Endoscopic Devices - Ukraine | Statista Market Forecast

Revenue in the Endoscopic Devices market market in Ukraine is projected to reach US$42.62m in 2024.
Revenue in Ukraine is expected to exhibit an annual growth rate (CAGR 2024-2029) of 7.50%, leading to a market volume of US$61.20m by 2029.
In a global context, the majority of revenue will be generated the United States, with a projection of US$10.39bn in 2024.
In Ukraine, the increasing prevalence of gastrointestinal disorders is driving innovation and demand for advanced endoscopic devices within the medical technology 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 Ukraine is witnessing moderate growth, influenced by factors such as advancements in medical technology, increased healthcare investments, and a growing demand for minimally invasive procedures among patients and healthcare providers.

Customer preferences: Consumers in Ukraine are increasingly prioritizing minimally invasive surgical options, reflecting a cultural shift towards faster recovery times and reduced hospital stays. This trend is bolstered by a growing awareness of the benefits of endoscopic procedures, as patients seek alternatives to traditional surgeries. Additionally, the aging population is driving demand for effective treatment solutions, while the rise of health-conscious individuals encourages healthcare providers to adopt advanced endoscopic technologies. These factors collectively enhance the appeal of endoscopic devices in the medical market.

Trends in the market: In Ukraine, the Endoscopic Devices Market is experiencing a significant shift towards advanced minimally invasive surgical techniques, driven by an increasing patient preference for quicker recovery and shorter hospital stays. This trend is amplified by a heightened awareness of the efficacy of endoscopic procedures, as patients actively seek alternatives to conventional surgical options. Furthermore, the aging demographic is intensifying the demand for innovative treatment solutions, while a surge in health-conscious individuals prompts healthcare providers to integrate cutting-edge endoscopic technologies. These dynamics are reshaping the competitive landscape, creating opportunities for industry stakeholders to invest in research and development, enhance product offerings, and improve patient education initiatives.

Local special circumstances: In Ukraine, the Endoscopic Devices Market is uniquely shaped by the country's historical reliance on traditional surgical methods, which contrasts with the growing acceptance of minimally invasive techniques. The regional healthcare system faces challenges, including limited funding and infrastructure, yet this has spurred innovation as local manufacturers develop cost-effective solutions. Additionally, cultural attitudes towards healthcare, emphasizing patient involvement and education, are driving demand for advanced endoscopic technologies. Regulatory frameworks are gradually evolving, fostering a supportive environment for market growth and attracting foreign investments.

Underlying macroeconomic factors: The Endoscopic Devices Market in Ukraine is significantly influenced by macroeconomic factors, including the national economic health and global economic trends. Economic stability is crucial, as fluctuations can impact healthcare funding and investment in medical technologies. Ukraine's fiscal policies, which prioritize healthcare reforms, are fostering an environment conducive to innovation and growth in endoscopic devices. Furthermore, the rising demand for minimally invasive surgeries, driven by an aging population and increased awareness of healthcare options, aligns with global shifts towards advanced medical technologies. This synergy between local needs and global trends enhances market potential and attracts foreign investment.

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.