Market Challenge - High cost of endoscopy devices

Global gastroenterology market growth can be hampered due to high cost of endoscopy devices. Endoscopy procedures require specialized equipment such as endoscopes, biopsy valves, polypectomy snares and clips, and balloon dilation systems among others. These devices are expensive, which make the overall cost of endoscopy procedures very high. This increased financial burden on patients makes them hesitant to opt for these procedures. The high capital cost of setting up an endoscopy unit further limits the number of gastroenterology centers and doctors that can conduct such procedures. This ultimately restricts greater access of patients to quality healthcare services. Moreover, stringent regulatory frameworks around the world have increased the compliance cost for device manufacturers. All these factors contribute to rising costs of endoscopy devices, which creates affordability challenges especially in developing nations with low healthcare budgets.

Market Opportunity- Increasing adoption of robot-assisted surgical systems

Global gastroenterology market can witness growth opportunities due to increasing adoption of robot-assisted surgical systems. Robotics offers several advantages over conventional laparoscopic surgeries such as high dexterity, 3D visualisation, tremor filtering and motion scaling. These features allow for improved surgical precision, flexibility and control, which enables better clinical outcomes. Gastroenterologists uses robotic platforms for conducting complex procedures such as bariatric surgeries, colorectal surgeries and Heller's myotomy. This boosts demand for surgical robots and associated consumables. Furthermore, robotic systems have potential to make minimally invasive surgeries accessible to sites without trained laparoscopic surgeons, which can expand the reach of quality care. With ongoing technological advancements, robotics can witness greater acceptance in gastrointestinal surgery over the forecast period. This presents lucrative growth opportunities for players operating in the surgical robotics segment.

For instance, according to the data published by HIMSS Media in June 2024, Amrita Hospital in Kochi, Kerala, introduced the G-Gaiter, a robotic gait trainer developed by local startup Gen Robotics, to aid in the rehabilitation of brain and spinal injury survivors. This advanced system, which offers an immersive experience through virtual reality, helps patients improve their walking ability and reduce dependence. The hospital also provides additional services such as neural therapy, non-invasive brain stimulation, and spasticity management alongside the robotic trainer.