Market revenue in 2023 | USD 4,407.9 million |
Market revenue in 2030 | USD 9,014.6 million |
Growth rate | 10.8% (CAGR from 2023 to 2030) |
Largest segment | Flexible endoscopes market |
Fastest growing segment | Disposable Endoscopes |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Rigid Endoscopes Market, Robot Assisted Endoscope Market, Disposable Endoscopes, Capsule Endoscopes Market, Flexible Endoscopes Market |
Flexible endoscopes market was the largest segment with a revenue share of 37.95% in 2023. Horizon Databook has segmented the Asia Pacific endoscopes market based on rigid endoscopes market, robot assisted endoscope market, disposable endoscopes, capsule endoscopes market, flexible endoscopes market covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific (APAC) is anticipated to be the fastest-growing region owing to the improved healthcare infrastructure, the presence of lesser stringent regulatory framework, and economic development attracting foreign investments.
Key market players are developing strategies for expanding their business in this region. Growth in the region is expected to be driven by favorable initiatives undertaken by private players, such as training healthcare professionals and increasing Research & Development (R&D) investments to develop advanced endoscopes.
For instance, Olympus Corporation opened a Thai Training and Education Centre, to increase awareness about surgical & Gastrointestinal (GI) endoscopes and provide training to healthcare professionals in Southeast Asia.
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