Endoscopic Devices - Zimbabwe | Statista Market Forecast

In Zimbabwe, revenue in the Endoscopic Devices market market is projected to reach US$4.41m in 2024.
It is anticipated that revenue will demonstrate an annual growth rate (CAGR 2024-2029) of 4.13%.
This growth will lead to a market volume of US$5.40m by 2029.
In a global context, the United States is expected to generate the highest revenue, amounting to US$10.39bn in 2024.
In Zimbabwe, the adoption of endoscopic devices is gradually increasing, driven by a growing focus on advanced healthcare solutions and improving surgical 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 within the Medical Devices sector in Zimbabwe is witnessing elevated growth, fueled by advancements in technology, increasing healthcare investments, and a rising demand for minimally invasive procedures among patients.

Customer preferences: Consumers in Zimbabwe are increasingly favoring minimally invasive surgical options, reflecting a broader trend towards quicker recovery times and reduced hospital stays. This shift is influenced by a growing awareness of health and wellness, as well as cultural preferences for less intrusive medical interventions. Additionally, demographic changes, such as a younger population seeking advanced healthcare solutions, are driving demand for innovative endoscopic devices. The rise of medical tourism also highlights a desire for high-quality, efficient care that aligns with modern lifestyle expectations.

Trends in the market: In Zimbabwe, the Endoscopic Devices Market within the Medical Devices sector is experiencing a notable shift towards advanced minimally invasive surgical techniques. This trend is propelled by increasing patient awareness regarding the benefits of quicker recovery and lower risks associated with traditional surgeries. As healthcare access improves, the demand for innovative endoscopic solutions is rising, especially among a younger demographic seeking effective treatments. Moreover, the influx of medical tourism indicates a growing preference for high-quality care, prompting stakeholders to invest in cutting-edge technologies and training to meet evolving patient expectations.

Local special circumstances: In Zimbabwe, the Endoscopic Devices Market is shaped by unique local factors such as a dual healthcare system, where public facilities often face resource constraints, while private institutions are emerging with advanced technologies. Cultural perceptions of surgery influence patient choices, with many favoring minimally invasive options to reduce recovery time and scarring. Additionally, regulatory challenges regarding the approval of medical devices can slow market entry, yet increasing partnerships with global manufacturers are enhancing access to innovative endoscopic solutions, driving growth in this sector.

Underlying macroeconomic factors: The Endoscopic Devices Market in Zimbabwe is influenced by several macroeconomic factors, including national economic health, global economic trends, and fiscal policies. The country's economic stability plays a crucial role in healthcare funding, impacting investment in medical technologies. Additionally, fluctuations in foreign exchange rates can affect the import costs of advanced endoscopic devices, limiting access for public healthcare facilities. Global trends, such as increasing demand for minimally invasive procedures, are driving local healthcare providers to adopt new technologies. Furthermore, supportive fiscal policies may enhance funding for healthcare infrastructure, fostering growth in the endoscopic devices sector amidst regulatory challenges.

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.