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Endoscopic Stricture Management Devices Market Size, Share, Opportunities, Development and Global Trend Analysis till 2026

Global Endoscopic Stricture Management Devices Market to Gather Momentum as Diagnostic Technologies Get More Accessible, Says Fortune Business Insights

Advancements in diagnostic techniques will be the key factor that will drive the global endoscopic stricture management devices market, as per a report by Fortune Business Insights, titled “Endoscopic Stricture Management Devices Market Size, Share and Global Trend By Product Type (Stent, Bougie Dilator, Balloon Dilator), By Application (Esophageal, Biliary, Colonic, Pyloric, Others), By End Users (Hospitals, Ambulatory Surgery Centres, Specialty Clinics, Others) and Geography Forecast till 2026”. The report also highlights the upcoming market trends and the factors that will be pivotal in shaping the market during the forecast period.

Browse Complete Report:

https://www.fortunebusinessinsights.com/industry-reports/endoscopic-stricture-management-devices-market-101053

List of companies mentioned in the Global Endoscopic Stricture Management Devices Market Report:

  • Boston Scientific Corporation
  • Cook, Olympus
  • HOBBS MEDICAL
  • Merit Medical Endotek
  • CONMED Corporation
  • Medi-Globe GmbH
  • Teleflex Incorporated
  • Richard Wolf GmbH
  • Ovesco Endoscopy AGGet

Endoscopy is a minimally invasive medical method which is commonly used by doctors to investigate and operate on internal organs in one’s body. The procedure does not necessitate making large incisions and can be done through a small cut in the body or even an opening such as the mouth. A stricture refers to an abnormal narrowing of a tube or canal in the body. It could be a result of a tumor or a scar. For example, esophageal cancer is known to cause malignant strictures. Endoscopic dilation is a measure generally applied to remove obstructions caused by strictures in the colon or esophagus.

Rising Prevalence of Strictures to Bolster Market Growth

A study published in the Journal of Urology found that rising obesity rates in the US is causing a unique urologic condition called buried penis. This affliction is increasing the incidence rate of urethral stricture among Americans. These facts promise great opportunities for the global endoscopic stricture management devices market growth as chronic diseases like obesity and diabetes are becoming increasingly prevalent. As the demand for stricture management devices goes up, the global endoscopic stricture management devices market size is set for steady expansion.

Increasing Instances of Esophageal Disorders to Fuel the Market     

The esophagus is a crucial body part that performs the critical function of carrying food and liquids from the mouth to the stomach. The most common disorder is the Gastroesophageal Reflux Disease (GERD), which is becoming a regular occurrence across the globe. For example, according to the International Foundation for Gastrointestinal Disorders, the GERD affects around 18 to 28% of the people in North America. This bears good news for the global endoscopic stricture management devices market expansion, since growing prevalence of GERD and other esophageal diseases would broaden the patient pool.

Sample PDF:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/endoscopic-stricture-management-devices-market-101053

However, despite having a rapidly swelling patient pool, there is worrisome lack of trained professionals and experts dealing in endoscopic stricture technology, especially in developing nations. The demand and supply mismatch will also escalate the cost procedures in these countries. The global endoscopic stricture management devices market may experience restrained growth during the forecast period as a result.

Key Segmentation:

 

  • By Product Type
  • By End-User
  • By Geography
  • By Application

 

Market Competition to Intensify with Increasing Innovations

Major participants in the global endoscopic stricture management devices market are focusing their energies on producing innovative products for the market. For example, Boston Scientific Corporation developed the AXIOS Stent and Electrocautery Enhanced Delivery System that enables minimally invasive endoscopic drainage of pancreatic pseudo-cysts. Moreover, regulatory clearances to new products will boost investment in research by companies. For example, in 2017, the FDA green signalled PENTAX Medical’s C2 CryoBalloon Ablation System that effectively treats Barrett’s Esophagus.

North America to Hold Largest Market Share; Europe to Closely Follow

North America and Europe are expected to occupy prominent positions in the global endoscopic stricture management devices market till 2026. High adoption rates of advanced devices and growing prevalence of ulcers are drivers that will push the market in North America. The market in Asia-Pacific is anticipated to grow considerably, primarily on account of Japan that is is witnessing a rising incidence rate of esophageal disorders, which will expand the global endoscopic stricture management devices market size.

Speak to Analyst:

https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/endoscopic-stricture-management-devices-market-101053

 

KEY QUESTIONS ANSWERED:

What is the market size and growth rate of the global and regional market by various segments?

What is the market size and growth rate of the market for selective countries?

Which region or sub-segment is expected to drive the market in the forecast period?

What Factors are estimated to drive and restrain the market growth?

What are the key technological and market trends shaping the market?

What are the key opportunities in the market?

What are the key companies operating in the market?

Which company accounted for the highest market share?

Why Choose Fortune Business Insights?

 

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Dale Martinez

Dale possesses an engineering degree in Electronics from the Georgia Institute of Technology. She is the sole contributor at the Healthcare IT column. Before opting to write, Dale worked at major firms such as Microsoft, Amazon, GE, Raytheon, and so on. She possesses vast knowledge about a variety of fields like IT, IoT, Telecommunications, Health Dialysis, photovoltaic, and many others. Dale is also a ballet dancer.

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