AI In Endoscopy Market Overview:
As per MRFR analysis, the AI in Endoscopy Market Size was estimated at 6.81 (USD Billion) in 2022. The AI in the Endoscopy Market Industry is expected to grow from 8.96(USD Billion) in 2023 to 105.0 (USD Billion) by 2032. The AI in Endoscopy Market CAGR (growth rate) is expected to be around 31.45% during the forecast period (2024 - 2032).
Key AI in Endoscopy Market Trends Highlighted
Artificial intelligence (AI) in endoscopy is rapidly transforming the field of gastrointestinal medicine. Key market drivers include the rising incidence of gastrointestinal diseases, technological advancements in AI-based endoscopy systems, and the increasing adoption of AI in healthcare. Opportunities abound in the development of AI-assisted diagnostic and therapeutic tools, personalized treatment plans, and remote patient monitoring. Recent trends in the AI in endoscopy market include the integration of AI algorithms into endoscopic devices, the development of AI-powered virtual assistants, and the growing adoption of AI-based decision support systems. These advancements empower healthcare professionals with enhanced visualization, improved diagnostic accuracy, and more efficient and effective procedures, ultimately leading to improved patient outcomes and reduced healthcare costs.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Ai In Endoscopy Market Drivers
Advancements in Artificial Intelligence and Machine Learning Algorithms
The development of advanced AI and ml technologies is among the primary factors that influence the growth of the current Global AI in the Endoscopy Market Industry. Advanced algorithms allow the creation of AI-endoscopy systems that can analyze and interpret endoscopic images in real-time and with high accuracy and speed. AI algorithms can identify and classify lesions, polyps, and other undesired formations, which helps endoscopists make more accurate and timely decisions.In addition, advanced endoscopy systems equipped with AI and ml can guide an endoscopist in real-time, help to navigate through complex anatomical structures, and reduce the risks. These innovations substantially revolutionize the field of endoscopy, and this factor is likely to drive the further growth of the market.
Growing Demand for Minimally Invasive Procedures
Another vital driver of the global AI in the Endoscopy Market is a growing tendency among people toward minimally invasive procedures. Currently, endoscopy is one of these techniques, which provides the opportunity for a physician to view and diagnose multiple conditions of the digestive tract and other internal organs. It is not only more effective than open surgeries but is also associated with such advantages as a lack of pain, quick recovery, and decreased risk of severe outcomes.Therefore, as the demand for minimally invasive procedures increases, the need for AI facilities in endoscopy also rises.
Increasing Prevalence of Gastrointestinal Disorders
One of the crucial factors responsible for the growing demand for the AI in Endoscopy Market Industry is the increasing prevalence of gastrointestinal disorders worldwide. The global prevalence of conditions, such as gastroesophageal reflux disease GERD, inflammatory bowel disease IBD, and colorectal cancer, is increasing Yuhang et al. As a result, the need for the endoscopic process is growing at a rapid rate. The endoscopy system backed up by AI helps in improving the efficiency and accuracy of the procedures by a significant value.These systems assist in the early diagnosis and treatment of gastrointestinal disorders whose prevalence is growing. The increasing prevalence of gastrointestinal disorders is expected to contribute exponentially to the growing demand for AI in this market.
Ai In Endoscopy Market Segment Insights:
Ai In Endoscopy Market Type of Endoscopes Insights
The AI in Endoscopy Market is segmented by Type of Endoscopes into Flexible Endoscopes and Rigid Endoscopes. The Flexible Endoscopes segment is expected to hold a larger market share in 2023 and is projected to continue its dominance throughout the forecast period. This is attributed to the increasing adoption of minimally invasive procedures and the advantages offered by flexible endoscopes, such as their ability to navigate through complex anatomical structures. Flexible endoscopes are widely used in various endoscopic procedures such as colonoscopy, gastroscopy, and bronchoscopy.The growing prevalence of gastrointestinal diseases and the increasing demand for early diagnosis and treatment are further driving the growth of the Flexible Endoscopes segment. On the other hand, the Rigid Endoscopes segment is also expected to witness significant growth during the forecast period. Rigid endoscopes offer advantages such as high image quality and better visualization in certain procedures. They are commonly used in laparoscopy, arthroscopy, and cystoscopy. The increasing adoption of rigid endoscopes in minimally invasive surgeries is expected to contribute to the growth of this segment.Overall, the Global AI in the Endoscopy Market is expected to witness significant growth in the coming years, driven by the increasing demand for minimally invasive procedures, the growing prevalence of gastrointestinal diseases, and the advancements in endoscopic technologies.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Ai In Endoscopy Market Application Insights
The AI in Endoscopy Market is segmented based on application into gastrointestinal endoscopy, urological endoscopy, respiratory endoscopy, and colonoscopy. The gastrointestinal endoscopy segment accounted for the largest share of the market in 2023 and is projected to continue to dominate the market during the forecast period. The growth of this segment can be attributed to the increasing prevalence of gastrointestinal diseases, such as gastroesophageal reflux disease (GERD) and inflammatory bowel disease (IBD). The urological endoscopy segment is expected to witness significant growth during the forecast period, owing to the rising incidence of urinary tract infections (UTIs) and prostate cancer.The respiratory endoscopy segment is also expected to grow at a steady pace, driven by the increasing prevalence of respiratory diseases, such as asthma and chronic obstructive pulmonary disease (COPD). The colonoscopy segment is expected to witness moderate growth during the forecast period due to the increasing awareness of colorectal cancer and the need for early detection and prevention.
Ai In Endoscopy Market Endoscopy Techniques Insights
Autofluorescence Endoscopy, Confocal Endoscopy, Endoscopic Ultrasound, and Capsule Endoscopy are some of the most commonly used Endoscopy Techniques in the Global AI endoscopy Market. The AI in Endoscopy Market revenue from Autofluorescence Endoscopy is projected to reach USD 1.2 billion by 2032, growing at a CAGR of 10.4% from 2023 to 2032. Confocal Endoscopy segment is expected to witness a CAGR of 9.8% from 2023 to 2032, reaching a market size of USD 1.1 billion by 2032. Endoscopic Ultrasound segment is anticipated to grow at a CAGR of 8.9% from 2023 to 2032, reaching a market size of USD 1.4 billion by 2032.Capsule Endoscopy segment is projected to reach USD 1.3 billion by 2028, exhibiting a CAGR of 8.7% from 2023 to 2032. The growth of these segments can be attributed to the increasing prevalence of gastrointestinal diseases, technological advancements, and rising awareness about endoscopic procedures.
Ai In Endoscopy Market Endoscopy Imaging Modalities Insights
White-Light Endoscopy held the largest market share in 2023. This can be attributed to its widespread adoption in various endoscopic procedures, including gastrointestinal endoscopy, colonoscopy, and laparoscopy. However, Fluorescence Endoscopy is expected to witness the highest growth rate during the forecast period. This is due to its ability to provide real-time visualization of tissue perfusion and metabolic activity, which can aid in the early detection and diagnosis of various diseases.
Ai In Endoscopy Market Regional Insights
The regional segmentation of the Global AI in the Endoscopy Market showcases distinct growth patterns and market dynamics. North America holds a significant market share, driven by advanced healthcare infrastructure, high adoption of AI technologies, and increasing demand for minimally invasive procedures. Europe follows closely, with a well-established healthcare system and a growing focus on AI-assisted diagnostics. The APAC region is projected to witness substantial growth due to rising healthcare expenditure, increasing awareness of AI applications, and a large patient population.South America and MEA exhibit promising growth potential, fueled by government initiatives to improve healthcare access and a growing demand for cost-effective AI solutions. By leveraging regional insights and adapting strategies to local market needs, vendors can capitalize on growth opportunities and drive market expansion.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Ai In Endoscopy Market Key Players And Competitive Insights:
Major players in AI in the Endoscopy Market industry are actively engaged in product development, strategic collaborations, and mergers & acquisitions to strengthen their position in the market. Leading AI in Endoscopy Market players are investing in research and development to enhance the capabilities of their AI-powered endoscopy systems. This includes advancements in image analysis, object detection, and disease diagnosis. Partnerships between technology companies and healthcare providers are also becoming increasingly common as companies seek to combine their expertise and resources to accelerate AI in Endoscopy Market development.Google Health is a leading global provider of AI-powered healthcare solutions. The company's AI-powered endoscopy system, GI Genius, has been shown to improve the accuracy and efficiency of colonoscopies.
Google Health is also collaborating with healthcare providers to develop new AI-powered endoscopy applications. For example, the company is working with the Mayo Clinic to develop an AI-powered system for early detection of esophageal cancer.Medtronic is a global leader in medical devices and technologies. The company's AI-powered endoscopy system, GI Genius, has been shown to improve the accuracy and efficiency of colonoscopies. Medtronic is also investing in research and development to expand the capabilities of its AI-powered endoscopy systems. For example, the company is developing an AI-powered system for early detection of pancreatic cancer.
Key Companies in the Ai Endoscopy Market Include:
- Richard Wolf
- Stryker
- PENTAX Medical
- Fujifilm Holdings
- Olympus Corporation
- Ambu A/S
- Medtronic
- Intuitive Surgical
- Hoya Corporation
- Cook Medical
- Karl Storz
- Conmed
- Smith Nephew
- Erbe Elektromedizin
- Boston Scientific
AI in Endoscopy Market Industry Developments
The AI in Endoscopy Market is projected to experience substantial growth in the coming years, driven by advancements in technology and increasing adoption in various healthcare settings. In 2023, the market was valued at approximately USD 8.96 billion and is anticipated to reach USD 105.0 billion by 2032, exhibiting a CAGR of 31.45%. The increasing prevalence of gastrointestinal diseases, coupled with the growing demand for minimally invasive procedures, is fueling the demand for AI-powered endoscopy systems. Furthermore, technological advancements such as machine learning and deep learning algorithms are enhancing the accuracy and efficiency of AI-assisted endoscopy procedures, leading to improved patient outcomes. Key market players are investing in research and development to introduce innovative AI solutions for endoscopy, further contributing to the market growth. Recent news developments include strategic partnerships, product launches, and clinical trials, indicating the growing interest and adoption of AI in endoscopy worldwide.
Ai In Endoscopy Market Segmentation Insights
Ai In Endoscopy Market Type of Endoscopes Outlook
- Flexible Endoscopes
- Rigid Endoscopes
Ai In Endoscopy Market Application Outlook
- Gastrointestinal Endoscopy
- Urological Endoscopy
- Respiratory Endoscopy
- Colonoscopy
Ai In Endoscopy Market Endoscopy Techniques Outlook
- Autofluorescence Endoscopy
- Confocal Endoscopy
- Endoscopic Ultrasound
- Capsule Endoscopy
Ai In Endoscopy Market Endoscopy Imaging Modalities Outlook
- White-Light Endoscopy
- Fluorescence Endoscopy
- Narrow-Band Imaging
- High-Definition Endoscopy
Ai In Endoscopy Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
6.81(USD Billion) |
| Market Size 2023 |
8.96(USD Billion) |
| Market Size 2032 |
105.0(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
31.45% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Richard Wolf, Stryker, PENTAX Medical, Fujifilm Holdings, Olympus Corporation, Ambu A/S, Medtronic, Intuitive Surgical, Hoya Corporation, Cook Medical, Karl Storz, Conmed, Smith Nephew, Erbe Elektromedizin, Boston Scientific |
| Segments Covered |
Type of Endoscopes, Application, Endoscopy Techniques, Endoscopy Imaging Modalities, Regional |
| Key Market Opportunities |
Enhanced diagnostic accuracy, personalized treatment plans, reduced procedure time, improved patient outcomes AI-driven endoscopy devices. |
| Key Market Dynamics |
Growing demand for minimally invasive procedures Technological advancements in AI algorithms Increasing prevalence of gastrointestinal diseases Rising healthcare costs and Government initiatives to promote the adoption of AI in healthcare |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The AI in Endoscopy Market size was valued at USD 8.96 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 31.45% to reach USD 105.0 billion by 2032.
The key factors driving the growth of Global AI in the Endoscopy Market include the rising prevalence of gastrointestinal diseases, the increasing adoption of minimally invasive procedures, the growing demand for personalized medicine, and the advancements in artificial intelligence (AI) technology.
North America is expected to hold the largest market share in the Global AI Endoscopy Market due to the high prevalence of gastrointestinal diseases, the presence of well-established healthcare infrastructure, and the early adoption of advanced technologies in the region.
The major applications of Ai In Endoscopy include gastrointestinal endoscopy, colonoscopy, and capsule endoscopy. Ai In Endoscopy is used for the diagnosis and treatment of a wide range of gastrointestinal diseases, including cancer, inflammatory bowel disease, and ulcers.
The key competitors in the AI in Endoscopy Market include Medtronic, Olympus, Fujifilm, Stryker, and Boston Scientific.
The AI in Endoscopy Market is expected to grow at a CAGR of 31.45% from 2024 to 2032.
The challenges faced by the AI in Endoscopy Market include the high cost of Ai In Endoscopy systems, the lack of skilled professionals, and the regulatory hurdles associated with the use of AI in healthcare.
The opportunities for growth in the AI in Endoscopy Market include the rising prevalence of gastrointestinal diseases, the increasing adoption of minimally invasive procedures, and the growing demand for personalized medicine.
The key trends in the AI in Endoscopy Market include the development of new AI algorithms, the integration of AI with other medical technologies, and the increasing use of AI for remote patient monitoring.
The future outlook of global AI in the Endoscopy Market is positive. The market is expected to grow at a CAGR of 31.45% from 2024 to 2032. The growth of the market will be driven by the rising prevalence of gastrointestinal diseases, the increasing adoption of minimally invasive procedures, and the growing demand for personalized medicine.
