The global Endoscopic Submucosal Dissection (ESD) market is expected to grow significantly during the forecast period, according to a new report by MarketsandMarkets. The rising number of endoscopy procedures, technological advancements in endoscopic instruments, and increasing focus on minimally invasive surgeries are some of the major factors driving the market.
Endoscopic Submucosal Dissection Market is projected to reach USD 483 million by 2027 from USD 347 million in 2022, at a CAGR of 6.9% according to a new report by MarketsandMarkets™
Endoscopic submucosal dissection is an endoscopic, minimally invasive procedure used to remove tumors or lesions from the digestive tract. The procedure involves the use of an endoscope, which is inserted into the patient's body through the mouth or rectum. The endoscope is then used to visualize the lesion and a special device, such as a hook or snare, is used to cut away the lesion.
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The rising prevalence of gastrointestinal disorders and cancers is driving the demand for endoscopic submucosal dissection. According to the World Health Organization (WHO), colorectal cancer is the second most common cancer in the world, with an estimated 1.8 million new cases.
The increasing demand for minimally invasive procedures is driving the market. Endoscopic submucosal dissection procedures are minimally invasive and enable faster recovery, with minimal scarring and risk of infection. The growing demand for minimally invasive procedures is expected to drive the market during the forecast period.
The increasing focus on developing advanced endoscopic instruments is expected to drive the market. Companies are investing in research and development to develop advanced endoscopic instruments for endoscopic submucosal dissection. This is expected to boost the market during the forecast period.However, the risk of complications associated with endoscopic submucosal dissection and the lack of skilled endoscopists may impede the market growth.
The global Endoscopic Submucosal Dissection market has been segmented based on product type, application, and end user.
Based on product type, the market has been segmented into endoscopic instruments and endoscopic accessories. The endoscopic instruments segment is expected to dominate the market, owing to the increasing demand for advanced endoscopic instruments.
Based on application, the market has been segmented into gastrointestinal, respiratory, and urological. The gastrointestinal segment is expected to dominate the market, owing to the increasing prevalence of gastrointestinal disorders and cancers.
Based on end user, the market has been segmented into hospitals, clinics, and research laboratories. The hospitals segment is expected to dominate the market, owing to the increasing number of endoscopy procedures and the availability of skilled endoscopists.
Region-wise, the market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
North America is expected to dominate the global Endoscopic Submucosal Dissection market, owing to the increasing prevalence of gastrointestinal disorders and the presence of major players in the region. The market in Asia-Pacific is expected to grow rapidly during the forecast period, owing to the increasing number of endoscopy procedures and the rising focus on developing advanced endoscopic instruments.
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Key Market Players
Major players in the global Endoscopic Submucosal Dissection market are Olympus Corporation (Japan), Karl Storz GmbH & Co. KG (Germany), Fujifilm Corporation (Japan), Boston Scientific Corporation (US), Conmed Corporation (US), Stryker Corporation (US), Ethicon (US), and Smith & Nephew (UK).
Endoscopic Submucosal Dissection Market Dynamics:
Drivers:
1. Increasing use of endoscopy in detection and treatment procedures
2. Rising prevalence of cancer
3. Growing geriatric population
Restraints:
1. Dearth of skilled professionals
2. High overhead cost of ESD procedures with limited reimbursements
Opportunities:
1. Growing demand for minimally invasive procedures
2. Growing investments in research and development of endoscopy technology
3. Expected increase in adoption of and preference for endoscopic submucosal dissection procedures in developing countries
Challenges:
1. Higher rate of complications
2. Risk of post-operative infection
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