The Endoscopic Retrograde Cholangiopancreatography (ERCP) Devices Market is expected to grow at a CAGR of 6.2% from 2022 to 2032, reaching $1.5 Bn in 2022 and expected to exceed this figure by 2032, with an expected increase over time as cancer rates rise across the globe.
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Endoscopic retrograde cholangiopancreatography (ERCP) devices are used to diagnose and treat pancreatobiliary system disorders by combining fluoroscopic imaging and luminal endoscopy. Endoscopic retrograde cholangiopancreatography (ERCP) devices employ a side-view duodenoscopy that is then passed through the oesophagus and stomach into the latter section of the duodenum. Endoscopic retrograde cholangiopancreatography (ERCP) devices are primarily used to collect tissue and cell samples and to treat a blocked pancreas or bile duct.
The duct blockage could be caused by noncancerous stones in the duct or by cancer. Endoscopic retrograde cholangiopancreatography (ERCP) imaging tests are used to diagnose or examine pancreatic ducts, gallbladder, liver, and pancreas. Endoscopic retrograde cholangiopancreatography (ERCP) devices are being replaced by magnetic resonance cholangiopancreatography and computed tomography machines. Endoscopic retrograde cholangiopancreatography (ERCP) devices are used for a variety of procedures including sphincterotomy, stone removal, stent placement, dilation, and fluid drainage.
Endoscopic Retrograde Cholangiopancreatography (ECRP) Devices Market: Drivers and Restraints-
Endoscopic retrograde cholangiopancreatography (ECRP) devices have grown in popularity for cancer treatment over the years. The rising incidence of benign liver and pancreatic tumours is expected to create appealing market opportunities for endoscopic retrograde cholangiopancreatography (ECRP) devices across regions during the forecast period.
Several ongoing studies for safer use and improved efficiency of these endoscopic retrograde cholangiopancreatography (ECRP) devices, as well as rising government support for R&D, may also drive endoscopic retrograde cholangiopancreatography (ECRP) device market growth over the forecast period. Endoscopic retrograde cholangiopancreatography (ECRP) device awareness, as well as increased availability, are expected to drive market growth for ECRP devices.
High endoscopic retrograde cholangiopancreatography (ECRP) device costs, as well as side effects such as post-ERCP pancreatitis, infection, haemorrhage, and allergic reactions associated with cholangiopancreatography procedures, are expected to stymie market growth for ECRP devices during the forecast period.
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Endoscopic Retrograde Cholangiopancreatography (ECRP) Devices Market: Overview
Endoscopic retrograde cholangiopancreatography (ECRP) devices use advanced techniques, which increases the risk of serious complications compared to other endoscopic procedures. As a result, specialised equipment and training are required, and the procedure is only used for specific applications. Each year, approximately 500,000 procedures are performed in the United States, according to a review by Freeman et al. Endoscopic retrograde cholangiopancreatography (ECRP) devices are commonly used in hospital settings for patients with pancreatic or gallstone disease.
Endoscopic Retrograde Cholangiopancreatography (ECRP) Devices Market: Region-wise Outlook
Endoscopic retrograde cholangiopancreatography (ECRP) device sales in North America are expected to increase significantly as a result of increased diagnostic imaging-related research and improved research and development for advanced and safe ECRP devices. Improved healthcare infrastructure and expenditure are expected to drive the Europe market for endoscopic retrograde cholangiopancreatography (ECRP) devices during the forecast period.
The Asia-Pacific market for endoscopic retrograde cholangiopancreatography (ECRP) devices is expected to be fueled by rising cholangiopancreatography procedure awareness in China, India, and Japan. During the forecast period, demand for endoscopic retrograde cholangiopancreatography (ECRP) devices is expected to be driven by the constant increase in the number of ECRP device manufacturers.
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Endoscopic Retrograde Cholangiopancreatography (ECRP) Devices Market: Key Market Participants
Olympus Corporation, Boston Scientific Corporation, CONMED Corporation, Cook Medical, Inc., Hobbs Medical, Merit Medical Systems, and TeleMed Systems, Inc. are a few market participants identified across the value chain in the global endoscopic retrograde cholangiopancreatography (ECRP) devices market.
The research report on endoscopic retrograde cholangiopancreatography (ECRP) devices provides a comprehensive assessment of the market and includes thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also includes projections that are based on a suitable set of assumptions and methodologies. The report on endoscopic retrograde cholangiopancreatography (ECRP) devices analyses and provides data based on market segments such as geography, application, and industry.
The report is a compilation of first-hand information, qualitative and quantitative analysis by industry analysts, and input from industry experts and value chain participants. The report examines parent market trends, macroeconomic indicators, and governing factors, as well as market attractiveness by segment. The qualitative impact of various market factors on market segments and geographies is also depicted in the report.
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