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Endoscopic Submucosal Dissection Market worth $483 million by 2027 -Growth to be Fuelled by Advancements in Technology| Olympus Corporation (Japan), Boston Scientific Corporation (US), FUJIFILM Holdings Corporation (Japan), Sumitomo Bakelite Co., Ltd. (Ja
Endoscopic Submucosal Dissection Market
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Endoscopic submucosal dissection (ESD) is an endoscopic procedure used to treat early-stage gastric cancer and other gastrointestinal diseases. ESD is a minim ally invasive procedure that involves the removal of lesions from the gastrointestinal tract, such as early-stage gastric cancer, with minimal damage to the surrounding tissue. During the procedure, a specialized endoscope is inserted into the gastrointestinal tract and the lesion is dissected off the mucosal layer using an electrosurgical knife. The procedure is typically done under general anesthesia and can be used to remove large lesions in a single procedure.
The global endoscopic submucosal dissection market is expected to grow at a steady pace over the forecast period. This can be attributed to the increasing prevalence of gastrointestinal conditions such as gastric cancer, rising geriatric population, and increasing healthcare expenditure. Additionally, the increasing number of endoscopic procedures, technological advancements in endoscopic instruments, and favorable reimbursement policies are also driving the market growth. Furthermore, the increasing awareness about the benefits of ESD over open surgery and the increasing number of clinical trials related to ESD are expected to fuel market growth over the forecast period.
However, the high cost of endoscopic instruments, limited availability of skilled professionals, and risks associated with ESD are some of the major challenges faced by the market. Nevertheless, the increasing demand for minimally invasive procedures and the growing focus of key players on developing advanced endoscopic instruments are expected to provide lucrative opportunities for market growth.
The global endoscopic submucosal dissection market is segmented on the basis of product type, end-user, and region. By product type, the market is divided into stationary endoscopes, flexible endoscopes, and accessories. By end-user, the market is divided into hospitals, clinics, and ambulatory surgical centers. Based on region, the market is further segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
The Asia Pacific market is expected to grow at a higher CAGR during the forecast period
The APAC market is expected to grow at the highest rate during the forecast period. Factors such as the growing number of hospitals, improving healthcare infrastructure, increasing healthcare expenditure, growing patient population, and surging demand for minimally invasive surgeries are boosting the growth of the endoscopic submucosal dissection market in the Asia Pacific.
Key Market Players:
The prominent players in the endoscopic submucosal dissection market are Olympus Corporation (Japan), Boston Scientific Corporation (US), FUJIFILM Holdings Corporation (Japan), Sumitomo Bakelite Co., Ltd. (Japan), Creo Medical (UK), Medtronic (Ireland), MTW Endoskopie Manufaktur (Germany), HOYA Corporation (Japan), Ovesco Endoscope AG (Germany), Zeon Medical Inc. (Japan), KARL STORZ SE & Co. KG (Germany), ConMed Corporation (US), Micro-tech Endoscopy (China), Cook Group (US), Steris PLC (Ireland), Leo Medical Co., Ltd. (China), Erbe Elektromedizin GmbH (Germany), Taewoong Medical (South Korea), DCC Healthcare (Ireland), Kossen Co., Ltd. (South Korea), Innova Medica SPA (Italy), Jiangsu Vedkang Medical Science and Technology Co., Ltd. (China), Hangzhou AGS MedTech Co., Ltd. (China), and Beijing ZKSK Technology Co., Ltd. (China).
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Endoscopic Submucosal Dissection Market Report Segmentation
By Product
• Gastroscopes And Colonoscopes
• Knives
• Injection Agents
• Tissue Retractors
• Graspers/Clips
• Other Products
By Indication
• Stomach Cancer
• Colon Cancer
• Esophageal Cancer
By End User
• Hospitals
• Specialty Clinics
• Ambulatory Surgical Centers
• Other End Users
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Recent Developments:
• In March 2021, FUJIFILM Holdings Corporation (Japan) acquired Diagnostic Imaging-related Business (the Business), Hitachi, Ltd.. This acquisition helped in the expansion of the medical systems business of FUJIFILM Corporation.
• In January 2021, Olympus Corporation (Japan) acquired Quest Innovations B.V. (Netherlands). The acquisition enabled Olympus to strengthen its surgical endoscopy capabilities and incorporate Quest's advanced FIS capabilities into its comprehensive medical imaging portfolio.
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