European Colonoscopy Devices Market Growth, Opportunity, Size, Share and Forecast 2019-2025

European colonoscopy devices market is estimated to grow modestly, at a CAGR of 5.2%, during the forecast period. Europe contributes a significant share in the colonoscopy devices market. The major factor contributing to the regional growth of the market includes a growing burden of colorectal cancer and increasing cancer prevention initiatives.

According to the WHO, in Europe, colorectal cancer is considered the second-most common cause of cancer mortality in men and women. It is the second-most common form of cancer in women, after breast cancer, and the third-most common in men, after lung and prostate cancers.

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There are several screening options available for the early detection of colorectal cancer including flexible sigmoidoscopy, colonoscopy, and computed tomographic colonography. The European Federation of Crohn's & Ulcerative Colitis Associations is one of the organizations in the region which engages in the monitoring of bowel diseases in the region and conducting clinical studies so as to develop efficient treatment alternative for bowel diseases. Unhealthy lifestyles such as smoking, consumption of drugs and alcohol in European countries are the major factors for increasing cancer incidences among men and women which is a major factor augmenting the demand for cancer diagnosis in the region.

The companies which are contributing to the growth of the European colonoscopy devices market include Boston Scientific Corp., FUJIFILM Holdings Corp., Hoya Corp., Olympus Corp., and Karl Storz GmbH & Co. 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. For instance, in October 2017, Olympus announced the expansion of its EndoTherapy product line, building on the company's commitment to innovation and advancement in the field of endoscopy and its history as a pioneer in Endoscopic Submucosal Dissection (ESD).

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European Colonoscopy Devices Market Segmentation

By Type
o Conventional Colonoscopy
o Virtual Colonoscopy

By End-User
o Hospitals
o Clinics
o Others

Company Profiles
o Ambu A/S
o B. Braun Melsungen AG
o Boston Scientific Corp.
o FUJIFILM Holdings Corp.
o Guangzhou MeCan Medical Devices Co., Ltd.
o Hoya Corp.
o Karl Storz GmbH & Co.
o Medtronic PLC
o Olympus Corp.
o Sonoscape Medical Corp.

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