Originally published on Technavio:Robotic Medical Imaging Systems Market Analysis - Forecast and Analysis 2022-2026

The anticipated growth of the Robotic Medical Imaging Systems Market is USD 621.24 million at a Compound Annual Growth Rate (CAGR) of 14.1% between 2021 to 2026. The escalating prevalence of chronic diseases is a pivotal driver propelling market expansion. Notably, partnerships fostering innovation emerge as a significant trend shaping the market landscape. Moreover, a surge in research and development endeavors to augment system capabilities characterizes another noteworthy trend in this burgeoning market.

Market Segmentation

This market trends and analysis report comprehensively covers segmentation by product (X-ray, ultrasound, MRI, and CT-scan) and geography (North America, Europe, APAC, South America, and the Middle East and Africa).

Significant growth in market share is anticipated in the X-ray segment during the forecast period. X-ray, a traditional medical imaging technique, exposes electromagnetic radiation to produce internal organ images. This segment witnesses numerous technological advancements.

Market Dynamics

The increasing prevalence of chronic diseases notably propels the growth of the robotic medical imaging systems market, although high costs associated with these systems may hinder market expansions.

Key Drivers

The surge in chronic diseases' prevalence stands as a major driver impacting market growth. Specialized physicians and hospitals in oncology treatments are expected to adopt robotic medical imaging systems for cancer and tumor screening, facilitating shorter treatment duration and higher patient throughput. This adoption can lead to increased daily treatments, consequently boosting revenue. With the rising preference for non-invasive surgeries, patients increasingly opt for such treatments over traditional radiation treatments. Complex tumor operations necessitate highly sophisticated, flexible, and adaptable imaging systems, contributing to the growing adoption of robotic medical imaging systems in healthcare facilities.

Key Trends

Partnerships aimed at driving innovation constitute a major trend influencing market growth. In the early growth stage of the market, rapid research and development to enhance system capabilities emerge as a significant trend. Industry players, government organizations, and researchers collaborate for this purpose. For instance, Siemens and KUKA collaborated with European universities to develop a robotic solution with improved precision. The MRI and Ultrasound Robotic Assisted Biopsy (MURAB) project, funded by the EU's Horizon 2020 initiative, focuses on robotics development, receiving USD 4.6 million. Canon partnered with Massachusetts General Hospital and Brigham and Women's Hospital to establish the Healthcare Optics Research Laboratory in the US, driving research and development in image-guided medical activities using robots. SRI developed robotic technology for Verb Surgical, a collaboration between Verily and Ethicon, a Johnson & Johnson medical device company, aiming to enhance surgical processes through integrated technologies like data analysis, advanced imaging, and artificial intelligence.

This market growth analysis report also provides detailed insights into other upcoming trends and challenges that will significantly impact market growth. The actionable insights on trends and challenges aid companies in evaluating and developing growth strategies for 2022-2026.

Major Companies in the Robotic Medical Imaging Systems Market

The market research and growth report analyze the market's competitive landscape and provide information on several market vendors, including:

Zimmer Biomet Holdings Inc

This statistical study encompasses successful business strategies deployed by key vendors in a fragmented market. The report offers in-depth insights into key vendor profiles, providing information on production, sustainability, and prospects of leading companies.

Market Value Chain Analysis

The market forecasting report extensively covers value chain analysis, enabling vendors to gain a competitive advantage during the forecast period. A comprehensive understanding of the value chain is crucial for optimizing profit margins and evaluating business strategies. The data in the value chain analysis segment assists vendors in cost management and enhancing customer services during the forecast period.

Key Regions for the Market

Robotic Medical Imaging Systems Market Share by Geography

North America is expected to contribute 46% to the market's growth during the forecast period. The US and Canada are key markets in North America, experiencing faster growth than other regions.

The upsurge in healthcare expenditures and increased investment in healthcare robotics will facilitate market growth in North America over the forecast period. This market research report provides detailed information on competitive intelligence, marketing gaps, and regional opportunities, assisting vendors in creating efficient business plans.

Market Overview

The Medical Robotic Systems Market is witnessing significant growth due to technological advancements and the increasing demand for minimally invasive surgical procedures. The rise in

the geriatric population and trauma injuries has led to a surge in surgeries, particularly laparoscopic ones. Technologies such as motion sensors, HD surgical cameras, and robotic catheter control systems enhance precision and efficiency in surgeries. Remote navigation and FDA clearances contribute to increased adoption rates. Innovations like ReWalk Robotics and ReStore soft exo-suit system aid in rehabilitation. However, challenges such as high prices, maintenance costs, and labor shortages persist. Regulatory strategies and operational efficiencies are crucial amidst the healthcare crisis caused by COVID-19. Notable companies in the market include AdEchoTech, Auris Health Inc.

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 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.

The market dynamics include parent market analysis, inducers and obstacles to market growth, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis, future consumer dynamics, and market condition analysis for the forecast period.

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