Malaysia Endoscopes Market Size & Outlook, 2023-2030
Malaysia endoscopes market, 2018-2030 (US$M)
Related Markets
Malaysia endoscopes market highlights
- The Malaysia endoscopes market generated a revenue of USD 100.5 million in 2023 and is expected to reach USD 206.8 million by 2030.
- The Malaysia market is expected to grow at a CAGR of 10.9% 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 100.5 million |
| Market revenue in 2030 | USD 206.8 million |
| Growth rate | 10.9% (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, Malaysia accounted for 0.7% 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 46.27% in 2023. Horizon Databook has segmented the Malaysia 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.
Technological advancements in new endoscopes and their widespread adoption are driving the market in Malaysia. The development of a national cancer screening program is anticipated to further propel market growth by increasing the demand for endoscopes.
The rising geriatric population and the prevalence of cancer are expected to drive the demand for endoscopy in Malaysia. According to Globocan 2020, there were 48,639 new cases of cancer reported in the country, with a higher occurrence in females than males. In addition, each year in Malaysia, over 20,000 new cancer cases are diagnosed, with an average age of over 40 years among the patients.
The market is also expected to grow due to the growing preference for minimally invasive procedures, with 67.7% of all common procedures performed through endoscopy. In the treatment of prostate cancer, laparoscopic surgeries are gaining preference among patients and surgeons due to the faster recovery process and reduced scarring they offer.
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Endoscopes Market Scope
Endoscopes Market Companies
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Malaysia endoscopes market size, by product, 2018-2030 (US$M)
Malaysia Endoscopes Market Outlook Share, 2023 & 2030 (US$M)
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