Germany Colonoscopy Devices Market Size, Share, Trends, Growth and Forecast 2025

Germany colonoscopy devices market is estimated to grow considerably, at a CAGR of 5.4%, during the forecast period. Germany is estimated to contribute significantly to the European colonoscopy devices market over the forecast period owing to the growing geriatric population. In 2019, out of 83.5 million people, around 22% of the total population in the country is above 65 years. Moreover, the high-quality healthcare service in the country is another factor for a significant share in the global market. A considerable demand for colonoscopy devices will be witnessed due to the high incidence of colorectal cancer in the country. As per WHO, around 58,000 new cases of colorectal had been recorded in the country in 2018. It is due to the increasing geriatric population, and bit low-cost treatment as compared to the UK attracting medical tourism in the country. All these factors are contributing to the growth of the market.

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The companies which are contributing to the growth of the Germany colonoscopy devices market include Boston Scientific Corp., FUJIFILM Holdings Corp., Hoya Corp., Olympus Corp., and Karl Storz GmbH & Co.

Germany has a well-developed healthcare system and favorable government policies which are driving the market in the region. The various organizations are located in the country regarding research activities. German Cancer Aid is one of the major organizations, established in 1974. It is established to promote research and improve care for cancer patients and increase cancer awareness through information, education and public campaigns. Krebsallianz GmbH is a medical relief program focused on cancer and is funding childhood cancer research in Germany.

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German Children's Cancer Foundation, established in 1995 to provide support, social fund, aftercare, cancer information, and R&D. Apart from cancer organizations, various cancer centers have been established. Some of the major cancer centers are Centre for Integrated Oncology (CIO), Charité Comprehensive Cancer Centre, Comprehensive Cancer Centre Erlangen EMN, among others. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.

Market Segmentation

Germany Colonoscopy Devices Market by Type

o Conventional Colonoscopy
o Virtual Colonoscopy

Germany Colonoscopy Devices Market by End-User

o Hospitals
o Clinics
o Others

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