Robotic Endoscopy Devices Market Size, Share, Industry Trends and Forecast to 2030

Robotic Endoscopy Devices Market Size & CAGR in 2021

The global robotic endoscopy devices market had a market size of USD 2.1 billion in 2021, with a Compound Annual Growth Rate (CAGR) of 6.4%. The market is expected to reach USD 3.5 billion by 2028.

COVID-19 Impact on the Robotic Endoscopy Devices Market

The COVID-19 pandemic had a significant impact on the robotic endoscopy devices market. Due to the restrictions imposed to curb the spread of the virus, many elective procedures, including endoscopies, were postponed or canceled. This led to a temporary decline in the demand for robotic endoscopy devices. However, as healthcare systems adapted to the new normal and procedures resumed, the market started to recover.

Robotic Endoscopy Devices Dynamics

The robotic endoscopy devices market is driven by factors such as the increasing prevalence of gastrointestinal diseases, technological advancements in endoscopy devices, and the rising adoption of minimally invasive procedures. The market is also influenced by factors such as the growing geriatric population, which is more prone to gastrointestinal disorders.

Segments and Related Analysis

The robotic endoscopy devices market is segmented based on product type, application, and end-user. The product type segment includes flexible robotic endoscopes, capsule robotic endoscopes, and robot-assisted endoscope control systems. The application segment comprises gastrointestinal endoscopy, colonoscopy, bronchoscopy, and others. The end-user segment includes hospitals, ambulatory surgical centers, and others.

By Region Analysis

The robotic endoscopy devices market is analyzed across regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America dominates the market due to the presence of advanced healthcare infrastructure, high healthcare expenditure, and the early adoption of technological advancements. The Asia Pacific region is expected to witness the fastest growth during the forecast period due to the increasing healthcare expenditure, growing awareness about minimally invasive procedures, and rising prevalence of gastrointestinal diseases.

Key Market Players and Competitive Landscape

Key players in the robotic endoscopy devices market include Medtronic, Intuitive Surgical, Olympus Corporation, Auris Health (a subsidiary of Johnson & Johnson), and Verb Surgical (a collaboration between Google and Johnson & Johnson). These companies are focusing on product innovation, partnerships, and strategic acquisitions to strengthen their market presence.

Recent Happenings in the Robotic Endoscopy Devices Market

In recent developments, Intuitive Surgical launched a new robotic endoscopy platform, Auris Health received FDA approval for its Monarch robotic endoscopy system, and Olympus Corporation introduced new robotic endoscopes for gastrointestinal procedures. These advancements highlight the growing innovation and competition in the robotic endoscopy devices market.