Market revenue in 2023 | USD 43.3 million |
Market revenue in 2030 | USD 66.0 million |
Growth rate | 6.2% (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 |
Flexible endoscopes market was the largest segment with a revenue share of 45.96% in 2023. Horizon Databook has segmented the Saudi Arabia 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.
Saudi Arabia endoscopes market is currently in the nascent stage. The market is expected to witness growth due to the increasing prevalence of cancer and the growing geriatric population. Studies are being conducted to evaluate the awareness of early colorectal cancer detection and prevention, which is anticipated to positively impact the market growth.
In addition, initiatives are undertaken to train healthcare professionals in advanced endoscopy techniques. As part of the Saudi-Japan 2030 initiative, a collaboration between the governments of Saudi Arabia and Japan, medical training for endoscopy techniques is included, supporting the advancement of the market.
In recent years, there has been a significant focus on developing and expanding endoscopy services in Saudi Arabia. Hospitals and healthcare providers in the country actively invest in endoscopy equipment and facilities, leading to an increased demand for endoscopes. For instance, in September 2020, Hail General Hospital launched a state-of-the-art endoscopy unit.
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