New Zealand Endoscopes Market Size & Outlook, 2023-2030
New Zealand endoscopes market, 2018-2030 (US$M)
Related Markets
New Zealand endoscopes market highlights
- The New Zealand endoscopes market generated a revenue of USD 35.1 million in 2023 and is expected to reach USD 61.4 million by 2030.
- The New Zealand market is expected to grow at a CAGR of 8.3% 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 35.1 million |
| Market revenue in 2030 | USD 61.4 million |
| Growth rate | 8.3% (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, New Zealand accounted for 0.2% 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 46.44% in 2023. Horizon Databook has segmented the New Zealand 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 market is primarily driven by an increase in the prevalence of chronic diseases and a preference for minimally invasive surgeries. Bowel cancer is a significant cause of mortality in New Zealand. Reports suggest that regular screening can reduce cancer-related deaths by 14% to 16%.
The National Bowel Screening Programme provides free cancer screening using colonoscopy to all New Zealand citizens between the ages of 60 and 74. This program aims to successfully treat bowel cancer at its early stages. In addition to government programs, the guidelines set forth by the New Zealand Society of Gastroenterology promote the use of gastrointestinal endoscopy procedures.
These guidelines include the establishment of training standards through Advanced Training Programs, creating a favorable condition for market growth in New Zealand. However, it is important to note that the lack of national standards and inconsistent quality in endoscopy services may have a negative impact on market growth over the forecast period. Key players in the New Zealand market include Insight Medical Limited, Obex, and Karl Storz.
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Endoscopes Market Scope
Endoscopes Market Companies
| Name | Profile | # Employees | HQ | Website |
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New Zealand endoscopes market size, by product, 2018-2030 (US$M)
New Zealand Endoscopes Market Outlook Share, 2023 & 2030 (US$M)
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