Enjoy complimentary customisation on priority with our Enterprise License!
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.
To learn more about this report, View Report Sample
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.
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.
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.
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.
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
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:
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.
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.
Get a glance at the market contribution of various segments View the PDF Sample
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.
For more insights on the market share of various regions Download PDF Sample now!
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.
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.
You may also interested in below market reports:
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.
Industry Scope |
|
Report Coverage |
Details |
Page number |
162 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.45% |
Market growth 2024-2028 |
USD 875 million |
Market structure |
Concentrated |
YoY growth 2023-2024(%) |
8.42 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
Europe at 30% |
Key countries |
US, Germany, Japan, UK, and China |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Boston Scientific Corp., 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, and Sumitomo Bakelite Co. Ltd. |
Market dynamics |
Parent market analysis, Market forecast, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.