Endoscopic Retrograde Cholangiopancreatography Market size is estimated to reach USD 9.89 Billion by the end of 2035, growing at a CAGR of 12.60% during the forecast period, i.e., 2023-2035. In the year 2023, the industry size of endoscopic retrograde cholangiopancreatography was over USD 2.38 Billion.The market growth is mainly owing to the increasing prevalence of pancreatic and biliary diseases, along with the growing geriatric population. According to the American Cancer Society, pancreatic cancer is the third leading cause of cancer-related deaths in the United States. It was noted that about 60,430 people were diagnosed with pancreatic cancer in the year 2021, and about 48,220 people died from the disease. Endoscopic Retrograde Cholangiopancreatography (ERCP) is a minimally invasive medical procedure used to diagnose and treat diseases of the bile and pancreatic ducts.
In addition to this, it involves the insertion of an endoscope through the mouth into the duodenum, where a catheter is then passed through the endoscope and into the bile or pancreatic ducts. ERCP is commonly used to treat conditions such as gallstones, pancreatitis, and biliary obstruction. The prevalence of gallstone disease is estimated to be around 10-15% in the United States, with a higher incidence in women, older adults, and people with obesity. Overall, the increasing prevalence of pancreatic and biliary diseases is contributing to the growth of the ERCP Market as more patients require diagnostic and therapeutic procedures to manage their conditions. Technological advancements in ERCP devices and accessories are also estimated to contribute to the growth of the market over the forecast period.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~12.60% |
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Base Year Market Size (2023) |
~ USD 2.38 Billion |
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Forecast Year Market Size (2035) |
~ USD 9.89 Billion |
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Regional Scope |
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End-user (Hospitals, Ambulatory Surgery Centers)
The global endoscopic retrograde cholangiopancreatography market is segmented and analyzed for demand and supply by end user into hospitals, ambulatory surgery centers, and others. Out of the three types of applications, the hospitals segment is estimated to gain the largest market share of about ~35% in the year 2035. The growth of the segment can be accredited to the large number of patients requiring treatment for pancreatic conditions. The hospitals are also growing rapidly in number, which is estimated to positively influence segmental growth. For instance, by the year 2022, there were noted to be approximately 6,100 hospitals in the United States. Hospitals provide a wide range of medical care. Physicians, called hospital doctors, typically specialize in internal medicine, pediatrics, or general practice. They have the knowledge to solve common problems and the resources to solve more complex medical problems. Hospitals may also offer specialized care, such as neurology, obstetrics and gynecology, and oncology. By definition of a hospital, a county hospital is typically a primary medical facility in a region with numerous intensive care and mobile beds for patients requiring long-term care.
Product (Endoscopes, Endotherapy Devices, Energy Devices)
The global endoscopic retrograde cholangiopancreatography market is also segmented and analyzed for demand and supply by product into endoscopes, endotherapy devices, and energy devices. Amongst these three segments, the endoscopes segment is expected to garner a significant share of around ~30% in the year 2035. The growth of the segment can be accredited to technological advancements. Endoscope manufacturers are investing heavily in research and development to develop technologically advanced endoscopes that offer better imaging quality, increased durability, and improved patient comfort. This is expected to drive demand for endoscopes in the market. Endoscopes are essential for minimally invasive procedures such as ERCP, which offer several advantages over traditional open surgeries, including shorter hospital stays, reduced pain and scarring, and faster recovery times. The increasing demand for minimally invasive procedures is expected to drive the growth of the endoscopes segment. Gastrointestinal diseases, including pancreatic and biliary diseases, are becoming increasingly prevalent worldwide. Endoscopes are essential for diagnosing and treating these diseases, and as the incidence of gastrointestinal diseases continues to rise, the demand for endoscopes is expected to increase.
Our in-depth analysis of the global market includes the following segments:
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By End User |
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By Product |
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APAC Market Statistics
The endoscopic retrograde cholangiopancreatography market in the Asia Pacific is projected to hold the largest market share of about ~35% by the end of 2035. The regional growth can majorly be attributed to the increasing prevalence of pancreatic and biliary diseases. The incidence of pancreatic and biliary diseases is rising in the Asia Pacific region due to factors such as changes in dietary habits, lifestyle factors, and aging populations. Several key players in the market are increasing their focus on research and development in the Asia Pacific region to expand their product portfolio and strengthen their market position. For instance, in 2019, Olympus Corporation announced the opening of a new R&D center in India to develop innovative endoscopic technologies for the Asia Pacific market. This is expected to drive innovation and growth in the market in the region. The geriatric population is increasing in the Asia Pacific region, and this population is more susceptible to pancreatic and biliary diseases. Increasing awareness about gastrointestinal diseases and the availability of advanced diagnostic and therapeutic options is expected to drive the demand for ERCP procedures in the Asia Pacific region.
North American Market Forecast
The endoscopic retrograde cholangiopancreatography market in the North American is projected to hold the second largest share of about ~24% during the forecast period. The growth of the market in this region can primarily be attributed to technological advancements. The North American market is at the forefront of technological advancements in the market. Key players in the market are investing heavily in research and development to develop advanced endoscopes, imaging technologies, and therapeutic devices, which are expected to drive the growth of the market. The market in North America benefits from favorable reimbursement policies, which encourage the adoption of advanced medical technologies. For instance, the Centers for Medicare and Medicaid Services (CMS) in the US provide reimbursement for ERCP procedures, which is expected to drive the growth of the market. The geriatric population in North America is increasing, and this population is more susceptible to pancreatic and biliary diseases. Overall, the technological advancements, high incidence of pancreatic and biliary diseases, favorable reimbursement policies, increasing healthcare expenditure, and growing geriatric population are expected to drive the growth of the market in the North America region.
Europe Market Forecast
Further, the ERCP Market in the Europe is projected to hold a majority of the share by the end of 2035. The growth of the market can be attributed majorly to the increasing awareness about gastrointestinal diseases. The awareness about gastrointestinal diseases and the availability of advanced diagnostic and therapeutic options is increasing in Europe. This is expected to drive the demand for ERCP procedures in the region. For instance, the European Society of Gastrointestinal Endoscopy is actively involved in promoting awareness about gastrointestinal diseases and endoscopic procedures. The market in Europe benefits from favorable reimbursement policies, which encourage the adoption of advanced medical technologies. The availability of government and private insurance policies for medical procedures is expected to drive the growth of the market. The geriatric population in Europe is growing, and this population is more susceptible to pancreatic and biliary diseases. Overall, the increasing prevalence of pancreatic and biliary diseases, advancements in technology, increasing awareness about gastrointestinal diseases, favorable reimbursement policies, and growing geriatric population are expected to drive the growth of the market in Europe.
Author Credits: Radhika Gupta, Shivam Bhutani
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