Global Robot Assisted Endoscopy Market, By Product (Diagnostic, Therapeutic), Application (Laparoscopy, Bronchoscopy, Colonoscopy), End-User (Hospitals, Ambulatory Surgical Centers, Others) – Industry Trends and Forecast to 2029.
Robot Assisted Endoscopy Market Analysis and Size
The market for robotic assisted endoscopy was estimated to be worth USD 1.84 billion worldwide in 2021 and is projected to grow at a CAGR of 15.05% during the forecast period. The main drivers of the rise include an increasing demand for minimally invasive surgical (MIS) procedures, new product approvals by regulatory agencies including the U.S. Food and Drug Administration (FDA), and the high prevalence of chronic conditions.
Data Bridge Market Research analyses that the robot assisted endoscopy market which was USD 1.84 billion in 2021, would rocket up to USD 5.66 billion by 2029, and is expected to undergo a CAGR of 15.05% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Robot Assisted Endoscopy Market Scope and Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014 - 2019)
|
|
Quantitative Units
|
Revenue in USD Billion, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Product (Diagnostic, Therapeutic), Application (Laparoscopy, Bronchoscopy, Colonoscopy), End- User (Hospitals, Ambulatory Surgical Centers, Others)
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
|
|
Market Players Covered
|
Intuitive Surgical Inc (U.S.), Stryker (U.S.), Medrobotics Corporation (U.S), Johnson & Johnson Private Limited (U.S.), Globus medical (U.S.), NuVasive Inc. (U.S.), Smith + Nephew (U.K.), Titan Medical Inc (Canada), TransEnterix Inc (U.S.), University of Pittsburgh Medical Center (U.S.), Mazor Robotics (Israel), Auris Health Inc. (U.S.), Corindus Inc. (U.S.), Renishaw plc (U.K.), Medineering GmbH (Germany)
|
|
Market Opportunities
|
|
Market Definition
Endoscopic is a minimally invasive technique that uses a variety of endoscopy equipment to perform surgeries and conduct investigations. Endoscopic procedures can use a variety of cutting-edge actuation strategies provided by robotic endoscopy devices to lessen stress to the target area. Robotics technology developments are anticipated to spur innovation and address unmet needs in robotic endoscopic operations.
Robot Assisted Endoscopy Market Dynamics
Drivers
- Increasing demand for minimally invasive surgical treatments
The market will develop faster due to rising demand for minimally invasive surgical treatments. The popularity of robot-assisted surgeries, rising investment in the development of robotic systems, and rising preference for automation using robotic systems to reduce errors and avoid complications are a few additional factors that will further accelerate the robot assisted endoscopy market in the forecast period of 2022 to 2029.
- Rise in chronic diseases
The increased prevalence of chronic diseases, such as pancreatic malignancies, inflammatory bowel diseases, and gastroesophageal reflux disease (GERD), among all age groups as a result of unhealthy lifestyles and the rising elderly population, are the main factors contributing to the market's rise.
Opportunities
The market's growth is fuelled by an increase in the number of research and development activities. This will provide beneficial opportunities for the market growth.
Moreover, rising number of emerging markets and new product launches will further provide beneficial opportunities for the market growth during the forecast period.
Restraints/Challenges
On the other hand, the high cost of the endoscopy procedures and lack of skilled and trained professionals will obstruct the market's growth rate. The dearth of skilled professionals and lack of healthcare infrastructure in developing economies will challenge the market.
This robot assisted endoscopy market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the robot assisted endoscopy market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Robot Assisted Endoscopy Market
The market for robot assisted endoscopy is anticipated to be considerably affected by the COVID-19 pandemic. Global lockdowns have greatly affected the diagnostics and imaging sector and reduced public mobility. The non-urgent diagnostic procedures and screening programmes were delayed to reduce the strain on the healthcare system. ?
Recent Development
- In February 2021, A second European Surgical Training Site for Senhance Digital Laparoscopy was established to a collaboration between Asensus Surgical Inc. and the Amsterdam Skills Centre (ASC) in the Netherlands.
- in March 2021, Asensus Surgical Inc. announced in March 2021 that the Senhance Surgical System had received FDA clearance in the United States. This robotic device is recommended for general surgery operations, including endoscopy.
Global Robot Assisted Endoscopy Market Scope
The robot assisted endoscopy market is segmented on the basis of product, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Diagnostic
- Therapeutic
Application
- Laparoscopy
- Bronchoscopy
- Colonoscopy
End- User
- Hospitals
- Ambulatory Surgical Centers
- Others
Robot Assisted Endoscopy Market Regional Analysis/Insights
The robot assisted endoscopy market is analysed and market size insights and trends are provided by country, product, application and end-user as referenced above.
The countries covered in the robot assisted endoscopy market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the robot assisted endoscopy market due to the growing number of geriatric population along with adoption of innovative medical technology.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the rising health awareness among the people and growing demand of advanced medical technology.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The robot assisted endoscopy market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for robot assisted endoscopy market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the robot assisted endoscopy market. The data is available for historic period 2010-2020.
Competitive Landscape and Robot Assisted Endoscopy Market Share Analysis
The robot assisted endoscopy market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to robot assisted endoscopy market.
Some of the major players operating in the robot assisted endoscopy market are:
- Intuitive Surgical Inc (U.S.)
- Stryker (U.S.)
- Medrobotics Corporation (U.S.)
- Johnson & Johnson Private Limited (U.S.)
- Globus medical (U.S.)
- NuVasive Inc. (U.S.)
- Smith + Nephew (U.K.)
- Titan Medical Inc (Canada)
- TransEnterix Inc (U.S.)
- University of Pittsburgh Medical Center (U.S.)
- Mazor Robotics (Israel)
- Auris Health Inc. (U.S.)
- Corindus Inc. (U.S.)
- Renishaw plc (U.K.)
- Medineering GmbH (Germany)
SKU-