Australia Endoscopes Market Size & Outlook, 2024-2030
The endoscopes market in Australia is expected to reach a projected revenue of US$ 564.1 million by 2030. A compound annual growth rate of 5.1% is expected of Australia endoscopes market from 2024 to 2030.
In terms of revenue, Australia accounted for 1.7% 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 Asia Pacific, China endoscopes market is projected to lead the regional market in terms of revenue in 2030.
India is the fastest growing regional market in Asia Pacific and is projected to reach USD 615.1 million by 2030.
The endoscopes market in Australia is primarily driven by the increased prevalence of cancer and various initiatives promoting the importance of cancer screening. According to Australian Health and Welfare, approximately 151,000 Australians were diagnosed with cancer in 2021.
In addition, the growing geriatric population in Australia, prone to chronic diseases requiring endoscopic procedures, is expected to drive market growth. Population projections indicate that in 2022, Australia had approximately 4 million individuals between the ages of 65 and 84.
Moreover, there is a rapid acceleration expected within the same age groups of 65 and 84 over the next decade. Furthermore, the market is also driven by the increasing demand for minimally invasive techniques as they offer reduced procedure time, reduced pain, and increased efficacy in results.
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 Endoscopes Market Outlook will help companies and investors design strategic landscapes.
Endoscopes was the largest segment with a revenue share of 105.28% in 2023.
Horizon Databook has segmented the Australia endoscopes market based on endoscopes covering the revenue growth of each sub-segment from 2018 to 2030.
The endoscopes market in Australia is primarily driven by the increased prevalence of cancer and various initiatives promoting the importance of cancer screening. According to Australian Health and Welfare, approximately 151,000 Australians were diagnosed with cancer in 2021.
In addition, the growing geriatric population in Australia, prone to chronic diseases requiring endoscopic procedures, is expected to drive market growth. Population projections indicate that in 2022, Australia had approximately 4 million individuals between the ages of 65 and 84.
Moreover, there is a rapid acceleration expected within the same age groups of 65 and 84 over the next decade. Furthermore, the market is also driven by the increasing demand for minimally invasive techniques as they offer reduced procedure time, reduced pain, and increased efficacy in results.
Australia Endoscopes Market Product Outlook (Revenue, USD Million , 2018-2030)
Endoscopes
Reasons to subscribe to Endoscopes Market Outlook databook
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Endoscopes Market Outlook databook
Our clientele includes a mix of Endoscopes Market Outlook companies, investment firms, advisory firms & academic institutions.
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Australia Endoscopes Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Australia Endoscopes Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.