Minimally invasive surgeries, which involve the use of endoscopes to view and intervene body organs through natural body orifice or small incisions, have witnessed tremendous advancement and adoption in the recent years. At the same time, use of robotics in minimally invasive and open surgeries has opened new opportunities in health care and performing complex surgical procedures. Robot-assisted surgical devices help surgeons eliminate the limitations associated with conventional minimally invasive and open surgical procedures. Robot-assisted flexible endoscopes assist physicians and surgeons in accessing complex anatomies and enhance the precision of diagnostic and surgical procedures.

 

Since the introduction of Da Vinci robotic surgical system by Intutitive Surgical Inc., acceptance of robot-assisted surgeries has witnessed an exponential growth. Robot-assisted surgeries eliminate the risk human error and also reduce the procedure time. Besides, robotic flexible endoscopes reduce both the patient’s and the physician’s exposure to harmful intra-operative imaging radiations, such as, X-ray’s from C-arm. These devices are found to have high precision rate and low post-procedure adverse effects. Rising health care expenditure and demand for better quality health care are likely to drive the adoption of technically advanced minimally invasive surgical devices, such as, robotic flexible endoscopes. However, these systems require high initial investment and also involves high ownership cost in terms of services, maintenance, and other consumables, which is found to limit their adoption. Furthermore, these devices require trained surgeons and assisting staff and dedicated and expensive infrastructural set-up.

 

The global robotic flexible endoscopes market can be segmented based on product, application, end-user, and region. In terms of product, the robotic flexible endoscopes market can be divided into diagnostic robotic flexible endoscopes and surgical robotic flexible endoscopes. Although there are many surgical robotic flexible endoscopes in developmental phase, their technical complexities and stringent regulations for approval are likely to delay their availability and commercialization. There are a few commercially available robotic flexible endoscopes for diagnostic applications, such as, Monarch system from Auris Health for biopsy of lung cancer. Based on application, the robotic flexible endoscopes market can be classified into enteral and bronchial robotic flexible endoscopes. The enteral robotic flexible endoscopes segment can be further classified into colorectal, oropharyngeal, and others. Based on end-user, the robotic flexible endoscopes market can be categorized into ambulatory surgical centers, hospitals, and specialty clinics. At present, most of the surgical procedures are performed in hospitals; however, ambulatory surgical centers are exhibiting high adoption of minimally invasive surgical procedures, such as, endoscopy. Further, there has been rise in reimbursement support from public and private payers for ambulatory surgical centers. These factors are likely to drive the uptake of robotic flexible endoscopes among ambulatory surgical centers in the near future.

 

In terms of region, the global robotic flexible endoscopes market can be segmented into North America, Europe, Asia Pacific, and Rest of the World. High adoption of technically advanced surgical devices and better reimbursement support in the U.S. are projected to boost the robotic flexible endoscopes market in North America during the forecast period. Well-established health care infrastructure and rising demand for better quality health care in Europe are likely to boost the growth of the robotic flexible endoscopes market in the region in the next few years. Asia Pacific accounts for the largest proportion of aging population in the world and projects vast unmet medical needs. In Asia Pacific, increasing public and private health care expenditure and growing trend of medical tourism are anticipated to contribute significantly to the growth of the robotic flexible endoscopes market in the region in the near future.
 

Several robotic flexible endoscopes are in the developmental phase; a few approved in the recent past are Monarch by Auris Health and Endotics. Major players operating in the global robotic flexible endoscopes market include Medrobotics Corporation, Endotics, Auris Health, Inc., NeoGuide Systems, Hitachi Medical Systems, and Intuitive Surgical Inc.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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