Endoscopic Retrograde Cholangiopancreatography Market Will Reach USD 2,557.7 Million By 2030 | P&S Intelligence

In 2021, the endoscopic retrograde cholangiopancreatography market was worth around USD 1,270.9 million, and it is projected to advance at an 8.1% CAGR from 2021 to 2030, hitting USD 2,557.7 million by 2030, according to P&S Intelligence. This growth can be credited to the growth in the occurrence of pancreatic cancer and a paradigm move toward minimally invasive procedures.

In 2021, Endotherapy devices and endoscopes together had approximately 70% share. This can be credited to the surge in the need for ERCP devices attached to the high occurrence of choledocholithiasis, pancreatitis, pancreatitis, and pancreatic cancer. According to the American Health Organization, over 60,000 individuals are projected to have gone through pancreatic cancer in 2022, and around 50,000 individuals will expire from it, in the U.S.

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In 2021, the biliary sphincterotomy category, generated the largest revenue share approximately 45%, in the endoscopic retrograde cholangiopancreatography market.

This is mainly because of the high utilization of ERCP devices in the handling of common bile duct stones, bile obstruction, stent placement, and tissue sampling. For example, the occurrence of intrahepatic bile duct cancer is approximately 10 per 100,000 males and women yearly, in the U.S.

Hospitals and clinics are the major end users of ERCP, and the category is projected to witness the highest CAGR, of approximately 8.3%, in the coming few years. This can be credited to the increasing count of trained and attributed endoscopists, including gastroenterologists or doctors, a surge in the count of hospitals, and the majority of endoscopic diagnosis interventions executed in such healthcare amenities.

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Also, the same-day medical care covering both defensive and diagnostic measures provided by several clinics boosts the industry's growth in this category.

The North American endoscopic retrograde cholangiopancreatography industry, generated the largest revenue share of approximately USD 471.4 million, in 2021. Approximately 3% of demises in the U.S. region happen because of pancreatic cancer each year.

Furthermore, the increasing drinking of alcohol is leading to numerous illnesses including pancreatic adenocarcinoma and pancreatic neuroendocrine tumor. Such reasons are ensuing in the high utilization of ERCP procedures in the continent. Furthermore, over 20% of the Canadian populace suffers from bile duct illness, which is further boosting the growth of the market.

Moreover, the sanction of numerous ERCP devices by the FDA in the continent also strengthens industry growth. For example, in July 2020, Ambu Inc. got the FDA sanction for Ambu aScope Duodeno, which is a sterile, single-use duodenoscope.

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Hence, the growth in the occurrence of pancreatic cancer and a paradigm move toward minimally invasive procedures, and such factors are contributing to the growth of the endoscopic retrograde cholangiopancreatography industry.

ERCP Market Size Breakdown by Segment

By Product Type
• Endoscopes
• Endotherapy Devices
o Sphincterotome
o Lithotripter
o Stents
o Cannulas
o Forceps
o Snares
o Catheters
o Guiding Wires
o Balloons
o Baskets
o Others
• Visualization Systems
• Energy Devices
• Others
By Application
• Biliary Sphincterotomy
• Biliary Dilatation
• Biliary Stenting
• Pancreatic Sphincterotomy
• Pancreatic Duct Dilatation
• Pancreatic Duct Stenting
By End User
• Hospitals & Clinics
• Ambulatory Surgery Centers
• Others
Regional Analysis
• North America Endoscopic Retrograde Cholangiopancreatography Market
o By product type
o By application
o By end user
o By country - U.S. and Canada
• Europe Endoscopic Retrograde Cholangiopancreatography Market
o By product type
o By application
o By end user
o By country - Germany, U.K., France, Italy, Spain, and the Rest of Europe
• Asia-Pacific (APAC) Endoscopic Retrograde Cholangiopancreatography Market
o By product type
o By application
o By end user
o By country - China, India, Japan, Australia, South Korea, and Rest of APAC
• Latin America (LATAM) Endoscopic Retrograde Cholangiopancreatography Market
o By product type
o By application
o By end user
o By country - Brazil, Mexico, and Rest of LATAM
• Middle East and Africa (MEA) Endoscopic Retrograde Cholangiopancreatography Market
o By product type
o By application
o By end user
o By country - Saudi Arabia, South Africa, and Rest of MEA

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