06-Jan-2020 | Zion Market Research
Zion Market Research has published a new report titled “Robotic Endoscopy Devices Market by Product (Therapeutic, and Diagnostic); by Application (Laparoscopy, Bronchoscopy, Laparoscopy and Other Applications); by End User (Ambulatory Surgical Centers, Hospitals and Other End Users): Global Industry Perspective, Comprehensive Analysis and Forecast, 2018 – 2025”. According to the report, global demand for robotic endoscopy devices market was valued at approximately USD 1.3 billion in 2018, and is expected to generate revenue of around USD 4.0 billion by end of 2025, growing at a CAGR of around 17.8% between 2019 and 2025.
Browse the full “Robotic Endoscopy Devices Market: by Product (Therapeutic, and Diagnostic); by Application (Laparoscopy, Bronchoscopy, Laparoscopy and Other Applications); by End User (Ambulatory Surgical Centers, Hospitals and Other End Users): Global Industry Perspective, Comprehensive Analysis and Forecast, 2018 - 2025” Report at https://www.zionmarketresearch.com/report/robotic-endoscopy-devices-market
Computer and robot assisted surgeries are widely used to enhance interventional capabilities of surgeons and overcome the limitations of minimally invasive surgical procedures. Use of robotics lets a variety of unconventional actuation tactics to be integrated with endoscopes, to decrease trauma to the GI tract. A large number of robotic endoscopy devices are under development or have been developed. These devices are mainly developed for therapeutic applications. Technological innovations are expected to bring innovation and overcome existing challenges faced while using robotic endoscopy devices such as instrument control, robotic locomotion, clinical application etc.
The global robotic endoscopy devices market growth is fueled by various factors such as growth in number of robot assisted surgeries, endoscopic procedures and increasing preference for minimally invasive surgeries. Additionally, growing investments for robotic system development, surge in chronic disease prevalence and emphasis of key market players on product expansion support the market growth. However, high cost of devices may act as restraining factor to robotic endoscopy devices market. Technological advancements are projected to open new growth avenues for major market players in the global robotic endoscopy devices.
The robotic endoscopy devices market is segmented based on end user, application, product and region. Based on product, market is segmented into diagnostic and therapeutic. In 2018, therapeutic product segment dominated the market with major revenue share. This large share is attributed to growth in number of surgeries, growing adoption of robot assisted automated surgeries to avoid complications and reduce human errors. Rapid growth is projected for diagnostic product segment over the forecast period owing to increasing investments by major players for diagnostic robotic endoscopic devices development.
Based on application global market is categorized into laparoscopy, colonoscopy, bronchoscopy, and other applications. Laparoscopy application segment dominated the market in 2018 with largest revenue share of almost 80%. Growing number of robotic laparoscopic surgeries attribute to this large share. Additionally, growing burden of chronic diseases, increasing aging population, surge in demand for therapeutic and diagnostic laparoscopies are other important factors that support the growth. Highest growth is projected for colonoscopy application segment in the coming years owing to high incidence rate of gastrointestinal disorders.
Ambulatory surgical centers, hospitals and others are end users of the market. In 2018, hospital end user segment held major revenue share owing to growing focus of hospitals on infrastructure development to provide better patient services and better patient outcome. Rapid growth is projected for ambulatory surgical centers over the forecast period due to growing number of ambulatory surgical centers.
At regional level, North America held dominating market share of almost 40% in 2018 for global robotic endoscopy devices market. Increasing prevalence of chronic diseases, growing investments by major healthcare providers for installation of technologically advanced devices, presence of major market players, favorable reimbursement policies, and increasing awareness are major factors that are estimated to support the growth in this region. Europe was second leading regional market. Increase in number of endoscopic procedures, availability of funds for installations of high cost advanced devices and increasing elderly population are factors that promote market growth in this region. Moderate growth is projected in Latin America region over the forecast period. Asia Pacific region is projected to witness fastest growth for robotic endoscopy devices market over the forecast period. This swift growth is attributed to increasing burden of chronic diseases, rising elderly population, growing health awareness and increasing spending are factors that boost robotic endoscopy devices market growth in Asia Pacific. Noticeable growth is projected in Middle East and Africa over the forecast period.
Major players included in the report are Medineering GmbH, Medrobotics Corporation, Intuitive Surgical, Inc., TransEnterix, Inc., and Auris Health, among others.
The report segment of global robotic endoscopy devices market as follows:
Global Robotic Endoscopy Devices Market: By Product
Global Robotic Endoscopy Devices Market: By Application
Global Robotic Endoscopy Devices Market: By End User
Global Robotic Endoscopy Devices Market: By Region
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651