Robotic Endoscopy Devices Market by Product (Diagnostic, Therapeutic), Application (Bronchoscopy, Colonoscopy, Laparoscopy), End-User - Global Forecast 2024-2030

Robotic Endoscopy Devices Market by Product (Diagnostic, Therapeutic), Application (Bronchoscopy, Colonoscopy, Laparoscopy), End-User - Global Forecast 2024-2030

The Robotic Endoscopy Devices Market size was estimated at USD 2.60 billion in 2023 and expected to reach USD 3.09 billion in 2024, at a CAGR 18.65% to reach USD 8.64 billion by 2030.

Robotic endoscopy devices consist of robotic systems that help navigate the human body's complex anatomy to perform diagnostic and therapeutic procedures with minimal invasiveness. These devices automate parts of the endoscopic process, allowing for more consistent and accurate manipulations. The robotic endoscopy devices offer high precision and control, allowing for minimally invasive surgeries with enhanced visualization and dexterity. Unlike traditional endoscopy, robotic endoscopy devices enable clinicians to perform more complex procedures with improved patient outcomes. An aging population experiencing a higher incidence of conditions requires robotic endoscopic procedures. Increased investment in healthcare infrastructure and the willingness to adopt new technologies are crucial drivers for adopting robotic endoscopy devices. In addition, rising patient preference for minimally invasive surgeries supports deploying robotic endoscopic devices. However, the high cost of robotic endoscopy systems and their maintenance can be prohibitive for some healthcare providers. The requirement for technical training for healthcare providers to operate these advanced systems can hinder the adoption of robotic endoscopy devices. Nevertheless, the ongoing innovation and research in robotic endoscopy continuously unveils new opportunities to penetrate robotic endoscopy devices. Moreover, integrating artificial intelligence for enhanced diagnostic abilities and improved surgical automation is expected to present significant growth potential for robotic endoscopy devices in the coming years.

Regional Insights

The Americas represents a rapidly developing robotic endoscopy devices market owing to the advanced healthcare infrastructure, high healthcare expenditure, and significant investment in research and development. The regional market is characterized by increased consumer awareness and a growing demand for minimally invasive surgical procedures, which drives the adoption of robotic endoscopy devices. The presence of majority manufacturers and a favorable reimbursement environment also encourage the robotic endoscopy devices market in the Americas. The European market is diverse, with advanced healthcare systems in EU countries focusing on improving surgical outcomes and patient care quality. The aging population, healthcare policies, and an emphasis on cost-efficient healthcare delivery encourage the deployment of robotic endoscopy devices in the EU. The Middle East invests heavily in healthcare infrastructure to become a medical tourism hub. Africa presents a nascent market for robotic endoscopy devices with progressively strengthening healthcare systems and ongoing adoption of new medical technologies. The Asia Pacific region represents an evolving robotic endoscopy devices market owing to the increasing healthcare expenditure, growing economies, and rising patient awareness. Asia-Pacific's healthcare landscape is transforming with increased investments and a focus on affordable solutions.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Robotic Endoscopy Devices Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Increasing Preference for Minimally Invasive Procedures
    • Rising Prevalence of Chronic Diseases Globally
    • Rising Awareness and Adoption of Robotic Endoscopy
    • Market Restraints
      • High Cost of Endoscopic Surgical Procedures
      • Market Opportunities
        • Emergence of Advanced Devices to Address the Limitations of Standard Diagnostic Procedures
        • Surge in the Regulatory Approval for Devices
        • Market Challenges
          • Strict Approval Methods and Complex Procedures
          • Market Segmentation Analysis
            • Product: Significant usage of diagnostic robotic endoscopy devices to enhance imaging capabilities
            • End-User: Wide adoption of robotic endoscopy devices in hospital settings
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Robotic Endoscopy Devices Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Robotic Endoscopy Devices Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • EndoQuest Raises Funding for Endoluminal Robotics Technology
              
              EndoQuest Robotics, a pioneer in medical device innovation, garnered USD 42 million during its Series C-1 preferred financing round, bolstering the development of its cutting-edge endoluminal robotic system. The investment aims to accelerate the company's mission of refining minimally invasive procedures. This robotic system showcases tremendous flexibility and enhanced precision, potentially elevating patient outcomes by adeptly navigating the body's luminal pathways.
              
              Olympus Announces Market Launch of EVIS X1 Endoscopy System
              
              Olympus Corporation introduced its pioneering EVIS X1 endoscopy system, designed to revolutionize gastrointestinal diagnosis and treatment. The EVIS X1 also delivers enhanced comfort and maneuverability through its lighter, ergonomically designed endoscopes, catering to practitioners with varying hand sizes. Olympus' commitment to clinical excellence and patient well-being is further exemplified in its comprehensive portfolio of medical technologies tailored for healthcare professionals, aiming to augment clinical outcomes and patient quality of life.
              
              USMI to Debut the Canady Robotic AI Surgical System at the First Global Surgical Oncology Summit Jerusalem, Israel
              
              The Jerome Canady Research Institute for Advanced Biological and Technological Sciences (JCRI-ABTS) and US Medical Innovations, LLC (USMI) unveiled the pioneering Canady Robotic AI Surgical System. An unprecedented fusion of artificial intelligence and cold atmospheric plasma (CAP) technology, this system marks a transformative step in surgical oncology.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Robotic Endoscopy Devices Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Robotic Endoscopy Devices Market, highlighting leading vendors and their innovative profiles. These include Ambu A/S, Asensus Surgical, Inc., avateramedical  GmbH, Boston Scientific Corporation, Brainlab AG, Canady Life Sciences, Inc., CMR Surgical Ltd., Cook Group Incorporated, ENDO Robotics Co., LTD., EndoMaster Pte Ltd, Endotics, Globus Medical, Inc., Intuitive Surgical, Inc., Johnson & Johnson Services Inc., KARL STORZ SE & Co. KG, Medtronic PLC, MicroPort Scientific Corporation, Nitinotes Ltd., Olympus Corporation, Otsuka Holdings Co., Ltd., Renishaw PLC, Ronovo Surgical, Stryker Corporation, and Virtuoso Surgical, Inc..
            
            Market Segmentation & Coverage
            
            This research report categorizes the Robotic Endoscopy Devices Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Product
              • Diagnostic
              • Therapeutic
              • Application
                • Bronchoscopy
                • Colonoscopy
                • Laparoscopy
                • End-User
                  • Ambulatory Surgical Centers
                  • Hospitals
                  • Region
                    • Americas
                      • Argentina
                      • Brazil
                      • Canada
                      • Mexico
                      • United States
                        • California
                        • Florida
                        • Illinois
                        • New York
                        • Ohio
                        • Pennsylvania
                        • Texas
                        • Asia-Pacific
                          • Australia
                          • China
                          • India
                          • Indonesia
                          • Japan
                          • Malaysia
                          • Philippines
                          • Singapore
                          • South Korea
                          • Taiwan
                          • Thailand
                          • Vietnam
                          • Europe, Middle East & Africa
                            • Denmark
                            • Egypt
                            • Finland
                            • France
                            • Germany
                            • Israel
                            • Italy
                            • Netherlands
                            • Nigeria
                            • Norway
                            • Poland
                            • Qatar
                            • Russia
                            • Saudi Arabia
                            • South Africa
                            • Spain
                            • Sweden
                            • Switzerland
                            • Turkey
                            • United Arab Emirates
                            • United Kingdom
                            
                            
                            Please Note: PDF & Excel + Online Access - 1 Year