Spain Endoscopes Market Size & Outlook, 2023-2030
Spain endoscopes market, 2018-2030 (US$M)
Related Markets
Spain endoscopes market highlights
- The Spain endoscopes market generated a revenue of USD 288.4 million in 2023 and is expected to reach USD 583.6 million by 2030.
- The Spain market is expected to grow at a CAGR of 10.6% 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 288.4 million |
| Market revenue in 2030 | USD 583.6 million |
| Growth rate | 10.6% (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, Spain accounted for 1.9% 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 Europe, Germany endoscopes market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 885.4 million by 2030.
Flexible endoscopes market was the largest segment with a revenue share of 49.86% in 2023. Horizon Databook has segmented the Spain 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 demand for endoscopes in Spain is primarily driven by the growing geriatric population and the increasing burden of cancer in the country. Spain is witnessing a rise in the number of elderly individuals, leading to an increased need for endoscopy procedures for diagnosis and treatment.
Cancer screening procedures are in high demand in Spain due to the growing burden of cancer. According to a study published by NCBI in August 2022, cancer is a significant cause of morbidity and mortality in Spain, with an estimated 276,239 new cases reported in 2021.
The most diagnosed cancer types are bowel, prostate, and lung. In response to this, research centers in Spain are investing in R&D activities to develop advanced endoscopes. For example, Tecnalia Research and Innovation, in collaboration with other research and industrial organizations, has undertaken the Piccolo project to develop an advanced endoscope with high-resolution functional & structural imaging capabilities.
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Endoscopes Market Scope
Endoscopes Market Companies
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Spain endoscopes market size, by product, 2018-2030 (US$M)
Spain Endoscopes Market Outlook Share, 2023 & 2030 (US$M)
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