The global endoscopic submucosal dissection market size is estimated to be USD 347 million in 2022 and is projected to reach 483 million by 2027, at a CAGR of 6.9% during the forecast period. The rising prevalence of GI cancer and disorders across the globe and the growing elderly population are expected to increase the adoption of ESD procedures in the coming years.
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Key Market Players:
The prominent players in the endoscopic submucosal dissection market are Olympus Corporation (Japan), Boston Scientific Corporation (US), FUJIFILM Holdings Corporation (Japan), Sumitomo Bakelite Co., Ltd. (Japan), Creo Medical (UK), Medtronic (Ireland), MTW Endoskopie Manufaktur (Germany), HOYA Corporation (Japan), Ovesco Endoscope AG (Germany), Zeon Medical Inc. (Japan), KARL STORZ SE & Co. KG (Germany), ConMed Corporation (US), Micro-tech Endoscopy (China), Cook Group (US), Steris PLC (Ireland), Leo Medical Co., Ltd. (China), Erbe Elektromedizin GmbH (Germany), Taewoong Medical (South Korea), DCC Healthcare (Ireland), Kossen Co., Ltd. (South Korea), Innova Medica SPA (Italy), Jiangsu Vedkang Medical Science and Technology Co., Ltd. (China), Hangzhou AGS MedTech Co., Ltd. (China), and Beijing ZKSK Technology Co., Ltd. (China).
Olympus Corporation is a manufacturer of optics and reprography products. Olympus primarily operates in four segments, namely, Endoscopic Solutions, Therapeutic Solutions, Scientific Solutions, and Others. The company provides endoscopic submucosal dissection products through its Therapeutic Solutions segment.
FUJIFILM Holdings Corporation operates in four business segments—Healthcare, Material Solutions, Imaging, and Business Innovation. The Healthcare segment operates in the fields of healthcare, highly functional materials, graphic systems, and recording media.
Medtronic is a medical technology company that manufactures, designs, develops, and markets a wide range of solutions and medical devices used to treat cardiac, spinal, neurological, vascular, and chronic conditions.
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The Asia Pacific market is expected to grow at a higher CAGR during the forecast period
The APAC market is expected to grow at the highest rate during the forecast period. Factors such as the growing number of hospitals, improving healthcare infrastructure, increasing healthcare expenditure, growing patient population, and surging demand for minimally invasive surgeries are boosting the growth of the endoscopic submucosal dissection market in the Asia Pacific.
Recent Developments:
· FUJIFILM Holdings Corporation (Japan) acquired Diagnostic Imaging-related Business (the Business), Hitachi, Ltd.. This acquisition helped in the expansion of the medical systems business of FUJIFILM Corporation.
· Olympus Corporation (Japan) acquired Quest Innovations B.V. (Netherlands). The acquisition enabled Olympus to strengthen its surgical endoscopy capabilities and incorporate Quest's advanced FIS capabilities into its comprehensive medical imaging portfolio.
· Creo Medical Group PLC (UK) acquired Boucart Medical SRL (Belgium). Creo Medical Group completed the acquisition of Boucart Medical SRL, the largest independent supplier of gastrointestinal endoscopy consumables in Belgium and Luxembourg.
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