ASEAN Ultrasound Endoscopes Market Outlook (2021-2031)
Description
The ASEAN ultrasound endoscopes market is projected to grow significantly, with an expected market size of US$ 54.3 million by 2031, up from US$ 36.5 million in 2024. This growth translates to a compound annual growth rate (CAGR) of 5.9% from 2025 to 2031.
Executive Summary and Market Analysis
The ultrasound endoscopes market in the ASEAN region is experiencing steady growth, driven by increased healthcare investments and enhanced regional collaboration. Countries throughout Southeast Asia are focusing on improving their diagnostic capabilities, particularly in urban hospitals and specialized clinics. This market growth is further supported by a heightened awareness of the importance of early detection of gastrointestinal and pancreatic diseases. Governments in the region are promoting improved screening programs, which in turn is leading to a greater adoption of ultrasound endoscopes.
Despite variations in affordability and access across different member states, the overall trend is positive. There is a noticeable increase in regional medical conferences and cross-border training initiatives that aim to standardize medical practices. As the demand for less invasive diagnostic methods rises, ultrasound endoscopy is becoming an increasingly popular clinical tool in various healthcare facilities across ASEAN.
Market Segmentation Analysis
The ultrasound endoscopes market can be segmented based on product type, application, and end user.
By Product Type: The market is divided into linear and radial ultrasound endoscopes. The linear segment was the dominant segment in 2024, reflecting its widespread use in clinical settings.
By Application: The applications of ultrasound endoscopes include gastrointestinal endoscopy, bronchoscopy, and other uses. The gastrointestinal endoscopy segment was the largest contributor to the market in 2024, highlighting the critical role of ultrasound endoscopy in diagnosing GI diseases.
By End User: The market is segmented into hospitals, specialty clinics, ambulatory surgical centers, and diagnostic centers. In 2024, hospitals held the largest market share, indicating that they are the primary users of ultrasound endoscopes.
Market Outlook
The primary driver of growth in the ultrasound endoscopes market within the ASEAN region is the rising middle class and their increasing expectations for quality healthcare. Patients are becoming more informed and are actively seeking advanced diagnostic options, particularly in private healthcare facilities. This shift in patient behavior is prompting healthcare providers to invest in state-of-the-art equipment. Ultrasound endoscopy is increasingly recognized as a preferred technology for diagnosing gastrointestinal diseases.
Additionally, local health sector reforms are facilitating the procurement of medical devices, enabling hospitals to access the latest diagnostic technologies. The growth of medical tourism in countries such as Thailand and Malaysia is also encouraging healthcare facilities to enhance their diagnostic offerings to meet international standards.
Country Insights
The ASEAN ultrasound endoscopes market can be analyzed by country, with key players including Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. Singapore emerged as the market leader in 2024, primarily due to its advanced healthcare system and commitment to clinical excellence.
In Singapore, hospitals like Singapore General Hospital and Tan Tock Seng Hospital have integrated endoscopic ultrasound into their routine diagnostic procedures, particularly in gastroenterology and oncology. The country’s focus on precision medicine and early detection has positioned endoscopic ultrasound as a vital diagnostic tool. Furthermore, local research initiatives contribute to innovation and the refinement of techniques in this field. Singapore's regulatory framework and procurement processes facilitate the seamless adoption of new technologies, reinforcing its status as a regional hub for advanced diagnostics.
Company Profiles
Key players in the ASEAN ultrasound endoscopes market include Olympus Corporation, FUJIFILM Holding Corporation, Hoya Corporation, SonoScape Medical Corp, and Beijing LepuImage Technology Co., Ltd. These companies are employing various strategies such as market expansion, product innovation, and mergers and acquisitions to maintain competitiveness and deliver innovative products to their customers.
Executive Summary and Market Analysis
The ultrasound endoscopes market in the ASEAN region is experiencing steady growth, driven by increased healthcare investments and enhanced regional collaboration. Countries throughout Southeast Asia are focusing on improving their diagnostic capabilities, particularly in urban hospitals and specialized clinics. This market growth is further supported by a heightened awareness of the importance of early detection of gastrointestinal and pancreatic diseases. Governments in the region are promoting improved screening programs, which in turn is leading to a greater adoption of ultrasound endoscopes.
Despite variations in affordability and access across different member states, the overall trend is positive. There is a noticeable increase in regional medical conferences and cross-border training initiatives that aim to standardize medical practices. As the demand for less invasive diagnostic methods rises, ultrasound endoscopy is becoming an increasingly popular clinical tool in various healthcare facilities across ASEAN.
Market Segmentation Analysis
The ultrasound endoscopes market can be segmented based on product type, application, and end user.
By Product Type: The market is divided into linear and radial ultrasound endoscopes. The linear segment was the dominant segment in 2024, reflecting its widespread use in clinical settings.
By Application: The applications of ultrasound endoscopes include gastrointestinal endoscopy, bronchoscopy, and other uses. The gastrointestinal endoscopy segment was the largest contributor to the market in 2024, highlighting the critical role of ultrasound endoscopy in diagnosing GI diseases.
By End User: The market is segmented into hospitals, specialty clinics, ambulatory surgical centers, and diagnostic centers. In 2024, hospitals held the largest market share, indicating that they are the primary users of ultrasound endoscopes.
Market Outlook
The primary driver of growth in the ultrasound endoscopes market within the ASEAN region is the rising middle class and their increasing expectations for quality healthcare. Patients are becoming more informed and are actively seeking advanced diagnostic options, particularly in private healthcare facilities. This shift in patient behavior is prompting healthcare providers to invest in state-of-the-art equipment. Ultrasound endoscopy is increasingly recognized as a preferred technology for diagnosing gastrointestinal diseases.
Additionally, local health sector reforms are facilitating the procurement of medical devices, enabling hospitals to access the latest diagnostic technologies. The growth of medical tourism in countries such as Thailand and Malaysia is also encouraging healthcare facilities to enhance their diagnostic offerings to meet international standards.
Country Insights
The ASEAN ultrasound endoscopes market can be analyzed by country, with key players including Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. Singapore emerged as the market leader in 2024, primarily due to its advanced healthcare system and commitment to clinical excellence.
In Singapore, hospitals like Singapore General Hospital and Tan Tock Seng Hospital have integrated endoscopic ultrasound into their routine diagnostic procedures, particularly in gastroenterology and oncology. The country’s focus on precision medicine and early detection has positioned endoscopic ultrasound as a vital diagnostic tool. Furthermore, local research initiatives contribute to innovation and the refinement of techniques in this field. Singapore's regulatory framework and procurement processes facilitate the seamless adoption of new technologies, reinforcing its status as a regional hub for advanced diagnostics.
Company Profiles
Key players in the ASEAN ultrasound endoscopes market include Olympus Corporation, FUJIFILM Holding Corporation, Hoya Corporation, SonoScape Medical Corp, and Beijing LepuImage Technology Co., Ltd. These companies are employing various strategies such as market expansion, product innovation, and mergers and acquisitions to maintain competitiveness and deliver innovative products to their customers.
Table of Contents
208 Pages
- 1. Introduction
- 1.1 Report Guidance
- 1.2 Market Segmentation
- 2. Executive Summary
- 2.1 Key Market Insights
- 2.2 Market Attractiveness
- 3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Data Triangulation and Validation
- 4. ASEAN Ultrasound Endoscopes Market Landscape
- 4.1 Overview
- 4.3 Ecosystem Analysis
- 4.3.1 List of Vendors in the Value Chain
- 5. ASEAN Ultrasound Endoscopes Market – Key Market Dynamics
- 5.1 Market Drivers
- 5.2 Market Restraints
- 5.3 Market Opportunities
- 5.4 Future Trends
- 5.5 Impact of Drivers and Restraints
- 6. ASEAN Ultrasound Endoscopes Market Regional Analysis
- 6.2 ASEAN Ultrasound Endoscopes Market Revenue 2021-2031 (US$ Million)
- 6.3 ASEAN Ultrasound Endoscopes Market Forecast Analysis
- 7. ASEAN Ultrasound Endoscopes Market Analysis – by Product Type
- 7.1 Linear
- 7.1.1 Overview
- 7.1.2 Linear: ASEAN Ultrasound Endoscopes Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 7.2 Radial
- 7.2.1 Overview
- 7.2.2 Radial: ASEAN Ultrasound Endoscopes Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 8. ASEAN Ultrasound Endoscopes Market Analysis – by Application
- 8.1 Gastrointestinal Endoscopy
- 8.1.1 Overview
- 8.1.2 Gastrointestinal Endoscopy: ASEAN Ultrasound Endoscopes Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 8.2 Bronchoscopy
- 8.2.1 Overview
- 8.2.2 Bronchoscopy: ASEAN Ultrasound Endoscopes Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 8.3 Others
- 8.3.1 Overview
- 8.3.2 Others: ASEAN Ultrasound Endoscopes Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 9. ASEAN Ultrasound Endoscopes Market Analysis – by End User
- 9.1 Hospitals
- 9.1.1 Overview
- 9.1.2 Hospitals: ASEAN Ultrasound Endoscopes Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 9.2 Specialty Clinics
- 9.2.1 Overview
- 9.2.2 Specialty Clinics: ASEAN Ultrasound Endoscopes Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 9.3 Ambulatory Surgical Centers
- 9.3.1 Overview
- 9.3.2 Ambulatory Surgical Centers: ASEAN Ultrasound Endoscopes Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 9.4 Diagnostic Centers
- 9.4.1 Overview
- 9.4.2 Diagnostic Centers: ASEAN Ultrasound Endoscopes Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 10. ASEAN Ultrasound Endoscopes Market – ASEAN Analysis
- 10.1 Overview
- 10.2 ASEAN
- 10.2.1 ASEAN Ultrasound Endoscopes Market Breakdown, by Key Country, 2025 and 2031 (%)
- 10.2.1.1 ASEAN Ultrasound Endoscopes Market – Revenue and Forecast Analysis – by Country
- 10.2.1.1 Indonesia: ASEAN Ultrasound Endoscopes Market – Revenue and Forecast to 2031 (US$ Million)
- 10.2.1.1.1 Indonesia: ASEAN Ultrasound Endoscopes Market Breakdown, by Product Type
- 10.2.1.1.2 Indonesia: ASEAN Ultrasound Endoscopes Market Breakdown, by Application
- 10.2.1.1.3 Indonesia: ASEAN Ultrasound Endoscopes Market Breakdown, by End User
- 10.2.1.2 Malaysia: ASEAN Ultrasound Endoscopes Market – Revenue and Forecast to 2031 (US$ Million)
- 10.2.1.2.1 Malaysia: ASEAN Ultrasound Endoscopes Market Breakdown, by Product Type
- 10.2.1.2.2 Malaysia: ASEAN Ultrasound Endoscopes Market Breakdown, by Application
- 10.2.1.2.3 Malaysia: ASEAN Ultrasound Endoscopes Market Breakdown, by End User
- 10.2.1.3 Philippines: ASEAN Ultrasound Endoscopes Market – Revenue and Forecast to 2031 (US$ Million)
- 10.2.1.3.1 Philippines: ASEAN Ultrasound Endoscopes Market Breakdown, by Product Type
- 10.2.1.3.2 Philippines: ASEAN Ultrasound Endoscopes Market Breakdown, by Application
- 10.2.1.3.3 Philippines: ASEAN Ultrasound Endoscopes Market Breakdown, by End User
- 10.2.1.4 Singapore: ASEAN Ultrasound Endoscopes Market – Revenue and Forecast to 2031 (US$ Million)
- 10.2.1.4.1 Singapore: ASEAN Ultrasound Endoscopes Market Breakdown, by Product Type
- 10.2.1.4.2 Singapore: ASEAN Ultrasound Endoscopes Market Breakdown, by Application
- 10.2.1.4.3 Singapore: ASEAN Ultrasound Endoscopes Market Breakdown, by End User
- 10.2.1.5 Thailand: ASEAN Ultrasound Endoscopes Market – Revenue and Forecast to 2031 (US$ Million)
- 10.2.1.5.1 Thailand: ASEAN Ultrasound Endoscopes Market Breakdown, by Product Type
- 10.2.1.5.2 Thailand: ASEAN Ultrasound Endoscopes Market Breakdown, by Application
- 10.2.1.5.3 Thailand: ASEAN Ultrasound Endoscopes Market Breakdown, by End User
- 10.2.1.6 Vietnam: ASEAN Ultrasound Endoscopes Market – Revenue and Forecast to 2031 (US$ Million)
- 10.2.1.6.1 Vietnam: ASEAN Ultrasound Endoscopes Market Breakdown, by Product Type
- 10.2.1.6.2 Vietnam: ASEAN Ultrasound Endoscopes Market Breakdown, by Application
- 10.2.1.6.3 Vietnam: ASEAN Ultrasound Endoscopes Market Breakdown, by End User
- 11. Competitive Landscape
- 11.1 Heat Map Analysis
- 11.2 Company Positioning and Concentration
- 12. Industry Landscape
- 12.1 Overview
- 12.2 Market Initiative
- 12.3 Partnerships and Collaborations
- 12.4 Other Developments
- 13. Company Profiles
- 13.1 Olympus Corporation
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
- 13.2 FUJIFILM Holding Corporation
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
- 13.3 Hoya Corporation
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
- 13.4 SonoScape Medical Corp
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
- 13.5 Beijing LepuImage Technology Co., Ltd
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
- 14. Appendix
- 14.1 About Business Market Insights
- 14.2 List of Abbreviations
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