Market Size of Germany Endoscopy Devices Industry
Study Period | 2021 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Market Size (2024) | USD 2.34 Billion |
Market Size (2029) | USD 3.33 Billion |
CAGR (2024 - 2029) | 7.28 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Germany Endoscopy Devices Market Analysis
The Germany Endoscopy Devices Market size is estimated at USD 2.34 billion in 2024, and is expected to reach USD 3.33 billion by 2029, growing at a CAGR of 7.28% during the forecast period (2024-2029).
COVID-19 affected the German endoscopy devices market significantly. Endoscopic services were adversely affected due to the outbreak of the pandemic. As per the article published in the European Journal of Medical Research in March 2022, endoscopic societies in Germany first advised a decrease in endoscopic procedures in response to COVID-19, and endoscopies that aren't urgent were delayed in particular. Moreover, as per the suggestions of the specialist societies regarding the COVID-19 pandemic, on 18th March 2020, the European Society of Gastrointestinal Endoscopy (ESGE) issued recommendations for the handling of COVID-19 patients in endoscopy units, which were adopted by the German specialist society DGVS (German Society for Gastroenterology, Digestive and Metabolic Diseases). The above factors have led to a decrease in market growth during the initial phases, but as the guidelines for endoscopy for COVID-19 have been issued, there will be significant growth of the market in the later phases of the pandemic, and the market is to reach pre-pandemic levels by mid-2023.
The growth in the German endoscopy devices market is predominantly due to the increasing patient preference for minimally invasive procedures, high incidences of chronic diseases, increased awareness related to an early screening of chronic diseases and treatment, technological advancements in endoscopy devices, acquisition between key market players, and the launch of new products. For instance, in November 2021, Fujifilm launched ColoAssist PRO, a real-time endoscope visualization system in Germany. The device is designed to assist endoscopists in performing colonoscopies such as colon polyp detection and characterization function utilizing AI technology. In addition, in April 2021, Erbe Elektromedizia acquired Germany-based Maxer endoscopy to expand its presence in the surgical endoscopy business in Germany. Therefore, such launches and acquisitions for the expansion of services of Endoscopy in Germany are expected to drive market growth due to the rise in the adoption of the products.
The increasing burden of common gastrointestinal (GI) conditions, such as diarrhea. Irritable bowel syndrome and colorectal cancer, among others, have been observed commonly in German patients. Furthermore, many times, there are chances of misdiagnosis among GI conditions. For instance, according to the study published in BMC Gastroenterology in February 2022, in Germany, the most prevalent functional condition of the gastrointestinal tract is irritable bowel syndrome (IBS) but many patients with IBS display complex gastrointestinal (GI) symptoms leading to an overlapping diagnosis of IBS and other GI diseases in many patients. Such studies will highlight the importance of endoscopy for the proper diagnosis of overlapping disease conditions, thereby increasing its adoption and driving market growth in the country.
As per the facts mentioned above, such as rising initiatives from the key market players and the importance of endoscopy in proper diagnosis, German endoscopy devices are expected to witness growth over the forecast period. However, the lack of skilled technicians may restrain the market growth.
Germany Endoscopy Devices Industry Segmentation
As per the scope of the report, endoscope devices are the minimally-invasive and can be inserted into the body to observe an internal organ or a tissue in detail. Endoscopic surgeries are performed for imaging procedures and minor surgeries. The Germany Endoscopy Devices Market is segmented by Type of Devices ( Endoscopes, Endoscopic Operative Devices, Visualization Equipment ) and Application (Gastroenterology, Pulmonology, Orthopedics, Cardiology, Gynecology, and Urology, Other Applications). The report offers the value (in USD million) for the above segments.
By Type of Devices | ||||||
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By Application | |
Gastroenterology | |
Pulmonology | |
Orthopedic Surgery | |
Cardiology | |
Gynecology and Urology | |
Other Applications |
Germany Endoscopy Devices Market Size Summary
The Germany endoscopy devices market is poised for significant growth over the forecast period, driven by a combination of factors including the increasing preference for minimally invasive procedures and the rising incidence of chronic diseases. The market experienced a temporary setback due to the COVID-19 pandemic, which led to a reduction in non-urgent endoscopic procedures. However, as guidelines were established to safely conduct endoscopies during the pandemic, the market began to recover, reaching pre-pandemic levels by mid-2023. Technological advancements, such as the launch of new products like Fujifilm's ColoAssist PRO, and strategic acquisitions, such as Erbe Elektromedizia's acquisition of Maxer endoscopy, have further fueled market expansion. The growing awareness of early screening and treatment of chronic diseases, along with the importance of endoscopy in diagnosing complex gastrointestinal conditions, is expected to drive market growth.
The orthopedic surgery segment within the endoscopy market is also anticipated to witness growth, supported by the high prevalence of orthopedic conditions among the aging German population. The advantages of endoscopic surgery, such as shorter rehabilitation periods and lower costs, make it an attractive option for treating musculoskeletal issues. The rising importance of endoscopy in orthopedic procedures, including pelvic trauma surgeries, is expected to contribute to the segment's growth. Additionally, the endoscopic camera segment is set to expand, driven by partnerships and product demonstrations by key market players like OmniVision Technologies and Diaspective Vision GmbH. The market remains moderately competitive, with global players such as Stryker Corporation, Karl Storz GmbH, and Medtronic PLC actively engaging in strategic initiatives to enhance their market presence.
Germany Endoscopy Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Technological Advancements Leading to Enhanced Applications
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1.2.2 Growing Preference for Minimally Invasive Surgeries
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1.3 Market Restraints
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1.3.1 Lack of Skilled Technicians
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1.4 Porter Five Forces
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD Million)
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2.1 By Type of Devices
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2.1.1 Endoscopes
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2.1.1.1 Flexible Endoscopes
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2.1.1.2 Rigid Endoscopes
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2.1.1.3 Capsule Endoscope
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2.1.1.4 Other Endoscopy Devices
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2.1.2 Endoscopic Operative Device
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2.1.2.1 Irrigation/Suction System
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2.1.2.2 Access Device
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2.1.2.3 Wound Protector
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2.1.2.4 Other Endoscopic Operative Devices
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2.1.3 Visualization Equipment
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2.1.3.1 Endoscopic Camera
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2.1.3.2 SD Visualization System
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2.1.3.3 HD Visualization System
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2.2 By Application
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2.2.1 Gastroenterology
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2.2.2 Pulmonology
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2.2.3 Orthopedic Surgery
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2.2.4 Cardiology
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2.2.5 Gynecology and Urology
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2.2.6 Other Applications
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Germany Endoscopy Devices Market Size FAQs
How big is the Germany Endoscopy Devices Market?
The Germany Endoscopy Devices Market size is expected to reach USD 2.34 billion in 2024 and grow at a CAGR of 7.28% to reach USD 3.33 billion by 2029.
What is the current Germany Endoscopy Devices Market size?
In 2024, the Germany Endoscopy Devices Market size is expected to reach USD 2.34 billion.