Market Insights Health Medical Technology Medical Devices

Endoscopic Devices - Philippines

Philippines

The projected revenue in the Endoscopic Devices market market in the Philippines is estimated to reach US$38.61m in 2024.
This indicates a positive growth trend as the market is expected to show an annual growth rate (CAGR 2024-2028) of 9.24%.
Consequently, the market volume is anticipated to expand to US$54.99m by 2028.
In a global comparison, the United States is poised to generate the highest revenue in the Endoscopic Devices market market, with an estimated US$10,160.00m in 2024.
The demand for endoscopic devices in the Philippines is rapidly increasing due to the country's growing healthcare infrastructure and rising awareness about minimally invasive procedures.

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.