Robot Assisted Endoscopy Market is Booming Worldwide at a CAGR of 15.05% with USD Value of 5.66 Billion by 2029

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The market for robotic assisted endoscopy was estimated to be worth USD 1.84 billion worldwide in 2021 and is projected to grow at a CAGR of 15.05% during the forecast period. The main drivers of the rise include an increasing demand for minimally invasive surgical (MIS) procedures, new product approvals by regulatory agencies including the U.S. Food and Drug Administration (FDA), and the high prevalence of chronic conditions.

Data Bridge Market Research analyses that the robot assisted endoscopy market which was USD 1.84 billion in 2021, would rocket up to USD 5.66 billion by 2029, and is expected to undergo a CAGR of 15.05% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Robot Assisted Endoscopy Market Dynamics

Drivers

Increasing demand for minimally invasive surgical treatments

The market will develop faster due to rising demand for minimally invasive surgical treatments. The popularity of robot-assisted surgeries, rising investment in the development of robotic systems, and rising preference for automation using robotic systems to reduce errors and avoid complications are a few additional factors that will further accelerate the robot assisted endoscopy market in the forecast period of 2022 to 2029.

Rise in chronic diseases

The increased prevalence of chronic diseases, such as pancreatic malignancies, inflammatory bowel diseases, and gastroesophageal reflux disease (GERD), among all age groups as a result of unhealthy lifestyles and the rising elderly population, are the main factors contributing to the market’s rise.

Opportunities

The market’s growth is fuelled by an increase in the number of research and development activities. This will provide beneficial opportunities for the market growth.

Moreover, rising number of emerging markets and new product launches will further provide beneficial opportunities for the market growth during the forecast period.

Global Robot Assisted Endoscopy Market Scope

The robot assisted endoscopy market is segmented on the basis of product, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

Diagnostic

Therapeutic

Application

Laparoscopy

Bronchoscopy

Colonoscopy

End- User

Hospitals

Ambulatory Surgical Centers

Others

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Robot Assisted Endoscopy Market Regional Analysis/Insights

The robot assisted endoscopy market is analysed and market size insights and trends are provided by country, product, application and end-user as referenced above.

The countries covered in the robot assisted endoscopy 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 dominates the robot assisted endoscopy market due to the growing number of geriatric population along with adoption of innovative medical technology.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the rising health awareness among the people and growing demand of advanced medical technology.

The country section of the 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 like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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.

Competitive Landscape and Robot Assisted Endoscopy Market Share Analysis

The robot assisted endoscopy 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 robot assisted endoscopy market.

Some of the major players operating in the robot assisted endoscopy market are:

Intuitive Surgical Inc (U.S.)

Stryker (U.S.)

Medrobotics Corporation (U.S.)

Johnson & Johnson Private Limited (U.S.)

Globus medical (U.S.)

NuVasive Inc. (U.S.)

Smith + Nephew (U.K.)

Titan Medical Inc (Canada)

TransEnterix Inc (U.S.)

University of Pittsburgh Medical Center (U.S.)

Mazor Robotics (Israel)

Auris Health Inc. (U.S.)

Corindus Inc. (U.S.)

Renishaw plc (U.K.)

Medineering GmbH (Germany)

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Key Pointers Covered in the Robot Assisted Endoscopy Market Industry Trends and Forecast to 2029

Market Size

Market New Sales Volumes

Market Replacement Sales Volumes

Market By Brands

Market Procedure Volumes

Market Product Price Analysis

Market Regulatory Framework and Changes

Market Shares in Different Regions

Recent Developments for Market Competitors

Market Upcoming Applications

Market Innovators Study

FREQUENTLY ASKED QUESTIONS

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