The surgical medical specialty is an exciting and rapidly growing area of medicine with many new technologies and procedures to deliver in-depth, accurate results. Robotic-assisted imaging makes diagnostics and surgery safer for patients by allowing for a more precise and minimally invasive procedure.
The global robotic-assisted imaging technologies market was valued at $617.7 million in 2020 and is projected to reach $2,207.8 million by the end of 2030, growing at a CAGR of 13.74% during the forecast period 2021-2030.
Robotic-assisted imaging technology involves imaging and robotics technology to create a computer-controlled and self-powered mechanism that is simple to handle. Primarily utilized in the medical sector, image-guided procedures can play a critical role in performing robot-assisted surgeries. Medical practitioners actively use the methodology for diagnosing and operating liver tumors with multiple needle insertions that are guided by 3D infrared imaging models.
Robotic-guided surgeries play a vital role in performing biopsies of abnormal tissues in the esophagus–the technology is known as laser capture microdissection.
Interestingly, in maximum cases, the minimally invasive surgeries done are remarkably painless of the patient and less stressful for the medical practitioners.
Robotic surgeries substitute for the skilled hands of a surgeon with equal effectiveness. It improves the accuracy and enables the usage of those incredibly small tools that can efficiently operate on minor incisions.
Such robotic surgeries can reduce the risk of causing damage to surrounding tissues, and the robotic equipment is programmed for working for long hours, unlike human doctors who are subjected to fatigue.
The best part about robotic tools is that they are computer-controlled; surgeons can even perform long-distance surgeries using this technique. The first-ever entirely remote surgery was recorded on September 07, 2001, where a French doctor in NYC performed computer-controlled surgery on a 68-year-old woman in France.
The growth driving factors for the rise in demand for image-guided robotics solutions include the popularity of robotic-assigned imaging technology, advancing robotics and imaging technologies, evolving features and characteristics, and rapid application of the technology.
Other contributing factors to the growth of the market are demand for shortening of hospital stay and better patient recovery. Clearly, these are encouraging indications of a highly promising future for technologically advanced robots in the healthcare sector.
There are many opportunities that have a high potential to change the healthcare technology landscape dramatically. One opportunity is the prevalence of misdiagnosis, a problem that plays directly into the benefits of using robotics in surgery and diagnostics.
North America is expected to dominate the robotic-assisted imaging technologies market throughout the period 2021-2030. The growth in the market is mainly driven by the increasing research and development initiatives and numerous companies being located in the U.S.
Although raised costs of robotics surgeries remain a matter of concern, it can be compensated for the long-run benefit of minimally invasive procedures and no recurring costs for cumbersome medical visits.
The wide range of applications of robotics-assisted imaging technologies is another reason behind its swift adoption among the masses.
The robotic-assisted imaging technologies market has witnessed several strategic and technological developments from January 2017 to November 2017, undertaken by different companies in order to attain their respective shares in this emerging domain.
Some strategies covered in this segment are business expansion, product development and upgrade, collaborations, partnerships, regulatory approvals, funding activities, mergers, and acquisitions. The preferred strategy for companies has been regulatory activities.