PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1303528
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1303528
Global Endoscopic Retrograde Cholangiopancreatography Market is valued at approximately USD XXX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2023-2030. Endoscopy is a medical procedure used to do certain minor surgery or to carefully examine tissues in the body or internal organs. Devices for endoscopic retrograde cholangiopancreatography (ERCP) are medical tools made for diseases relating to the pancreas and biliary system. Due to an increase in the prevalence of various bile duct, pancreatic, and liver disorders like Barrett's disease, biliary disease, Crohn's disease, colitis, gastroesophageal reflux disorder (GERD), pancreatitis, inflammatory bowel disease, liver disease, Crohn's disease, and peptic ulcer disease, these devices are becoming more and more important as well as used more frequently. The key factors such as rising incidence of cancer, rising investments, funds, and grants by governments and healthcare organizations to improve endoscopy research, and growing preference for minimally invasive surgeries are anticipated to create a lucrative demand for the market during forecast period.
Moreover, the rising prevalence of pancreatic cancer is one of the factors driving the growth of the Endoscopic Retrograde Cholangiopancreatography (ERCP) market. ERCP is a procedure used to diagnose and treat diseases of the bile and pancreatic ducts, including pancreatic cancer. According to the American Society of Clinical Oncology (ASCO), in Sept. 2021, pancreatic cancer was diagnosed in 31,950 men and 28,480 women in the United States. This disorder contributes to about 3% of all cancers. Pancreatic cancer is the tenth most common disease in males and the eighth most common cancer in women. About 1% more cases of pancreatic cancer are reported annually. As the incidence of pancreatic cancer increases, there is a growing need for diagnostic and therapeutic procedures such as ERCP. ERCP allows for the visualization and treatment of pancreatic and biliary diseases, such as pancreatic cancer, through a minimally invasive approach. Additionally, rising focus on investments by hospitals for advanced endoscopy instruments and rising adoption of single-use endoscopy instruments are anticipated to create a lucrative opportunity for the market during the forecast period. However, the high cost of Endoscopic Retrograde Cholangiopancreatography stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Endoscopic Retrograde Cholangiopancreatography Market study include: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the presence of key market players, rising prevalence of cancer, and product innovation and development in the region. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as increase in incidences of gastrointestinal and chronic biliary disorders, rising frequencies of benign tumors of the liver and pancreas, growing ageing population in the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable