Endoscopic Retrograde Cholangiopancreatography Devices Market Industry Size, Growth, Demand, Opportunities and Forecast By 2028
To generate the world-class Endoscopic Retrograde Cholangiopancreatography Devices report, the combination of best industry insight, practical solutions, talent solutions and latest technology have been used. The study encompasses a market attractiveness analysis, wherein each segment is benchmarked based on its market size, growth rate, and general attractiveness. The company profiles of all the top market players and brands with moves like product launches, joint ventures, mergers and acquisitions which in turn is affecting the sales, import, export, revenue and CAGR values are revealed in this Endoscopic Retrograde Cholangiopancreatography Devices market report. The market analysis examines various segments that are relied upon to witness the quickest growth amid the approximate forecast frame.
Global endoscopic retrograde cholangiopancreatography devices market is expected to grow in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.9% in the forecast period of 2021 to 2028 and is expected to reach USD 2,971.05 million by 2028 from USD 1,951.18 million in 2020. The high prevalence of pancreatic and biliary diseases is likely to be the major driver which propels the demand of the market in the forecast period
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The high prevalence of chronic diseases such as Crohn’s disease, Barrette’s disease, high prevalence of pancreatic tumor across the globe, along with government initiatives to create awareness among patients for better and advanced treatments are acting as driver for the growth of the market. However, the stringent government regulation set by regulatory bodies in different regions for the launch of new devices is acting as restrain for the growth of the market. The increasing disposable income especially in developing countries is acting as opportunity for the market as people are getting more aware towards advanced technology. The high cost of procedure may act as challenge for the growth of the market.
Global Endoscopic Retrograde Cholangiopancreatography Devices Market Scope and Market Size
The global endoscopic retrograde cholangiopancreatography devices market is categorized into seven notable segments which are based on product type, modality, procedure, application, end user, facility type, and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
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On the basis of product type, the global endoscopic retrograde cholangiopancreatography devices market is segmented into endotherapy devices, endoscopes, imaging devices, and others. In 2021, endotherapy devices segment is expected to dominate the market due to the availability of various types of equipment, and big players are manufacturing this equipment in the market.
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On the basis of modality, the global endoscopic retrograde cholangiopancreatography devices market is segmented into single-use, standalone, and handheld. In 2021, the single-use segment is expected to dominate the market because there is no risk of disease transmission from one patient to another while using single-use devices.
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On the basis of procedure, the global endoscopic retrograde cholangiopancreatography devices market is segmented into biliary sphincterotomy, biliary stenting, biliary dilation, pancreatic duct stenting, and pancreatic sphincterotomy. In 2021, the biliary sphincterotomy segment is expected to dominate the market because of the high prevalence of pancreatic tumors globally.
The major companies providing the Europe endoscopic retrograde cholangiopancreatography devices are Olympus Corporation, Boston Scientific Corporation, Medtronic, BD, Ambu Inc., CONMED Corporation, HOBBS MEDICAL, INC., FUJIFILM Corporation, TeleMed Systems, Inc., Merit Medical Systems, Cook, KARL STORZ SE & Co. KG, Johnson & Johnson Services, Inc., HOYA Corporation, Medi-Globe GmbH, STERIS, Shaili Endoscopy, Hospiline Equipments among others.
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