ASEAN Medical Endoscopes Market Outlook (2021-2031)

The ASEAN medical endoscopes market is projected to grow from USD 431.9 million in 2024 to USD 627.4 million by 2031, with an estimated compound annual growth rate (CAGR) of 5.5% from 2025 to 2031.

Executive Summary and Market Analysis:

ASEAN is emerging as a significant region within the Asia Pacific medical endoscope market, bolstered by improvements in healthcare infrastructure, increasing healthcare expenditures, and a growing awareness of less invasive treatment options. Countries such as Thailand, Malaysia, Indonesia, Vietnam, and the Philippines are leading this advancement, with both public and private healthcare facilities increasingly adopting advanced endoscopic equipment.

Market Segmentation Analysis:

The medical endoscopes market is segmented by product type, usability, application, and end user.

Product Type:The market includes rigid endoscopes, flexible endoscopes, capsule endoscopes, ultrasound endoscopes, and robot-assisted endoscopes. In 2024, the flexible endoscope segment held a dominant position.

Usability:The market is further divided into reusable and disposable endoscopes, with reusable endoscopes being the most prominent segment in 2024.

Application:The applications include gastrointestinal endoscopy, laparoscopy, gynecology endoscopy, arthroscopy, uroscopy, bronchoscopy, ENT endoscopy, neuroendoscopy, and others. The gastrointestinal endoscopy segment captured the largest market share in 2024.

End User:The market segments by end users include hospitals, specialty clinics, ambulatory surgical centers, and diagnostic centers, with hospitals maintaining the largest market share in 2024.

Market Outlook:

There has been a significant increase in regional cases of diseases affecting the stomach, lungs, and urinary tracts, which has heightened the demand for endoscopic examinations and treatments. Government initiatives such as cancer screening programs and the upgrading of hospital facilities further support this demand. Additionally, medical tourism in Thailand and Malaysia encourages private hospitals to invest in state-of-the-art equipment to serve both local and international patients. However, challenges remain, such as disparities in healthcare access between urban and rural areas and differing regulations across countries. With growing support from private firms, foreign aid, and increasing income levels, these nations are expected to promote greater adoption of endoscopes. In Singapore, the medical endoscope market is highly advanced and technology-driven, thanks to a robust healthcare system, government investment in precision medicine, and a well-established health tourism sector.

Country Insights:

The ASEAN medical endoscopes market is further categorized by country, including Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. Singapore held the largest market share in 2024. The medical endoscope market in Singapore is characterized by advanced technology and innovation. The country effectively adopts state-of-the-art endoscopic equipment, including AI-integrated imaging systems and robotic-assisted procedures. The demand for minimally invasive diagnostics, especially for gastrointestinal and colorectal screenings, is driven by public health initiatives and rising incidences of chronic diseases. Singapore also serves as a regional med-tech training and research hub, promoting local innovation. With ongoing public-private collaboration and a flexible regulatory environment, Singapore remains an ideal market for high-end, next-generation endoscopic solutions.

Company Profiles:

Key players in the ASEAN medical endoscopes market include Olympus Corporation, Johnson & Johnson, Karl Storz SE & Co. KG, Smith+Nephew, Medtronic, Boston Scientific, B. Braun SE, Stryker Corporation, Fujifilm Holdings Corporation, HOYA Corporation, and Ambu A/S. These companies employ strategies such as market expansion, product innovation, and mergers and acquisitions to maintain competitiveness and offer innovative products to consumers.