Key Trends and Insights into the Endoscopic Retrograde Cholangiopancreatography (ERCP) Market: Growth Rate and Opportunities to 2034
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How has the endoscopic retrograde cholangiopancreatography (ercp) market grown over the years?
In recent times, the market size of endoscopic retrograde cholangiopancreatography (ERCP) has witnessed a considerable expansion. Forecasts predict that it will escalate from $1.72 billion in 2024 to $1.87 billion in 2025, marking a compound annual growth rate (CAGR) of 8.87%. Factors such as an increase in chronic gastrointestinal diseases, application of ERCP, occurrences of pancreatic cancer, government investments, and a surge in medical tourism have contributed to this historic period growth.
What Is the forecasted market size and growth rate for the endoscopic retrograde cholangiopancreatography (ercp) market?
Predictions suggest a robust expansion for the endoscopic retrograde cholangiopancreatography (ERCP) market in the upcoming years, with it reaching a valuation of $2.60 billion in 2029, maintaining a compound annual growth rate (CAGR) of 8.58%. The expected growth during the projection period can be associated with a heightened incidence of gastrointestinal diseases, an increased rate of cancer, a concentrated emphasis on investment inflows, rising occurrences of pancreatic duct issues, and a growing need for endoscopes. Key trends that could shape the growth in the forecast period comprise technological progress, collaborations for research and development, upgradation of healthcare infrastructure, expansion of governmental healthcare provisions, and the introduction of advanced products.
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What are the major factors driving growth in the endoscopic retrograde cholangiopancreatography (ercp) market?
The surge in gastrointestinal conditions is anticipated to stimulate the expansion of the endoscopic retrograde cholangiopancreatography (ERCP) market in the future. These conditions encompass a wide variety of disorders and diseases impacting the gastrointestinal (GI) tract, such as the mouth, esophagus, stomach, small intestine, large intestine (colon), rectum, anus, and other related organs like the liver, gallbladder, and pancreas. A myriad of factors including changes in diet, an older population demographic, use of antibiotics, lifestyle factors, and environmental impact can explain the growing prevalence of these gastrointestinal conditions. ERCP plays a significant role in treating these patients by offering a less invasive procedure to identify and address problems within the bile and pancreatic ducts, for example, gallstones, strictures, tumors, or infections. Point in case, the American Cancer Society, a non-profit organization based in the US, estimated in January 2024 that roughly 26,890 new stomach cancer cases and around 10,880 deaths are expected from this type of cancer in the United States. Hence, the escalating prevalence of gastrointestinal conditions is contributing to the upward trend in the endoscopic retrograde cholangiopancreatography (ERCP) market’s growth.
What key areas define the segmentation of the global endoscopic retrograde cholangiopancreatography (ercp) Market?
The endoscopic retrograde cholangiopancreatography (ERCP) market covered in this report is segmented –
1) By Product: Endoscopes, Endotherapy Devices, Visualization Systems, Energy Devices
2) By Disease Indication: Gastroesophageal Reflux Disease (GERD), Gastrointestinal Cancer, Barrett’s Esophagus, Bile Duct Diseases, Peptic Ulcer Disease, Crohn’s Disease, Intestinal Pseudo-Obstruction, Ogilvie Syndrome, Other Indications
3) By Application: Biliary Sphincterotomy, Biliary Dilatation, Biliary Stenting, Pancreatic Sphincterotomy, Pancreatic Duct Dilatation, Pancreatic Duct Stentin
4) By End User: Hospitals And Clinics, Ambulatory Surgery Centers, Other End Users
Subsegments:
1) By Endoscopes: Flexible Endoscopes, Semi-Rigid Endoscopes, High-Resolution Endoscopes
2) By Endotherapy Devices: Stone Extraction Devices, Balloon Dilatation Catheters, Stents, Biopsy Forceps
3) By Visualization Systems: High-Definition Visualization Systems, Endoscopic Imaging Systems, Video Endoscopes
4) By Energy Devices: Electrosurgical Devices, Laser Devices, Argon Plasma Coagulation Systems
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What are the top market players propelling the growth of the endoscopic retrograde cholangiopancreatography (ercp) industry?
Major companies operating in the endoscopic retrograde cholangiopancreatography (ERCP) market are Medtronic plc, Fujifilm Holdings Corporation, Siemens Healthineers AG, Stryker Corporation, Boston Scientific Corporation, B. Braun Melsungen AG, Olympus Corporation, Ottomed Endoscopy, W. L. Gore & Associates Inc., Streis plc, Cook Group, KARL STORZ SE & Co. KG, CONMED Corporation, PENTAX Medical Inc., AMBU Inc., Samsung Medison Co. Ltd., Medi-Globe GmbH, Telemed System Inc., Micro-Tech Endoscopy Inc., Hobbs Medical Inc., Shaili Endoscopy Pvt. Ltd.
How are evolving market trends shaping endoscopic retrograde cholangiopancreatography (ercp) Strategies?
Major companies operating in the ERCP market are focusing on developing innovative technologies, such as the cholangioscope direct visualisation system, to provide advanced, high-resolution direct visualisation of the bile and pancreatic ducts. The cholangioscope direct visualization system is a medical device that provides advanced, high-resolution imaging of the bile and pancreatic ducts during ERCP procedures. For instance, in July 2024, Penlon Limited, a UK-based medical device company, launched the VedVision Cholangioscope Direct Visualisation System, an advanced medical device designed for high-resolution, direct visualization of the bile and pancreatic ducts, enhancing diagnosis and therapeutic intervention during ERCP procedures. It features a 2 mm accessory channel and a dedicated guidewire channel for secure access, supported by a full range of accessories such as biopsy forceps, stone extraction baskets, cytology brushes, and polypectomy snares.
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What regions are dominating the endoscopic retrograde cholangiopancreatography (ercp) market growth?
North America was the largest region in the endoscopic retrograde cholangiopancreatography (ERCP) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the endoscopic retrograde cholangiopancreatography (ERCP) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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