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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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. 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 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. 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. 

Research Methodology

The market study of the Germany colonoscopy devices market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, various services offered by the players, and market opportunity. The report will serve as a source for 360-degree analysis of the market delivering insights for making better business decisions.

Market Segmentation

1. Germany Colonoscopy Devices Market Research and Analysis by Type

2. Germany Colonoscopy Devices Market Research and Analysis by End-User

The Report Covers

• Comprehensive research methodology of the Germany colonoscopy devices market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Germany colonoscopy devices market.
• Insights about market determinants which are stimulating the Germany colonoscopy devices market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.