Global Endoscopic Submucosal Dissection market: Overview
The growing demand for endoscopic procedures is likely to play an important role in the growth of the global endoscopic submucosal dissection market over the period of assessment, from 2020 to 2030. Asia Pacific is estimated to have the highest number of endoscopic submucosal dissection or ESD procedures. Such high number of these procedures is ascribed to the increased prevalence of gastric cancers in South Korea and Japan. Japan has also got the name of being the training center for ESD procedures. Growing prominence of the procedure in Asia Pacific is likely to foster growth of the global endoscopic submucosal dissection market.
The taking up of this procedure in the western countries is still slow and the market is still at a nascent stage. In addition to that, the prevalence of gastric cancer is quite low in these parts of the world, which is responsible for the slow growth of the global endoscopic submucosal dissection market over the period of projection, from 2010 to 2030.
Nature, form, end-use, distribution channel and region are five crucial factors based on which the global endoscopic submucosal dissection market has been divided.
Global Endoscopic Submucosal Dissection market: Notable Developments
Some futuristic and important developments pertaining to the global endoscopic submucosal dissection market have taken place in the last few years. The market is marked with the presence of a handful of leading players across the globe. Continuous research and development has played an important role in the expansion of the market share and increasing revenue for the market players.
- In August 2018, Germany-based ERBE Elektromedizin GmbH (Erbe Elektromedizin) introduced its very first advanced training course program along with HybridKnife at Prince of Wales Hospital, Hong Kong.
Some of the prominent companies in the global endoscopic submucosal dissection market are listed below:
- Monk Fruit Corp.
- Archer Daniels Midland
- Van Drunen Farms
- Sweet Dried Fruit, Inc.
- Graceland Fruit, Inc.
- Nikken International, Inc.
Global Endoscopic Submucosal Dissection market: Key Trends
The global endoscopic submucosal dissection market is marked with the presence of the following challenges, promising opportunities, and market drivers.
Rising Incidences of Gastric Cancer and Endoscopic Procedures to Trigger Market Growth
There has been a rise in geriatric population across the globe and then there has been a rise in the incidences of various types of gastrointestinal cancers, such as colon cancer, stomach cancer, and esophagus cancer, which has generated augmented demand for endoscopic procedures. In addition there has been a rise in the incidences of colorectal cancer amongst the ageing population. These factors are likely to support growth of the global endoscopic submucosal dissection market over the timeframe of analysis, from 2020 to 2030.
This new report on global endoscopic submucosal dissection market has made sincere and meticulous efforts and made optimum utilization of available resources so as to come with a report that would cater to the growing needs of the stakeholders in the projected market. Various multi-disciplinary approaches have been utilized to arrive at conclusions and estimation figures that have been presented in the report. This report on global endoscopic submucosal dissection market has been prepared and figures have been arrived at for a given period of time i.e. the forecast period that extends from 2020 to 2030.
Global Endoscopic Submucosal Dissection market: Geographical Analysis
Asia Pacific is likely to come up as one of the leading regions in the global endoscopic submucosal dissection market due to the increased prevalence of gastric cancers in this part of the world. With a large number of endoscopic procedures taking place in the US, North America is estimated to offer lucrative growth opportunities to the market players in the years to come.
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