Global Market Study
on Endoscopic
Mucosal Resection:
Lift-and-Cut Technique to Hold over Half the Global Market Share
by 2025
An endoscopic technique called Endoscopic Mucosal Resection (EMR) is used
for the resection of large distal colorectal poylps. EMR was developed for
minimally invasive, organ sparing endoscopic removal of benign and early
malignant lesions in the GI tract. EMR is used to treat superficial neoplasms of
the gastrointestinal tract. A new research report by Persistence Market Research
is based on the analysis of the global endoscopic mucosal resection market and
its overview. The report titled ‘Endoscopic Mucosal Resection Market: Global
Industry Analysis 2012–2016 and Forecast 2017 – 2025’ includes the major
aspects of the market such as the market size, growth rate, pricing analysis and
much more.
According to the report forecast, the global endoscopic mucosal resection
market reached a value of over US$ 1,400 Mn in 2017 and this is expected to
increase to over US$ 2,500 Mn by the end of 2025. Revenue growth is
anticipated to expand at a robust CAGR of 7.3% during the forecast period
2017-2025. The growth is a result of new technological advancements in the
global endoscopic mucosal resection market and companies are ready to make
full use of this by launching new products in the market.
Global Endoscopic Mucosal Resection Market: Dynamics
The global endoscopic mucosal resection market has a major support of the
macro factors like increase in the spending on healthcare sector in various
regions by the local governments. This has led to an overall improvement in the
technology used by the healthcare industry. It has helped in increasing the
number of endoscopic mucosal resection procedures worldwide. The market
has also observed collaborations between the manufacturers. Original
equipment manufacturers and third party service vendors focus on the
collaboration and partnership activities in some regions to provide sales and
after sales services effectively. This boosts the brand image of endoscope
devices and ultimately helps the growth of the global endoscopic mucosal
resection market.
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https://www.persistencemarketresearch.com/market-research/endoscopicmucosal-resection-market.asp
However, the global endoscopic mucosal resection market may face challenges
in its growth due to stringent rules and regulations pertaining to the launch of
new products in the market. Also, inadequate reimbursements of claims limits
the willingness of people to spend on costly medical procedures like endoscopic
mucosal resection.
Segmental Highlights from the Research Report
On the basis of region, Asia Pacific is expected to dominate the global market
with the fastest growth rate of 7.9% during the forecast period. Another
attractive region in the global endoscopic mucosal resection market is North
America that is anticipated to hold the maximum market size by the end of
2025.
On the basis of technology, suck-and-cut technique is the most lucrative
segment with a high CAGR, whereas the lift-and-cut technique leads with a
higher market size during the forecast period.
On the basis of indication duodenal cancer and esophageal cancer are both
attractive segments according to the analysis.
On the basis of end user, hospitals hold the maximum market size with an
expected value of over US$ 1,400 Mn by the end of 2025.
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Tier 1 Players to Lead with Maximum Revenue Contribution in the Global
Endoscopic Mucosal Resection Market
According to the research report, Tier 1 players have contributed the most
revenue currently with a combined valuation of US$ 725 Mn in the global
market. This includes key players such as Boston Scientific Corporation, Cook
Medical, Olympus and FUJIFILM Medical Systems. Tier 2 players include the
likes of Conmed Corporation, STERIS plc., and STERIS plc.
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