Endoscopic Mucosal Resection Devices Market Analysis North America, Europe, Asia, Rest of World (ROW) - US, Germany, Japan, UK, China - Size and Forecast 2024-2028

Endoscopic Mucosal Resection Devices Market Size 2024-2028

The endoscopic mucosal resection devices market size is forecast to increase by USD 875 million, at a CAGR of 9.45% between 2023 and 2028. Market growth is driven by several critical factors such as favorable initiatives and rising prevalence of gastrointestinal diseases, increasing adoption of minimally invasive procedures, and expanding growth prospects in emerging markets. These factors collectively propel the healthcare sector forward. Favorable initiatives, such as supportive policies and funding for gastrointestinal disease research and treatment, foster advancements in medical technologies and therapies. Concurrently, the growing preference for minimally invasive procedures reflects a shift towards less invasive, quicker recovery treatments, enhancing patient outcomes and satisfaction. Additionally, emerging markets offer substantial growth opportunities driven by increasing healthcare expenditures, expanding access to medical services, and rising awareness of treatment options. These trends underscore a global shift towards more accessible and effective healthcare solutions. As healthcare providers and innovators respond to these dynamics, strategic investments in research, technology, and market expansion play crucial roles in shaping the future landscape of gastrointestinal healthcare. It also includes an in-depth analysis of market trends and analysis, market growth analysis and challenges. Furthermore, the report includes historic market data from 2018 - 2022.

What will be the Size of the Market During the Forecast Period?

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Market Dynamic and Customer Landscape

The Endoscopic Mucosal Resection (EMR) Devices market is crucial in treating abnormal or precancerous growths across the gastrointestinal tract, including the esophagus, stomach, and colon. These devices facilitate surgical resection through techniques like lift-and-cut and suck-and-cut, aided by submucosal injection of aqueous solution to elevate tissue for precise removal. They target early tumors and colon polyps, supporting minimally invasive medical procedures to manage gastrointestinal disorders and mitigate risks of Barrett's syndrome, biliary tract disease, and pancreatic cancer. EMR devices operate within the muscle layers of the bowel wall, addressing cancer tumors and precancerous growths effectively while offering advancements in cap-assisted techniques for enhanced procedural outcomes in clinical settings.

Key Market Driver

Rising popularity of minimally invasive surgery is expected to boost the global market for endoscopic mucosal resection devices. Due to advances in endoscopic technology, surgeons prefer minimally invasive surgery over traditional open surgery. This is because these procedures result in less blood loss, lower risk of infection, shorter hospital stays, and improved quality of life for patients. Additionally, healthcare providers are encouraging a transition from traditional open surgery to minimally invasive surgery. This is because open surgery is more painful and requires a longer hospital stay than minimally invasive surgery.

The demand for minimally invasive surgeries is rising because of the increasing complications associated with traditional open surgeries. Conventional open surgeries can cause various post-operation complications, including pain, blood clots, fatigue, muscle atrophy, and infections. In addition, anesthesia administered before opening surgeries can cause sore throat, nausea, and sleepiness. The above factors will increase the market growth during the forecast period.

Significant Market Trends

Increasing R&D investments and product launches is the primary trend in the global endoscopic mucosal resection devices market. An increase in R&D spending is likely to benefit market growth during the forecast period. Vendors in this market invest huge amounts of money in research activities to update existing products and launch new products to keep up with market growth. For instance, Boston Scientific is investing huge amounts in R&D activities to fuel its future growth and remain competitive in the market. In 2022, Boston Scientific Corp., R&D expenses increased by USD 119 million, or 10%, compared to 2021. The costs include new product development programs and regulatory compliance.

Furthermore, in 2022, Olympus launched Triangle Tip Knife and electrosurgical knife, which can be used in endoscopic mucosal resection procedures. Such initiatives from the companies are leading to the introduction of new products to the market. Thus, the adoption of endoscopic mucosal resection devices in the market is expected to increase, which, in turn, will drive the growth of the market during the forecast period.

Major Market Challenge

Lack of skilled expertise is a major challenge to the growth of the global endoscopic mucosal resection devices market. Endoscopic procedures such as endoscopic mucosal resection require highly skilled professionals to prevent certain risks and complications. Lack of expertise in handling endoscopic mucosal resection devices during the examination can lead to complications such as bleeding, perforation, and pain. For instance, using an endoscope during the endoscopic mucosal resection technique involves restricted operating area vision, requires proper hand-eye coordination, and needs handling of various complicated devices to enhance procedural outcomes. Moreover, in hospitals and other healthcare facilities, the staff must be trained to use endoscopic devices for better procedural outcomes. The staff needs to be certified to use such devices and perform advanced endoscopies.

However, the healthcare industry is facing a shortage of skilled experts and medical staff. For instance, the US has been facing a shortage of gastroenterologists since 2016. This makes the use of endoscopy devices less practical in many hospitals. Furthermore, the number of endoscopists in emerging economies is low. Thus, the shortage of skilled endoscopy technicians and experts is likely to discourage the use of endoscopic mucosal resection devices, which, in turn, will hamper the growth of the market during the forecast period.

Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.

Market Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Boston Scientific Corp.: The company offers endoscopic mucosal resection devices such as Captivator EMR device.

The research report also includes detailed analyses of the competitive landscape of the market and information about 11 market companies, including:

• Conmed Corp.
• Cook Group Inc.
• Erbe Elektromedizin GmbH
• Interscope Inc.
• Medtronic Plc
• Micro-Tech (Nanjing) Co. Ltd.
• MTW-Endoskopie W. Haag KG
• Olympus Corp.
• Ovesco Endoscopy AG
• STERIS plc
• Sumitomo Bakelite Co. Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Segmentation 

The market share growth by the hospitals segment will be significant during the forecast period. Hospitals have state-of-the-art infrastructure to fulfill the needs of patients. They have facilities for the diagnosis and monitoring of chronic diseases and have highly equipped special operating rooms, which will further contribute to the growth of the segment.

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The hospital segment was valued at USD 552.90 million in 2018. The hospital segment is growing steadily due to the availability and favorable reimbursement policies of endoscopic mucosal resection devices. Many hospitals in developed countries have endoscopy facilities with advanced technology. Hospital endoscopy departments are well-equipped with various resection devices, carts, cabinets, accessories, medicines, inhalers, visualization and documentation systems. Such factors are likely to meet end-user demand and benefit the growth of the hospital segment during the forecast period.  

Regional Analysis

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Europe is estimated to contribute 30% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America is a dominating region in the global endoscopic mucosal resection devices market, with the US and Canada as the leading revenue-generating countries. Factors contributing to the market growth are the presence of major vendors in this region, increasing demand for minimally invasive surgery techniques, growing prevalence of gastrointestinal diseases, and availability of advanced endoscopic mucosal resection kits used for resection procedures. 

Moreover, the rapidly increasing technological advances in the endoscopy field are pushing vendors to launch new endoscopic mucosal resection devices. Furthermore, physicians prefer advanced technological products with proven results. Hence, manufacturers are offering single-use and reusable endoscopic mucosal resection devices, which will further increase the adoption of these devices in healthcare centers and favor the growth of the market in North America during the forecast period.

Segment Overview

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.

• End-user Outlook
  • Hospitals
  • ASCs
  • Clinics
  • Others

• Product Outlook
  • Entry needle
  • Mucosectomy snare
  • Probe

• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia
    • China
    • India
  • ROW
    • Argentina
    • Australia
    • Brazil

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Market Analyst Overview

The market is pivotal in the field of gastroenterology, offering advanced solutions for lesion and polyp removal in the digestive tract, including stomach polyps, esophageal, and colonic polyps. These devices utilize techniques such as lift-and-cut and suck-and-cut, supported by endoscopic submucosal dissection and hybrid endoscopic techniques for precise diagnostic and therapeutic purposes. Enhanced by advanced imaging techniques like narrow-band imaging and chromoendoscopy, EMR tools enable early-stage cancer detection and treatment, particularly in gastric, colorectal, and esophageal cancer cases.

Additionally, infection control measures and endoscope reprocessing equipment ensure safety in ambulatory surgical centers and surgical centers, reducing risks of postoperative pain and respiratory problems. The market emphasizes high-tech endoscope devices for robust medical facilities, addressing challenges like scarring and incomplete polyp eradication while improving patient outcomes and minimizing discomfort associated with procedures. As the demand for minimally invasive procedures grows, EMR devices play a critical role in modern gastroenterological practices.

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What are the Key Data Covered in this Market Research and Growth Report?

• CAGR of the market report during the forecast period
• Detailed information of market analysis and report on factors that will drive the growth of the market between 2024 and 2028
• Precise estimation of the size of the market and its contribution in focus to the parent market
• Accurate predictions about upcoming trends and changes in consumer behaviour
• Growth of the market across North America, Europe, Asia, and Rest of World (ROW)
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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