The endoscopes market in India is expected to reach a projected revenue of US$ 615.1 million by 2030. A compound annual growth rate of 5.4% is expected of India endoscopes market from 2024 to 2030.
In terms of revenue, India accounted for 1.8% 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 India is primarily driven by the increased preference for minimally invasive surgeries, the availability of favorable reimbursement plans by private insurance companies, and rising disposable income among the population. Furthermore, the high burden of chronic diseases in India and the availability of cancer screening programs are expected to positively impact market growth.
According to the National Institute of Cancer Prevention and Research (NICPR), nearly 0.7 million people are diagnosed with cancer in India every year. In 2016, the country launched an operational framework for a national cancer screening program, which includes screening for cervical, oral, and breast cancers among individuals over the age of 30 in specific areas.
These initiatives aim to increase awareness and enable early cancer diagnosis, fueling market growth. Moreover, obesity is another prevalent condition in India. According to World Obesity Federation, India scored 7 out of 10 in national obesity risk, and the growth rate of the obese population in India is likely to reach 5% by 2025.
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 105.47% in 2023.
Horizon Databook has segmented the India endoscopes market based on endoscopes covering the revenue growth of each sub-segment from 2018 to 2030.
The endoscopes market in India is primarily driven by the increased preference for minimally invasive surgeries, the availability of favorable reimbursement plans by private insurance companies, and rising disposable income among the population. Furthermore, the high burden of chronic diseases in India and the availability of cancer screening programs are expected to positively impact market growth.
According to the National Institute of Cancer Prevention and Research (NICPR), nearly 0.7 million people are diagnosed with cancer in India every year. In 2016, the country launched an operational framework for a national cancer screening program, which includes screening for cervical, oral, and breast cancers among individuals over the age of 30 in specific areas.
These initiatives aim to increase awareness and enable early cancer diagnosis, fueling market growth. Moreover, obesity is another prevalent condition in India. According to World Obesity Federation, India scored 7 out of 10 in national obesity risk, and the growth rate of the obese population in India is likely to reach 5% by 2025.
India Endoscopes Market Product Outlook (Revenue, USD Million , 2018-2030)
Endoscopes
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Horizon Databook provides a detailed overview of country-level data and insights on the India Endoscopes Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into India Endoscopes Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.