Market Trends of Robotic Endoscopy Devices Industry
Laparoscopy is Expected to Hold the Largest Market Share in the Robotic Endoscopy Devices Market
Laparoscopy is a type of surgery in which a small incision is made in the body, such as the abdominal wall, through which a laparoscope and other instruments can be placed to allow structures within the internal body cavity to be seen. Robot-assisted laparoscopic surgery helps surgeons provide improved patient care by converting procedures that would have otherwise been performed by laparotomy into minimally invasive procedures.
Laparoscopic procedures are expected to account for the highest market revenue due to a rise in bowel diseases and an increased preference for and adoption of laparoscopic techniques, owing to the recent advancements in laparoscopy and minimally invasive therapeutic procedures. As per the IDF Diabetes Atlas 10th edition, the number of adults with diabetes in Europe is expected to reach 67 million by 2030 and 69 million by 2045. Laparoscopy plays a vital role in performing surgeries in diabetic patients where minimal invasiveness is crucial. Thus, the increasing burden of diabetes is expected to boost the growth of the market segment during the forecast period.
As per an article published by the World Laparoscopy Hospital in May 2023, the primary advantage of using AI in laparoscopic surgery is the potential for enhanced precision and accuracy. AI systems can be trained on vast amounts of surgical data, learning from the successes and mistakes of thousands of surgeries. As a result, these systems can provide highly precise guidance during surgical procedures, thereby reducing the likelihood of human error. Thus, the benefits associated with robot-assisted laparoscopy are expected to boost the growth of the segment during the forecast period.
Additionally, the increasing launches of various advanced laparoscopy techniques in order to meet the growing demand for effective laparoscopy are expected to fuel the market growth over the forecast period. For instance, in February 2021, Cambridge-based medical device company, CMR Surgical (CMR), launched Versius Surgical Robotic System to perform minimal access surgery (MAS), also known as laparoscopic or keyhole surgeries. Thus, such factors are likely to drive market growth during the forecast period.
North America is Expected to Hold Significant Share in the Market During the Forecast Period
North America is expected to hold a notable market share in the robotic endoscopy devices market during the forecast period. An increasing number of target diseases and a rising population with a higher prevalence of gastrointestinal disorders are expected to drive market growth.
The availability of advanced robotic endoscopies and their adoption for surgeries across the region are also expected to drive the growth of the market during the forecast period. For instance, as per the data published by the City of Hope Cancer Center in May 2022, the Flex robotic system is a surgical system with a flexible robotic endoscope. This minimally invasive technology allows surgeons to access hard-to-reach areas of the mouth and throat.
The Cancer Treatment Centers of America (CTCA) otolaryngology surgeons who perform surgeries by using the Flex robotic system are highly trained to use this technology to treat patients with head and neck cancers. Such availability of advanced robotic endoscopic devices in North America shows the adoption of advanced technologies. This situation is expected to boost the growth of the market during the forecast period.
Several companies are launching products associated with robotic endoscopy in the United States. In March 2021, Asensus Surgical Inc. announced the FDA clearance of the Senhance Surgical System in the United States. This robotic system is indicated in general surgery, including endoscopy procedures. Thus, the rising prevalence of bowel diseases, the rising geriatric population, and the presence of key market players with continuous product developments are expected to boost the growth of the market in this region during the forecast period.
