The North America Endoscopic Retrograde Cholangiopancreatography (ERCP) Market was valued at US$ 0.90 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 6% during the forecast period.
North America Endoscopic Retrograde Cholangiopancreatography Market Overview:
The market for ERCP in North America is projected to experience notable growth in the coming years, driven by the rising incidence of cancer, significant investments in ERCP technology by hospitals and research centers, and ongoing efforts to enhance endoscopic techniques. The presence of key market players in the region further underscores the importance of the ERCP market as a major driver of its growth. According to the American Society of Clinical Oncology (ASCO), approximately 31,950 men and 28,480 women in the U.S. were diagnosed with pancreatic cancer in 2021. This form of cancer accounts for about 3% of all cancers and ranks as the eighth most common cancer in women and tenth in men. The incidence of pancreatic cancer has been increasing by roughly 1% annually over the past decade.
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North America Endoscopic Retrograde Cholangiopancreatography Market Dynamics:
Key factors contributing to the growth of the ERCP market in North America include the increasing prevalence of pancreatic and biliary diseases, the presence of numerous market participants, and the advancement of technology-driven devices. However, the market faces restraints due to the stringent regulatory environment imposed by the U.S. Food and Drug Administration (FDA). Despite these challenges, the market benefits from advanced healthcare infrastructure and favorable reimbursement policies. The growing incidence of pancreatic cancer and biliary stones is expected to drive further demand for ERCP procedures. According to the American Cancer Society, pancreatic cancer was the third most common cancer in the U.S. in 2021, after lung, bronchus, and colorectal cancers, with 60,430 new cases and 48,220 deaths reported.
A shortage of skilled professionals may pose a challenge to market growth. ERCP is a complex procedure that uses endoscopy and fluoroscopy to diagnose and treat conditions of the liver, gallbladder, bile ducts, and pancreas. It requires a radiologist to assist the physician by identifying abnormalities in the duodenum, pancreas, and biliary system. The American Cancer Society estimated that 41,260 new cases of liver and intrahepatic bile duct cancer would be diagnosed in the U.S. in 2022. Over the past few decades, liver cancer rates have more than tripled, and the associated mortality rate has more than doubled. In 2021, approximately 60,430 new pancreatic cancer cases were reported in the U.S.
North America Endoscopic Retrograde Cholangiopancreatography Market Segmentation:
by Product Type
Endoscopes
Endotherapy Devices
Imaging Devices
Energy Devices
by Application
Biliary Sphincterotomy
Biliary Dilatation
Biliary Stenting
Pancreatic Sphincterotomy
Pancreatic Duct Dilatation
Pancreatic Duct Stenting
Pancreatic Sphincterotomy is expected to lead the Endoscopic Retrograde Cholangiopancreatography Market owing to the incidence of pancreatic duct and bile duct stones in the North American population. Furthermore, the expanding senior population in North America creates a demand for endoscopies as biliary problems become more prevalent.
The report’s goal is to provide industry stakeholders with a complete study of the North American Endoscopic Retrograde Cholangiopancreatography market. The research identifies the most dominating trends in the North American Endoscopic Retrograde Cholangiopancreatography market and discusses how these trends will affect new company investments and market development throughout the forecast period. The study also helps to understand the dynamics of the North American Endoscopic Retrograde Cholangiopancreatography Market.
by End-User
Hospitals & Clinics
Ambulatory Surgery Centers
Others
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North America Endoscopic Retrograde Cholangiopancreatography Market Key Players:
Hobbs Medical Inc (US)
Steris PLC (US)
Merit Medical Systems, Inc. (US)
TeleMed Systems, Inc. (US)
Kimberly-Clark Corporation (US)
Boston Scientific Corporation (US)
Olympus Corporation (US)
Medtronic (US)
Ambu Inc (US)
Conmed Corp (US)
Key questions answered in the North America Endoscopic Retrograde Cholangiopancreatography Market are:
- What is North America Endoscopic Retrograde Cholangiopancreatography?
- What was the North America Endoscopic Retrograde Cholangiopancreatography market size in 2023?
- What is the growth rate of the North America Endoscopic Retrograde Cholangiopancreatography Market?
- Which are the factors expected to drive the North America Endoscopic Retrograde Cholangiopancreatography market growth?
- What are the different segments of the North America Endoscopic Retrograde Cholangiopancreatography Market?
- What growth strategies are the players considering to increase their presence in North America Endoscopic Retrograde Cholangiopancreatography?
- What are the upcoming industry applications and trends for the North America Endoscopic Retrograde Cholangiopancreatography Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the North America Endoscopic Retrograde Cholangiopancreatography Market?
- What segments are covered in the North America Endoscopic Retrograde Cholangiopancreatography Market?
- Who are the leading companies and what are their portfolios in North America Endoscopic Retrograde Cholangiopancreatography Market?
- What segments are covered in the North America Endoscopic Retrograde Cholangiopancreatography Market?
- Who are the key players in the North America Endoscopic Retrograde Cholangiopancreatography market?
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