Market Insights Health Medical Technology Medical Devices

Endoscopic Devices - ASEAN

ASEAN

Revenue in the Endoscopic Devices market market in the Association of Southeast Asian Nations (in Association of Southeast Asian Nations (ASEAN)) is projected to reach US$0.76bn in 2025.
The revenue is expected to exhibit an annual growth rate (CAGR 2025-2029) of 8.42%, leading to a market volume of US$1.05bn by 2029.
In a global context, the majority of revenue will be generated the United States, which is set to reach US$11,070.00m in 2025.
The ASEAN region is witnessing a surge in demand for endoscopic devices, driven by increasing healthcare investments and a growing emphasis on minimally invasive procedures.

Key regions: Italy, United Kingdom, Netherlands, Germany, Japan

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Analyst Opinion

The Endoscopic Devices Market within the Medical Devices sector in ASEAN is experiencing moderate growth, influenced by factors such as technological advancements, increasing prevalence of chronic diseases, and a growing demand for minimally invasive procedures among healthcare providers.

Customer preferences: Consumers in the ASEAN region are demonstrating a growing preference for advanced endoscopic devices that enhance patient comfort and procedural efficiency. This shift is driven by an increasing awareness of the benefits of minimally invasive surgeries, particularly among the aging population and health-conscious younger demographics. Additionally, cultural attitudes towards healthcare are evolving, with a greater emphasis on preventive care and early diagnosis, resulting in higher demand for innovative diagnostic and therapeutic endoscopic solutions. As lifestyles become busier, patients are also favoring quicker recovery times associated with these advanced technologies.

Trends in the market: In the ASEAN region, the Endoscopic Devices Market within the Medical Devices sector is experiencing a notable shift towards advanced minimally invasive technologies. Healthcare providers are increasingly adopting sophisticated endoscopic solutions that enhance patient comfort and procedural efficiency. This trend is largely driven by the aging population's demand for less invasive options, alongside younger demographics seeking quicker recovery times. As awareness of preventive care and early diagnosis grows, industry stakeholders must adapt by investing in innovative devices and training programs, ensuring they meet the evolving expectations of both healthcare professionals and patients.

Local special circumstances: In the ASEAN region, the Endoscopic Devices Market is shaped by diverse local factors, including varying healthcare infrastructure and cultural attitudes towards medical treatment. Countries with advanced healthcare systems prioritize the adoption of cutting-edge endoscopic technologies, while those with limited resources focus on cost-effective solutions. Additionally, cultural beliefs influence patient willingness to undergo procedures, with some populations preferring traditional remedies. Regulatory frameworks also differ, affecting the speed of device approvals and market entry, ultimately shaping the competitive landscape and accessibility of innovative endoscopic solutions.

Underlying macroeconomic factors: The Endoscopic Devices Market in the ASEAN region is significantly shaped by macroeconomic factors, including national economic stability, healthcare expenditure, and demographic trends. Countries experiencing robust economic growth and increased healthcare investment are more likely to adopt advanced endoscopic technologies, leading to enhanced market performance. Conversely, nations facing economic challenges may prioritize budget-friendly medical solutions, impacting the types of devices available. Furthermore, an aging population and rising chronic disease prevalence across the region are driving demand for minimally invasive procedures, further stimulating market growth. Regulatory environments also play a crucial role, influencing the speed of innovation and market entry for new devices.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on medical devices and IVD revenues allocated to the country where the money is spent at manufacturer price levels excluding VAT.

Modeling approach / Market size:

Modeling employs a top-down approach with a bottom-up validation, using financial information of the key players by market. Market sizes are determined by a top-down approach, based on a specific rationale for each market market and allocated to the covered countries according to the global market shares. As a basis for evaluating markets, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare system, and regulations concerning medical products. Next, we use further relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare payer system, and regulations concerning medical products. This data helps us estimate the market size for each country individually.

Forecasts:

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

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.