Robotic Endoscopy Devices Market Size

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.

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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.