Dublin, Jan. 09, 2024 (GLOBE NEWSWIRE) -- The "Endoscopic Retrograde Cholangiopancreatography Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global endoscopic retrograde cholangiopancreatography market size reached US$ 1.5 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 2.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.7% during 2023-2028.
The demand for endotherapy devices is increasing across the globe to investigate dysphagia, diarrhea, weight loss, heartburn, and stool blood.
Endoscopic Retrograde Cholangiopancreatography Market Trends:
The growing global population and the rising prevalence of various chronic gastrointestinal (GI) and incessant biliary medical disorders, including Barrett's disease, biliary, liver, Crohn's, inflammatory bowel, and peptic ulcer disease, and gastroesophageal reflux disorder (GERD), represent one of the key factors positively influencing the market.
In addition, the increasing occurrence of benign pancreas and liver tumors, especially among the geriatric population, along with the growing occurrence of cancer across the globe, is driving the market. In line with this, the expansion of hospitals and diagnostic centers is increasing the need for imaging techniques propelling the market growth.
Furthermore, rising investments by governments and healthcare organizations of various countries in advanced endoscopy devices and improve endoscopy research is strengthening the market growth. Apart from this, the shifting consumer preference toward minimally invasive surgeries for a speedy recovery and minimal pain and rising awareness about ERCP devices like sphincterotomes are offering a favorable market outlook.
Moreover, continuous improvements in healthcare infrastructure and a considerable rise in medical tourism are expected to propel market growth.
Key Questions Answered in This Report
- How big is the global endoscopic retrograde cholangiopancreatography market?
- What is the expected growth rate of the global endoscopic retrograde cholangiopancreatography market during 2023-2028?
- What are the key factors driving the global endoscopic retrograde cholangiopancreatography market?
- What has been the impact of COVID-19 on the global endoscopic retrograde cholangiopancreatography market?
- What is the breakup of the global endoscopic retrograde cholangiopancreatography market based on the product?
- What is the breakup of the global endoscopic retrograde cholangiopancreatography market based on the procedure?
- What is the breakup of the global endoscopic retrograde cholangiopancreatography market based on the end user?
- What are the key regions in the global endoscopic retrograde cholangiopancreatography market?
- Who are the key players/companies in the global endoscopic retrograde cholangiopancreatography market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 144 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $1.5 Billion |
| Forecasted Market Value (USD) by 2028 | $2.2 Billion |
| Compound Annual Growth Rate | 6.6% |
| Regions Covered | Global |
Competitive Landscape
- Boston Scientific Corporation
- CONMED Corporation
- Cook Group Incorporated
- Fujifilm Holdings Corporation
- Hobbs Medical Inc.
- Johnson & Johnson
- Medi-Globe GmbH
- Medtronic plc
- Olympus Corporation
- Shaili Endoscopy
- Steris Corporation
- Telemed Systems Inc.
Key Market Segmentation
Breakup by Product:
- Endoscope
- Endotherapy Devices
- Sphincterotomes
- Lithotripter
- Stents
- Others
- Visualization Systems
- Energy Devices
- Others
Breakup by Procedure:
- Biliary Sphincterotomy
- Biliary Stenting
- Biliary Dialtation
- Pancreatic Sphincterotomy
- Pancreatic Duct Stenting
- Pancreatic Duct Dilatation
Breakup by End User:
- Hospitals and Clinics
- Ambulatory Surgery Centers
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
For more information about this report visit https://www.researchandmarkets.com/r/ryjv0v
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