PUBLISHER: The Business Research Company | PRODUCT CODE: 1526822
PUBLISHER: The Business Research Company | PRODUCT CODE: 1526822
Robot-assisted endoscopy involves the utilization of robotic technology to aid in conducting endoscopic procedures, facilitating enhanced precision and maneuverability during diagnostic or therapeutic interventions within the body. This represents a significant advancement in medical technology, merging robotics with endoscopic techniques to enhance the diagnosis and treatment of various gastrointestinal and other internal conditions.
The primary product categories of robot-assisted endoscopes include diagnostic and therapeutic variants. Diagnostic robot-assisted endoscopes empower healthcare professionals to visualize internal organs and tissues, enabling the identification of abnormalities, tumors, or lesions. These devices find applications in procedures such as laparoscopy, bronchoscopy, and colonoscopy, catering to end users such as hospitals, ambulatory surgical centers, and other healthcare facilities.
The robot assisted endoscope market research report is one of a series of new reports from The Business Research Company that provides robot assisted endoscope market statistics, including robot assisted endoscope industry global market size, regional shares, competitors with a robot assisted endoscope market share, detailed robot assisted endoscope market segments, market trends and opportunities, and any further data you may need to thrive in the robot assisted endoscope industry. This robot assisted endoscope market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The robot assisted endoscope market size has grown rapidly in recent years. It will grow from $2.01 billion in 2023 to $2.3 billion in 2024 at a compound annual growth rate (CAGR) of 14.4%. During the historical period, growth can be attributed to several factors, including the increasing prevalence of gastrointestinal illnesses, the rising adoption of robot-assisted procedures in healthcare facilities, growing awareness among healthcare professionals and patients, the expansion of healthcare infrastructure in emerging markets, and the increase in regulatory approvals and reimbursement policies.
The robot assisted endoscope market size is expected to see rapid growth in the next few years. It will grow to $3.97 billion in 2028 at a compound annual growth rate (CAGR) of 14.6%. In the forecast period, growth is expected to be driven by various factors, including the increasing geriatric population and prevalence of chronic diseases, rising healthcare expenditure and investments, growing adoption of telemedicine and remote surgical procedures, a shift towards value-based healthcare delivery models, and the expansion of indications and applications for robot-assisted endoscopes. Major trends anticipated during this period include advancements in imaging technology, the miniaturization of endoscopic devices and instruments, the development of flexible and steerable endoscopes, the integration of augmented reality (AR) and virtual reality (VR) technologies, and the adoption of cloud-based platforms for remote monitoring, data analytics, and collaborative decision-making.
The rising prevalence of gastrointestinal diseases is expected to drive the expansion of the robot-assisted endoscope market in the foreseeable future. Gastrointestinal ailments encompass a range of medical conditions affecting the digestive tract, including the stomach, intestines, liver, and pancreas. Factors contributing to the increased incidence of gastrointestinal illnesses include shifts in dietary patterns, consumption of contaminated food or water, infections from pathogens, and lifestyle choices such as sedentary habits, smoking, and alcohol consumption. Robot-assisted endoscopes aid in the diagnosis and treatment of gastrointestinal diseases by providing healthcare providers with improved visualization and maneuverability during procedures, thereby enhancing patient outcomes and facilitating early detection and intervention. For example, in January 2023, the American Cancer Society (ACS) reported a 3.18% increase in gastrointestinal cancer cases in the United States, rising to 348,840 compared to 338,090 in 2021. Thus, the growing prevalence of gastrointestinal diseases acts as a catalyst for the expansion of the robot-assisted endoscope market.
Prominent companies in the robot-assisted endoscope sector are concentrating on integrating innovative medical technologies such as aspherical lenses to enhance visualization and mitigate distortion. Aspherical lens technology enhances image quality, resolution, and minimizes optical anomalies in optical systems, enabling more precise and accurate visualization of internal structures and augmenting diagnostic capabilities during medical procedures. For instance, in February 2023, AnX Robotica Corporation launched the NaviCam Small Bowel System, leveraging features such as aspherical lens technology to reduce distortion and expand the field of vision, critical for precise diagnoses of minor bowel diseases. Moreover, the system enhances efficiencies for clinicians and patients by significantly reducing download and processing times, facilitating prompt analysis and diagnosis.
In May 2023, Creo Medical Group plc forged a long-term collaboration agreement with Intuitive Surgical Inc., a medical device company specializing in minimally invasive care, robotic-assisted surgery, and endoscopic devices. Under this agreement, Creo will optimize specific products to be compatible with Intuitive's robotic technology, alongside provisions for joint clinical studies, bolstering advancements in robot-assisted endoscopy.
Major companies operating in the robot assisted endoscope market are Johnson And Johnson Inc., Medtronic plc., Siemens Healthineers, Fujifilm Holdings Corporation, Stryker Corporation, Olympus Corporation, Intuitive Surgical Inc., Karl Storz SE And Co. KG, Renishaw plc, Pentax Medical, Accuray Incorporated, CMR Surgical Ltd., Meere Company Inc, Avatera Medical GmbH, Stereotaxis Inc., Titan Medical Inc., Microbot Medical Inc., Verb Surgical, Medrobotics Corporation, Levita Magnetics Inc., Asensus Surgical Inc, FlexDex Surgical Inc., EndoControl SA, Renovis Surgical Technologies Inc., Medineering GmbH
North America was the largest region in the robot assisted endoscope market in 2023. The regions covered in the robot assisted endoscope market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the robot assisted endoscope market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The robot-assisted endoscope market consists of sales of robotic endoscopic systems, endoscopic instruments and accessories, imaging systems, navigation systems, software solutions for planning and guidance, and consumables such as disposable components and sterilization products essential for endoscopic procedures. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Robot Assisted Endoscope Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on robot assisted endoscope market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for robot assisted endoscope ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The robot assisted endoscope market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.