Australia Endoscopes Market Size & Outlook, 2023-2030
Australia endoscopes market, 2018-2030 (US$M)
Related Markets
Australia endoscopes market highlights
- The Australia endoscopes market generated a revenue of USD 270.6 million in 2023 and is expected to reach USD 510.5 million by 2030.
- The Australia market is expected to grow at a CAGR of 9.5% from 2024 to 2030.
- In terms of segment, flexible endoscopes market was the largest revenue generating product in 2023.
- Disposable Endoscopes is the most lucrative product segment registering the fastest growth during the forecast period.
Endoscopes market data book summary
| Market revenue in 2023 | USD 270.6 million |
| Market revenue in 2030 | USD 510.5 million |
| Growth rate | 9.5% (CAGR from 2023 to 2030) |
| Largest segment | Flexible endoscopes market |
| Fastest growing segment | Disposable Endoscopes |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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 |
Other key industry trends
- In terms of revenue, Australia accounted for 1.8% of the global endoscopes market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China endoscopes market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,043.0 million by 2030.
Flexible endoscopes market was the largest segment with a revenue share of 47.01% in 2023. Horizon Databook has segmented the Australia 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.
The endoscopes market in Australia is primarily driven by the increased prevalence of cancer and various initiatives promoting the importance of cancer screening. According to Australian Health and Welfare, approximately 151,000 Australians were diagnosed with cancer in 2021.
In addition, the growing geriatric population in Australia, prone to chronic diseases requiring endoscopic procedures, is expected to drive market growth. Population projections indicate that in 2022, Australia had approximately 4 million individuals between the ages of 65 and 84.
Moreover, there is a rapid acceleration expected within the same age groups of 65 and 84 over the next decade. Furthermore, the market is also driven by the increasing demand for minimally invasive techniques as they offer reduced procedure time, reduced pain, and increased efficacy in results.
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Endoscopes Market Scope
Endoscopes Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia endoscopes market size, by product, 2018-2030 (US$M)
Australia Endoscopes Market Outlook Share, 2023 & 2030 (US$M)
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