The robotic endoscopy devices market size has grown rapidly in recent years. It will grow from $2.14 billion in 2023 to $2.53 billion in 2024 at a compound annual growth rate (CAGR) of 18.1%. The expansion during the historical period can be attributed to the aging population, an increasing demand for minimally invasive procedures, rising awareness of early disease detection, regulatory approvals, and the growing prevalence of gastrointestinal disorders.
The robotic endoscopy devices market size is expected to see rapid growth in the next few years. It will grow to $4.66 billion in 2028 at a compound annual growth rate (CAGR) of 16.5%. The anticipated growth in the forecast period can be attributed to the expansion of robotic surgery applications, the rising demand for remote surgery capabilities, increasing healthcare expenditure, growing adoption of endoscopic procedures, and a surge in the global patient base for endoscopy. Key trends expected in the forecast period include the development of flexible robotic endoscopy devices, the integration of machine learning in endoscopic diagnostics, the emergence of capsule endoscopy technology, a focus on disposable endoscopy devices, and an increasing use of robotics in therapeutic endoscopy.
The projected increase in robotic surgery procedures is poised to drive the growth of the robotic endoscopy device market. Robotic surgery, an advanced technique utilizing robotic systems to assist surgeons during procedures, finds extensive application in endoscopy. These robotic devices enhance maneuverability and efficiency, simplifying intricate processes by improving visualization, exposure, and tissue manipulation. Notably, in January 2022, Intuitive, a US-based robotic surgery company, reported a 28% increase in the total number of surgical procedures performed using its Da Vinci robotic surgery systems, reaching 1,594,000 procedures in 2021 compared to 1,243,000 procedures in 2020. This surge in robotic surgery procedures is a key driver propelling the robotic endoscopy device market.
The rising prevalence of chronic diseases, particularly inflammatory bowel disease (IBD), is anticipated to fuel the growth of the robotic endoscopy devices market. IBD, characterized by chronic inflammation affecting the gastrointestinal tract, necessitates endoscopic procedures for evaluation, therapy planning, and ongoing monitoring. As of January 2022, Crohn’s & Colitis Australia estimated that approximately 100,000 to 160,000 people in Australia are expected to be living with ulcerative colitis and Crohn's disease. The increasing incidence of chronic diseases, such as IBD, is a significant factor contributing to the expansion of the robotic endoscopy devices market.
Innovations in products stand out as a prominent trend in the robotic endoscopy device market, with major companies introducing advanced technologies to maintain their market positions. A notable example is Virtuoso Surgical, a US-based manufacturer, launching a new robotic surgery system in May 2023. This revolutionary technology enables surgeons to make dexterous movements at the end of an endoscope using two hands. The system features a rigid endoscope tip with two robotically operated, needle-sized manipulators, significantly reducing the diameter compared to conventional robotic endoscopes.
Major players in the robotic endoscopy device market are adopting a strategic partnership approach to enhance their Revo-i surgical robot. Strategic partnerships involve leveraging strengths and resources for mutual benefits and success. In November 2022, meerecompany, a South Korea-based surgical robot manufacturing company, announced a partnership with the Robot Endoscopy Surgery Center at Severance Hospital in South Korea. The collaboration aims to allow medical professionals to experience the Revo-i systematic training and education program physically. This partnership includes the founding and operation of the Revo-i surgical robot learning and support center, the development and supervision of the Revo-i surgical robot training and education program, and product assessment and education for enhancing medical device functionality.
In April 2023, Boston Scientific, a US-based biomedical engineering company, acquired Apollo Endosurgery for $615 million. This strategic acquisition aligns with Boston Scientific’s objectives to enhance its product offerings in endoluminal surgery procedures and endo-bariatric solutions. Apollo Endosurgery, a US-based manufacturer of endoscopy devices and solutions, complements Boston Scientific's expansion plans in the endoscopy market.
Major companies operating in the robotic endoscopy devices market report are Johnson & Johnson Services Inc., Medtronic PLC, FUJIFILM Holdings Corporation, Stryker Corporation, Boston Scientific Corporation, B. Braun Melsungen AG, Carl Zeiss AG, Olympus Corporation, HOYA Corporation, Intuitive Surgical Inc., Smith + Nephew GmbH, Arthrex Inc., ENDO Robotics Co Ltd., Karl Storz SE & Co. KG, Auris Health Inc., Cantel Medical Corp., ConMed Corporation, Ambu A/S, Richard Wolf GmbH, Brainlab AG, Renishaw plc., Fortimedix Surgical B.V., CapsoVision Inc., Asensus Surgical Inc., Medrobotics Corporation, EndoMaster Pte Ltd., Ovesco Endoscopy AG, Medineering GmbH, Virtuoso Surgical Inc., Gray Optics Co.
North America was the largest region in the robotic endoscopy devices market in 2023. The regions covered in the robotic endoscopy devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the robotic endoscopy devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The primary types of robotic endoscopy device products include diagnostic and therapeutic devices. Diagnostic endoscopy devices are employed in procedures where an endoscope is inserted into the body through natural openings or small incisions, enabling doctors to directly visualize and assess the affected area. Various applications of these devices include colonoscopy, bronchoscopy, laparoscopy, gastrointestinal endoscopy, and others. They are typically used in settings such as hospitals, ambulatory surgical centers, and other medical facilities.
The robotic endoscopy devices market research report is one of a series of new reports that provides robotic endoscopy devices market statistics, including robotic endoscopy devices industry global market size, regional shares, competitors with a robotic endoscopy devices market share, detailed robotic endoscopy devices market segments, market trends and opportunities, and any further data you may need to thrive in the robotic endoscopy devices industry. This robotic endoscopy devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The robotic endoscopy devices market consists of sales of continuum endoscopes, capsule endoscopes, and add-on endoscopic devices. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The robotic endoscopy devices market size is expected to see rapid growth in the next few years. It will grow to $4.66 billion in 2028 at a compound annual growth rate (CAGR) of 16.5%. The anticipated growth in the forecast period can be attributed to the expansion of robotic surgery applications, the rising demand for remote surgery capabilities, increasing healthcare expenditure, growing adoption of endoscopic procedures, and a surge in the global patient base for endoscopy. Key trends expected in the forecast period include the development of flexible robotic endoscopy devices, the integration of machine learning in endoscopic diagnostics, the emergence of capsule endoscopy technology, a focus on disposable endoscopy devices, and an increasing use of robotics in therapeutic endoscopy.
The projected increase in robotic surgery procedures is poised to drive the growth of the robotic endoscopy device market. Robotic surgery, an advanced technique utilizing robotic systems to assist surgeons during procedures, finds extensive application in endoscopy. These robotic devices enhance maneuverability and efficiency, simplifying intricate processes by improving visualization, exposure, and tissue manipulation. Notably, in January 2022, Intuitive, a US-based robotic surgery company, reported a 28% increase in the total number of surgical procedures performed using its Da Vinci robotic surgery systems, reaching 1,594,000 procedures in 2021 compared to 1,243,000 procedures in 2020. This surge in robotic surgery procedures is a key driver propelling the robotic endoscopy device market.
The rising prevalence of chronic diseases, particularly inflammatory bowel disease (IBD), is anticipated to fuel the growth of the robotic endoscopy devices market. IBD, characterized by chronic inflammation affecting the gastrointestinal tract, necessitates endoscopic procedures for evaluation, therapy planning, and ongoing monitoring. As of January 2022, Crohn’s & Colitis Australia estimated that approximately 100,000 to 160,000 people in Australia are expected to be living with ulcerative colitis and Crohn's disease. The increasing incidence of chronic diseases, such as IBD, is a significant factor contributing to the expansion of the robotic endoscopy devices market.
Innovations in products stand out as a prominent trend in the robotic endoscopy device market, with major companies introducing advanced technologies to maintain their market positions. A notable example is Virtuoso Surgical, a US-based manufacturer, launching a new robotic surgery system in May 2023. This revolutionary technology enables surgeons to make dexterous movements at the end of an endoscope using two hands. The system features a rigid endoscope tip with two robotically operated, needle-sized manipulators, significantly reducing the diameter compared to conventional robotic endoscopes.
Major players in the robotic endoscopy device market are adopting a strategic partnership approach to enhance their Revo-i surgical robot. Strategic partnerships involve leveraging strengths and resources for mutual benefits and success. In November 2022, meerecompany, a South Korea-based surgical robot manufacturing company, announced a partnership with the Robot Endoscopy Surgery Center at Severance Hospital in South Korea. The collaboration aims to allow medical professionals to experience the Revo-i systematic training and education program physically. This partnership includes the founding and operation of the Revo-i surgical robot learning and support center, the development and supervision of the Revo-i surgical robot training and education program, and product assessment and education for enhancing medical device functionality.
In April 2023, Boston Scientific, a US-based biomedical engineering company, acquired Apollo Endosurgery for $615 million. This strategic acquisition aligns with Boston Scientific’s objectives to enhance its product offerings in endoluminal surgery procedures and endo-bariatric solutions. Apollo Endosurgery, a US-based manufacturer of endoscopy devices and solutions, complements Boston Scientific's expansion plans in the endoscopy market.
Major companies operating in the robotic endoscopy devices market report are Johnson & Johnson Services Inc., Medtronic PLC, FUJIFILM Holdings Corporation, Stryker Corporation, Boston Scientific Corporation, B. Braun Melsungen AG, Carl Zeiss AG, Olympus Corporation, HOYA Corporation, Intuitive Surgical Inc., Smith + Nephew GmbH, Arthrex Inc., ENDO Robotics Co Ltd., Karl Storz SE & Co. KG, Auris Health Inc., Cantel Medical Corp., ConMed Corporation, Ambu A/S, Richard Wolf GmbH, Brainlab AG, Renishaw plc., Fortimedix Surgical B.V., CapsoVision Inc., Asensus Surgical Inc., Medrobotics Corporation, EndoMaster Pte Ltd., Ovesco Endoscopy AG, Medineering GmbH, Virtuoso Surgical Inc., Gray Optics Co.
North America was the largest region in the robotic endoscopy devices market in 2023. The regions covered in the robotic endoscopy devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the robotic endoscopy devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The primary types of robotic endoscopy device products include diagnostic and therapeutic devices. Diagnostic endoscopy devices are employed in procedures where an endoscope is inserted into the body through natural openings or small incisions, enabling doctors to directly visualize and assess the affected area. Various applications of these devices include colonoscopy, bronchoscopy, laparoscopy, gastrointestinal endoscopy, and others. They are typically used in settings such as hospitals, ambulatory surgical centers, and other medical facilities.
The robotic endoscopy devices market research report is one of a series of new reports that provides robotic endoscopy devices market statistics, including robotic endoscopy devices industry global market size, regional shares, competitors with a robotic endoscopy devices market share, detailed robotic endoscopy devices market segments, market trends and opportunities, and any further data you may need to thrive in the robotic endoscopy devices industry. This robotic endoscopy devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The robotic endoscopy devices market consists of sales of continuum endoscopes, capsule endoscopes, and add-on endoscopic devices. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Robotic Endoscopy Devices Market Characteristics3. Robotic Endoscopy Devices Market Trends and Strategies32. Global Robotic Endoscopy Devices Market Competitive Benchmarking33. Global Robotic Endoscopy Devices Market Competitive Dashboard34. Key Mergers and Acquisitions in the Robotic Endoscopy Devices Market
4. Robotic Endoscopy Devices Market - Macro Economic Scenario
5. Global Robotic Endoscopy Devices Market Size and Growth
6. Robotic Endoscopy Devices Market Segmentation
7. Robotic Endoscopy Devices Market Regional and Country Analysis
8. Asia-Pacific Robotic Endoscopy Devices Market
9. China Robotic Endoscopy Devices Market
10. India Robotic Endoscopy Devices Market
11. Japan Robotic Endoscopy Devices Market
12. Australia Robotic Endoscopy Devices Market
13. Indonesia Robotic Endoscopy Devices Market
14. South Korea Robotic Endoscopy Devices Market
15. Western Europe Robotic Endoscopy Devices Market
16. UK Robotic Endoscopy Devices Market
17. Germany Robotic Endoscopy Devices Market
18. France Robotic Endoscopy Devices Market
19. Italy Robotic Endoscopy Devices Market
20. Spain Robotic Endoscopy Devices Market
21. Eastern Europe Robotic Endoscopy Devices Market
22. Russia Robotic Endoscopy Devices Market
23. North America Robotic Endoscopy Devices Market
24. USA Robotic Endoscopy Devices Market
25. Canada Robotic Endoscopy Devices Market
26. South America Robotic Endoscopy Devices Market
27. Brazil Robotic Endoscopy Devices Market
28. Middle East Robotic Endoscopy Devices Market
29. Africa Robotic Endoscopy Devices Market
30. Robotic Endoscopy Devices Market Competitive Landscape and Company Profiles
31. Robotic Endoscopy Devices Market Other Major and Innovative Companies
35. Robotic Endoscopy Devices Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Robotic Endoscopy Devices Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on robotic endoscopy devices market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
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- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for robotic endoscopy devices? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Product: Diagnostic; Therapeutic
2) By Application: Colonoscopy; Bronchoscopy; Laparoscopy; Gastrointestinal Endoscopy; Other Application
3) By End-user: Hospitals; Ambulatory Surgical Centers; Other End-users
Key Companies Mentioned: Johnson & Johnson Services Inc.; Medtronic PLC; FUJIFILM Holdings Corporation; Stryker Corporation; Boston Scientific Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- Johnson & Johnson Services Inc.
- Medtronic PLC
- FUJIFILM Holdings Corporation
- Stryker Corporation
- Boston Scientific Corporation
- B. Braun Melsungen AG
- Carl Zeiss AG
- Olympus Corporation
- HOYA Corporation
- Intuitive Surgical Inc.
- Smith + Nephew GmbH
- Arthrex Inc.
- ENDO Robotics Co Ltd.
- Karl Storz SE & Co. KG
- Auris Health Inc.
- Cantel Medical Corp.
- ConMed Corporation
- Ambu A/S
- Richard Wolf GmbH
- Brainlab AG
- Renishaw plc.
- Fortimedix Surgical B.V.
- CapsoVision Inc.
- Asensus Surgical Inc.
- Medrobotics Corporation
- EndoMaster Pte Ltd.
- Ovesco Endoscopy AG
- Medineering GmbH
- Virtuoso Surgical Inc.
- Gray Optics Co
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | February 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 2.53 Billion |
Forecasted Market Value ( USD | $ 4.66 Billion |
Compound Annual Growth Rate | 16.5% |
Regions Covered | Global |
No. of Companies Mentioned | 30 |