Market Challenges and Opportunities for Endoscopic Mucosal...

Market Challenges and Opportunities for Endoscopic Mucosal Resection

Posted 2024-04-18 19:50:49

From 2024 to 2034, Endoscopic Mucosal Resection device sales are expected to grow at a compound annual growth rate (CAGR) of 7.3%. The market for endoscopic mucosal resection devices is anticipated to expand by US$2,398.4 million by 2024. It is anticipated that the market for endoscopic mucosal resection instruments would grow to US$4,857.4 million by 2034.

The industry for endoscopic mucosal resection devices is seeing a surge in minimally invasive surgery.

The market for endoscopic mucosal resection devices is expected to grow due to the growing preference for minimally invasive surgery. Since endoscopic technology has advanced, surgeons are increasingly more inclined toward minimally invasive surgery than open surgery. Surgeons advocate for the transition from open to minimally invasive surgery.

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The growth in risks linked to open surgery is accelerating demand for minimally invasive surgical procedures. Anesthesia prior to opening procedures causes drowsiness, nausea, and sore throat. The aforementioned elements will contribute to the industry's growth in the endoscopic mucosal resection device sector throughout the forecast period.

Proficiency Shortfall Hinders Global Endoscopic Resection Market Growth

To minimize dangers and consequences, endoscopic mucosal resection demands to be performed by highly qualified specialists. Complications can arise if endoscopic mucosal resection equipment is mishandled during the examination. To improve procedural outcomes, endoscopic device utilization requires training for hospital and other healthcare facilities staff members.

The healthcare sector has a shortage of qualified professionals and medical personnel. In emerging economies, there are not many endoscopists. The adoption is discouraged due to a lack of experienced endoscopy technicians and specialists, which can impede the growth of the endoscopic mucosal resection device market.

Regional Outlook

Growing healthcare infrastructure development, especially in developing economies like China, Japan, and South Korea, contributes to the adoption of cutting-edge medical procedures and supports the Asia Pacific endoscopic mucosal resection market.
The endoscopic mucosal resection device market continues to expand in Europe because of well-established healthcare systems and a high frequency of colorectal illnesses.
Patients seeking less intrusive options for diagnosis and treatment are forcing the demand for endoscopic mucosal resection in North America due to the region's high incidence of gastrointestinal illnesses and aging population.

“Rising demand for less invasive procedures, improvements in endoscopic technologies, and an increase in the prevalence of gastrointestinal disorders contribute to the market expansion for endoscopic mucosal resection devices. Increased implementation in various healthcare settings is expected to stimulate market growth for endoscopic mucosal resection devices.” says an analyst

Key Takeaways

The lift and cut technique segment in the technology category to grab a share of 52.9% by 2034.
In the indication category, the colon cancer segment to acquire a market share of 43.6% between 2024 and 2034.
The hospitals segment in the end user category to grab a share of 57.4% by 2034.
The United States endoscopic mucosal resection device industry is anticipated to surge at a CAGR of 7.9% by 2034.
Canada endoscopic mucosal resection device market is to develop at a CAGR of 7.5% through 2034.
Mexico endoscopic mucosal resection device sales are expected to surge at a CAGR of 7.2% until 2034.
South Korea endoscopic mucosal resection device industry is anticipated to boost at a CAGR of 8.2% by 2034.
Japan endoscopic mucosal resection device market to exhibit a CAGR of 7.6% by 2034.
The suck and cut technique segment in the technology category is to surge at a CAGR of 7.4% by 2024.
In the indication category, the colon cancer segment to develop at a CAGR of 7.7% from 2024 to 2034.
The others segment in the end user category is to exhibit a CAGR of 7.9% by 2034.
China endoscopic mucosal resection device sales are expected to surge at a CAGR of 8.4% until 2034.
North America endoscopic mucosal resection device market is anticipated to boost at a CAGR of 7.8% by 2034.
East Asia endoscopic mucosal resection device industry to exhibit a CAGR of 8.1% by 2034.

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Competitive Landscape

To increase their market share, endoscopic mucosal resection device vendors employ various tactics, including collaborations, mergers and acquisitions, geographic growth, and the introduction of new products and services.

CONMED manufactures various medical devices, such as equipment for minimally invasive treatments and endoscopic tools.

Medtronic is a global manufacturer of medical devices that offers a wide range of products, such as gastrointestinal and endoscopic solutions.

Country-wise Analysis

What Factors Surge the Market Growth of Endoscopic Mucosal Resection in North America?

"Rapid Expansion in North America Fueled by Rising Incidence of Gastrointestinal Diseases"

The growth of the endoscopic mucosal resection market in the United States can be attributed to advancements in endoscopic technologies and an increased awareness of minimally invasive procedures. The rising demand for endoscopic resection procedures is driven by the widespread adoption of endoscopic techniques for the detection and treatment of gastrointestinal lesions across healthcare facilities nationwide. Projections indicate that by the year 2024, the United States endoscopic submucosal dissection market is poised to capture a significant market share of 78.9%.

Similarly, in Canada, the market for endoscopic mucosal resection devices is experiencing steady expansion, fueled by the aging population and an uptick in gastrointestinal disorders. The growth in the Canadian endoscopic mucosal resection device market is influenced by technological advancements in endoscopic tools and equipment, coupled with an increase in the number of skilled healthcare professionals. It is anticipated that by 2024, Canada will command a substantial market share of 12.4%.

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Segmentation of Endoscopic Mucosal Resection Market Research:

By Technology:
- Lift and Cut Technique
- Suck and Cut Technique
By Indication:
- Esophageal Cancer
- Stomach Cancer
- Colon Cancer
- Duodenal Cancer
By End User:
- Hospitals
- Ambulatory Surgical Centers
- Others
By Region:
- North America
- Latin America
- East Asia
- South Asia and Pacific
- Western Europe
- Eastern Europe
- The Middle East and Africa