Philippines Endoscopes Market Size & Outlook, 2023-2030
Philippines endoscopes market, 2018-2030 (US$M)
Related Markets
Philippines endoscopes market highlights
- The Philippines endoscopes market generated a revenue of USD 21.6 million in 2023 and is expected to reach USD 45.4 million by 2030.
- The Philippines market is expected to grow at a CAGR of 11.2% 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 21.6 million |
| Market revenue in 2030 | USD 45.4 million |
| Growth rate | 11.2% (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, Philippines accounted for 0.1% 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 46.3% in 2023. Horizon Databook has segmented the Philippines 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.
Growth in the Philippines market is expected to be driven by the high prevalence of colorectal cancer, favorable initiatives for cancer screening, and the increasing adoption of technologically advanced endoscopy techniques.
The percentage of the geriatric population in the country reached 4.9% by 2020 and 6.3% by the end of 2030. Consequently, age-related disorders, such as cancer, cardiovascular diseases, and neurological diseases, are expected to rise, increasing the demand for diagnostic and therapeutic endoscopies.
The growing prevalence of colorectal cancer in the country is expected to create favorable conditions for market expansion. According to estimates from Globocan 2020, around 153,751 people were diagnosed with cancer in 2021 and 92,606 cancer-related deaths were reported.
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Endoscopes Market Scope
Endoscopes Market Companies
| Name | Profile | # Employees | HQ | Website |
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Philippines endoscopes market size, by product, 2018-2030 (US$M)
Philippines Endoscopes Market Outlook Share, 2023 & 2030 (US$M)
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