South Africa Endoscopes Market Size & Outlook, 2023-2030
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South Africa endoscopes market highlights
- The South Africa endoscopes market generated a revenue of USD 19.4 million in 2023 and is expected to reach USD 29.7 million by 2030.
- The South Africa market is expected to grow at a CAGR of 6.3% 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 19.4 million |
| Market revenue in 2030 | USD 29.7 million |
| Growth rate | 6.3% (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, South Africa 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 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 47.42% in 2023. Horizon Databook has segmented the South 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.
South Africa has a well-developed healthcare sector focused on providing advanced medical services and technologies to its population. The need to deliver high quality healthcare services, accurate diagnoses, and minimally invasive treatments is increasing the demand for endoscopes in South Africa.
In addition, the growing burden of bacterial infections resulting from increasing colonoscopy procedures is expected to drive the demand for disposable endoscopes in South Africa. In addition, the rising concern for patient safety and the trend of preventive care are some of the factors likely to contribute to the market demand.
The medical device industry in this region is significantly influenced by African National Congress (ANC) policies and government initiatives related to National Health Insurance (NHI). The presence of prominent companies, such as Olympus Corporation, Fujifilm Holdings Corporation, HOYA Corporation, Advanced Sterilization Products Services, Inc., KARL STORZ GmbH & Co. KG, and Minntech Corporation, presents promising growth prospects for the region.
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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 |
South Africa endoscopes market size, by product, 2018-2030 (US$M)
South Africa Endoscopes Market Outlook Share, 2023 & 2030 (US$M)
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