02/03/2024
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Endoscopic Robotics Market | Future Growth Aspect Analysis to 2030

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The global endoscopic robotics market size reached USD 1.69 Billion in 2021, with a projected rapid revenue Compound Annual Growth Rate (CAGR) of 12.5% during the forecast period. Key drivers of market revenue growth include the increasing geriatric population, a rising prevalence of obesity and diabetes, a preference for minimally invasive surgeries, a high demand for endoscopy in diagnosing and treating diseases, and the availability of new products and devices equipped with advanced technologies.

The advent of robotic surgery, also known as robot-assisted surgery, has revolutionized the capabilities of surgeons, enabling them to perform a diverse range of previously challenging procedures with enhanced accuracy, dexterity, and control. Robotic-assisted surgeries are frequently associated with minimally invasive techniques, involving minor incisions, and have emerged as a preferable alternative to more traditional open surgeries.

Furthermore, the increasing global elderly population is expected to drive demand for endoscopic surgical equipment utilized in diagnostic and therapeutic procedures. These tools play a pivotal role in the medical field by facilitating faster healing through less invasive procedures. Endoscopic operations are essential for treating various conditions in the elderly, such as gallstones, liver abscesses, pelvic abscesses, intestinal perforations, and endometriosis. According to United Nations projections from 2020, the global geriatric population is projected to surpass 1.5 billion by 2050, constituting 16.0% of the total world population. In 2019, the population aged 65 or above was approximately 727 million. As the global population continues to age, an increasing number of individuals will be at risk of developing chronic diseases, necessitating invasive endoscopic treatments.

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Strategic Developments:

  • On May 24, 2022, Ethicon, a division of Johnson & Johnson Medical Devices Company, introduced the ENSEAL X1 Curved Jaw Tissue Sealer. This laparoscopic bipolar energy device is designed to enhance procedural efficiency, ensuring stronger sealing and improved access to a larger tissue area when compared to LigaSureTM Maryland. The device proves beneficial in various medical specialties, including colorectal, gynecological, bariatric, and thoracic surgeries.
  • In a collaborative effort, Medtronic plc., a global leader in healthcare technology, partnered with the American Society for Gastrointestinal Endoscopy on February 22, 2022. The primary objective of this partnership is to provide colorectal cancer screening technologies in low-income and underprivileged regions across the U.S. This initiative is part of the Medtronic Health Equity Aid Program for colon cancer screening, and it is supported by Amazon Web Services (AWS).

Driving Factors of the Endoscopic Robotics Market:

Several factors contribute to the growth and advancement of the Endoscopic Robotics Market:

  1. Technological Advancements: Continuous innovations in robotics and endoscopic technologies are driving the market forward, leading to the development of more sophisticated and precise robotic systems.
  2. Minimally Invasive Procedures: The increasing preference for minimally invasive surgeries is a significant driver. Endoscopic robotics enable surgeons to perform complex procedures with smaller incisions, reducing patient trauma, and improving recovery times.
  3. Enhanced Surgical Precision: Endoscopic robotic systems offer high precision and improved control, allowing surgeons to navigate intricate anatomical structures more effectively during procedures.
  4. Rising Incidence of Chronic Diseases: The growing prevalence of chronic diseases, such as gastrointestinal and urological disorders, fuels the demand for advanced endoscopic robotic solutions for diagnosis and treatment.
  5. Increasing Aging Population: With a rise in the aging population, there is a higher incidence of age-related health conditions that often require surgical intervention, further propelling the demand for endoscopic robotic procedures.

Restraints of the Endoscopic Robotics Market:

Despite its growth potential, the Endoscopic Robotics Market faces certain challenges and constraints:

  1. High Cost of Robotic Systems: The initial acquisition and maintenance costs of endoscopic robotic systems are substantial, limiting their adoption, particularly in healthcare settings with budget constraints.
  2. Lack of Skilled Professionals: The successful implementation of endoscopic robotic procedures requires skilled and trained medical professionals. The shortage of adequately trained personnel can hinder the widespread adoption of this technology.
  3. Concerns About Safety: Safety concerns, including potential complications and technical issues during endoscopic robotic surgeries, may impact the market’s growth. Ensuring the safety and reliability of these systems is crucial for gaining widespread acceptance.
  4. Limited Reimbursement Policies: In some regions, the lack of comprehensive reimbursement policies for endoscopic robotic procedures may pose a challenge, affecting both healthcare providers and patients.
  5. Regulatory Challenges: Stringent regulatory requirements and approval processes for new endoscopic robotic technologies can contribute to delays in market entry and product launches. Compliance with various regulatory standards is essential but can be time-consuming.

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Competitive Landscape:

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.

Segments Covered in the Report:

By Approach Outlook SurgicalDiagnostic
By Application Outlook LaparoscopyColonoscopyBronchoscopyOthers
By End-Use Outlook HospitalsAmbulatory Surgical Centers (ASCs)Others

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Research Methodology: Endoscopic Robotics Market

The research methodology adopted by analysts to compile the Endoscopic Robotics Market report is based on detailed primary as well as secondary research. With the help of in-depth insights of industry-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the Endoscopic Robotics Market.

During the primary research phase, analysts interviewed industry stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. On the basis of data obtained through interviews with genuine resources, analysts have emphasized the changing scenario of the Endoscopic Robotics Market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, import and export data of major countries around the world, industrial production index, industry association publications, and company websites to obtain the necessary understanding of the Endoscopic Robotics Market.

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