Companies in the Endoscopic Submucosal Dissection Market Must Foster Collaboration with Research Institutions, Healthcare Organizations to Drive Technological Innovation: Fact.MR Report
Companies in the Endoscopic Submucosal Dissection Market Must Foster Collaboration with Research Institutions, Healthcare Organizations to Drive Technological Innovation: Fact.MR Report
The global endoscopic submucosal dissection market is estimated at US$ 313 million in 2024, and it is projected to grow steadily with a 7.40% CAGR through 2034. The market is projected to surpass a valuation of US$ 640.5 million by 2034.
Developed and developing economies like the United States, China, and India are dealing with the rising number of cases associated with gastrointestinal diseases. This is generally due to the adoption of Westernized lifestyles that usually involve unhealthy eating habits, alcohol overuse, and sedentary living. Endoscopic submucosal dissection is one of the most effective and preferred treatments for gastrointestinal diseases, offering a minimally invasive approach that involves minimal to no pain in the treatment.
Endoscopic submucosal dissection (ESD) holds significant applications in the healthcare and medical sector, particularly in diagnosing and treating stomach cancer. Its significance in the medicare industry worldwide is touching the skies due to its role in removing early-stage gastrointestinal tumors. This procedure also allows for the precise and complete excision of abnormal growths in the mucosal layer of the digestive tract.
Technological advancements in endoscopic equipment have enhanced the safety and efficacy of ESD procedures, attracting more healthcare professionals to adopt this technique. The efficiency and accuracy of ESD technologies have made them one of the most reliable treatment options for both patients and surgeons. All these factors have collectively contributed to the exponential expansion of the ESD market, worldwide.
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Key Takeaways from the Market Study
“Companies involved in this market can develop and promote comprehensive education and training programs for healthcare professionals to ensure widespread adoption and proficiency in performing ESD procedures,"opines a Fact.MR analyst.
Competitive Landscape
Players such as Erbe Elektromedizin GmbH, Sumitomo Bakelite Co., Ltd., Ovesco Endoscopy AG, FUJIFILM Holdings Corporation, and Olympus Corporation hold significant market shares. These prominent companies have established substantial and loyal consumer bases consisting of hospitals, clinics, and laboratories globally.
Industry leaders play a pivotal role in driving innovation within the endoscopic submucosal dissection market. Their research and development efforts set industry standards, and smaller companies often rely on these innovations to meet regional demands.The market also comprises numerous smaller companies, primarily catering to regional entities. These companies face challenges related to limited financial resources for research and development.
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Endoscopic submucosal dissection (ESD) is a minimally invasive procedure used to remove tumors from the digestive tract, particularly in early-stage gastrointestinal cancers.
CAGR stands for Compound Annual Growth Rate, which measures the mean annual growth rate of an investment over a specified time period, assuming the investment grows at a steady rate.
Gastrointestinal diseases refer to a range of disorders affecting the digestive system, including conditions like stomach cancer, ulcers, and inflammatory bowel disease.
Market share represents the portion of a market controlled by a particular company or product, indicating its competitiveness and influence within the industry.
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