The European colonoscopy devices market is estimated to grow modestly, at a CAGR of 5.2%, during the forecast period. Europe contributes a significant share in the colonoscopy devices market. The major factor contributing to the regional growth of the market include a growing burden of colorectal cancer and increasing cancer prevention initiatives. According to the WHO, in Europe, colorectal cancer is considered the second-most common cause of cancer mortality in men and women. It is the second-most common form of cancer in women, after breast cancer, and the third-most common in men, after lung and prostate cancers. There are several screening options available for the early detection of colorectal cancer including flexible sigmoidoscopy, colonoscopy, and computed tomographic colonography. The European Federation of Crohn's & Ulcerative Colitis Associations is one of the organizations in the region which engages in the monitoring of bowel diseases in the region and conducting clinical studies so as to develop efficient treatment alternative for bowel diseases. Unhealthy lifestyles such as smoking, consumption of drugs and alcohol in European countries are the major factors for increasing cancer incidences among men and women which is a major factor augmenting the demand for cancer diagnosis in the region.

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The companies which are contributing to the growth of the European 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. For instance, in October 2017, Olympus announced the expansion of its EndoTherapy product line, building on the company’s commitment to innovation and advancement in the field of endoscopy and its history as a pioneer in Endoscopic Submucosal Dissection (ESD).

Research Methodology

The market study of the European 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. European Colonoscopy Devices Market Research and Analysis by Type

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

The Report Covers

• Comprehensive research methodology of the European 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 European colonoscopy devices market.
• Insights about market determinants which are stimulating the European colonoscopy devices market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.