(EMAILWIRE.COM, June 13, 2019 ) Global Robot-Assisted Endoscopy Market is registering a CAGR of 12.31% during the forecast period 2019 to 2025. Owing for high precision and accuracy in minimally invasive surgeries reducing fewer skin cuts, scars, efficient time and less recovery time are driving the demand.
Technological advancements such as remotely operated robots and WI-FI connectivity for endoscopy applications are boosting the market growth. However, the high cost incurred with the procurement of robot-assisted endoscopes is restraining the market
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Hospitals remain as dominant end user industry in robot-assisted endoscopy market:
Increased awareness among the customer towards the robot-assisted endoscopy treatments owing to highly precise and accuracy when compared to minimally invasive surgeries are driving the demand. Increased medical spending of the government and public owing to better medical facilities are boosting the market growth. Other factors such as medical insurance and reimbursement offered by insurance companies are fuelling the market size.
Growing gastrointestinal diseases and colon diseases coupled with the increased robot-assisted endoscopes treatments are fuelling the demand. Further, the robot-assisted endoscopes market is segmented into clinical centres and others.
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North America dominates the global robot-assisted endoscope market:
North America robot-assisted endoscope market is leading owing to approval of medical insurance in some countries and medical reimbursement acceptance in many hospitals and clinical centres. Technical advancements and launch of new products with more accuracy and precision in endoscopy treatments are boosting the market growth.
Increase in medical funding of governments and investments to hospitals for procurement of robot-assisted endoscopies are fuelling the market size.
Shifting customer preferences towards robot-assisted endoscopy surgeries from the minimally invasive surgeries owing for fewer cuts, scars, more accuracy and precision are driving the growth opportunities of the market.
High cost incurred with the robot-assisted endoscopy treatment and changes in technologies are restraining the market growth.
Further, regional analysis is analysed for countries across the Asia Pacific, Europe, South & Central America, and Middle East & Africa.
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Key players operating in the robot-assisted endoscopy market are Olympus Corporation, Karl Storz GmbH & Co KG., B. Braun Melsungen AG, Stryker Corporation, and Boston Scientific Corporation, Ethicon, Inc. (Johnson & Johnson), Fujifilm Holding Corporation, Medtronic PLC, PENTAX Medical (Hoya Corporation), and Smith & Nephew PLC among others.
Increased investments in R&D efforts for the development of innovative products through joint ventures and collaborations with institutions are the key strategies adopted by key players in the market.
In February 2019, Johnson & Johnson acquired Auris Health for $ 3.4 billion.
In November 2018, 3D Systems launched its new Simbionix ARTHRO Mentor Express training simulator.
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