Market Trends of Germany Endoscopy Devices Industry
This section covers the major market trends shaping the Germany Endoscopy Devices Market according to our research experts:
Orthopedics Surgery Segment is Expected to Exhibit Fastest Growth Rate Over the Forecast Period
Orthopedic surgery is the branch of surgery concerned with conditions involving the musculoskeletal system. Orthopedic surgeons use both surgical and nonsurgical means to treat musculoskeletal trauma, spine diseases, sports injuries, degenerative diseases, infections, tumors, and congenital disorders. The advantages of endoscopic surgery in orthopedics are short rehabilitation periods, precise surgery, short hospital stays, and lower costs.
Orthopedic Surgeries are also seen to be more prevalent in the geriatric population. In Germany, the percentage of the geriatric population is high and is expected to increase in the future. As per the World Bank statistics in 2022, the population aged 65 and above in Germany in 2021 was 18,269,366. Such a huge elderly population is expected to drive the growth of the segment as the elderly population is more prone to orthopedic conditions.
Moreover, the rising importance of endoscopy in orthopedic surgery is further expected to drive segment growth. For instance, according to the study published in Trauma in January 2022, endoscopic anterior intrapelvic plate osteosynthesis was possible in the majority of the cases investigated during the study. With this, endoscopic pelvic surgery will probably be a viable alternative in the future for specific pelvic trauma cases. Therefore, the rising importance of endoscopy in pelvic trauma is expected to drive segment growth due to the increased adoption of endoscopies in orthopedic surgery.
As per the factors mentioned above Orthopedic surgery segment is likely to witness growth over the forecast period.
Endoscopic Camera in the Visualization Equipment is Expected to Show a Significant Growth Over the Forecast Period.
During surgical endoscopic operations, high-definition endoscopic camera systems are utilized to capture still and moving images in the operating room. A variety of rigid and flexible scopes attached to the camera head transport the optical image from the surgical site to the camera head. The system comprises a camera head with an integrated cable connecting to the camera control unit (CCU).
The factors driving the growth of this segment include rising initiatives for key market players, such as partnerships and exhibitions of the products in the German Market. For instance, in November 2021, OmniVision Technologies and Diaspective Vision GmbH, developer of high-quality hyperspectral and multispectral camera systems for medical applications, entered a partnership to develop a new type of endoscopic camera, the MALYNA system, which is based on proprietary multispectral imaging technology.
In addition, in November 2022, OMNIVISION announced that the OH02B imager and OCH2B camera used in the visualization endoscopy would be demonstrated in Germany on November 2022. The OH02B image sensors are used for various applications such as gastrointestinal, ENT, orthopedic, surgical, dental, and veterinarian reusable and disposable endoscopes, catheters, and guide wires.
Therefore, owing to the above-mentioned factors, the endoscopic camera segment is expected to show significant growth over the forecast period.
