The ASEAN ultrasound endoscopes market size is expected to reach US$ 54.3 million by 2031 from US$ 36.5 million in 2024. The market is estimated to record a CAGR of 5.9% from 2025 to 2031.
Executive Summary and ASEAN Ultrasound Endoscopes Market Analysis:
The ASEAN ultrasound endoscopes market is showing steady growth, supported by rising healthcare investments and regional collaboration. Countries across Southeast Asia are working to improve diagnostic capabilities, especially in urban hospitals and specialty clinics. The market is benefiting from increased awareness around early detection of gastrointestinal and pancreatic diseases. Governments are additionally advocating for improved screening programs, which as a result, is increasing the adoption of ultrasound endoscopes. While affordability and access vary across member states, the overall momentum is positive. There are more regional medical conferences and cross-border training activities that facilitate the standardization of practices. In line with the increased demand for less invasive diagnostics, ultrasound endoscopy is gaining ground as a clinical tool in different ASEAN healthcare facilities.
By application, the ultrasound endoscope market is segmented into gastrointestinal endoscopy, bronchoscopy, and others. The gastrointestinal endoscopy segment dominated the market in 2024.
By end user, the market is segmented into hospitals, specialty clinics, ambulatory surgical centers, and diagnostic centers. The hospitals segment held the largest share of the market in 2024.
ASEAN Ultrasound Endoscopes Market Outlook
The main factor behind the growth of ultrasound endoscope market in the ASEAN region is the rising middle class in the region and their increasing expectations of quality healthcare. Patients have become more aware and increasingly seek advanced diagnostic options more than ever, especially in private hospitals. This shift in patient behavior is encouraging providers to invest in advanced equipment. Ultrasound endoscopy is the most suitable and preferred technology for diagnosis of GI diseases. Besides that, local reforms in the health sector is also supporting medical devices procurements, which means that hospitals are facilitated in accessing the latest diagnostic devices. The rise of medical tourism in countries like Thailand and Malaysia is also pushing facilities to upgrade their diagnostic offerings to meet international standards.
ASEAN Ultrasound Endoscopes Market Country Insights
Based on country, the ASEAN ultrasound endoscopes market is segmented into Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. Singapore held the largest share in 2024.
Singapore is the leader of the ASEAN region in the adoption of the ultrasound endoscope technology. This is due to its highly developed healthcare system and strong focus on clinical excellence. Among the hospitals in Singapore that have made endoscopic ultrasound as part of a regular diagnostic procedure are Singapore General and Tan Tock Seng, where this technique is widely used in gastroenterology and oncology care. The country’s emphasis on precision medicine and early detection has elevated endoscopic ultrasound as the most instrumental tool. Research done locally is also one of the reasons behind innovation and the exploration of new uses and perfecting techniques. Singapore's regulatory system and procurement processes ensure the smooth flow in the adoption of new technology. Its leadership in healthcare innovation sets a benchmark for neighboring countries and reinforces its role as a regional hub for advanced diagnostics
ASEAN Ultrasound Endoscopes Market Research Methodology:
The following methodology has been followed for the collection and analysis of data presented in this report:
Secondary Research
The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:
Company websites, annual reports, financial statements, broker analyses, and investor presentations
Industry trade journals and other relevant publications
Government documents, statistical databases, and market reports
News articles, press releases, and webcasts specific to companies operating in the market
Note: All financial data included in the Company Profiles section has been standardized to US$. For companies reporting in other currencies, figures have been converted to US$ using the relevant exchange rates for the corresponding year.
Primary Research
Business Market Insights conducts a significant number of primary interviews each year with industry stakeholders and experts to validate and analyze the data and gain valuable insights. These research interviews are designed to:
Refine findings from secondary research
Enhance the expertise and market understanding of the analysis team
Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects
Primary research is conducted via email interactions and telephone interviews with industry experts across various markets, categories, segments, and sub-segments in different regions. Participants typically include:
Industry stakeholders: Vice Presidents, business development managers, market intelligence managers, and national sales managers
External experts: Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise
The List of Companies - ASEAN Ultrasound Endoscopes Market
Olympus Corporation
FUJIFILM Holding Corporation
Hoya Corporation
SonoScape Medical Corp
Beijing LepuImage Technology Co., Ltd
Frequently Asked Questions
How big is the ASEAN Ultrasound Endoscopes Market?
The ASEAN Ultrasound Endoscopes Market is valued at US$ 36.5 Million in 2024, it is projected to reach US$ 54.3 Million by 2031.
What is the CAGR for ASEAN Ultrasound Endoscopes Market by (2025 - 2031)?
As per our report ASEAN Ultrasound Endoscopes Market, the market size is valued at US$ 36.5 Million in 2024, projecting it to reach US$ 54.3 Million by 2031. This translates to a CAGR of approximately 5.9% during the forecast period.
What segments are covered in this report?
The ASEAN Ultrasound Endoscopes Market report typically cover these key segments-
End User (Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Diagnostic Centers)
What is the historic period, base year, and forecast period taken for ASEAN Ultrasound Endoscopes Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the ASEAN Ultrasound Endoscopes Market report:
Historic Period : 2021-2023
Base Year : 2024
Forecast Period : 2025-2031
Who are the major players in ASEAN Ultrasound Endoscopes Market?
The ASEAN Ultrasound Endoscopes Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Olympus Corporation
FUJIFILM Holding Corporation
Hoya Corporation
SonoScape Medical Corp
Beijing LepuImage Technology Co., Ltd
Who should buy this report?
The ASEAN Ultrasound Endoscopes Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the ASEAN Ultrasound Endoscopes Market value chain can benefit from the information contained in a comprehensive market report.
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