The Endoscopic Submucosal Dissection Market to grace digital transformation curve at a CAGR of 7.2%

The global endoscopic submucosal dissection market reached a valuation of US$ 245.9 Mn at the end of 2021, with a projected CAGR of 7.2% for the next ten years, which indicates highly positive market growth. Detailed industry analysis reveals that worldwide revenue from endoscopic submucosal dissection will end up at US$ 532.6 Mn by 2032.

According to Persistence Market Research, by indication, stomach cancer accounted for a market value of US$ 199.1 Mn in 2021, while hospitals held 44.8% share of the global market.

Endoscopic submucosal dissection held an approximate share of 7.9% of the global endoscopy device market in 2021.

There are several factors driving the growth of the Endoscopic submucosal dissection market, including the increasing prevalence of GI cancers, the growing adoption of minimally invasive surgical procedures, and the availability of advanced endoscopes and instruments. In addition, the increasing adoption of Endoscopic submucosal dissection by healthcare providers and the favorable reimbursement policies for Endoscopic submucosal dissection procedures are also contributing to the growth of the market.

Overall, the Endoscopic submucosal dissection market is expected to continue to grow at a significant rate in the coming years, driven by the increasing prevalence of GI cancers and the growing demand for minimally invasive surgical procedures. As the demand for ESD procedures increases and the market expands, it is likely that new players will enter the market and offer innovative products and technologies.

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Endoscopic submucosal dissection (ESD) has been the most significant advancement in therapeutic endoscopy in recent years for the management of early gastric cancer. Because there are few cases with relevant indicators, ESD is not well-known in the West. This is due to lower rates of the disease than in Japan, as well as a lack of adequate screening systems. As a result, early detection of stomach cancer is extremely rare. Furthermore, histopathologic criteria for early mucosal intestine cancer differ between Japanese and Western pathologists. As a result, bulk of early cancer diagnoses made by Japanese pathologists would go unnoticed in the West. Nonetheless, ESD is a method that is still being refined, and its acceptability and use are increasing.

With expanded experience and new developments in endoscopic procedures, ESD has grown in popularity in the United States over the last decade. With additional research evaluating the safety of colorectal ESD and improvements in endoscopists' expertise, the treatment has grown in popularity in recent years.

Company Profiles:

FUJIFILM Holdings Corp
Olympus Corporation
Heritage Electromedicine GmbH
Sumitomo Bakelite Co., Ltd.
Ovesco Endoscopy AG
Boston Scientific Corporation
Zeon Corporation
Cook Group
CONMED Corporation
STERIS

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Key Takeaways from Market Study

Knives, under the product category for endoscopic submucosal dissection, held a market share of 34.3% in 2021.

Stomach cancer indication accounted for the highest market share of 81% by value in 2021.

Hospitals accounted for a market share of around 44.8% in 2021 and the segment is set to advance at a CAGR value of 6.6% through 2032.

The East Asian region accounted for 57% of the global market share in 2021.

"High prevalence of gastric cancer in East Asia, leading to growing prominence of endoscopic submucosal dissection procedures, will propel the adoption of ESD over the coming years," says an analyst of Persistence Market Research.

Market Competition

Key manufacturers of endoscopic submucosal dissection products are highly focused on inorganic and organic growth strategies for expanding their global market share. Several players also provide a well-established product portfolio, thus allowing them to gain more profits.

Some key market developments include:

Sb-kawasumi Laboratories, INC. was founded in October 2021 as a result of a merger between Sumitomo Bakelite Co., Ltd.'s medical equipment business and Kawasumi Laboratories, INCmedica's equipment business.

Ovesco Endoscopy AG introduced the OTSG XcavatorTM, a new dimension in endoscopic grabbing, in June 2021.

What Does the Report Cover?

Persistence Market Research offers a unique perspective and actionable insights on the endoscopic submucosal dissection market in its latest study, presenting a historical demand assessment of 2014 - 2021 and projections for 2022 - 2032.

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Read More:
https://www.medgadget.com/2022/02/rapid-digitization-to-drive-the-endoscopic-submucosal-dissection-market.html

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