Endoscopic Devices - Fiji | Statista Market Forecast

In Fiji, revenue in the Endoscopic Devices market market is projected to reach US$1.42m in 2024.
This revenue is anticipated to exhibit an annual growth rate (CAGR 2024-2029) of 7.37%, leading to a market volume of US$2.02m by 2029.
On a global scale, the majority of revenue is expected to be generated the United States, with a figure of US$10.39bn in 2024.
The growing emphasis on minimally invasive surgical procedures in Fiji is significantly driving the demand for advanced endoscopic devices in the healthcare sector.

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 Fiji is experiencing moderate growth, influenced by factors such as advancements in medical technology, increasing demand for minimally invasive procedures, and rising healthcare investments aimed at improving patient outcomes.

Customer preferences: In Fiji, there is a notable shift towards patient-centered care in the Endoscopic Devices Market, as consumers increasingly prefer minimally invasive procedures that promise quicker recovery times and reduced hospital stays. This trend is influenced by a growing awareness of health issues and the desire for effective, less invasive treatment options. Additionally, the aging population, combined with rising healthcare literacy, is driving demand for advanced endoscopic technologies that align with patients' expectations for improved outcomes and personalized care.

Trends in the market: In Fiji, the Endoscopic Devices Market is experiencing a significant shift towards the adoption of advanced technologies that enhance minimally invasive procedures. This trend is driven by an increasing preference for surgeries that reduce recovery time and hospital stays, reflecting a broader movement towards patient-centered care. Additionally, the aging population and heightened healthcare literacy are leading to a growing demand for innovative endoscopic solutions that offer improved clinical outcomes. For industry stakeholders, these trends signify an urgent need to invest in research and development, as well as training for healthcare providers to ensure they are equipped to meet evolving patient expectations.

Local special circumstances: In Fiji, the Endoscopic Devices Market is shaped by the unique geographical challenges and cultural perspectives that influence healthcare delivery. The archipelago's remote islands often face logistical hurdles in accessing advanced medical technologies, necessitating innovative solutions to ensure equitable healthcare. Additionally, the strong community ties and cultural emphasis on traditional healing methods can impact patient acceptance of minimally invasive procedures. Regulatory frameworks also play a crucial role, as the government seeks to balance the adoption of modern medical devices with adherence to local health standards, ultimately affecting market dynamics.

Underlying macroeconomic factors: The Endoscopic Devices Market in Fiji is significantly influenced by macroeconomic factors such as national economic health, healthcare expenditure, and global trade dynamics. As the economy evolves, increased investment in healthcare infrastructure and technology can enhance access to endoscopic devices. However, fiscal policies and government funding constraints may limit the procurement of advanced medical technologies, affecting market growth. Additionally, global economic trends, such as supply chain disruptions and currency fluctuations, can impact the affordability and availability of these devices, ultimately shaping the landscape of healthcare delivery in Fiji.

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.