Wilmington, Delaware, United States, March 07, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. – According to a study published by Transparency Market Research, the global AI in Endoscopy Market is expected to advance at a compound annual growth rate of 26.9% during the forecast period between 2022 and 2031.
Integration of AI in endoscopy medical procedures has helped improve the safety and consistency of the procedure and also aided in performing the surgeries at greater speed and precision.
AI is primarily deployed in endoscopy in two areas: computer-aided diagnosis and computer-aided detection. Computer-aided detection emerged as the dominant segment in 2021. Advancements in the field of AI have helped develop a machine-learning model that can detect the risk in patients suffering from medical conditions such as upper gastrointestinal bleeding.
Leading players are looking to generate new revenue streams and stay ahead of the competition by launching new products. Prominent AI in endoscopy market players is also collaborating with smaller players to expand their global market presence and increase revenue.
For example, Olympus Corporation, in December 2022, announced a collaboration with the Ministry of Internal Affairs and Communications (MIC) in Japan to conduct a survey for the expansion of AI diagnosis support systems along with offering education to medical professionals such as surgeons in countries such as Vietnam.
Request to Sample PDF of this Strategic Report (Use Corporate Mail ID for Top Priority):
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=85264
Key Findings of Market Study
- Rise in Patient Population Suffering from Colorectal Cancer Boosting AI in Endoscopy Industry Growth: Increase in the patient population suffering from colorectal cancer has been steady in the last few years. Patients suffering from colorectal cancer can be cured if the disease is detected in its early stages and the cancer is removed using minimally invasive medical surgery with the deployment of AI-assisted colonoscopy. The rise in the deployment of AI-assisted colonoscopy procedures is triggering growth in the AI in endoscopy market.
- Increase in Number of AI-integrated Endoscopy Procedures in Hospitals Propelling Global Market: Based on end-use, the global market is classified into hospitals, and ambulatory surgical centers. The hospitals' segment accounted for the largest market share in 2021 because of the rise in AI-integrated endoscopy procedures in hospitals. This, along with the increase in product preference among the patient population suffering from gastrointestinal diseases and supportive reimbursement policies offered by governments, contributes to AI in endoscopy market development.
AI in Endoscopy Market-Regional Insights
- Asia Pacific is expected to witness significant growth during the forecast period because of the growth in the prevalence of gastrointestinal disorders among the patient population in countries such as India and China
- North America is expected to witness strong growth during the forecast period owing to the increase in the adoption of advanced technologies and the presence of developed healthcare infrastructure facilities in countries such as the U.S. and Canada
Buy this Premium Research Report | Immediate Delivery Available:
https://www.transparencymarketresearch.com/checkout.php?rep_id=85264<ype=S
AI in Endoscopy Market-Key Players
The global AI in endoscopy market has very few players, and the competition is not intense. New players entering the market during the forecast timeline are likely to intensify the competition.
Leading players are investing in R&D to produce improved products that would enhance existing medical procedures and ensure improved reliability, thereby boosting market demand.
A few leading players in the global AI in endoscopy market are
- Pentax Corporation,
- Olympus Corporation,
- Medtronic,
- Iterative Scopes, and NEC Corporation
The global AI in endoscopy market is segmented as follows:
Type
- Products
- Services
CAD
- CADx
- CADe
- CADe/CADx
End-user
- Hospitals
- Ambulatory Surgical Centers
- Others
Region
- North America
- Europe
- Asia Pacific
- Rest of the World
Request For Customization:
https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=85264
About Transparency Market Research
Transparency Market Research, a global market research company registered in Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll-Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
