Market Insights Health Medical Technology Medical Devices

Endoscopic Devices - Australia & Oceania

Australia & Oceania

The projected revenue in the Endoscopic Devices market market in Australia & Oceania is expected to reach US$0.44bn in 2024.
This represents a significant market size for the region.
Looking ahead, the market is expected to grow at an annual growth rate of 6.69% from 2024 to 2028, resulting in a market volume of US$0.57bn by 2028.
This indicates a positive trend and a promising future for the industry in Australia & Oceania.
In a global comparison, it is worth noting that the United States is expected to generate the highest revenue in the Endoscopic Devices market market, with a projected revenue of US$10,160.00m in 2024.
This demonstrates the dominance of the US market in this particular industry.
Australia & Oceania is experiencing a rising demand for endoscopic devices due to advancements in medical technology and an increasing aging population.

Key regions: Spain, China, Netherlands, France, Japan

Market

Region

Region comparison

Currency

Methodology

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.