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What is the current size and annual growth rate of the robot assisted endoscope market?
The robot assisted endoscope market size has grown rapidly in recent years. It will grow from $2.3 billion in 2024 to $2.64 billion in 2025 at a compound annual growth rate (CAGR) of 14.9%. The growth in the historic period can be attributed to increasing prevalence of gastrointestinal illnesses, rising adoption of robot-assisted procedures in healthcare facilities, growing awareness among healthcare professionals and patients, expansion of healthcare infrastructure in emerging markets, rise in regulatory approvals and reimbursement policies.
The robot assisted endoscope market size is expected to see rapid growth in the next few years. It will grow to $4.55 billion in 2029 at a compound annual growth rate (CAGR) of 14.5%. The growth in the forecast period can be attributed to the increasing geriatric population and prevalence of chronic diseases, rising healthcare expenditure and investments, growing adoption of telemedicine and remote surgical procedures, shift towards value-based healthcare delivery models, and expansion of indications and applications for robot-assisted endoscopes. Major trends in the forecast period include advancements in imaging technology, miniaturization of endoscopic devices and instruments, development of flexible and steerable endoscopes, integration of augmented reality (AR) and virtual reality (VR) technologies, and adoption of cloud-based platforms for remote monitoring, data analytics, and collaborative decision-making.
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Which major factors have contributed to the expansion of the robot assisted endoscope market?
The increasing prevalence of gastrointestinal illnesses is expected to propel the growth of the robot-assisted endoscope market going forward. Gastrointestinal diseases refer to various medical conditions affecting the digestive system, including the stomach, intestines, liver, and pancreas. The cases of gastrointestinal illnesses are increasing due to changes in dietary habits, consumption of contaminated food or water, infections caused by pathogens, and lifestyle factors such as sedentary behavior, smoking, and alcohol consumption. Robot-assisted endoscopes help diagnose and treat gastrointestinal illnesses by providing healthcare professionals with enhanced visualization and maneuverability during procedures, thereby improving patient outcomes and enabling early detection and intervention. For instance, in January 2023, according to the American Cancer Society (ACS), a US-based health organization dedicated to eliminating cancer, gastrointestinal cancers increased by 3.18% to 348,840 compared to 338,090 in 2021 in the United States. Therefore, the increasing prevalence of gastrointestinal illnesses drives the robot-assisted endoscope market.
How is the robot assisted endoscope market segmented?
The robot assisted endoscope market covered in this report is segmented –
1) By Product: Diagnostic, Therapeutic
2) By Application: Laparoscopy, Bronchoscopy, Colonoscopy
3) By End- User: Hospitals, Ambulatory Surgical Centers, Other End-User
Subsegments:
1) By Diagnostic: Laparoscopy Endoscopes, Bronchoscopy Endoscopes, Colonoscopy Endoscopes, Cystoscopy Endoscopes
2) By Therapeutic: Robotic-Assisted Surgical Endoscopes, Endoscopic Surgery Instruments
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Who are the top competitors in the robot assisted endoscope market?
Major companies operating in the robot assisted endoscope market are Johnson And Johnson Inc., Medtronic plc., Siemens Healthineers, Fujifilm Holdings Corporation, Stryker Corporation, Olympus Corporation, Intuitive Surgical Inc., Karl Storz SE And Co. KG, Renishaw plc, Pentax Medical, Accuray Incorporated, CMR Surgical Ltd., Meere Company Inc., Avatera Medical GmbH, Stereotaxis Inc., Titan Medical Inc., Microbot Medical Inc., Verb Surgical, Medrobotics Corporation, Levita Magnetics Inc., Asensus Surgical Inc., FlexDex Surgical Inc., EndoControl SA, Renovis Surgical Technologies Inc., Medineering GmbH
Which key trends are expected to influence the robot assisted endoscope market in the coming years?
Major companies operating in the robot-assisted endoscope market are focusing on adopting innovative medical technologies such as aspherical lenses, to enhance visualization and reduce distortion. Aspherical lens technology enables improved image quality, enhanced resolution, and reduced optical artifacts in optical systems, providing more precise and accurate visualization of internal structures and enhancing diagnostic capabilities during medical procedures. For instance, in February 2023, AnX Robotica Corporation, a US-based medical device company that utilizes artificial intelligence and robotics technology, launched the NaviCam Small Bowel System. This system advances endoscopic technology, specifically designed for diagnosing minor bowel diseases. It uses innovative features such as aspherical lens technology to reduce distortion and enhance the field of vision, which is crucial for accurate diagnoses. Additionally, the system offers improved efficiencies for clinicians and patients by significantly decreasing download and processing time, allowing for prompt analysis and diagnosis.
Which regional trends are influencing the robot assisted endoscope market, and which area dominates the industry?
North America was the largest region in the robot assisted endoscope market in 2023. The regions covered in the robot assisted endoscope market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Does The Robot Assisted Endoscope Market Report 2025 Offer?
The robot assisted endoscope market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Robot-assisted endoscope refers to the use of robotic technology to assist in performing endoscopic procedures, allowing for more precise control and maneuverability during diagnostic or therapeutic interventions within the body. Robot-assisted endoscopy represents a significant advancement in medical technology, combining robotics and endoscopic techniques to improve the diagnosis and treatment of various gastrointestinal and other internal conditions
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