India Endoscopes Market Size & Outlook, 2023-2030
India endoscopes market, 2018-2030 (US$M)
Related Markets
India endoscopes market highlights
- The India endoscopes market generated a revenue of USD 278.7 million in 2023 and is expected to reach USD 617.5 million by 2030.
- The India market is expected to grow at a CAGR of 12% 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 278.7 million |
| Market revenue in 2030 | USD 617.5 million |
| Growth rate | 12% (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, India accounted for 1.9% 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 34.88% in 2023. Horizon Databook has segmented the India 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 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
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India endoscopes market size, by product, 2018-2030 (US$M)
India Endoscopes Market Outlook Share, 2023 & 2030 (US$M)
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