The Market Growth Can be Attributed to the Rising Incidences of Stomach Diseases and the Growing Demand for Minimally Invasive Devices.
Endoscopy is a medical technique in which a medical device is inserted within the body to find and diagnose the underlying problems with specific systems, typically those in the gastrointestinal tract. Endoscopic devices consist of a flexible tube with a camera connected at the tube's end. The camera takes photographs and displays them through sensors on the film panels. Endoscopic devices are used to identify a wide range of illnesses and ailments, including anemia, bleeding, inflammation, diarrhea, and digestive system malignancies.
The population of the Kingdom of Saudi Arabia is currently experiencing an increase in cases of stomach cancer. About 7% of all deaths in the nation are due to stomach cancer, the third most common cancer type to cause mortality. The market for endoscopy devices in Saudi Arabia will rise over the next five years due to increasing concerns about the early detection of stomach cancer and routine exams and testing carried out by those with a family history of cancer.
Male citizens of the country are more likely to develop stomach cancer than female citizens are. High rates of smoking and alcohol usage in the male population may be to blame for the disease's higher incidence among men. Additionally, unhealthy fast-food intake and sedentary lifestyles contribute to ailments like diabetes, high blood pressure, and obesity. The Saudi Arabia endoscopy devices market will increase over the next five years due to the rising prevalence of these diseases and the need for improved endoscopic instruments to determine their causes and underlying reasons for effective treatment.
Ongoing research and technological developments in medical devices, including endoscopic gadgets and the development of non-invasive or minimally invasive devices, are expected to aid market growth. Besides, growing government support through financial assistance, advantageous programs, and enhanced focus on the healthcare sector are bolstering the growth of the Saudi Arabia endoscopy devices market.
The Saudi Arabia endoscopy devices market is segmented on the basis of type, application, end user, competitional landscape, and regional distribution. Based on type, the market is further differentiated into rigid endoscopes, flexible endoscopes, capsule endoscopy, disposable endoscopes, and others. The flexible endoscopes segment is anticipated to hold the largest share in the market during the forecast period, owing to the advantages of the device in performing minimally invasive procedures.
Market players operating in the Saudi Arabia endoscopy devices market are Karl Storz Saudi Arabia, Ambu A/S, Hill-Rom Company, Inc., Fujifilm Saudi Arabia, Olympus Saudi Arabia, Stryker Saudi Arabia, among others.
Years considered for this report:
- Historical Years: 2017-2020
- Base Year: 2021
- Estimated Year: 2022E
- Forecast Period: 2023F-2027F
Objective of the Study:
- To analyze the historical growth in the market size of the Saudi Arabia endoscopy devices market from 2017 to 2021.
- To estimate and forecast the market size of Saudi Arabia endoscopy devices market from 2022E to 2027F and growth rate until 2027F.
- To classify and forecast the Saudi Arabia endoscopy devices market based on type, application, end user, region, and company.
- To identify the dominant region or segment in the Saudi Arabia endoscopy devices market.
- To identify drivers and challenges for the Saudi Arabia endoscopy devices market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Saudi Arabia endoscopy devices market.
- To identify and analyze the profiles of leading players operating in the Saudi Arabia endoscopy devices market.
- To identify key sustainable strategies adopted by market players in Saudi Arabia endoscopy devices market.
The publisher calculated the market size of the Saudi Arabia endoscopy devices market using a bottom up approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.
Key Target Audience:
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances
Report Scope:In this report, Saudi Arabia endoscopy devices market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Saudi Arabia Endoscopy Devices Market, By Type:
- Rigid Endoscopes
- Flexible Endoscopes
- Capsule Endoscopy
- Disposable Endoscopes
Saudi Arabia Endoscopy Devices Market, By Application:
- Gastrointestinal Endoscopy
- Obstetrics/Gynecology Endoscopy
Saudi Arabia Endoscopy Devices Market, By End User:
- Hospitals & Clinics
- Diagnostic Centers
Saudi Arabia Endoscopy Devices Market, By Region:
- Northern & Central Region
- Eastern Region
- Western Region
- Southern Region
Competitive LandscapeCompany Profiles: Detailed analysis of the major companies present in Saudi Arabia endoscopy devices market.
Available Customizations:With the given market data, the publisher offers customizations according to a company’s specific needs.
This product will be delivered within 1-3 business days.
Table of Contents
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type (Rigid Endoscopes, Flexible Endoscopes, Capsule Endoscopy, Disposable Endoscopes, Others)
6.2.2. By Application (Gastrointestinal Endoscopy, Laparoscopy, Bronchoscopy, Obstetrics/Gynecology Endoscopy, Others)
6.2.3. By End User (Hospitals & Clinics, Diagnostic Centers, Others)
6.2.4. By Company (2021)
6.3. Product Market Map
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Application
7.2.2. By End User
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Application
8.2.2. By End User
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Application
9.2.2. By End User
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Application
10.2.2. By End User
16.2. Ambu A/S
16.3. Hill-Rom Company, Inc.
16.4. Fujifilm Saudi Arabia
16.5. Olympus Saudi Arabia
16.6. Stryker Saudi Arabia
A selection of companies mentioned in this report includes:
- Karl Storz Saudi Arabia
- Ambu A/S
- Hill-Rom Company, Inc.
- Fujifilm Saudi Arabia
- Olympus Saudi Arabia
- Stryker Saudi Arabia