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Robot Assisted Endoscope Market Drivers, Demand, Insights 2024-2033: Unveiling Key Factors
Robot Assisted Endoscope Market Size
As per the report, the robot assisted endoscope market size has grown rapidly in recent years. It will grow from $2.01 billion in 2023 to $2.3 billion in 2024 at a compound annual growth rate (CAGR) of 14.4%. The robot assisted endoscope market size is expected to see rapid growth in the next few years. It will grow to $3.97 billion in 2028 at a compound annual growth rate (CAGR) of 14.6%.
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Advancing Gastrointestinal Healthcare Through Robot-Assisted Endoscopes
The increased prevalence of gastrointestinal illnesses is expected to propel the growth of the robot-assisted endoscope market going forward. Gastrointestinal diseases refer to various medical conditions affecting the digestive system, including the stomach, intestines, liver, and pancreas. The cases of gastrointestinal illnesses are increasing due to changes in dietary habits, consumption of contaminated food or water, infections caused by pathogens, and lifestyle factors such as sedentary behavior, smoking, and alcohol consumption. Robot-assisted endoscopes help diagnose and treat gastrointestinal illnesses by providing healthcare professionals with enhanced visualization and maneuverability during procedures, thereby improving patient outcomes and enabling early detection and intervention. For instance, in January 2023, according to the American Cancer Society (ACS), a US-based health organization dedicated to eliminating cancer, gastrointestinal cancers increased by 3.18% to 348,840 compared to 338,090 in 2021 in the United States. Therefore, the increasing prevalence of gastrointestinal illnesses drives the robot-assisted endoscope market.
Advancements In Optical Technology Revolutionize Robot-Assisted Endoscopy
Major companies operating in the robot-assisted endoscope market are focusing on adopting innovative medical technologies such as aspherical lenses, to enhance visualization and reduce distortion. Aspherical lens technology enables improved image quality, enhanced resolution, and reduced optical artifacts in optical systems, providing more precise and accurate visualization of internal structures and enhancing diagnostic capabilities during medical procedures. For instance, in February 2023, AnX Robotica Corporation, a US-based medical device company that utilizes artificial intelligence and robotics technology, launched the NaviCam Small Bowel System. This system advances endoscopic technology, specifically designed for diagnosing minor bowel diseases. It uses innovative features such as aspherical lens technology to reduce distortion and enhance the field of vision, which is crucial for accurate diagnoses. Additionally, the system offers improved efficiencies for clinicians and patients by significantly decreasing download and processing time, allowing for prompt analysis and diagnosis.
The robot assisted endoscope market covered in this report is segmented -
1) By Product: Diagnostic, Therapeutic
2) By Application: Laparoscopy, Bronchoscopy, Colonoscopy
3) By End- User: Hospitals, Ambulatory Surgical Centers, Other End-User
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Major companies operating in the robot assisted endoscope market are Johnson And Johnson Inc., Medtronic plc., Siemens Healthineers, Fujifilm Holdings Corporation, Stryker Corporation, Olympus Corporation, Intuitive Surgical Inc., Karl Storz SE And Co. KG, Renishaw plc, Pentax Medical, Accuray Incorporated, CMR Surgical Ltd., Meere Company Inc, Avatera Medical GmbH, Stereotaxis Inc., Titan Medical Inc., Microbot Medical Inc., Verb Surgical, Medrobotics Corporation, Levita Magnetics Inc., Asensus Surgical Inc, FlexDex Surgical Inc., EndoControl SA, Renovis Surgical Technologies Inc., Medineering GmbH
Contents of the report:
1. Executive Summary
2. Robot Assisted Endoscope Market Report Structure
3. Robot Assisted Endoscope Market Trends And Strategies
4. Robot Assisted Endoscope Market - Macro Economic Scenario
5. Robot Assisted Endoscope Market Size And Growth
…..
27. Robot Assisted Endoscope Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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