Germany Endoscopy Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Germany Endoscopy Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Germany Endoscopy Devices Market is expected to register a CAGR of 5.8% in the forecast period (2022-2027).

COVID-19 had affected the German healthcare industry. The endoscopic services were adversely affected due to the outbreak of the pandemic. As per the article published in 2021 under the title “Impact of the COVID-19 pandemic on an interdisciplinary endoscopy unit in a German “hotspot” area: a single center experience”, patients with COVID-19 infection were given special access to a room in the endoscopy unit where they may be evaluated while under anesthesia (either with or without intubation anesthesia), with the understanding that only urgent consultations (emergency operations) would be carried out on them. 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). Hence, due to the aforementioned facts, COVID-19 has a notable impact on the German endoscopic devices market.

The increasing burden of common gastrointestinal (GI) conditions, such as diarrhea and colorectal cancer, has been observed commonly in German patients. For instance, as per the report from Globocan 2020, 57,528 people have been affected by colorectum cancer in Germany. Therefore, the landscape of GI illness is changing to morbidity and mortality from chronic illness.

Currently, 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, technological advancements, and launch of new products. For instance, in November 2021, Fujifilm launched ColoAssist PRO, a real-time endoscope visualization system, designed to assist endoscopists in performing colonoscopies.

As per the facts mentioned above, German endoscopy devices are expected to witness growth over the forecast period. However, the lack of skilled technicians may restrains the market growth.

Key Market TrendsOrthopedics 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 well. As per the Organisation for Economic Cooperation and Development (OECD) report, the median age in Germany is expected to rise from 45.7 years in 2020 to 49.2 years by 2045. Moreover, increasing product launches related to orthopedics systems is also expected to help the market growth in the region. For instance, NGMedical GmbH, a medical device manufacturer announced the launch of its new ART Fixation System in Europe. The ART Fixation System was developed to provide the surgeon with a fixation system to perform dorsal spinal stabilizations simply, quickly, and effectively. More orthopedic surgery implementations come into force, and more endoscopic procedures are carried out there causing the market growth.

As per the factors mentioned above Orthopedic surgery, the segment is likely to witness growth over the forecast period.

Competitive Landscape

The market is moderately competitive and consists of several global players. Germany is a developed country and is also surrounded by other developed European nations. Hence, as a result, it enjoys the presence of most of the global players in the endoscopy devices market. The major key players operating in the market are Stryker Corporation, Karl Storz GmbH, Medtronic PLC, B. Braun Melsungen AG, and Boston Scientific Corporation among others.

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