Global Robotic Endoscopy Devices Market, By Type (Standard Definition (SD) Visualization Systems, High Definition (HD) Visualization Systems, Others), Product (Therapeutic, Diagnostic) Application (Colonoscopy, Bronchoscopy, Laparoscopy, Others), End Users (Ambulatory Surgical Centers, Hospitals, Others) Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Robotic endoscopy devices market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 4,966.97 million by 2028 and will grow at a CAGR of 14.65% in the above mentioned forecast period.
Endoscopes are broadly used for minimally invasive surgery and gastrointestinal diagnostics. Also rapid technological advancements have led to the growth of robotic endoscope, which has been all the time more accepted. Robotic endoscopes are of three types such as robot-assisted flexible endoscopy, robot-assisted rigid endoscopy and active GI endoscopy, which comprise flexible colonoscopy, active and active capsule endoscopy.
The growing number of robot assisted surgeries and increasing inclination for minimally invasive surgeries is amongst the important factors intensifying the growth and demand of robotic endoscopy devices market. In addition, the growing preference for automation using robotic system to reduce errors and avoid complications is also contributing to rising in the global market over the forecast period of 2021 to 2028. Also the ever-increasing chronic disease burden, rising elderly population as well as the increasing demand for diagnostic and therapeutic laparoscopies are also enhancing the growth of the market. Likewise, the high adoption of robotic endoscopy devices for surgical intervention and a rising number of market players developing new robotic endoscopy devices for various surgical procedures are also lifting the market growth in the above mentioned forecast period. The rapidly rising investments for robotic system development and technological advancements will further accelerate the expansion of the robotic endoscopy devices market and are also offering significant growth opportunities for the market in the forecast period of 2021 to 2028. However, the high cost of robotic endoscopy devices will curb the growth of the robotic endoscopy devices market, whereas the lacks of trained personnel have the potential to challenge the growth of the robotic endoscopy devices market.
This robotic endoscopy devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on robotic endoscopy devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Robotic Endoscopy Devices Market Scope and Market Size
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.
Robotic Endoscopy Devices Market Country Level Analysis
Robotic endoscopy devices market is analyzed and market size insights and trends are provided by country, type, product, application and end users as referenced above.
The countries covered in the robotic endoscopy devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, 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), Brazil, Argentina and Rest of South America as part of South America.
North America region leads the robotic endoscopy devices market owing to the strong presence of a well-established healthcare sector and the economic capability of the hospitals to invest in robotic endoscopy devices within the region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rapidly increasing disposable income, healthcare expenditure as well as the prevalence of chronic diseases in this particular region.
The country section of the robotic endoscopy devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Robotic endoscopy devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for robotic endoscopy devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the robotic endoscopy devices market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Robotic Endoscopy Devices Market Share Analysis
Robotic endoscopy devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to robotic endoscopy devices market.
The major players covered in the robotic endoscopy devices market report are TransEnterix Surgical, Inc., Medrobotics Corporation, Auris Health, Inc., KARL STORZ SE & Co KG, Stryker, Medtronic, Brainlab AG, Smith + Nephew, Intuitive Surgical, Medineering GmbH, EndoMaster Pte Ltd, Boston Scientific Corporation, Richard Wolf GmbH, FUJIFILM Holdings America Corporation, HOYA Corporation, Johnson & Johnson Services, Inc., B. Braun Melsungen AG, Renishaw plc., Cook, and Ovesco Endoscopy AG among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.