Robotic Endoscopy Devices Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.58 Billion |
| Market Size (2029) | USD 4.72 Billion |
| CAGR (2024 - 2029) | 12.82 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Robotic Endoscopy Devices Market Analysis
The Robotic Endoscopy Devices Market size is estimated at USD 2.58 billion in 2024, and is expected to reach USD 4.72 billion by 2029, growing at a CAGR of 12.82% during the forecast period (2024-2029).
The COVID-19 pandemic has significantly impacted the robotic endoscopic devices market. The global lockdowns decreased public mobility and significantly impacted the diagnostics and imaging industry. The diagnostic procedures and screening programs, which were non-immediate, were postponed to decrease the burden on healthcare infrastructure. For instance, the article published by UCL in March 2021 mentioned that by January 2021, a backlog of nearly half a million endoscopic procedures, which were essential for diagnosing gastrointestinal cancers and diseases, was built up during the COVID-19 pandemic.
The article also mentioned that the number of endoscopies after the lockdown in the United Kingdom fell by more than 90%. Such a drastic reduction in endoscopic procedures due to the strict lockdown regulations had a notable impact on the growth of the market. However, as the lockdowns were eased in most countries, robotic and conventional endoscopic procedures experienced greater momentum. The market is expected to grow at a significant rate during the forecast period.
The major factors contributing to the market's growth are the rising prevalence of chronic diseases, such as pancreatic cancer, inflammatory bowel disease, and gastroesophageal reflux disease (GERD), among people of all age groups due to unhealthy lifestyles. As per the International Foundation for Gastrointestinal Disorders (IFFGD), published in February 2021, 10%-15% of the global population was affected by irritable bowel syndrome at that time. 糖心vlog传媒 25-45 million people were afflicted with the disease in the United States, necessitating a high requirement for advanced technologies in endoscopy.
According to a report published by the Centers for Disease Control and Prevention (CDC) on World IBD Day (May 19, 2021), about 7 million around the world suffer from IBD. The report also stated that the rate of prevalence of the disease has significantly increased during the last two decades. Robotic endoscopy for patients with IBD is feasible, safe, and improves clinical and surgical outcomes. Such benefits of robotic endoscopy in diagnosing irritable bowel syndrome and inflammatory bowel syndrome are expected to drive the demand, thereby boosting the growth of the market.
Increasing investments in technological innovations in endoscopy visualization systems by various market players are expected to boost the growth of the market during the forecast period. For instance, in September 2022, Virtuoso Surgical announced USD 20 million for developing endoscopic surgical robots. The surgeries conducted will include bladder cancer, uterine fibroids, enlarged prostate, central airway obstruction removal, and endoscopic neurosurgery, among others.
However, highly expensive surgical endoscopic procedures, troublesome repayment approaches, and stringent regulatory reforms are expected to restrain the growth of the market during the forecast period.
Robotic Endoscopy Devices Market Trends
Laparoscopy is Expected to Hold the Largest Market Share in the Robotic Endoscopy Devices Market
Laparoscopy is a type of surgery in which a small incision is made in the body, such as the abdominal wall, through which a laparoscope and other instruments can be placed to allow structures within the internal body cavity to be seen. Robot-assisted laparoscopic surgery helps surgeons provide improved patient care by converting procedures that would have otherwise been performed by laparotomy into minimally invasive procedures.
Laparoscopic procedures are expected to account for the highest market revenue due to a rise in bowel diseases and an increased preference for and adoption of laparoscopic techniques, owing to the recent advancements in laparoscopy and minimally invasive therapeutic procedures. As per the IDF Diabetes Atlas 10th edition, the number of adults with diabetes in Europe is expected to reach 67 million by 2030 and 69 million by 2045. Laparoscopy plays a vital role in performing surgeries in diabetic patients where minimal invasiveness is crucial. Thus, the increasing burden of diabetes is expected to boost the growth of the market segment during the forecast period.
As per an article published by the World Laparoscopy Hospital in May 2023, the primary advantage of using AI in laparoscopic surgery is the potential for enhanced precision and accuracy. AI systems can be trained on vast amounts of surgical data, learning from the successes and mistakes of thousands of surgeries. As a result, these systems can provide highly precise guidance during surgical procedures, thereby reducing the likelihood of human error. Thus, the benefits associated with robot-assisted laparoscopy are expected to boost the growth of the segment during the forecast period.
Additionally, the increasing launches of various advanced laparoscopy techniques in order to meet the growing demand for effective laparoscopy are expected to fuel the market growth over the forecast period. For instance, in February 2021, Cambridge-based medical device company, CMR Surgical (CMR), launched Versius Surgical Robotic System to perform minimal access surgery (MAS), also known as laparoscopic or keyhole surgeries. Thus, such factors are likely to drive market growth during the forecast period.
North America is Expected to Hold Significant Share in the Market During the Forecast Period
North America is expected to hold a notable market share in the robotic endoscopy devices market during the forecast period. An increasing number of target diseases and a rising population with a higher prevalence of gastrointestinal disorders are expected to drive market growth.
The availability of advanced robotic endoscopies and their adoption for surgeries across the region are also expected to drive the growth of the market during the forecast period. For instance, as per the data published by the City of Hope Cancer Center in May 2022, the Flex robotic system is a surgical system with a flexible robotic endoscope. This minimally invasive technology allows surgeons to access hard-to-reach areas of the mouth and throat.
The Cancer Treatment Centers of America (CTCA) otolaryngology surgeons who perform surgeries by using the Flex robotic system are highly trained to use this technology to treat patients with head and neck cancers. Such availability of advanced robotic endoscopic devices in North America shows the adoption of advanced technologies. This situation is expected to boost the growth of the market during the forecast period.
Several companies are launching products associated with robotic endoscopy in the United States. In March 2021, Asensus Surgical Inc. announced the FDA clearance of the Senhance Surgical System in the United States. This robotic system is indicated in general surgery, including endoscopy procedures. Thus, the rising prevalence of bowel diseases, the rising geriatric population, and the presence of key market players with continuous product developments are expected to boost the growth of the market in this region during the forecast period.
Robotic Endoscopy Devices Industry Overview
The robotic endoscopy devices market is moderately consolidated. It consists of a few major players. The competitive landscape includes an analysis of a few international and local companies that hold large market shares and are well-known. Some of the companies that currently dominate the market are Intuitive Surgical Inc., Asensus Surgical Inc., Johnson & Johnson, Brainlab AG, and Medrobotics Corporation.
Robotic Endoscopy Devices Market Leaders
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Brainlab AG
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Medrobotics Corporation
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Johnson & Johnson
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Intuitive Surgical Inc.
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Asensus Surgical Inc.
*Disclaimer: Major Players sorted in no particular order
Robotic Endoscopy Devices Market News
- In January 2024, AnX Robotica has received de novo clearance from the United States Food and Drug Administration (FDA) for its artificial intelligence (AI)-assisted endoscopy tool NaviCam ProScan.
- In October 2023, Olympus Corporation announced the market launch of its next-generation EVIS X1 endoscopy system.
Robotic Endoscopy Devices Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Geriatric Population and Rise in Prevalence of Obesity and Diabetes
4.2.2 New Product Launches with Advanced Technologies and Preference for Minimally Invasive Procedures
4.3 Market Restraints
4.3.1 Highly Expensive Surgical Endoscopic Procedures and Troublesome Repayment Approaches
4.3.2 Stringent Regulatory Reforms Due to Patient Safety Concerns
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD)
5.1 By Product
5.1.1 Diagnostic
5.1.2 Therapeutic
5.2 By Application
5.2.1 Laparoscopy
5.2.2 Bronchoscopy
5.2.3 Colonoscopy
5.2.4 Other Applications
5.3 By End User
5.3.1 Hospitals
5.3.2 Ambulatory Surgical Centers
5.3.3 Other End Users
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Middle-East and Africa
5.4.4.1 GCC
5.4.4.2 South Africa
5.4.4.3 Rest of Middle-East and Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Intuitive Surgical Inc.
6.1.2 Asensus Surgical Inc.
6.1.3 Johnson & Johnson (Auris Health Inc.)
6.1.4 Brainlab AG
6.1.5 Medrobotics Corporation
6.1.6 Olympus Corporation
6.1.7 CMR Surgical Ltd
6.1.8 Avatera Medical GmbH
6.1.9 AKTORmed GmbH
6.1.10 Medtronic PLC
6.1.11 Virtuoso Surgical
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Robotic Endoscopy Devices Industry Segmentation
As per the scope of the report, endoscopy is a minimally invasive method to investigate and operate procedures without making large incisions by using various endoscopic devices. Robotic endoscopic devices offer a wide range of advanced actuation tactics that can be used in endoscopic procedures to reduce trauma to the targeted region.
The robotic endoscopy devices market is segmented by product, application, end-user, and geography. The report also covers the estimated market sizes and trends for 17 countries in major regions across the world. The report offers the market size in value terms in (USD) for all the abovementioned segments.
| By Product | |
| Diagnostic | |
| Therapeutic |
| By Application | |
| Laparoscopy | |
| Bronchoscopy | |
| Colonoscopy | |
| Other Applications |
| By End User | |
| Hospitals | |
| Ambulatory Surgical Centers | |
| Other End Users |
| Geography | ||||||||
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Robotic Endoscopy Devices Market Research FAQs
How big is the Robotic Endoscopy Devices Market?
The Robotic Endoscopy Devices Market size is expected to reach USD 2.58 billion in 2024 and grow at a CAGR of 12.82% to reach USD 4.72 billion by 2029.
What is the current Robotic Endoscopy Devices Market size?
In 2024, the Robotic Endoscopy Devices Market size is expected to reach USD 2.58 billion.
Who are the key players in Robotic Endoscopy Devices Market?
Brainlab AG, Medrobotics Corporation, Johnson & Johnson, Intuitive Surgical Inc. and Asensus Surgical Inc. are the major companies operating in the Robotic Endoscopy Devices Market.
Which is the fastest growing region in Robotic Endoscopy Devices Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Robotic Endoscopy Devices Market?
In 2024, the North America accounts for the largest market share in Robotic Endoscopy Devices Market.
What years does this Robotic Endoscopy Devices Market cover, and what was the market size in 2023?
In 2023, the Robotic Endoscopy Devices Market size was estimated at USD 2.25 billion. The report covers the Robotic Endoscopy Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Robotic Endoscopy Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Robotic Endoscopy Devices Industry Report
The Robotic Endoscopy Devices Market is segmented by various products, including reagents and antibodies, instruments, software and consumables, and accessories. The market also categorizes its technology into immunoassay, PCR, NGS, flow cytometry, and other technologies. Indications for these devices cover lung cancer, colorectal cancer, melanoma, and other cancers. The market is geographically segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. This industry report provides valuable insights into market share, market size, and revenue growth rate.
The industry analysis includes a comprehensive market forecast and historical overview, highlighting key market trends and market growth. The market leaders are identified, and market segmentation is thoroughly examined. The report example and report pdf offer detailed industry information and statistics, presenting a clear industry outlook and market review.
Research companies have contributed to the market data, ensuring the report includes accurate market predictions and market value. The industry research and industry reports provide a deep dive into industry sales and industry size. This market forecast outlines the expected market growth, supported by industry statistics and market overview. The report also includes a market outlook, emphasizing the importance of market trends and market segmentation in understanding the market dynamics.
