Market Insights Health Medical Technology Medical Devices

Endoscopic Devices - Singapore

Singapore

The Endoscopic Devices market market in Singapore is anticipated to witness a significant increase in revenue, reaching US$55.01m by the year 2024.
This projection indicates a positive growth trend for the market.
Moreover, it is estimated that the market will continue to expand at an annual growth rate of 9.51% from 2024 to 2029, resulting in a market volume of US$86.62m by the end of this period.
When compared globally, it is noteworthy that the United States is expected to generate the highest revenue in the Endoscopic Devices market market, reaching a staggering US$10,390.00m in 2024.
This highlights the dominance of the United States in this market.
Singapore is at the forefront of endoscopic device innovation, with its strong healthcare infrastructure and commitment to technological advancements.

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

Market

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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.