Global Robotic Endoscopy Devices Market Analysis 2023: Size, Share, And Key Trends
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
As per The Business Research Company’s Robotic Endoscopy Devices Global Market Report 2023, the robotic endoscopy devices market is expected to show significant growth in the forecast period.
Key insights from the robotic endoscopy devices market forecast include:
- Market Size
The global robotic endoscopy devices market is expected to grow from $1.81 billion in 2022 to $2.14 billion in 2023 at a compound annual growth rate (CAGR) of 18.2%. The robotic endoscopy devices market is expected to reach $4 billion in 2027 at a CAGR of 16.9%.
- Major Driver
The growing number of robotic surgery procedures is expected to propel the growth of the robotic endoscopy device market going forward. Robotic surgery is an advanced surgical technique that uses robotic systems to assist surgeons during surgical procedures. Robotic devices are widely used in endoscopy procedures for better maneuverability and efficiency and to simplify complex processes by improving visualization, exposure, and tissue manipulation. For instance, in January 2022, according to Intuitive, a US-based robotic surgery company, the total number of surgical procedures performed using its Da Vinci robotic surgery systems increased to 1,594,000 in 2021, with an increase of 28% as compared to 1,243,000 procedures in 2020. Therefore, the growing number of robotic surgery procedures drives the robotic endoscopy device market forward.
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- Key Trend
Product innovations are a key trend gaining popularity in the robotic endoscopy device market. Major companies operating in the robotic endoscopy devices market are developing advanced technologies and products to sustain their position in the market. For instance, in May 2023, Virtuoso Surgical, a US-based manufacturer of minimally invasive surgery devices, launched its new robotic surgery system. The new system uses revolutionary technology to aid surgeons in endoscopic procedures. The technology allows surgeons to use two hands to make dexterous movements at the end of an endoscope deep inside the body. The rigid endoscope tip of the Virtuoso Surgical system, which has two robotically operated, needle-sized manipulators, is less than half the diameter of a U.S. dime. The manipulators are 1mm in diameter, and the scope itself is far smaller than the gear used by conventional robotic endoscopes.
- Largest Region
North America was the largest region in the robotic endoscopy devices market in 2022.
- Major Players
Major players in the robotic endoscopy devices market 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., and Gray Optics Co.
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Key Robotic Endoscopy Devices Market Segments
The global robotic endoscopy devices market is segmented –
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
The Robotic Endoscopy Devices Global Market Report 2023 provides an in-depth analysis on the robotic endoscopy devices market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the robotic endoscopy devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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