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How has the robotic endoscopy devices market grown over the years?

In recent times, there has been a swift expansion in the market size of robotic endoscopy devices. It is projected to inflate from $2.53 billion in 2024 to $2.98 billion in 2025, with a compound annual growth rate (CAGR) of 18.0%. The prior growth can be credited to factors such as an aging population, heightened demand for minimally invasive surgeries, a surge in consciousness about early disease identification, regulatory sanctions, and a rising incidence of gastrointestinal disorders.

What Is the forecasted market size and growth rate for the robotic endoscopy devices market?

The market for robotic endoscopy devices is projected to experience swift expansion in the coming years, increasing to a size of $5.42 billion in 2029 with a compound annual growth rate (CAGR) of 16.1%. This surge in the projection period can be credited to diverse factors such as the broadening of robotic surgery applications, the escalating demand for capabilities in remote surgery, a rise in healthcare spending, the growing embrace of endoscopic procedures, and an upswing in the global patient count for endoscopy. Key trends for the forecast period encompass the production of flexible robotic endoscopy devices, the incorporation of machine learning into endoscopic diagnostics, the advent of capsule endoscopy technology, emphasis on discardable endoscopy devices, and the heightened utilization of robotics in curative endoscopy.

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What are the major factors driving growth in the robotic endoscopy devices market?

The robotic endoscopy device market is predicted to expand due to an increase in robotic surgery procedures. These advanced procedures utilize robotic systems to help surgeons during operations. Robotic devices have become increasingly common in endoscopy procedures due to their enhanced maneuverability, efficiency, and ability to simplify complex tasks by improving visibility, optimizing exposure, and managing tissue manipulation more effectively. For example, in June 2023, the Royal Australasian College of Surgeons reported, through Device Technologies – the local distributor of Intuitive da Vinci robotic platforms in Australia, a 12 percent upturn in the quantity of robot-assisted surgeries executed on da Vinci platforms in Australia and Aotearoa New Zealand. The figures rose from 17,852 in 2021 to 19,989 in 2022. As a result, the rising quantity of robotic surgery procedures is a significant driving factor for the progress of the robotic endoscopy device market.

What key areas define the segmentation of the global robotic endoscopy devices Market?

The robotic endoscopy devices market covered in this report 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

Subsegments:

1) By Diagnostic: Robotic Endoscopes, Imaging Systems, Biopsy Tools

2) By Therapeutic: Surgical Robots, Laser Systems, Ablation Devices, Stenting Systems

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What are the top market players propelling the growth of the robotic endoscopy devices industry?

Major companies operating in the robotic endoscopy devices market include 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

What are the key trends shaping the future of the robotic endoscopy devices market?

Advancements in product development have been identified as a prime trend increasing in prominence in the robotic endoscopy device market. Key players in this market are pushing the boundaries of advanced technologies and product development to maintain their market superiority. In May 2023, Virtuoso Surgical, an American company known for its production of minimally invasive surgical devices, introduced their latest robotic surgical system. This revolutionary system assists surgeons during endoscopic procedures by providing them the ability to use both hands for precise movements at the end of an endoscope inside the body. A standout feature of Virtuoso Surgical’s system is the rigid endoscope tip that is equipped with two robotically operated, needle-sized manipulators, which measures less than half the diameter of a U.S. dime. These manipulators are 1mm in diameter and the endoscope size is significantly smaller compared to those used by traditional robotic endoscopes.

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What regions are dominating the robotic endoscopy devices market growth?

North America was the largest region in the robotic endoscopy devices market in 2024. The regions covered in the robotic endoscopy devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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