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Artificial Intelligence (AI) In Endoscopy Market Growth to be Driven by Emerging Trends | $36.38 Billion by 2029
Artificial Intelligence AI In Endoscopy
What is the Projected Market Size of the Artificial Intelligence (AI) In Endoscopy Industry?
The market size of artificial intelligence (AI) in endoscopy has seen a significant surge recently. The market is forecasted to grow from $10.53 billion in 2024 to $13.52 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 28.4%. The historic growth could be traced back to the rising use of minimally invasive procedures, growing instances of gastrointestinal disorders, amplified emphasis on early detection of cancer, the expansion of the digital health infrastructure, and an increase in healthcare expenditures in developed nations.
What Will Be the Size of the Artificial Intelligence (AI) In Endoscopy Market by 2029?
In the coming years, the endoscopy market involving artificial intelligence (AI) is predicted to witness explosive growth, scaling up to $36.38 billion by 2029 at a compound annual growth rate (CAGR) of 28.1%. This rise during the projected period is due to factors such as increased demand for instant lesion identification, escalated government backing for AI-oriented diagnostics, amplified AI integration in hospitals and surgical units, the broadening of cloud-oriented healthcare analytics, and an enlarged supply of AI-incorporated endoscopy devices. Key trends for the predicted period embrace AI-powered imaging system enhancements, persistent R&D in computer vision, the integration of augmented reality in endoscopy, advancements in cloud-based diagnostic platforms, and the evolution of AI-assisted robotic endoscopy.
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What Are the Key Drivers Accelerating Growth in the Artificial Intelligence (AI) In Endoscopy Market?
The escalation of gastrointestinal disorders is anticipated to stimulate the expansion of the artificial intelligence (AI) in endoscopy market in the coming years. These gastrointestinal conditions encompass various issues associated with the digestive system, leading to symptoms like abdominal discomfort, bloating, and inconsistent bowel movements. The surge of these diseases is tied to the amplified intake of ultra-processed foods that negatively impact gut microbiota, contributing to sustained inflammation and digestive problems. The application of artificial intelligence (AI) in endoscopy improves the diagnosis of these diseases by offering real-time, precise image analysis to spot abnormalities. This technology allows for prompt intervention, reductions in mistakes, and improved patient outcomes. For example, data from the IBD Registry, a non-profit organization based in the UK, revealed that the number of individuals diagnosed with inflammatory bowel disease (IBD) who joined the IBD Registry surged to over 5,300 in December 2023, a growth of over 3,000 compared to 2022. Consequently, the increasing incidence of gastrointestinal disorders is propelling the growth of the artificial intelligence (AI) in endoscopy market.
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How Is the Artificial Intelligence (AI) In Endoscopy Market Segmented by Type, Application, and Region?
The artificial intelligence (ai) in endoscopy market covered in this report is segmented -
1) By Product Type: Artificial Intelligence-Driven Imaging Systems, Artificial Intelligence-Powered Endoscopic Equipment, Wearable Endoscopy Devices, Consumables Used In Artificial Intelligence Endoscopy, Software Solutions For Artificial Intelligence Integration
2) By Functionality: Image Capture And Processing, Data Management, Enhanced Visualization, Real-Time Decision Support, Training And Simulation Systems
3) By Application: Gastrointestinal Endoscopy, Respiratory Endoscopy, Urological Endoscopy, Cardiovascular Endoscopy, Neurological Endoscopy
4) By End-User: Hospitals, Diagnostic Laboratories, Outpatient Surgical Centers, Research Institutions, Specialized Clinics
Subsegments:
1) By Artificial Intelligence-Driven Imaging Systems: High Definition Imaging Platforms, Three-Dimensional (3D) Visualization Systems, Fluorescence-Based Imaging Devices, Low Light Sensitivity Imaging Systems, Contrast-Enhanced Endoscopic Imaging Systems
2) By Artificial Intelligence-Powered Endoscopic Equipment: Flexible Endoscopic Systems With Artificial Intelligence Integration, Rigid Endoscopic Systems With Artificial Intelligence Support, Capsule-Based Endoscopic Devices With Smart Processing, Robotic Assisted Endoscopic Instrumentation, Navigation-Enabled Endoscopic Equipment With Artificial Intelligence
3) By Wearable Endoscopy Devices: Swallowable Capsule Endoscopy Units, Sensor Integrated Wearable Endoscopy Devices, Wireless Data Enabled Endoscopic Monitoring Devices, Artificial Intelligence-Based Wearable Imaging Systems, Miniature High Resolution Endoscopic Cameras
4) By Consumables Used In Artificial Intelligence Endoscopy: Biopsy Forceps Compatible With Artificial Intelligence Systems, Single Use Endoscopic Protective Sheaths, Medical-Grade Contrast Media For Enhanced Imaging, Artificial Intelligence Compatible Irrigation Tubing, Disposable Accessories For Visualization And Sampling
5) By Software Solutions For Artificial Intelligence Integration: Real-Time Lesion Detection Software Modules, Computer-Aided Diagnostic Imaging Platforms, Cloud-Based Endoscopic Data Management Systems, Image Segmentation And Classification Software Tools, Data Visualization And Automated Reporting Interfaces
What Are the Key Trends Driving Growth in the Artificial Intelligence (AI) In Endoscopy Market?
Leading firms in the AI in endoscopy market are prioritizing the development of sophisticated technology such as real-time lesion detection systems powered by artificial intelligence. These are means to bolster clinical decision-making during gastrointestinal examinations. Such systems are loaded with advanced software tools that can scrutinize live endoscopic video feeds in real time, accurately pinpointing and marking potentially harmful lesions such as tumors and polyps. In August 2024, for example, Ainex Corporation, a med-tech company based in Singapore, introduced the Endoscopy AI system. This was done to better the real-time detection and diagnosis of irregularities in the gastrointestinal tract during endoscopic procedures. The system incorporated advanced machine learning algorithms to detect gastrointestinal lesions in real time during upper and lower endoscopy. It's designed to increase diagnostic accuracy, reduce the number of false positives, and improve the visualization of mucosal abnormalities. Additionally, it streamlines clinical workflows, decreases procedure time, and elevates early detection of gastrointestinal cancers among other conditions.
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Who Are the Leading Companies Driving Growth in the Artificial Intelligence (AI) In Endoscopy Market?
Major companies operating in the artificial intelligence (ai) in endoscopy market are Medtronic plc, Fujifilm Holdings Corporation, ASUSTeK Computer Inc., Olympus Corporation, Advantech Co. Ltd., Fraunhofer IIS, Iterative Health, CapsoVision Inc., EndoSoft Inc., Mauna Kea Technologies S.A., LPixel Inc., Sky Engine Limited, Wincomm Corporation, Endovision Limited, BioCam Sp. z o.o., Apex.AI Inc., MAIA Labs Inc., Magentiq Eye Ltd., EndoSurg.AI Inc., iEndoscopic GmbH, Intelliscopes LLC
Which Is the Leading Region in the Global Artificial Intelligence (AI) In Endoscopy Market?
North America was the largest region in the artificial intelligence (AI) in endoscopy market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence (ai) in endoscopy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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