Endoscopic Devices - Eastern Africa

Revenue in the Endoscopic Devices market market in Eastern Africa is projected to reach US$75.94m in 2024.
Revenue is expected to exhibit an annual growth rate (CAGR 2024-2029) of 8.28%, which would result in a market volume of US$113.00m by 2029.
In a global context, the highest revenue will be generated the United States, with figures amounting to US$10.39bn in 2024.
In Eastern Africa, the increasing prevalence of gastrointestinal diseases is driving a surge in demand for advanced endoscopic devices in healthcare facilities.

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 Eastern Africa is witnessing moderate growth, influenced by factors such as increasing healthcare investments, rising demand for minimally invasive procedures, and growing awareness of advanced diagnostic technologies among healthcare providers.

Customer preferences: Consumers in Eastern Africa are increasingly prioritizing health and wellness, driving a shift towards minimally invasive procedures that reduce recovery time and enhance quality of life. This trend is influenced by a growing middle class that values quick and effective healthcare solutions, as well as an increasing awareness of advanced diagnostic technologies. Additionally, urbanization and demographic changes are contributing to a rise in demand for endoscopic devices, as patients seek less invasive options that align with their busy lifestyles and health goals.

Trends in the market: In Eastern Africa, the Endoscopic Devices Market within the Medical Technology sector is experiencing significant growth, driven by an increasing preference for minimally invasive procedures among healthcare consumers. This shift is largely motivated by a burgeoning middle class that demands efficient healthcare solutions and a heightened awareness of advanced diagnostic techniques. Additionally, urbanization and changing demographics are escalating the demand for endoscopic devices, as patients seek options that complement their fast-paced lifestyles. This trend holds substantial implications for industry stakeholders, emphasizing the need for innovation and accessibility in medical device offerings.

Local special circumstances: In Eastern Africa, the Endoscopic Devices Market is shaped by unique local factors such as diverse healthcare infrastructure and varying levels of access to medical technology. Many regions face challenges related to limited healthcare resources and a shortage of trained medical professionals, which can hinder the adoption of advanced endoscopic techniques. Cultural attitudes towards healthcare also play a role, with traditional medicine often preferred in rural areas. Furthermore, regulatory frameworks differ significantly from those in developed markets, impacting the speed of device approvals and market entry for new technologies.

Underlying macroeconomic factors: The Endoscopic Devices Market in Eastern Africa is significantly influenced by macroeconomic factors such as national economic health, investment in healthcare infrastructure, and regulatory conditions. Countries experiencing economic growth often allocate more resources to healthcare, facilitating the adoption of advanced medical technologies like endoscopic devices. Conversely, regions facing economic challenges may struggle with limited funding for healthcare initiatives, impacting device availability. Additionally, the global trend towards minimally invasive procedures is driving interest in endoscopic solutions, while varying regulatory frameworks can either expedite or delay market entry for new technologies, shaping competitive dynamics in the sector.

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.