Market Insights Health Hospitals Inpatient Care

Gastroenterology - Southern Asia

Southern Asia

In Southern Asia, the Gastroenterology market is anticipated to witness a significant growth in revenue, with projections indicating that it will reach a staggering US$5.76bn by the year 2024.
This growth is expected to continue at a steady pace, with an annual growth rate of 6.87% (CAGR 2024-2029).
As a result, the market volume is projected to reach an impressive US$8.03bn by 2029.
When comparing the global market, it is noteworthy that in the United States is expected to generate the highest revenue in this sector, amounting to a substantial US$60,480.00m in the year 2024.
In Southern Asia, India is witnessing a rising trend in the adoption of minimally invasive procedures in the field of gastroenterology.

Key regions: Brazil, China, Europe, United Kingdom, Canada

Market

Region

Region comparison

Currency

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on revenue received by hospitals from public or private sources, allocated to the country where the money is spent, including VAT if applicable.

Modeling approach / Market size:

Market sizes are determined by a bottom-up approach, based on a specific rationale for each market market. Next, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, public health spend, and GDP. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.