Gamma Ray-based Robots Market
Gamma Ray-based Robots Market, By Technology (Artificial Intelligence, Machine Vision, Collaborative Robots, Twin Robotics), End-use Industry (Healthcare, Food & Beverages, Nuclear, Astronomy, Electronics) - Global Market Insights 2022 to 2027
Gamma Ray-based Robots Market Outlook (2022-2027)
As of 2022, the global gamma ray-based robots market stands at a valuation of US$ 2.5 billion and is projected to reach US$ 3.5 billion by the end of 2027. This is because worldwide sales of gamma ray-based robots are forecasted to increase at a CAGR of 6.9% over the 2022-2027 study period.
Demand for gamma ray-based robots in China is anticipated to rise at an impressive CAGR of 9.4%, owing to advancements in robotic technologies and the growing scope of application of gamma rays in various industry verticals.
Gamma Ray-based Robots Market Size (2022)
US$ 2.5 Billion
Projected Market Value (2027F)
US$ 3.5 Billion
Global Market Growth Rate (2022-2027)
China Market Value (2027F)
US$ 695 Million
Japan Market Growth Rate (2022-2027)
United States Market Value (2022)
US$ 605 Million
Canada Market Growth Rate (2022-2027)
Key Companies Profiled
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Revenue Analysis of Gamma Ray-based Robots (2017-2021) in Comparison to Market Forecasts (2022-2027)
Digitization across the world has led to a notable increase in technological proliferation across various industry verticals and the growing popularity of automation has led to the high adoption of robotic technologies. The market for gamma ray-based robots is governed by the increasing scope of application of gamma rays in industry verticals such as healthcare, food and beverages, nuclear, etc.
Increasing investments in the development of advanced robotics technologies and rapid adoption of these advanced technologies are anticipated to drive gamma ray-based robot sales over the coming years. The market for gamma ray-based robots is projected to expand at a 6.9% CAGR from 2022 to 2027.
A rising aging population, increased healthcare expenditure, growing focus on food safety, stringent norms to ensure sterilization of various equipment and products, and development of advanced robotic technologies are anticipated to positively impact gamma ray-based robots market growth. These factors are also anticipated to supplement growth in the radiotherapy robotics market size through 2027.
However, gamma ray-based robot demand is anticipated to be hampered by high development and manufacturing costs over the coming years.
What’s Augmenting Gamma Ray-based Robot Sales?
“Rising Prevalence of Cancer to Favor Demand for Gamma Ray-based Robots”
The world has witnessed a notable increase in the prevalence of various chronic diseases and cancer is one of the most common chronic diseases that is rising in incidence. A growing number of people suffering from breast cancer, lung cancer, prostate cancer, etc. are projected to uplift gamma ray-based robot sales over the coming years since gamma rays are used in cancer treatments to kill cancerous cells.
Improper exposure to gamma radiation can lead to adverse effects on human health and hence, demand for robotic gamma spectrometers is expected to witness a rise through 2027 as they can effectively identify the intensity of gamma rays.
“Growing Demand for Sterilization in Food & Beverages Industry”
The food and beverages industry has evolved rapidly over the past few years owing to increased consumption by the growing population. Stringent government mandates for food sterilization and rising concerns for food safety are expected to drive shipments of gamma ray-based robots over the next five years.
“High Cost of Gamma Ray-based Robots to Obstruct Market Progress”
Gamma ray-based robots are expensive in nature owing to the use of advanced robotic technologies used in their manufacturing and development processes. Integration of advanced technologies further increases the costs and this leads to lower sales of gamma ray-based robots.
This trend is expected to be rife over the next five years and is anticipated to slow down global gamma ray-based robots market growth.
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How Can Innovation in Gamma Ray-based Robots Shape the Future of Robotics in Healthcare?
“Aspiring Market Players Expected to Focus on Development of Gamma Ray-based Robots Integrated with Advanced Technologies”
New companies in the gamma ray-based robots marketplace are anticipated to especially focus on innovation and development of medical robotics technology to make a prominent mark in the industry owing to the rising use of advanced robotics in the healthcare industry.
Rising awareness of hospital-acquired infections (HAIs) and growing demand for sterilization have given rise to the demand for gamma ray-based robots as they provide excellent sterilization. Robot-assisted radiotherapies are also gaining popularity as they are proving more effective in controlling the radiation that is generated in these treatments and hence reducing overall risk for patients and caregivers alike.
Integration of advanced technologies such as machine vision, artificial intelligence, deep learning, etc., will further cement a bright future of robotics in the healthcare industry.
How Will the Gamma Ray-based Robots Market Perform on a Regional Level?
“Global Gamma Ray-based Robot Sales Led by North America”
The North America gamma ray-based robots market accounts for a notable market share in the global landscape and is expected to maintain a similar stance over the next five years. The presence of developed healthcare infrastructure and high healthcare expenditure are expected to prominently govern gamma ray-based robot demand in this region.
Technological advancements and the presence of key gamma ray-based robot manufacturers are also expected to favor market growth over the coming years. The Canada gamma ray-based robots market is slated to evolve at a CAGR of 5% over the next five years.
The market for gamma ray-based robots in Europe is expected to witness a steady hike in growth owing to a rising aging population, increasing incidence of chronic diseases such as cancer, and the presence of various food and beverage manufacturers. The Germany gamma ray-based robots market is projected to expand at a CAGR of 4.9% over the next five years.
Gamma-ray imaging systems are anticipated to witness high demand in the Asia Pacific region owing to rising investments in healthcare infrastructure development and rising use of robotic technology in several applications. The presence of food and beverage manufacturers and rapid advancements in robotic technologies in this region are also expected to alter gamma ray-based robots market potential across the forecast period.
Emerging economies such as India and China are anticipated to witness a rise in gamma ray-based robot shipments owing to supportive initiatives from governments and increasing advancements in robotic technologies. Sales of gamma ray-based robots in Japan are projected to increase at a CAGR of 3.5% through 2027.
The market for gamma ray-based robots in China is anticipated to be a highly rewarding one for gamma ray-based robots companies and is predicted to account for a US$ 695 million value by the end of 2027.
What Attracting Gamma Ray-based Robot Vendors towards the United States?
“Rapid Adoption of Advanced Technologies & Developed Digital Infrastructure”
The United States is one of the most technologically advanced nations in the world and this makes it a highly opportunistic market for all types of technologies. Robotic technologies are expected to gain prominent popularity in the country over the coming years as automation becomes a mainstream trend in several industries.
Developed digital infrastructure, presence of key robotic technology providers, high per capita spending potential, rapid adoption of advanced technologies, and high investments in R&D are other factors that favor gamma ray-based robots market growth in the U.S.
At present, the gamma ray-based robots market in the United States is valued at around US$ 605 million.
Which Industry Should Companies in the Gamma Ray-based Robots Marketplace Invest In?
“Healthcare Sector to Provide Promising Growth Prospects for Gamma Ray-based Robot Suppliers”
The global gamma ray-based robots market, based on end-user industry, is segmented into healthcare, food & beverages, nuclear, astronomy, electronics, and other end-user industries.
The healthcare industry is projected to be the most attractive industry for manufacturers and investors owing to rapid advancements in medical robotics technology and high healthcare expenditure. Growing awareness of HAIs is also anticipated to drive demand for gamma ray-based sterilization robots.
Rising focus on food safety and implementation of stringent norms by governments to ensure the same is also expected to drive gamma ray-based robot demand in the food and beverage industry over the years to come.
Gamma ray-based robot manufacturers are expected to increase their investments in the R&D sector to create innovative solutions and fast-track product launches. Gamma ray-based robot companies are expected to adopt various other strategies to expand their business potential and sales revenue.
These strategies have been detailed in this latest gamma ray-based robots research report by Fact.MR, a market research and competitive intelligence provider.
Some of the key market players profiled in this report are Huiheng Medical Inc., Varian Medical Systems Inc., Accuray Incorporated, ViewRay Inc., Best Theratronics Ltd., and BrainLAB AG.
Key Segments in Gamma Ray-based Robots Industry Research
By Technology :
- Artificial Intelligence
- Machine Vision
- Collaborative Robots
- Twin Robotics
- Other Technologies
By End-user Industry :
- Food & Beverages
- Other End-user Industries
By Region :
- North America
- Latin America
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