Endoscopic Devices - Bahrain | Statista Market Forecast

In Bahrain, revenue in the Endoscopic Devices market market is projected to reach US$10.25m in 2024.
The revenue is anticipated to exhibit an annual growth rate (CAGR 2024-2029) of 7.48%, leading to a market volume of US$14.70m by 2029.
In a global context, the United States is expected to generate the highest revenue, amounting to US$10.39bn in 2024.
Bahrain's healthcare sector is increasingly adopting advanced endoscopic devices, reflecting a growing emphasis on minimally invasive surgical procedures and enhanced patient outcomes.

Definition:
The Endoscopic Devices market, a medical technology market, includes the sale of endoscopic devices. Endoscopy involves the use of an endoscope to examine the inside of a hollow organ or body cavity. The market includes various types of endoscopes, such as gastroscopes, laparoscopes, bronchoscopes, and colonoscopes.

Additional information:
Market values represent revenues paid to primary vendors at manufacturer price level either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B), and governments (B2G). Revenues are allocated to the country where the money is spent.

Key players in the market include Olympus Corporation, Boston Scientific Corporation, and Stryker Corporation. Further information on the key players can be found in the Market Shares boxes.

Endoscopic devices
Implants such as stents

pharmaceuticals for endoscopic procedure

The Endoscopic Devices Market in Bahrain is witnessing moderate growth, influenced by factors such as increasing healthcare investments, advancements in medical technology, and a growing emphasis on minimally invasive procedures among healthcare providers and patients.

Customer preferences: Consumers in Bahrain are increasingly favoring minimally invasive procedures, driving a rise in demand for advanced endoscopic devices. This trend is influenced by a growing awareness of the benefits associated with such procedures, including shorter recovery times and reduced hospital stays. Additionally, as the population ages and chronic conditions become more prevalent, there is a heightened focus on effective diagnostic and therapeutic options. Cultural attitudes towards health and wellness also play a role, with a preference for innovative technologies that enhance patient outcomes and satisfaction.

Trends in the market: In Bahrain, the Endoscopic Devices Market is experiencing significant growth, driven by a shift towards minimally invasive surgical techniques that offer patients quicker recovery and reduced hospitalization. This trend is underscored by increasing awareness among healthcare providers and patients about the advantages of endoscopy for diagnosis and treatment. As the aging population presents more chronic health issues, the demand for innovative endoscopic solutions is expected to surge. Industry stakeholders must adapt by investing in advanced technologies and training, ensuring they meet the evolving needs of healthcare professionals and patients alike.

Local special circumstances: In Bahrain, the Endoscopic Devices Market is influenced by the country's unique geographical and cultural context, as well as its regulatory environment. The compact size of Bahrain facilitates efficient healthcare delivery, allowing for timely access to advanced medical technologies. Culturally, there is a strong emphasis on high-quality healthcare, prompting both public and private sectors to invest in state-of-the-art endoscopic solutions. Additionally, Bahrain's regulatory framework supports innovation by streamlining the approval process for new medical devices, fostering a competitive landscape that encourages the adoption of minimally invasive procedures among healthcare providers.

Underlying macroeconomic factors: The Endoscopic Devices Market in Bahrain is shaped by several macroeconomic factors, including national economic stability, healthcare investment, and global market trends. The Bahrain economy benefits from a diverse revenue base, enabling the government to allocate significant resources toward healthcare infrastructure and innovation. This investment fosters a conducive environment for the adoption of advanced endoscopic technologies. Moreover, global trends towards minimally invasive procedures are influencing local demand, leading to increased collaboration between health authorities and medical device manufacturers. Favorable fiscal policies further enhance market growth by incentivizing research and development in medical technologies.

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.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

Medical technology plays a role in the lives of everyone. It includes most of all, medical devices which simplify the prevention, diagnosis, and treatment of diseases and illnesses. The most well-known medical technology products are, among others, pacemakers, imaging instruments, dialysis machines, and implants. The global medical technology industry was worth over 567 billion U.S. dollars annually. Established centers of this industry include North America and Western Europe. The United States is home to the world’s largest medical technology companies. As of 2022, Abbott Laboratories had the largest global revenue at over 31.2 billion U.S. dollars. The main focus of devices manufactured by the Chicago-based company are diagnostics, cardiovascular, and diabetes care. Two other medtech companies that round off the top three largest companies –Medtronic and Johnson & Johnson – are both based in the United States. Although, industry trends show that Asia, and in particular China, is about to play a more prominent role in the years to come.