizes diagnostic capabilities and minimally invasive interventions. These systems assist surgeons in navigating intricate anatomical structures during surgeries while facilitating less invasive procedures, thus subsequently reducing patient discomfort and expediting recovery. Moreover, robotic medical imaging enables radiologists to obtain and interpret images with higher precision, thereby leading to more accurate diagnoses and better patient outcomes. Technological advancements continue to refine these systems by integrating artificial intelligence (AI), by enhancing real-time imaging capabilities, and streamlining automated analysis of medical images. Despite these advancements, challenges persist, including initial setup costs and the necessity for specialized training, but the potential for improved patient care remains substantial.
Analyst’s View on Global Robotic Medical Imaging Market-
The global robotic medical imaging market has significant growth potential over the next decade. The use of robotics in medical imaging is becoming more widespread as it allows for minimally invasive procedures without compromising on image quality or precision. This reduces recovery time for patients as well as health costs. However, factors such as the high initial investment required for robotic systems and maintenance costs can restrain market growth. Asia Pacific is expected to be the fastest growing regional market due to rising healthcare expenditure and increasing patient population. Within the region, countries like China and India are projected to offer lucrative opportunities. North America will continue to dominate the global market supported by developed healthcare infrastructure and rising adoption of innovative technologies. Europe is also a major robotic medical imaging market but regulatory hurdles may slow the pace of growth. Key players should focus on developing affordable robotic platforms tailored for emerging economies. Partnerships with local OEMs can help gain market access while sharing risks. There is a need to optimize systems for telerobotic procedures and remote guidance to make use of expertise across borders. This can revolutionize care in underserved regions. Cloud-based imaging solutions and big data analytics also offer opportunities to improve access, diagnosis and treatment outcomes.
Global Robotic Medical Imaging Market Drivers:
Global Robotic Medical Imaging Market Opportunities:
Global Robotic Medical Imaging Market Restraints:
Counterbalance: The key market players need to be extra vigilant in carrying out the strict regulatory approval and the necessary compliances. This is, in order to ensure safety and efficacy of the robotic medical imaging systems at the time of introducing new functionalities, to avoid product recalls.
Global Robotic Medical Imaging Market Regional Insights:
Figure 1. Global Robotic Medical Imaging Market Share (%), by Region, 2023
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
Global Robotic Medical Imaging Market
New product launches and Approvals
Acquisition, Collaboration and Partnerships:
By Product Type:
By Application:
By End User:
By Region:
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What are the key factors hampering growth of the global robotic medical imaging market?
High initial costs and regulatory challenges and safety concerns is expected to hinder the market growth over the forecast period.
What are the major factors driving the global robotic medical imaging market growth?
Increasing technological advancements, increasing prevalence of chronic diseases and demand for minimally invasive procedures is expected to drive the market growth over the forecast period.
Which is the leading end user segment in the global robotic medical imaging market?
The leading end user segment is the hospital segment due to rising adoption of robotic medical imaging by the hospitals.
Which are the major players operating in the global robotic medical imaging market?
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 are the major players operating in the global robotic medical imaging market.
What will be the CAGR of global robotic medical imaging market?
The CAGR of the global robotic medical imaging market is 13.8%.