The global Endoscopic Retrograde Cholangiopancreatography (ERCP) Devices Market Size is expected to reach US$ 1.5 billion in 2022 and US$ 2.8 billion by 2032, owing to an increase in cancer incidence worldwide. According to FMI, the endoscopic retrograde cholangiopancreatography (ERCP) equipment market is expected to develop at a CAGR of 6.2% from 2022 to 2032.
Endoscopic Retrograde Cholangiopancreatography (ERCP) devices use fluoroscopic imaging in conjunction with luminal endoscopy to diagnose and treat pancreatobiliary system problems. Endoscopic Retrograde Cholangiopancreatography (ERCP) devices do a side-view duodenoscopy before passing through the oesophagus and stomach into the duodenum’s latter segment. Endoscopic Retrograde Cholangiopancreatography (ERCP) devices capture tissue and cell samples and treat a blocked pancreas or bile duct.
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Noncancerous stones or malignancy could both induce duct blockage. Endoscopic retrograde cholangiopancreatography (ERCP) is a type of imaging examination used to diagnose or study the pancreatic ducts, gallbladder, liver, and pancreas. Endoscopic retrograde cholangiopancreatography (ERCP) is being phased out in favour of magnetic resonance cholangiopancreatography and computed tomography devices. Sphincterotomy, stone removal, stent implantation, dilatation, and fluid drainage are all operations that involve ERCP devices.
Endoscopic Retrograde Cholangiopancreatography (ERCP) Devices Market: Drivers and Restraints-
Endoscopic Retrograde Cholangiopancreatography (ERCP) Devices have risen in popularity for cancer treatment throughout the years. The rising prevalence of benign liver and pancreatic tumours is likely to provide appealing market possibilities for Endoscopic Retrograde Cholangiopancreatography (ERCP) Devices across geographies throughout the forecast period.
Several ongoing studies to improve the safety and efficiency of these Endoscopic Retrograde Cholangiopancreatography (ERCP) Devices, as well as rising government support for R&D, may also drive growth in the endoscopic retrograde cholangiopancreatography (ECRP) device market over the forecast period. Endoscopic retrograde cholangiopancreatography (ECRP) device awareness, as well as increasing availability, are projected to fuel market growth for ECRP devices.
High endoscopic retrograde cholangiopancreatography device costs, as well as cholangiopancreatography procedure side effects such as post-ERCP pancreatitis, infection, haemorrhage, and allergic reactions, are expected to stymie ECRP device market growth during the forecast period.
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Endoscopic Retrograde Cholangiopancreatography (ERCP) Devices Market: Overview
Endoscopic Retrograde Cholangiopancreatography (ERCP) Devices use advanced techniques, which raises the risk of major consequences as compared to other endoscopic procedures. As a result, specialised equipment and training are necessary, and the operation is only utilised in very specific situations. Each year, roughly 500,000 procedures are conducted in the United States, according to a review by Freeman et al. Endoscopic Retrograde Cholangiopancreatography (ERCP) Devices are routinely utilised in hospitals for pancreatic or gallstone disease patients.
Endoscopic Retrograde Cholangiopancreatography (ERCP) Devices Market: Region-wise Outlook
Endoscopic retrograde cholangiopancreatography (ECRP) device sales in North America are expected to skyrocket due to increased diagnostic imaging-related research and improved R&D for advanced and safe ECRP devices. During the forecast period, improved healthcare infrastructure and expenditure are expected to drive the Europe market for Endoscopic Retrograde Cholangiopancreatography (ERCP) Devices.
The Asia-Pacific market for Endoscopic Retrograde Cholangiopancreatography (ERCP) Devices is expected to grow as cholangiopancreatography procedure awareness grows in China, India, and Japan. The constant increase in the number of ECRP device manufacturers is expected to drive demand for Endoscopic Retrograde Cholangiopancreatography (ERCP) Devices during the forecast period.
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Endoscopic Retrograde Cholangiopancreatography (ERCP) 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 (ERCP) Devices market.
The market research report on Endoscopic Retrograde Cholangiopancreatography (ERCP) Devices includes thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also includes projections based on an appropriate set of assumptions and methodologies. Endoscopic Retrograde Cholangiopancreatography (ERCP) Devices are examined and data is provided based on market segments such as geography, application, and industry.
The report is based on firsthand information, qualitative and quantitative analysis by industry analysts, and feedback from industry experts and value chain participants. The report investigates parent market trends, macroeconomic indicators, governing factors, and market attractiveness by segment. The report also depicts the qualitative impact of various market factors on market segments and geographies.
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