India Gastrointestinal Endoscopic Devices Market Size & Outlook
India gastrointestinal endoscopic devices market, 2015-2027 (US$M)
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India gastrointestinal endoscopic devices market highlights
- The India gastrointestinal endoscopic devices market generated a revenue of USD 309.2 million in 2020 and is expected to reach USD 590.7 million by 2027.
- The India market is expected to grow at a CAGR of 9.7% from 2021 to 2027.
- In terms of segment, endoscopy visualization systems market was the largest revenue generating product in 2020.
- Endoscopes Market is the most lucrative product segment registering the fastest growth during the forecast period.
Gastrointestinal endoscopic devices market data book summary
| Market revenue in 2020 | USD 309.2 million |
| Market revenue in 2027 | USD 590.7 million |
| Growth rate | 9.7% (CAGR from 2020 to 2027) |
| Largest segment | Endoscopy visualization systems market |
| Fastest growing segment | Endoscopes Market |
| Historical data | 2015 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Endoscopes Market, Endoscopy Visualization Systems Market, Endoscopy Visualization Components Market, Operative Devices Market |
| Key market players worldwide | Stryker Corp, Boston Scientific Corp, Johnson & Johnson, FUJIFILM Holdings Corp, Conmed Corp |
Other key industry trends
- In terms of revenue, India accounted for 1.6% of the global gastrointestinal endoscopic devices market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Asia Pacific, Japan gastrointestinal endoscopic devices market is projected to lead the regional market in terms of revenue in 2027.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,950.8 million by 2027.
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Gastrointestinal Endoscopic Devices Market Scope
Gastrointestinal Endoscopic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India gastrointestinal endoscopic devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to gastrointestinal endoscopic devices market will help companies and investors design strategic landscapes.
Endoscopy visualization systems market was the largest segment with a revenue share of 41.24% in 2020. Horizon Databook has segmented the India gastrointestinal endoscopic devices market based on endoscopes market, endoscopy visualization systems market, endoscopy visualization components market, operative devices market covering the revenue growth of each sub-segment from 2015 to 2027.
India gastrointestinal endoscopy devices market is primarily driven by increasing preference for minimally invasive surgeries, improving coverage for these surgeries by private insurance, and rising disposable income. Moreover, high chronic disease burden and increasing availability of cancer screening programs are expected to positively affect the market growth.
According to National Institute of Cancer Prevention and Research (NICPR), nearly 0.7 million people are diagnosed with cancer every year. India launched an operational framework for National Cancer-Screening Programme in 2016, which would provide screening for cancer to people over 30 years in certain areas.
This is expected to drive the demand for endoscopic bariatric surgery. In June 2019, Mumbai-based gastroenterologists launched bariatric endoscopic centers called ENLITEN, where Endoscopic Sleeve Gastroplasty (ESG) procedures would take place. Thus, with more such centers, the number of ESG procedures is likely to increase, leading to market growth.
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Our clientele includes a mix of gastrointestinal endoscopic devices market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India gastrointestinal endoscopic devices market, including forecasts for subscribers. This country databook contains high-level insights into India gastrointestinal endoscopic devices market from 2015 to 2027, including revenue numbers, major trends, and company profiles.
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India gastrointestinal endoscopic devices market size, by product, 2015-2027 (US$M)
India Gastrointestinal Endoscopic Devices Market Share, 2020 & 2027 (US$M)
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