Germany Gastrointestinal Endoscopic Devices Market Size & Outlook
Germany gastrointestinal endoscopic devices market, 2015-2027 (US$M)
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Germany gastrointestinal endoscopic devices market highlights
- The Germany gastrointestinal endoscopic devices market generated a revenue of USD 1,454.8 million in 2020 and is expected to reach USD 1,977.2 million by 2027.
- The Germany market is expected to grow at a CAGR of 4.5% from 2021 to 2027.
- In terms of segment, endoscopy visualization systems market was the largest revenue generating product in 2020.
- Endoscopes Market is the most lucrative product segment registering the fastest growth during the forecast period.
Gastrointestinal endoscopic devices market data book summary
| Market revenue in 2020 | USD 1,454.8 million |
| Market revenue in 2027 | USD 1,977.2 million |
| Growth rate | 4.5% (CAGR from 2020 to 2027) |
| Largest segment | Endoscopy visualization systems market |
| Fastest growing segment | Endoscopes Market |
| Historical data | 2015 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Endoscopes Market, Endoscopy Visualization Systems Market, Endoscopy Visualization Components Market, Operative Devices Market |
| Key market players worldwide | Stryker Corp, Boston Scientific Corp, Johnson & Johnson, FUJIFILM Holdings Corp, Conmed Corp |
Other key industry trends
- In terms of revenue, Germany accounted for 7.5% of the global gastrointestinal endoscopic devices market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Europe, Germany gastrointestinal endoscopic devices market is projected to lead the regional market in terms of revenue in 2027.
- UK is the fastest growing regional market in Europe and is projected to reach USD 943.4 million by 2027.
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Gastrointestinal Endoscopic Devices Market Scope
Gastrointestinal Endoscopic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany gastrointestinal endoscopic devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to gastrointestinal endoscopic devices market will help companies and investors design strategic landscapes.
Endoscopy visualization systems market was the largest segment with a revenue share of 41.17% in 2020. Horizon Databook has segmented the Germany gastrointestinal endoscopic devices market based on endoscopes market, endoscopy visualization systems market, endoscopy visualization components market, operative devices market covering the revenue growth of each sub-segment from 2015 to 2027.
Germany gastrointestinal endoscopy devices market is majorly driven by increase in the demand for biopsies for cancer diagnosis, presence of key market players, and high adoption of advanced technologies. Nearly, 500,000 people are diagnosed with cancer every year in Germany.
Favorable initiatives, such as establishment of national screening program, which includes cancer screening, are expected to positively affect the market growth. Moreover, various initiatives undertaken by private players to provide training for using advanced endoscopy systems to healthcare professionals are among the factors expected to positively impact the market growth.
Training services provided by Karl Storz is an example of such initiative. In addition, growth in geriatric population and increase in chronic disease burden are anticipated to boost the market growth. Moreover, it is estimated that by 2050, nearly one-third of total population will be 65 years or older.
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Our clientele includes a mix of gastrointestinal endoscopic devices market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Germany gastrointestinal endoscopic devices market, including forecasts for subscribers. This country databook contains high-level insights into Germany gastrointestinal endoscopic devices market from 2015 to 2027, including revenue numbers, major trends, and company profiles.
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Germany gastrointestinal endoscopic devices market size, by product, 2015-2027 (US$M)
Germany Gastrointestinal Endoscopic Devices Market Share, 2020 & 2027 (US$M)
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