Robotic Endoscopy Devices Market Size, Share & Trends Analysis Report By Product (Diagnostic, Therapeutic), By Application (Laparoscopy, Bronchoscopy, Colonoscopy), By End Use, And Segment Forecasts, 2017 - 2032

The market for robotic endoscopy devices was estimated to be worth USD 1.21 billion worldwide in 2018 and is projected to grow at a CAGR of 20.0% during the projection period. The main drivers of the growth are an increasing preference for minimally invasive surgical (MIS) procedures, new product approvals by regulatory agencies like the U.S. Food and Drug Administration (FDA), and the high prevalence of chronic diseases.

The majority of market players prioritise growing their product portfolio by obtaining regulatory agency clearance for their products, such as from the U.S. FDA or the European Union's CE marking. For instance, Auris Health declared in March 2018 that its Monarch Endoscopy platform had received FDA approval. Flex Robotic System, created by Medrobotics, was granted CE mark clearance in 2014. The endoscope robot manufactured by Munich-based Medineering GmbH was given CE certification in February 2018.

Market Analysis and Insights of Robotic Endoscopy Devices Market
Endoscopes are frequently used for gastrointestinal diagnostics and minimally invasive procedures. Rapid technical development has also fueled the development of the robotic endoscope, which is becoming more commonplace. There are three different kinds of robotic endoscopes: flexible, stiff, and active GI endoscopy, which includes flexible colonoscopy, active, and active capsule endoscopy.

One of the key reasons accelerating the growth and demand for robotic endoscopy devices is the rise in minimally invasive surgeries and the amount of robot assisted surgeries. Over the forecast period of 2021 to 2028, the global market is expected to grow as people increasingly favour automation using robotic systems to cut errors and avoid complications. The weight of chronic diseases, the growing elderly population, and the rising demand for diagnostic and therapeutic laparoscopies are all contributing to the market's expansion. Also boosting market development in the aforementioned forecast period are the high adoption of robotic endoscopy devices for surgical intervention and an increase in the number of market players creating new robotic endoscopy devices for different surgical procedures. The market for robotic endoscopy devices will continue to expand and present significant growth prospects between 2023 and 2032 due to the rapidly increasing investments in robotic system development and technological advancements. The market for robotic endoscopy devices will, however, experience a slowdown in development due to the high cost of these devices, whereas a shortage of trained personnel could pose a threat to this market's expansion.

A number of robotic endoscopy devices are currently under research and should be released in the upcoming years. For instance, in September 2018, KAIST's K-FLEX, a flexible, remote endoscopic surgical robot, was being tested on pigs. A flexible robotic endoscopic device called the Master and Transluminal Endoscopic Robot is also being developed by Singapore's Endomaster Pte Ltd. These gadgets were created to get around the constraints of conventional therapeutic and diagnostic methods. Less post-operative complications, quicker healing times, and minimal scarring are all advantages of using such devices in surgical operations, which helps shorten hospital stays. These advantages of robotic endoscopy devices are expected to play a significant role in their uptake.

Global Robotic Endoscopy Devices Market Scope and Market Size
This robotic endoscopy devices market report details recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, and the impact of domestic and local market participants. It also analyses opportunities in terms of new revenue pockets, regulatory changes, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, and product launches. Our team will assist you in making an educated choice to develop your business. Robotic endoscopy devices market is segmented on the basis of type, product, application and end users. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.

•Based on type, the robotic endoscopy devices market is segmented into standard definition (SD) visualization systems, high definition (HD) visualization systems and others.

•On the basis of product, the robotic endoscopy devices market is segmented into therapeutic and diagnostic.

•Based on application, the robotic endoscopy devices market is segmented into colonoscopy, bronchoscopy, laparoscopy and others.

•The end users segment of the robotic endoscopy devices market is segmented into ambulatory surgical centers, hospitals and others.

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Global Robotic Endoscopy Devices Market: Segmentations

Global Robotic Endoscopy Devices Market: By Key Players
TransEnterix Surgical
Auris Health
Medineering
Medrobotics
Intuitive Surgical
Boston Scientific
Cook Medical
Endomaster
Johnson & Johnson
Medrobotics
Olympus
Ovesco Endoscopy

Global Robotic Endoscopy Devices Market: By Types
Standard Definition (SD) Visualization Systems
High Definition (HD) Visualization Systems

Global Robotic Endoscopy Devices Market: By Applications
Hospital
Clinic

Global Robotic Endoscopy Devices Market: Regional Analysis
The countries covered in the regional analysis of the Global Robotic Endoscopy Devices market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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An Overview of the Impact of COVID-19 on Market: The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

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