Robotic Endoscopy Devices Market - By Product Type (Diagnostic, Therapeutic), Application (Colonoscopy, Bronchoscopy, Laparoscopy, Gastroscopy), End-use (Hospitals, Ambulatory Surgical Centers) – Global Forecast, 2024 – 2032
Report ID: GMI8222
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Published Date: February 2024
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Report Format: PDF
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Base Year: 2023
Companies covered: 12
Tables & Figures: 206
Countries covered: 22
Pages: 110
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Robotic Endoscopy Devices Market
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Robotic Endoscopy Devices Market Size
Robotic Endoscopy Devices Market size was valued at around USD 2.4 billion in 2023 and is estimated to expand at 11% CAGR from 2024 to 2032, owing to the rising prevalence of gastrointestinal disorders and other chronic ailments, coupled with surging demand for minimally invasive procedures.
The increasing incidence of gastrointestinal disorders and other chronic illnesses, such as ulcerative colitis, irritable bowel syndrome, chronic constipation, diverticular disease, gallstones, and hemorrhoids, among others, is one of the prime factors driving the demand for robotic endoscopic devices. The rise in gastrointestinal diseases is due to various factors, including increased antibiotic usage, poor dietary choices, sedentary lifestyle, exposure to environmental toxins, and the growing proportion of aging demographics.
For instance, according to a study published in the Gastroenterology journal in 2020, functional gastrointestinal disorders (FGIDs) exhibit a substantial global prevalence, affecting approximately 40% of the general populace with at least one FGID. Additionally, the as per the Global Burden of Diseases, Injuries, and Risk Factors Study (GBD) conducted in 2019, states that digestive diseases constituted 2.3 billion estimated prevalent cases, resulting in 2.56 million deaths and 89 million DALYs (Disability-Adjusted Life Years) worldwide.
Robotic endoscopic devices are advanced medical instruments equipped with robotic technology that assist in performing endoscopic procedures. These devices are designed to enhance precision, control, and maneuverability during endoscopic examinations and interventions within the body's cavities and organs.
Robotic Endoscopy Devices Market Trends
The increasing technological adaptability of robotic endoscopy devices is predicted to propel their rising demand globally. The robotic technology enables numerous advancements in the devices and rapid utilization of such developments in the surgical procedures, thereby, increasing the products demand.
Robotic Endoscopy Devices Market Analysis
Based on product type, the market is segmented into diagnostic and therapeutic. The therapeutic segment held dominating revenue share in 2023 and is anticipated to reach USD 5.9 billion by 2032.
Based on applications, the robotic endoscopy devices market is segmented into colonoscopy, bronchoscopy, laparoscopy, gastroscopy, and other applications. The laparoscopy segment held leading revenue share and was valued at over USD 1.6 billion in 2023.
The robotic endoscopy devices market by end-use is categorized into hospitals, ambulatory surgical centers, and other end users. The hospital segment dominates the market accounting for around USD 1.5 billion in 2023.
North America robotic endoscopy devices market accounted for around USD 1.5 billion revenue in 2023 and is predicted to witness substantial market growth.
Robotic Endoscopy Devices Market Share
The robotic endoscopy devices industry is competitive in nature, with several large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel advanced products based on different technologies is among a key market strategy. Some of the leading industry players including Intuitive Surgical, Olympus Corporation, Boston Scientific Corporation, Brainlab AG and CONMED Corporation among others have a notable presence in the market.
Robotic Endoscopy Devices Market Companies
Some of the eminent market participants operating in the robotic endoscopy devices industry include:
Robotic Endoscopy Devices Industry News:
Robotic endoscopy devices market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments:
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Market, By Product Type
Market, By Application
Market, By End-use
The above information is provided for the following regions and countries: