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Robotic medical imaging market share from the X-rays devices segment is anticipated to surpass USD 2.5 billion by 2032 as they make disease diagnostics painless and non-invasive. Robots make it possible to scan materials with x-rays from different angles, which improves and simplifies the process of finding medical anomalies. In February 2023, MedTech start-up Nanoflex Robotics has secured $12 million financing to commercialize its robotic platform and accelerate the development of new neuro-interventional products.
Robotic medical imaging market from the hospital end-use is anticipated to observe nearly 13% CAGR from 2023 to 2032. Patients prefer hospitals for medical treatments as they offer multiple benefits like cutting-edge infrastructure and availability of highly skilled professionals. Hospitals are upgrading their infrastructure with cutting-edge medical equipment to improve patient experience and offer quality healthcare services. The increasing hospitalization rate is another factor contributing to the demand for robotic medical imaging.
Europe robotic medical imaging market is expected to reach over USD 2.9 billion by 2032 due to the high level of disposable income and medical expenditure in the region. As per a study by Eurostat, in 2020, the EU Member States, France (12.2 %) and Germany (12.8 %) had the highest healthcare expenditure relative to GDP. Strategic expansion activities by regional industry players to strengthen their market position and broaden their product line is expected to promote market development.