July 5, 2024
Robotic Medical Imaging Market

The Global Robotic Medical Imaging Market Is Driven By Increasing Need For Advanced Medical Imaging Devices

Robotic medical imaging involves the use of advanced robotics for medical diagnosis and treatment. Robotic medical imaging systems are integrated with high-resolution imaging modalities like CT, MRI, X-ray and ultrasound to produce high-quality digital images of the internal organs and tissues of the human body. These imaging systems provide enhanced precision, dexterity and control over traditional imaging methods and help physicians obtain detailed internal views that were difficult to access before. Robotics in medical imaging allows for minimally invasive procedures, reduces radiation exposure and helps improve clinical outcomes for patients.

The global robotic medical imaging market is estimated to be valued at US$ 10.0 Bn in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2023 to 2030, as highlighted in a new report published by CoherentMI.

Market Key Trends:

One of the key trends in the global robotic medical imaging market is the increasing adoption of hybrid operating rooms integrated with advanced imaging technologies. Hybrid ORs allow surgeons to perform complex surgeries using real-time imaging guidance for improved precision and safety. With robotic assistance, hybrid ORs are helping transform interventional radiology and non-invasive procedures. Another trend is the growing demand for next-generation compact imaging systems with robotics. This is allowing medical imaging technologies to reach more clinics and hospitals globally.

Porter’s Analysis:

Threat of new entrants: The threat of new entrants is moderate as the robotic medical imaging market requires high capital investment and stringent regulations.

Bargaining power of buyers: The bargaining power of buyers is moderate as robotic imaging systems are sophisticated medical devices with limited options.

Bargaining power of suppliers: Suppliers have moderate bargaining power due to the specialized components required and established buyer-supplier relationships.

Threat of new substitutes: There is low threat from substitutes as robotic medical imaging systems provide unique minimally invasive procedures with high-resolution images.

Competitive rivalry: The competition is high among the major players to gain market share through new product launches and strategic collaborations.

Global Robotic Medical Imaging Market Segmentation:

  • By Product Type:
    • MRI Systems
    • CT Scanners
    • X-ray Systems
    • Ultrasound Systems
    • Others (Endoscopy Robots, Nuclear Imaging Robots, etc.)
  • By Application:
    • General Surgery
    • Urology
    • Gynecology
    • Orthopedics
    • Neurosurgery
    • Others (Oncology, Gastrointestinal, etc.)
  • By End User:
    • Hospitals
    • Diagnostic Centers/Clinics
    • Ambulatory Surgical Centers
    • Research Institutes
    • Others (Specialty Clinics, etc.)

Key Takeaways:

The global Robotic Medical Imaging Market Size is expected to witness high growth. The global robotic medical imaging market is estimated to be valued at US$ 10.0 Bn in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2023 to 2030.

Regional Analysis: North America holds the major share in the global robotic medical imaging market due to presence of advanced healthcare infrastructure and favorable reimbursement policies for robotic surgeries in the region. Asia Pacific robotic medical imaging market is anticipated to witness fastest growth rate during the forecast period owing to rising medical tourism, increasing healthcare expenditure and growing demand for advanced surgical treatments.

Key Players: Key players operating in the 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. Intuitive Surgical dominates with its da Vinci robotic surgical systems while others are focusing on expanding their product portfolios.

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