Global Endoscopic Robotics Market Size Hit USD 4.91 Billion at a CAGR of 12.5% in 2030

The global endoscopic robotics market size is expected to reach USD 4.91 Billion in 2030 and register a steady revenue CAGR of 12.5% over the forecast period, according to the latest report by Reports and Data. Increasing geriatric population, rising prevalence of obesity and diabetes, new product launches with advanced technologies and preference for minimally invasive procedures, high demand for endoscopy for diagnosis and treatment of target disease, and availability of new products and devices equipped with advanced technologies are major factors driving market revenue growth.

Prevalence of Non-Communicable Diseases (NCDs) and chronic illnesses (such as Gastroesophageal Reflux Disease (GERD), pancreatic cancer, and others) is on rise across all age groups owing to poor dietary and physical activities. According to IFFGD study for 2021, around 10%–15% of overall population is affected by irritable bowel syndrome worldwide, which includes 25–45 million individuals who are affected by this disease in the U.S. As a result, there is a greater need for high-end technology in endoscopy for effective treatment, which is expected to drive market revenue growth during the forecast period.

Endoscopes can be used in novel ways with the help of robotics to minimize damage to digestive tract. Endoscopy of upper gastrointestinal tract is commonly used to treat various illnesses. Annual number of gastrointestinal procedures performed in the U.S. is greater than 57.43 million. In addition, gastrointestinal endoscopy represents the largest market sector, making for roughly 56% of overall volume of procedures. Improved interventional skills for surgeons and freedom from limitations of minimally invasive surgery are the primary goals of computer and robot-assisted operations. Numerous robotic endoscopic devices are now being developed or have already been created and majority of these devices are intended for therapeutic use. While, as reported by Annual Minimally Invasive Surgery Symposium (MISS), over 650,000 cases of robotic general surgery are performed in the U.S. annually.

Moreover, market revenue growth is also driven by increasing prevalence of chronic diseases and number of older people who require treatment for various disorders. According to the World Health Organization (WHO), Non-Communicable Diseases (NCDs) account for around 71% of all fatalities worldwide. Fifteen million people die every year from noncommunicable diseases, most of them between ages of 30 and 69, and roughly 85% of these fatalities occur in low- and moderate-income countries. Furthermore, increasing number of acquisitions and mergers in the healthcare industry, as well as high investments for its enhancement, are also driving market revenue growth.

However, decrease in number of endoscopic procedures during COVID-19 pandemic is a major factor restraining market revenue growth. Several endoscopic facilities have canceled or postponed elective and semi-urgent procedures, due to the risk of cross-contamination and chance of SARS-CoV-2 transmission, which is also restraining market revenue growth.

Companies profiled in the global market report include Olympus Corporation., Intuitive Surgical, Brainlab AG, Asensus Surgical US, Inc., CMR Surgical Ltd., Avateramedical GmbH, Medtronic, B. Braun SE, Boston Scientific Corporation, and AKTORmed GmbH.

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Market Overview:

The research report assesses the market dynamics, market landscape, company profiles, production and manufacturing capacity, year-on-year growth rate, SWOT analysis, and Porter’s Five Forces analysis. The report estimates the market size, market growth, and provides an accurate forecast for the key segments of the market for the forecast period of 2022-2030. The report also covers an in-depth analysis of the key competitors of the market, along with their growth strategies and business expansion plans.

The Endoscopic Robotics Market has been segmented into key regions of the world and offers an analysis of growth rate, market share, market size, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Endoscopic Robotics Market.

Further key findings from the report suggest,

• On 22 February 2022, Medtronic plc., a global pioneer in healthcare technology collaborated with American Society for Gastrointestinal Endoscopy. Through this collaboration, the company will provide colorectal cancer screening technologies in low-income and underprivileged regions around the U.S. through Medtronic Health Equity Aid Program for colon cancer screening, with backing from Amazon Web Services (AWS).
• The surgical segment accounted for a significantly large revenue share in 2021. This is due to increasing number of endoscopic minimally invasive techniques having fewer complications and quicker recovery times than open surgeries. Endoscopy with robotic assistance is technically viable, which appears to facilitate simplification of difficult operations by enhancing visibility, exposures, and tissue manipulation. This approach has the ability to decrease learning curve and increase acceptance of difficult procedures such as tissue dissection.
• The laparoscopy segment is expected to account for largest revenue share during the forecast period. This is due to increasing healthcare expenditures and innovations, product licensing, device regulations, as well as macroeconomic and industrial factors. In addition, development of single-incision laparoscopic surgical techniques and improvement in laparoscopy for acute care surgery and trauma, as well as speedier recovery, reduced postoperative discomfort, and a shortened length of hospital stay, are other factors driving revenue growth of the market. Laparoscopic surgery is favored over conventional procedures due to its numerous advantages, which include a shorter hospital stay, reduced blood loss, and lower patient morbidity, as well as quick recovery time, rapid and successful results, low risk of infection and small or no incision, and less pain. Furthermore, demand for laparoscopic tools is expected to rise as well, since laparoscopic procedures are becoming increasingly popular.
• The hospital segment accounted for a moderately large revenue share in 2021. This is attributed to increasing number of surgical and operating rooms that are technologically advanced and well-equipped, presence of trained medical experts, and availability of various healthcare coverage benefits. In addition, substantial investments in healthcare infrastructure, particularly in developed countries, together with swift adoption of robotic endoscopic devices for surgical operations are also driving revenue growth of this segment.
• The North America market accounted for largest revenue share in 2021. This is due to presence of hospitals with financial resources to research and develop robotic endoscopic technologies, which accounts for largest proportion in this region. Population of elderly is increasing rapidly, with 2021 Census showing that 16.5%of Americans (about 54 million people) are 65 or older, and this number is expected to rise to 74.4%(or 74 million) by 2030. Furthermore, a significant number of market participants and widespread familiarity with robot-assisted medical procedures are also driving revenue growth in this region.

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For the purpose of this report, Reports and Data has segmented the global endoscopic robotics market based on approach, application, end-use, and region:

Approach Outlook (Revenue, USD Billion; 2019-2030)

• Surgical
• Diagnostic

Application Outlook (Revenue, USD Billion; 2019-2030)

• Laparoscopy
• Colonoscopy
• Bronchoscopy
• Others

End-use Outlook (Revenue, USD Billion; 2019-2030)

• Hospitals
• Ambulatory Surgical Center (ASCs)

Regional Outlook (Revenue, USD Billion; 2019-2032)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Sweden
  • BENELUX
  • Rest of Europe
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Rest of LATAM
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Israel
  • Rest of MEA

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 Key Advantages of Endoscopic Robotics Market Report:

• Identification and analysis of the market size and competition
• Qualitative and quantitative analysis of the market data
• Data validated by industry experts after extensive primary and secondary research
• Extensive regional analysis of the Endoscopic Robotics industry
• Profiling of key players along with their business overview, business strategies, deals and partnerships, and product portfolio
• SWOT and Porter’s Five Forces Analysis for in-depth understanding of the competitive landscape
• Feasibility analysis and investment analysis to enable strategic investment decisions
• Analysis of opportunities, drivers, restraints, challenges, risks, and limitations

Conclusively, all aspects of the Endoscopic Robotics Market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.

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