Global Endoscopic Retrograde Cholangiopancreatography Market Grows Steadily at a CAGR of 7%.

Introduction

Endoscopic retrograde cholangiopancreatography, or ERCP, is a diagnostic and therapeutic procedure that uses upper gastrointestinal (GI) endoscopy and X-ray imaging to diagnose and treat conditions affecting the bile and pancreatic ducts. Bile ducts are the tubes that carry bile from the liver to the gallbladder and then to the duodenum. Pancreatic juice is moved through these channels from the duodenum to the pancreas. A doctor might advise an ERCP procedure when bile or pancreatic ducts have narrowed or blocked. This could be brought on by bile duct and pancreatic cancers, infection, acute or chronic pancreatitis, pancreatic pseudocysts, or gallstones.

ERCP is a diagnostic procedure for gallbladder, biliary system, pancreas, and liver diseases. ERCP devices utilize a combination of fluoroscopic imaging and luminal endoscopy to diagnose and treat pancreaticobiliary system disorders. Endotherapy devices are frequently utilized to treat Barrett's disease, biliary disease, colitis, Crohn's disease, gastroesophageal reflux disease (GERD), liver disease, pancreatitis, inflammatory bowel disease, and peptic ulcer disease. Endotherapy devices are sphincterotomy, guidewire, balloon, basket, lithotripters, stent, grasping forceps, cannula, and single-use balloon dilator.

Market Dynamics

Rising Number of People Suffering from Digestive and Chronic Biliary Disorders Drives the Global Market

The prevalence of chronic diseases has increased, with Barrett's Disease, Biliary Disease, Colitis, Crohn's Disease, Gastroesophageal Reflux Disorder (GERD), liver Disease, Pancreatitis, Inflammatory Bowel Disease, and Peptic Ulcer Disease being the most prevalent. When the bile ducts are blocked or terminal gallstones form in the Ogallala, this type of surgery is necessary to drain bile from the liver. Chronic gastrointestinal and biliary conditions are the most prevalent conditions that make it difficult for patients to perform daily tasks. The market for endoscopic retrograde cholangiopancreatography is anticipated to grow as a result of a rise in the prevalence of diseases, which will subsequently increase the demand for treatment.

Rising Awareness Worldwide Creates Tremendous Opportunities

The endoscopic retrograde cholangiopancreatography market is experiencing a rapid and continuous increase in devices for diagnosing comorbidities such as adenomas, hemangiomas, and focal nodular hyperplasia (FNH), Pancreatic adenocarcinoma, Ampullary cancer, Adenosquamous, carcinomas, Pancreatic cysts, Barrett's Disease., Biliary Disease, Colitis, Crohn's Disease A rise in disorders associated with the pancreas, liver, and bile duct has led to an increase in awareness of ERCP devices. This provides manufacturers with growth opportunities, thereby stimulating market expansion.

Regional Analysis

North America is the highest revenue contributor to the global endoscopic retrograde cholangiopancreatography market and is estimated to reach USD 766.03 million by 2030, growing at a CAGR of 7.4% during the forecast period. In the region, endoscopes, endotherapy devices, imaging systems, and energy devices are used in most endoscopic retrograde cholangiopancreatography (ERCP) procedures in the United States. This is expected to present a sizable opportunity for companies in the endoscopic retrograde cholangiopancreatography market to expand their clientele and earnings. The second-most lucrative market for ERCP is Europe. The significant harmful impact bile explains this and biliary disorders have on people's general health.

Key Highlights

• The global endoscopic retrograde cholangiopancreatography market was valued at USD 121.94 million in 2021. It is projected to reach USD 2,229.94 million by 2030, growing at a CAGR of 7% during the forecast period (2022–2030).
• Based on product type, the global endoscopic retrograde cholangiopancreatography market is categorized into endoscopes, endotherapy devices, imaging systems, energy devices, and others. The endoscopes segment is the highest contributor to the market, growing at a CAGR of 8.8% during the forecast period.
• Based on application, the global endoscopic retrograde cholangiopancreatography market is categorized into biliary sphincterotomy, biliary dilatation, biliary stenting, pancreatic sphincterotomy, pancreatic duct dilatation, and pancreatic duct stenting. The biliary sphincterotomy segment is the highest contributor to the market, growing at a CAGR of 8.1% during the forecast period.
• Based on end-user, the global endoscopic retrograde cholangiopancreatography market is segmented into hospitals, clinics, and ambulatory surgery centers. The hospitals and clinics segment is the highest contributor to the market, growing at a CAGR of 7.8% during the forecast period.
• North America is the highest revenue contributor to the global endoscopic retrograde cholangiopancreatography market and is estimated to reach USD 766.03 million by 2030, growing at a CAGR of 7.4% during the forecast period.

Competitive Players

1. Ambu Inc.
2. Becton Dickinson And Company
3. Boston Scientific Corporation.
4. Conmed Corporation.
5. Cook Group Incorporation
6. Fujifilm Holdings Corporation.
7. Medtronic Plc
8. Olympus Corporation
9. Telemed System Inc.

Recent Developments

Recent Developments

• In February 2023, a High-Throughput Single-Cell Multiomics Platform was Introduced by BD to Widen the Scope of Scientific Discovery.
• In February 2023, FDA approval for Boston Scientific's LithoVueTM Elite Single-Use Digital Flexible Ureteroscope System.
• In February 2023, The beginning of a new phase III clinical trial in Japan involving patients who have meniscus injuries has been announced by Fujifilm.

Segmentation

1. By Product
   1. Endoscopes
   2. Endotherapy Devices
   3. Imaging Devices
   4. Energy Devices
2. By Application
   1. Biliary Sphincterotomy
   2. Biliary Dilatation
   3. Biliary Stenting
   4. Pancreatic Sphincterotomy
   5. Pancreatic Duct Dilatation
   6. Pancreatic Duct Stenting
3. By End-User
   1. Hospitals & Clinics
   2. Ambulatory surgery centers