Global endoscopic retrograde cholangiopancreatography devices market is expected to grow in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.9% in the forecast period of 2021 to 2028 and is expected to reach USD 2,971.05 million by 2028 from USD 1,951.18 million in 2020. The high prevalence of pancreatic and biliary diseases is likely to be the major driver which propels the demand of the market in the forecast period.
The high prevalence of chronic diseases such as Crohn’s disease, Barrette’s disease, high prevalence of pancreatic tumor across the globe, along with government initiatives to create awareness among patients for better and advanced treatments are acting as driver for the growth of the market. However, the stringent government regulation set by regulatory bodies in different regions for the launch of new devices is acting as restrain for the growth of the market. The increasing disposable income especially in developing countries is acting as opportunity for the market as people are getting more aware towards advanced technology. The high cost of procedure may act as challenge for the growth of the market.
The global endoscopic retrograde cholangiopancreatography devices market report provides details of market share, new developments, and impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief. Our team will help you create a revenue impact solution to achieve your desired goal.
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The U.S. is dominating the global endoscopic retrograde cholangiopancreatography devices in the North American region due to the largest consumer market with high GDP, rise in biliary and pancreatic diseases. Also, a wide variety of products available for the treatment and many market players increased the technological advancement in the region.
The major companies providing the Europe endoscopic retrograde cholangiopancreatography devices are Olympus Corporation, Boston Scientific Corporation, Medtronic, BD, Ambu Inc., CONMED Corporation, HOBBS MEDICAL, INC., FUJIFILM Corporation, TeleMed Systems, Inc., Merit Medical Systems, Cook, KARL STORZ SE & Co. KG, Johnson & Johnson Services, Inc., HOYA Corporation, Medi-Globe GmbH, STERIS, Shaili Endoscopy, Hospiline Equipments among others.
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