Germany’s market for endoscopy devices is currently valued at USD 2.289 billion for the year 2014 and is expected to reach USD 3.087 billion by the end of 2020. During this period of the forecast, the market is expected to grow at a CAGR of 6.17%.
Currently, North America dominates the global market with nearly half of the share. Europe is the second-largest market in the world for endoscopy devices. This market is spearheaded by the UK, Germany, and France.
This escalation is developing the need to analyze, review and forecast the growth of the endoscopy device market. Owing to the rapid evolution of the market in the use of endoscopes, medical device companies that are able to launch new innovative equipment will be rewarded with huge benefits.
Germany Endoscopy Devices Market-Market Dynamics
The report details several factors driving and restraining the market. Some of these are listed below.
Some of the factors driving the market for endoscopy devices are:
Increased demand for the use of minimally invasive procedures in surgeries Technological advancements Increase in the aging population Reduced healthcare costs Improved patient quality of life Restraints
Expensive procedures, limited availability of skilled labor and stringent regulatory framework are the challenges faced by the market.
The report studies in detail the market for different endoscopy devices, which include endoscopes, visualization equipment, and endoscopic operative devices. Endoscopes currently dominate the global market.
What the Report Offers
Market analysis for Germany’s endoscopy devices market, with region-specific assessments and competition analysis on the global and regional scale. Market definition along with the identification of key drivers and restraints. Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale. Extensively researched competitive landscape section with profiles of major companies along with their market share for the next five years. Identification and analysis of the macro and micro factors that affect the market on both global and regional scale. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market. Insights on the major countries/regions where this industry is blooming and to also identify the regions that are still untapped. The various applications of endoscopy devices have been discussed in detail, in addition to a comprehensive overview of the market.