Middle East & Africa Endoscopes Market Size & Outlook
Middle East & Africa endoscopes market, 2018-2030 (US$M)
Related Markets
MEA endoscopes market highlights
- The MEA endoscopes market generated a revenue of USD 228.1 million in 2023.
- The market is expected to grow at a CAGR of 7% 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.
- Country-wise, Qatar is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 228.1 million |
| Market revenue in 2030 | USD 365.3 million |
| Growth rate | 7% (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 |
Other key industry trends
- In terms of revenue, MEA region accounted for 1.5% of the global endoscopes market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 9,014.6 million by 2030.
Flexible endoscopes market was the largest segment with a revenue share of 46.38% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
Increasing geriatric population, rising prevalence of cancer, and the growing demand for early disease diagnosis are key factors boosting the market growth. MEA is a key economic and technologically advanced region with a high per capita disposable income. Favorable government initiatives to increase reimbursement coverage are key factors expected to boost market growth during the forecast period.
Moreover, Gulf Corporation Council (GCC) is growing at a rapid pace, indicating the development of technologically advanced medical devices and healthcare infrastructure. The United Arab Emirates (UAE), Saudi Arabia, and Qatar are the three largest medical device markets in this region. Furthermore, the growing burden of diseases, increasing healthcare expenditure, and expanding healthcare privatization are expected to drive the market in the coming years.
The MEA endoscopes market is gaining immense traction due to the increase in the number of hospitals, the growing geriatric population, and the rising demand for minimally invasive procedures. However, infections caused by unsterilized endoscopes and a lack of skilled professionals may hamper market growth.
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Endoscopes Market Scope
Endoscopes Market Companies
| Name | Profile | # Employees | HQ | Website |
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MEA endoscopes market size, by country, 2018-2030 (US$M)
Middle East & Africa Endoscopes Market Outlook Share, 2023 & 2030 (US$M)
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