The report Robotic Endoscopy Devices market is segmented by product type (Diagnostic and Therapeutic), Application (Laparoscopy, Bronchoscopy, Gastrointestinal devices market, and Colonoscopy devices market), End-user (Hospitals and Ambulatory Surgical Centers), and Region. Global Forecast to 2030-." the global Robotic Endoscopy Devices market share was USD 1.40 billion in 2020. It is predicted to reach USD 5.49 billion by 2030, representing a CAGR of 14.65 percent throughout the forecasted period".
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KEY FACTORS AUGMENTING THE MARKET GROWTH
Some of the most notable factors that are driving the market's overall growth worldwide are the rising prevalence of chronic diseases, high adoption of robotic endoscopy devices, an increasing number of market players, and the development of new robotic endoscopy devices for various surgical procedures are driving the market.
Based on product, the therapeutic segment dominated the overall market share in 2020
Based on the product, the Robotic Endoscopy market has been broadly classified into Diagnostic and Therapeutic, which is further divided into Biopsy (FNA and FNB), Polypectomy (Endoscopic submucosal dissection and Endoscopic Mucosal Resection), Biliary Stone Management & Drainage, Hemostasis & Endoscopic suturing, Esophageal & Colon Stricture Management and Gastroesophageal Reflux Disease (GERD) & Obesity. A major emphasis on an increasing number of market players, the development of new robotic endoscopy devices for various surgical procedures and the rising adoption of robotic endoscopy devices for surgical intervention are the key drivers of this segment.
Based on Application, the laparoscopic segment dominated the overall market share in 2020
Based on the Application, the Global Robotic Endoscopy market has been broadly classified into Laparoscopy, Bronchoscopy, Gastrointestinal devices market, and Colonoscopy devices market. The laparoscopic segment dominated the overall market due to the unhealthy lifestyles, demand for laparoscopic diagnostic and therapeutic procedures, and the rising geriatric population.
Based on End-user, the Hospitals segment dominated the overall market share in 2020
Based on End-user, the Global Robotic Endoscopy market has been broadly classified into Hospitals and Ambulatory Surgical Centers. The Hospitals segment has the largest market share in the forecasted period with a steady CAGR attributed to the availability of funds for the hospitals in the developed regions and the increasing adoption of robotic endoscopy devices for various surgical procedures.
Based on Region, North America accounts for the dominant market share in 2020
Based on Region, the Global Robotic Endoscopy market has been broadly classified into North America, Europe, Asia-Pacific, and LAMEA. North America has occupied the largest market, with the U.S. observing significant growth with a steady CAGR during the forecasted period. The factors responsible for the development are the financial capability of the hospitals to develop and invest in robotic endoscopy devices, the well-established healthcare sector's general awareness of robot-assisted medical procedures, and a large number of market participants in the region.
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Key Competitive Players
The key players included in the G Global Robotic Endoscopy market include TransEnterix Surgical, Inc., Medrobotics Corporation, Auris Health, Inc., KARL STORZ SE & Co KG, Stryker, Medtronic, Brainlab AG, Smith + Nephew, Intuitive Surgical, Engineering GmbH, EndoMaster Pte Ltd, Boston Scientific Corporation, Richard Wolf GmbH, FUJIFILM Holdings America Corporation, HOYA Corporation, Johnson & Johnson Services, Inc (j&j surgical robotics), B. Braun Melsungen AG, Renishaw plc., Cook, Ovesco Endoscopy AG.
Recent Developments