Saudi Arabia Endoscopes Market Size & Outlook, 2023-2030
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Saudi Arabia endoscopes market highlights
- The Saudi Arabia endoscopes market generated a revenue of USD 43.3 million in 2023 and is expected to reach USD 66.0 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 6.2% 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 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 |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.3% 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 Middle East & Africa, UAE endoscopes market is projected to lead the regional market in terms of revenue in 2030.
- Qatar is the fastest growing regional market in Middle East & Africa and is projected to reach USD 12.1 million by 2030.
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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Endoscopes Market Scope
Endoscopes Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hoya Corp ADR | View profile | 36571 | 20th Floor Nishi-Shinjuku Building, 6-10-1, Nishi-Shinjuku, Shinjuku-ku, Tokyo, Japan, 160-8347 | http://www.hoya.co.jp |
| Karl Storz | View profile | 1001-5000 | Tuttlingen, Baden-Wurttemberg, Germany, Europe | https://www.karlstorz.com/ |
| Ambu A/S ADR | View profile | 4750 | Baltorpbakken 13, Ballerup, Denmark, DK-2750 | http://www.ambu.com |
| FUJIFILM Holdings Corp | View profile | 83784 | 7-3, Akasaka 9-chome, Minato-ku, Tokyo, Japan, 107-0052 | http://www.fujifilmholdings.com |
| Olympus Corp | View profile | 33629 | Shinjuku Monolith, 2-3-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo, Japan, 163-0914 | http://www.olympus.co.jp |
| Steris PLC | View profile | 17100 | 5960 Heisley Road, Mentor, OH, United States, 44060 | https://www.steris-ir.com |
| Boston Scientific Corp | View profile | 48000 | 300 Boston Scientific Way, Marlborough, MA, United States, 01752-1234 | https://www.bostonscientific.com |
| Stryker Corp | View profile | 52000 | 1941 Stryker Way, Portage, MI, United States, 49002 | https://www.stryker.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
Saudi Arabia endoscopes market size, by product, 2018-2030 (US$M)
Saudi Arabia Endoscopes Market Outlook Share, 2023 & 2030 (US$M)
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