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.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.