Endoscopic Mucosal Resection Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025– Increasing Prevalence of Cancer Due to Poor Lifestyle is the Key Driving Factors for Increasing the Growth of Endoscopic Mucosal Resection Market
Endoscopic Mucosal Resection Market is valued at USD 1,557.8 Million in 2018 and expected to reach USD 2,594.6 Million by 2025 with the CAGR of 7.6% over the forecast period.
Endoscopic mucosal resection is a technique that is used to eliminate pre-cancerous growths from the digestive tract lining and early-stage cancer tumors. The process mainly is done with the help of two techniques which are lift-and-cut and suck-and-cut technique. The lift-and-cut method is an injection assisted endoscopic mucosal resection. Injection assisted endoscopic mucosal resection technique which injects sub mucosal an aqueous solution in the lesion which creates act as the safety cushion around the lesion. The injection volume is based on the type and size of the lesion. This safety cushion lifts the lesion from the muscle layers of the bowel wall. To completely remove the lesion frequent injection is given to a patient. The other technique is the suck-and-cut procedure which is of two types such as cap-assisted & ligation-assisted suck-and-cut procedure. The cap-based procedure is a device which snares the legion resect it by passing electric current and then suck it outside. The ligation-based procedure uses resect the targeted legion with the help of a band ligation device. The suck-and-cut technique is expected to show high growth in the forecast years. Growing awareness regarding the benefits of the techniques and rising technological improvement for endoscopic mucosal resection techniques is expected to boost market growth. However, lack of advanced facilities, poor healthcare infrastructure, and unskilled professionals coupled with the high-cost procedure may limit the growth of endoscopic mucosal resection market, especially in developing regions.
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From the past few years, it has been observed that the endoscopic mucosal resection procedures have been at a rise, worldwide. Now, people are adopting the endoscopic mucosal resection procedure due to its increasing success rate. It has been observed that from the past few years, endoscopic mucosal resection procedures has been at a rise, worldwide. Now, people are adopting the endoscopic mucosal resection procedure due to its increasing success rate. However, lack of advanced facilities, poor healthcare infrastructure, and unskilled professionals coupled with the high-cost procedure may limit the growth of endoscopic mucosal resection market, especially in developing regions. Additionally, the initial system installation and setup cost coupled with additional repair and service costs for the equipment along includes high investments. Limited economic support, especially in the emerging regions, may restraint market growth. Also, poor reimbursement scenario and stringent regulations may affect the growth of the market revenue during the forecast period.
Endoscopic mucosal resection market report is segmented on the basis of product type, application, end-user, and region & country level. Based upon product type, endoscopic mucosal resection market is classified into lift-and-cut technique, and suck-and-cut technique. On the basis of application, endoscopic mucosal resection market is classified into colon cancer, duodenal cancer, esophageal cancer, and stomach cancer. On the basis of end-user, the market is classified into hospitals, ambulatory surgical centers, specialty clinics, and others.
The regions covered in this Endoscopic Mucosal Resection market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Endoscopic Mucosal Resection is subdivided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Key Players for Endoscopic Mucosal Resection Market Report-
The major players operating in the Endoscopic Mucosal Resection market are Boston Scientific Corporation, Cook Group, Olympus Corporation, Vivendi SA, Fujifilm Holdings Corporation, CONMED, Steris PLC, and Others.
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Role of Interventional Inflammatory Bowel Disease in the Era of Biologic Therapy
On 14th February 2019, According to a report in gastroenterology published by the national and international experts states that the therapeutic area for endoscopy in treating inflammatory bowel disease expanding. The endoscopic procedure plays an important role in treating the disease and performing surgeries. The report represented the role of interventional for the inflammatory bowel disease which is considered to be an era of biologic therapy. The panel has predicted that with a proper understanding of the disease process and course of the inflammatory bowel disease will improve the long-term effect in the field of medical therapy coupled with the advancement in the endoscopic technology the interventional inflammatory bowel disease is expected to become a combined part of the multidisciplinary method for complex interventional inflammatory bowel disease. The interventional endoscopy can link between the medical and surgical treatments of interventional inflammatory bowel disease.
Growing Endoscopic Procedures and Rising Geriatric Population are the Factors Expected to Drive the Growth of this Market
The number of U.S. population more than 65 and older is anticipated to be more than double i.e. from 46 million to 98 million by 2060. Also, the aging population is causing an increase in reported cases of colorectal cancer. Early diagnosis and endoscopic mucosal resection procedures, can reduce the mortality rate by up to 90%. Increased patient awareness of endoscopic mucosal resection method will drive the demand for gastrointestinal endoscopic procedures. Endoscopes are used for various purposes, such as diagnosis and treatment of various cancer and tumors. The increasing prevalence of cancer has led to an increase in endoscopic procedures in the U.S. and Canada, due to lifestyle diseases, cancer, and growing geriatric population. A steady rise in the number of endoscopic procedures has increased demand for the endoscope and endoscope mucosal resection. Apart from the above-mentioned factors, the increasing growth rate of medical devices is projected to help boost the revenue growth of the endoscope mucosal resection market.
North America is the most Prominent Market for the Endoscopic Mucosal Resection
Geographically, Endoscopic Mucosal Resection market report is segmented into North America, Europe, Asia-Pacific and Rest of the World. The North America market is projected to be the most revenue generation market for the endoscopic mucosal resection. Rise in geriatric population and the prevalence of gastrointestinal cancer such as esophagus, stomach, colon cancer in North America leads to the increasing demand of the endoscopy procedures and expected to propel the endoscopic mucosal resection market over the long run. Emerging countries such as China and India have one-third of the population and governments increasing funding to develop healthcare infrastructure. Hence, The Asia Pacific market is estimated to grow at a high rate with strong market potential for the new entrants in the forecast period.
Key Benefits for Endoscopic Mucosal Resection Market Report–
- Global market report covers in depth historical and forecast analysis.
- Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
- Global market report helps to identify opportunities in market place.
- Global market report covers extensive analysis of emerging trends and competitive landscape.
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Global Endoscopic Mucosal Resection Market Segmentation: –
By Product Type:
- Lift-and-Cut Technique
- Suck-and-Cut Technique
- Colon Cancer
- Duodenal Cancer
- Esophageal Cancer
- Stomach Cancer
- Ambulatory Surgical Centers
- Specialty Clinics
By Regional & Country Level:
- North America
- Asia Pacific
- Southeast Asia
- Latin America
- Middle East and Africa
- Rest of Middle East and Africa
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