Robotic Medical Imaging Systems Market by Product and Geography - Forecast and Analysis 2022-2026

Robotic Medical Imaging Systems Market Forecast 2022-2026

The robotic medical imaging systems market share is expected to increase by USD 621.24 million at a Compound annual growth rate (CAGR) of 14.1%  between 2021 to 2026.  The market is driven by advancements in medical equipment and technologies like laparoscopic surgeries, HD surgical cameras, and robotic catheter control systems (CCS). With a focus on precision and minimally invasive procedures, it offers advantages such as enhanced imaging with 3D capabilities and data analytics for improved diagnosis. Moreover, rapid research and development efforts to enhance system capabilities characterize another major trend in this early-stage growing market.

What will the Robotic Medical Imaging Systems Market Size be During the Forecast Period?

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The market offers a comprehensive array of robotic solutions, including pharmacy automation systems, surgical robotic systems for various specialties like rehabilitation, radiosurgery, and general, gynecological, and urological surgery, along with hospital & pharmacy robotic systems. These systems encompass both soft tissue and hard tissue surgical robotic systems, addressing diverse needs such as knee & hip surgery. With the integration of 3D imaging devices, they offer unparalleled accuracy and efficiency, ensuring optimal outcomes for patients. Endoluminal robotics enable minimally invasive procedures, such as transbronchial lung biopsy, reducing risks and improving patient recovery. The market caters to a wide range of medical procedures, featuring specialized equipment like radiosurgery robotic systems for precise treatments, as well as versatile solutions for general surgery and gynecological surgery.

Market Segmentation

This market trends and analysis report extensively covers market segmentation by product (X-ray, ultrasound, MRI, and CT-scan) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). In the x-ray segment of the market, innovation intersects with the healthcare sector to provide advanced imaging solutions for precise diagnoses and treatments. Medical equipment companies are at the forefront, developing robotic imaging systems that enhance the capabilities of healthcare workers, particularly in hard tissue surgical procedures such as knee and hip surgery. As the demand grows, the x-ray segment continues to drive innovation, transforming the landscape of healthcare with cutting-edge technology and precise diagnostic capabilities.

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The market share growth in the X-ray segment will be significant during the forecast period. X-ray is the traditionally used medical imaging technique involving the exposure of electromagnetic radiation on the body part to produce images of internal organs. The X-ray segment has been witnessing many technological developments. This report provides an accurate prediction of the contribution of all the segments to the growth of the market size.

Key Regions

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46% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the market in North America. Market growth in this region will be faster than the growth of the market in other regions.

The surge in healthcare expenditures and improvement in investment in healthcare robotics will facilitate market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for companies, which will assist in creating efficient business plans.

Market Dynamics

The market witnesses a surge in demand driven by advancements in medical robotics technology, particularly in hard tissue surgical robotic systems tailored for knee & hip surgery, facilitating precise diagnoses and treatments. Supported by automation in healthcare and initiatives from Siemens Healthineers, this growth is further fueled by increased healthcare funding & infrastructure development to address the healthcare needs of an aging population afflicted by chronic diseases and the imperative to mitigate medication errors through innovative solutions like pharmacy automated systems such as Automated Dispensing Machines (ADMs) and Automated Dispensing Cabinets (ADCs). The increasing prevalence of chronic diseases is notably driving the robotic medical imaging systems market growth, although factors such as high costs associated with robotic imaging systems may impede market growth. 

Key Driver

The increasing prevalence of chronic diseases is one of the major drivers impacting the market growth. Physicians and hospitals, that specialize in oncology treatments, are expected to adopt robotic medical imaging systems for screening cancers and tumors. These systems enable shorter treatment and greater patient throughput. This can eventually increase the number of treatments on a daily basis and hence greater revenue. With the adoption of non-invasive surgeries, an increasing number of patients are opting for such treatments compared with traditional radiation treatments. To operate complex tumors, highly sophisticated imaging systems are required that are flexible and adaptable in their movements. Hence, the adoption of robotic medical imaging systems in healthcare facilities is increasing with the rise in the prevalence of chronic diseases.

Key Trends

Partnerships to drive innovation is one of the major trends influencing the market growth and trends.  As the market is at the early growing stage, rapid R&D to enhance the capability of the system is a major trend in the market. Hence, industry players, government organizations, and researchers are collaborating. For instance, Siemens and KUKA have collaborated with European universities to develop a robotic solution with improved precision. The MRI and Ultrasound Robotic Assisted Biopsy (MURAB) project received funding of USD 4.6 million from Horizon 2020 initiative by the EU for robotics development. Similarly, Canon opened Healthcare Optics Research Laboratory in the US in collaboration with Massachusetts General Hospital and Brigham and Women's Hospital to drive R&D in image-guided medical activities with the help of robots. SRI developed robotic technology for Verb Surgical, a new company formed with the strategic collaboration between Verily and Ethicon, a Johnson & Johnson medical device company, focused on developing integrated technologies such as data analysis, advanced imaging, and artificial intelligence to enable greater efficiency in surgical processes.

Key Challenge

High costs associated with robotic imaging systems is one of the major challenges impeding the market growth. The ASP of a robotic imaging system is around USD 1 million, while other imaging systems, which are a substitute for a robotic imaging system, are available for about USD 100,000. Investments made in extensive research and the use of advanced technology to manufacture these systems increase the cost of production. This makes the product unaffordable, especially for many living in developing countries. Moreover, companies are developing advanced solutions that offer the flexibility to diagnose multiple tests with one robotic solution, which further adds up to the overall production cost. In addition, reimbursements for imaging systems have drastically reduced in the last decade, which affected the investments in robotic solutions by healthcare centers. As the technology is new and only a few companies are present in the market, awareness among the people is limited. Therefore, potential customers, especially those in developing countries, look for substitutes for these systems, thereby affecting the customer base of the companies.

This market growth analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Market Companies?

The market research and growth report analyzes the market’s competitive landscape and offers information on several market companies, including:

• AdEchoTech
• Auris Health Inc.
• Brainlab AG
• Digisens AG
• General Electric Co.
• Globus Medical Inc.
• Hitachi Ltd.
• Intuitive Surgical Inc.
• KUKA AG
• Medirob AB
• Medtronic Plc
• MGI Tech Co. Ltd.
• Neocis Inc.
• NovaSignal Corp.
• Perfint Healthcare Corp.
• Renishaw Plc
• Siemens AG
• Stereotaxis Inc
• Synaptive Medical Inc.
• Titan Medical Inc.
• Zimmer Biomet Holdings Inc.

This statistical study of the market encompasses successful business strategies deployed by the key companies. The market is fragmented and the companies are deploying organic and inorganic growth strategies to compete in the market.

The market growth and forecasting report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Market Analyst Overview

The market is experiencing rapid expansion driven by advancements in medical robotics technology and automation in healthcare. With an aging population, there's an increased focus on reducing medication errors and improving healthcare infrastructure. Pharmacy automation systems like Automated Dispensing Machines (ADMs) and cabinets play a crucial role in this endeavor. Robotic-assisted sensing bronchoscopy biopsy, including robotic hysterectomy and surgical interventions, offer enhanced precision and safety in critical medical settings. They find applications across various medical fields such as general, gynecological, urological, spine, knee, and hip surgery. Moreover, education and training programs ensure the acceptance and effectiveness of these technologies among healthcare professionals, further enhancing patient outcomes and long-term value.

The market is witnessing significant expansion fueled by advancements in healthcare funding & infrastructure, especially in the integration of pharmacy automated systems like Automated Dispensing Cabinets (ADCs). Surgical robots are revolutionizing procedures, ensuring precise interventions across various specialties including radiosurgery treatments. Enhanced patient and provider acceptance, coupled with robust safety protocols and testing procedures, contribute to the market's expansion. They offer cost-effectiveness and versatility, with specialized applications such as soft tissue surgical robotic systems and rehabilitation robotic systems. Hospitals and pharmacies increasingly adopt these technologies, emphasizing the importance of hospital & pharmacy robotic systems in improving healthcare delivery and patient outcomes.

In the current healthcare landscape, there's a growing demand for advanced medical technologies to address various medical challenges. Doctors and surgeons are increasingly relying on medical imaging solutions to diagnose and treat conditions such as lung lesions. With the advent of ultrasonography in urology and advancements in neurosurgery techniques, the medical field is witnessing significant progress. Robotic solutions play a crucial role, offering precise assistance in complex surgeries like abdominal surgery and spine surgery. However, the ongoing public health crisis has led to a reevaluation of elective and nonessential surgical procedures, prompting the adoption of innovative approaches like therapeutic robotic systems to ensure patient safety and optimal outcomes.

Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 14.1%
Market growth 2022-2026	USD 621.24 million
Market structure	Fragmented
YoY growth (%)	13.5
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 46%
Key consumer countries	US, Canada, China, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	AdEchoTech, Auris Health Inc., Brainlab AG, Digisens AG, General Electric Co., Globus Medical Inc., Hitachi Ltd., Intuitive Surgical Inc., KUKA AG, Medirob AB, Medtronic Plc, MGI Tech Co. Ltd., Neocis Inc., NovaSignal Corp., Perfint Healthcare Corp., Renishaw Plc, Siemens AG, Stereotaxis Inc, Synaptive Medical Inc., Titan Medical Inc., and Zimmer Biomet Holdings Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our market analysis and report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive market growth during the next five years
• Precise estimation of the market size and its contribution to the parent market
• Accurate predictions and market reporton upcoming trends and changes in consumer behavior
• Market growth analysis across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information on companies
• Market forecasting of factors that will challenge the growth of market companies

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