Endoscopic Retrograde Cholangiopancreatography (ERCP) Devices - Worldwide

Endoscopic Retrograde Cholangiopancreatography (ERCP) Devices Market Definition

The endoscopic retrograde cholangiopancreatography (ERCP) devices market is a crucial segment of the healthcare industry. This industry deals in manufacturing and distribution of endoscopic retrograde cholangiopancreatography in different parts of the world. The various types of products used in this industry consist of sphincterotomes, accessories, lithotripter, endoscopes, stents, cannulas, forceps, snares, catheters, guiding wires, balloons, and others. The rising incidences of pancreatic and biliary disorders have boosted the market growth. This market is expected to rise significantly with the growth of the medical devices industry across the world.

The increasing healthcare expenditure and technological advancements in endoscopic systems has propelled the market growth. Also, the rising incidences of cholangiocarcinoma and hepatocellular carcinoma along with increased adoption of handheld endoscopic devices for detecting several diseases including gastro esophageal peptic ulcer disease, Crohn's disease, reflux disease, GI cancer, Barrett’s esophagus, bile duct diseases, intestinal pseudo-obstruction, Ogilvie syndrome and some others is playing a positive role in shaping the industry. Moreover, the growing use of these devices in several end-user sectors such as hospitals, diagnostic laboratories, specialty clinics and others is expected to foster the growth of the endoscopic retrograde cholangiopancreatography (ERCP) devices market. The growing emphasis on minimally invasive surgery along with rapid developments in cloud endoscopy system and redesigned duodenoscopes is expected to create opportunities for the market players in the upcoming years.