Get In Touch

Global Endoscopic Stricture Management Device market – Snapshot

Endoscopy is a minimally invasive procedure that involves visualization of the internal body parts. Since its introduction in the 1980s, endoscopy has gained wide acceptance among surgeons and physicians in the fields of gastroenterology. Endoscopy is performed for diagnostic As well as therapeutic purposes. Gastrointestinal strictures mean the narrowing or blocking of sections of the gastrointestinal tract. These strictures are usually treated with endoscopy using various dilation devices (balloon and bougie dilator) and stents. The global endoscopic stricture management device market was worth US$ 617.4 Mn in 2017. It is expected to expand at a CAGR of 5.5% from 2018 to 2026.

endoscopic stricture management device market

Gastrointestinal endoscopy stricture management devices are widely used for the treatment of esophageal strictures, colonic strictures, biliary strictures, pyloric strictures, and others GI strictures. Technological advancement in stricture management devices is likely to lead the growth of the market in the near future.

The global endoscopic stricture management device market can be segmented based on product, application, end-user, and geography. Further, in terms of product, the market can be divided into balloon dilator, bougie dilator, and stent. The stent segment is likely to account for a leading share of the global market during the forecast period owing to wide adoption of these devices, especially of the self-expandable metallic ones, in gastroenterology. Technological developments in gastrointestinal stents are estimated to boost the stents segment during the forecast period. Based on application, the endoscopic stricture management device market can be divided into esophageal, colonic, biliary, pyloric, and others. In terms of end-user, the market can be classified into hospitals, ambulatory surgical centers, and others. The hospitals segment is estimated to register the maximum growth rate during the forecast period owing to increase in the number of visits and stays in hospitals, favorable reimbursement policies, and rise in the number of endoscopic procedures performed in these settings.

Geographically, the global endoscopic stricture management device market has been segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe accounted for a major share of the global market in 2017. High prevalence of various gastrointestinal disease like inflammatory bowel disease, etc. and presence of a large geriatric population that is more prone to form gastrointestinal strictures, fuelled the demand for stricture management devices in these regions. The endoscopic stricture management device market in Asia Pacific is likely to expand at a high CAGR during the forecast period. Increase in incidence of gastrointestinal cancer and other gastrointestinal diseases and rise in health care expenditure are projected to fuel the market in the region during the forecast period. Moreover, low cost of manufacturing in China and India has resulted in the rise in the production facilities, attracting key players to the region from across the world.

Key players operating in the global endoscopic stricture management device market include Boston Scientific, Olympus Corporation, Cook Medical, CONMED Corporation, Medi-globe, Hobbs Medical, Panmed Us, Merit Medical Systems, and Becton, Dickinson and Company. These companies have established their stand in the market and enjoy brand loyalty among customers. They have a diverse product offering and an extensive distribution system across the world. Also, entry of small players, especially in the emerging markets of Asia, is being witnessed. However, stringent regulatory framework and high-quality standards set by the market leaders are anticipated to restrain the penetration of new entrants in the market.

Global Endoscopic Strictures Market to Expand with Advancements in Cardiac and Pulmonary Care

The demand within the global endoscopic strictures market is slated to increase at a stellar pace in the times to follow. The use of endoscopes for the purpose of cardiac diagnosis and analysis has played an integral role in driving demand within the global market. Furthermore, the unprecedented use of esophageal strictures in various medical procedures has also brought endoscopic strictures market under the radar of focus. The use of simple strictures that are less than 2 cm in size has faded out in recent years. Conversely, complex and more effective strictures such as endoscopic strictures have gained momentum in recent years. Therefore, the total volume of revenues flowing into the endoscopic strictures market is slated to increase by a respectable chase.

  • Application of endoscopic strictures in the domains of esophageal and pyloric care has played a defining role in market growth. This is because the COVID-19 pandemic has disrupted narratives around cardiac and pulmonary health, compelling the medical and healthcare industries to rethink their approaches. The COVID-19 crisis has haunted the healthcare industry as patients with comorbidities show escalating deterioration in their health. This is also true for several other conditions related to severe pneumonia. Therefore, use of endoscopic strictures has increased post the outbreak of the coronavirus diseases. Henceforth, the global endoscopic strictures market is slated to expand at a formidable pace in the times to come by.
  • It is also worthwhile to note that the ambulatory centers and hospitals have improved their functional dynamics by leaps and bounds. This is also creating new opportunities for growth and advancement across the global endoscopic strictures market. The biliary uses of endoscopic strictures have caused an uptick in the demand for the latter. In view of these factors, it is safe to assert that the global endoscopic strictures market would tread along a revenue-oriented trajectory.

Global Endoscopic Stricture Management Device market: Overview

This report analyzes the current and future scenario of the global endoscopic stricture management device market. Rise in geriatric population, high prevalence of gastrointestinal-related diseases, and increase in patient preference for minimally invasive surgeries are the major drivers of the global market.

The global endoscopic stricture management device market report comprises an elaborate executive summary, which includes a snapshot that provides information about various segments of the market. It also provides information and data analysis of the global market with respect to segments based on product, application, end-user, and region. A detailed qualitative analysis of drivers and restraints of the market and opportunities has been provided in the overview section. Additionally, the section comprises competitive matrix and company profiles with business overview to understand the competitive landscape in the market. This section of the report also provides market attractiveness analysis by region and market share analysis by key players, thereby presenting a thorough analysis of the overall competitive scenario in the global endoscopic stricture management device market.

Global Endoscopic Stricture Management Device Market: Key Segments

The global endoscopic stricture management device market has been segmented based on product, application, end-user, and region. In terms of product, the global market has been divided into balloon dilators, Bougie dilators, and stents. The stents segment is likely to account for leading share of the global endoscopic stricture management device market during the forecast period, owing to wide adoption of stents, especially self-expandable metallic stents, in gastroenterology. Technological developments in gastrointestinal stents are projected to boost the growth of the stents segment during the forecast period. Based on application, the global market has been classified into esophageal, colonic, biliary, pyloric, and others. In terms of end-user, the global endoscopic stricture management device market has been categorized into hospitals, ambulatory surgical centers, and others. The market size and forecast for each of these segments have been provided for the period from 2016 to 2026, along with their respective CAGRs for the forecast period from 2018 to 2026, considering 2017 as the base year.

Global Endoscopic Stricture Management Device Market: Regional Outlook

Geographically, the global endoscopic stricture management device market has been segmented into five major regions and key countries/sub-regions: North America (the U.S. and Canada), Europe (the U.K., Germany, France, Spain, Italy, and Rest of Europe), Asia Pacific (India, China, Japan, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (South Africa, GCC Countries, and Rest of Middle East & Africa). The market size and forecast for each of these regions and countries/sub-regions have been provided for the period from 2016 to 2026, along with their respective CAGRs for the forecast period from 2018 to 2026, considering 2017 as the base year. The research study also covers the competitive scenario in these regions.

Companies Mentioned in Report

The report also profiles major players in the global endoscopic stricture management device market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Key players in the global endoscopic stricture management device market are Boston Scientific, Olympus Corporation, Cook Medical, CONMED Corporation, Medi-globe, Hobbs Medical, PanMed US, Merit Medical Systems, and Becton, Dickinson and Company.

The global endoscopic stricture management device market has been segmented as given below:

by Product

  • Balloon Dilators
    • Balloon Dilator Catheters
    • Balloon Inflation Devices
  • Stents
    • Metal Stents
    • Plastic Stents
    • Biodegradable Stents
  • Bougie Dilators

by Application

  • Esophageal
  • Colonic
  • Pyloric
  • Biliary
  • Others

by End-user

  • Hospitals
  • Ambulatory Surgical Centers
  • Others

by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Endoscopic Stricture Management Device Market

Buy Now