Germany Endoscopy Devices Market Size

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.