India Endoscopes Market Size & Outlook, 2024-2030
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India endoscopes market highlights
- The India endoscopes market generated a revenue of USD 425.9 million in 2023 and is expected to reach USD 615.1 million by 2030.
- The India market is expected to grow at a CAGR of 5.4% from 2024 to 2030.
- In terms of segment, endoscopes was the largest revenue generating product in 2023.
- 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 425.9 million |
| Market revenue in 2030 | USD 615.1 million |
| Growth rate | 5.4% (CAGR from 2024 to 2030) |
| Largest segment | Endoscopes |
| Fastest growing segment | Endoscopes |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Endoscopes |
| Key market players worldwide | Olympus Corp, Boston Scientific Corp, Hoya Corp ADR, FUJIFILM Holdings Corp, Karl Storz, Stryker Corp, Medtronic PLC, Ambu A/S ADR, Steris PLC |
Other key industry trends
- In terms of revenue, India 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.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 615.1 million by 2030.
Endoscopes was the largest segment with a revenue share of 105.47% in 2023. Horizon Databook has segmented the India endoscopes market based on endoscopes covering the revenue growth of each sub-segment from 2018 to 2030.
The endoscopes market in India is primarily driven by the increased preference for minimally invasive surgeries, the availability of favorable reimbursement plans by private insurance companies, and rising disposable income among the population. Furthermore, the high burden of chronic diseases in India and the availability of cancer screening programs are expected to positively impact market growth.
According to the National Institute of Cancer Prevention and Research (NICPR), nearly 0.7 million people are diagnosed with cancer in India every year. In 2016, the country launched an operational framework for a national cancer screening program, which includes screening for cervical, oral, and breast cancers among individuals over the age of 30 in specific areas.
These initiatives aim to increase awareness and enable early cancer diagnosis, fueling market growth. Moreover, obesity is another prevalent condition in India. According to World Obesity Federation, India scored 7 out of 10 in national obesity risk, and the growth rate of the obese population in India is likely to reach 5% by 2025.
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Endoscopes Market Scope
Endoscopes Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hoya Corp ADR | View profile | 36571 | 20th Floor Nishi-Shinjuku Building, 6-10-1, Nishi-Shinjuku, Shinjuku-ku, Tokyo, Japan, 160-8347 | http://www.hoya.co.jp |
| Karl Storz | View profile | 1001-5000 | Tuttlingen, Baden-Wurttemberg, Germany, Europe | https://www.karlstorz.com/ |
| Ambu A/S ADR | View profile | 4750 | Baltorpbakken 13, Ballerup, Denmark, DK-2750 | http://www.ambu.com |
| FUJIFILM Holdings Corp | View profile | 83784 | 7-3, Akasaka 9-chome, Minato-ku, Tokyo, Japan, 107-0052 | http://www.fujifilmholdings.com |
| Olympus Corp | View profile | 33629 | Shinjuku Monolith, 2-3-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo, Japan, 163-0914 | http://www.olympus.co.jp |
| Steris PLC | View profile | 17100 | 5960 Heisley Road, Mentor, OH, United States, 44060 | https://www.steris-ir.com |
| Boston Scientific Corp | View profile | 48000 | 300 Boston Scientific Way, Marlborough, MA, United States, 01752-1234 | https://www.bostonscientific.com |
| Stryker Corp | View profile | 52000 | 1941 Stryker Way, Portage, MI, United States, 49002 | https://www.stryker.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
India endoscopes market size, by product, 2018-2030 (US$M)
India Endoscopes Market Outlook Share, 2023 & 2030 (US$M)
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