Robotic Endoscopy Devices Market Share, Trends, CAGR, Consumption, Revenue, Company Analysis and Forecast 2021 to 2028

Recent Research Study on “Robotic Endoscopy Devices Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028”.

The global Robotic Endoscopy Devices market size is expected to be worth around US$ 4.7 billion by 2028, according to a new report by Vision Research Reports.

The global Robotic Endoscopy Devices market size was valued at US$ 1.26 billion in 2020 and is anticipated to grow at a CAGR of 20.07% during forecast period 2021 to 2028.

Rising preference for Minimally Invasive Surgical (MIS) procedures, recent product approvals by the regulatory bodies such as the U.S. Food and Drug Administration (FDA), and prevalence of chronic diseases are the key factors driving the growth.

Robotic endoscopy devices are developed to overcome the limitations of standard diagnostic and therapeutic procedures. The benefits of robotic endoscopy devices in surgical procedures include fast recovery time, reduced post-surgery complications, and minimized scars, thus reduced the duration of hospital stays. Such benefits are anticipated to drive the robotic endoscopy devices market in the forthcoming years.

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Growing preference for Minimally Invasive Surgical (MIS) procedures, recent product approvals by regulatory bodies such as the U.S. Food and Drug Administration (FDA), and high prevalence of chronic diseases are the major factors driving the growth.

Report Highlights

the therapeutic segment held the largest market share of 97.0%, attributed to the rising adoption of robotic endoscopy devices for surgical intervention and a growing number of market players developing novel robotic endoscopy devices for various surgical procedures. Following the introduction of the Da Vinci Robotic Surgical System by Intuitive Surgical Inc., the acceptance of robotic-assisted surgery has increased significantly.

The rising adoption of the robotic platform in the medical sector has encouraged prominent players to develop robotic endoscopy devices. Some of the key companies include TransEnterix Surgical, Inc.; Auris Health (Johnson & Johnson); Medineering GmbH; Medrobotics Corporation; and others.

The diagnostic segment is expected to witness the most lucrative CAGR of 24.8% over the forecast period, attributed to increasing development and approvals of robotic endoscopy devices for various diagnostic procedures. For instance, the Monarch Platform by Auris Health (Johnson & Johnson) is indicated for a bronchoscopy. Technological innovation is anticipated to further fuel growth. For instance, Storm Lab U.K. has a robotic platform for providing a safer alternative to standard colonoscopy for patients with Inflammatory Bowel Disease (IBD).

Laparoscopic procedures emerged as the largest segment and were valued at USD 946.0 million in 2020. A growing number of robotic laparoscopic surgeries is one of the major factors contributing to the growth. Factors such as rising geriatric population, demand for laparoscopic diagnostic and therapeutic procedures, and unhealthy lifestyle are expected to further propel the market.

The colonoscopy segment is anticipated to expand at the fastest CAGR of 33.8% over the forecast period. A large number of developmental stage devices for colonoscopy applications is one of the factors driving growth. Additionally, a high prevalence of inflammatory bowel diseases, such as Crohn’s disease, ulcerative colitis, and colorectal cancer is anticipated to support the growth.

Hospitals accounted for the largest revenue share in 2020. Hospitals are the primary care options in a lot of countries, which is one of the significant factors driving the growth of the segment. Furthermore, the availability of funds for the hospitals in the developed regions coupled with the growing adoption of robotic endoscopy devices for various types of surgical procedures is contributing to market growth.

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The number of robotic-assisted laparoscopy procedures is witnessing growth in hospital settings. Moreover, well-established hospitals in developed countries provide training to physicians on robotic surgery. Additionally, rising patient awareness about the benefits of robotic systems is also anticipated to propel the demand in hospital settings.

The ambulatory surgical center’s segment is expected to expand at the fastest CAGR CAGR 21.7% over the forecast period. The growing adoption of robotic devices in ambulatory surgical centers, especially in developed countries such as the U.S. is anticipated to be one of the key factors boosting growth. The rising patient inclination toward minimally invasive procedures is expected to further boost the growth.

Asia Pacific is expected to register the fastest CAGR of 12.9% over the forecast period. The factors such as rising disposable income, healthcare expenditure, and prevalence of chronic diseases are expected to drive the regional demand. Additionally, the growing adoption of robotic systems in the healthcare facilities is expected to fuel the demand.

Key Players

Intuitive Surgical, Inc.; TransEnterix, Inc.; Auris Health; Medineering GmbH; and Medrobotics Corporation

Market Segmentation

  • Product Outlook 
    • Diagnostic
    • Therapeutic
  • Application Outlook 
    • Laparoscopy
    • Bronchoscopy
    • Colonoscopy
  • End-Use Outlook 
    • Hospitals
    • Ambulatory Surgical Centers
    • Others
  • Regional Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • Spain
      • Italy
      • France
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
    • Latin America
      • Brazil
      • Mexico
      • Argentina
    • Middle East & Africa
      • South Africa
      • Saudi Arabia

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