Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Sphincterotomes Market size was over USD 2.92 billion in 2024 and is poised to exceed USD 4.62 billion by 2037, growing at over 3.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of sphincterotomes is estimated at USD 3.01 billion.
The market for sphincterotomes, a procedure used to treat conditions such as gallstones and bile duct disorders, is expected to grow due to the increasing incidence of these conditions. Gallbladder disease is a common condition in the United States, with an estimated 20.5 million cases and 14.2 million of them occurring in women. The most common reason for cholecystectomies, a surgical procedure to remove the gallbladder, is symptomatic gallstone disease. More than 600,000 cholecystectomies are performed each year in the United States due to the prevalence of this condition.
Further, the shift towards minimally invasive procedures fuels the demand for tools like sphincterotomes, as they are integral in endoscopic retrograde cholangiopancreatography (ERCP) procedures, which are increasingly preferred due to reduced invasiveness and quicker recovery times.
Sphincterotomes Sector: Growth Drivers and Challenges
Growth Drivers
- Increase in geriatric population - As the global population ages, there’s a higher prevalence of diseases requiring biliary interventions, augmenting the need for sphincterotomies and associated devices. As per our analysis, the number of individuals in the world who are 60 years of age or older is expected to double (to 2.1 billion) by 2050. It is anticipated that between 2020 and 2050, the number of people 80 years of age or older will triple, reaching 426 million.
- Technological Advancements- Innovations in endoscopic procedures and device technology, such as improvements in endoscope design or the development of advanced sphincterotomes. For instance, some sphincterotome's design permits the use of numerous guidewires throughout surgery and can support guidewire sizes ranging from 018 to 035".
- Increasing Awareness and Healthcare Expenditure- Heightened awareness of the advantages linked to early medical intervention, coupled with augmented healthcare investments worldwide, facilitates broader accessibility to sophisticated procedures such as sphincterotomes. This increased accessibility fuels the adoption of advanced medical techniques, contributing significantly to market expansion. As individuals become more informed about the benefits of timely medical interventions and as healthcare spending continues to rise globally, the demand for and utilization of sphincterotomes as a crucial medical solution is projected to increase significantly.
Challenges
- Procedural Risks and Complications- Sphincterotomy procedures carry inherent risks like bleeding or perforation, necessitating skilled professionals and stringent safety protocols. Perceived risks can also impact patient acceptance and procedure adoption rates.
- High costs associated with advanced medical devices and procedures pose barriers to adoption, especially in regions with limited budgets.
- Limited Access in Developing Regions.
Sphincterotomes Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
3.6% |
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Base Year Market Size (2024) |
USD 2.92 billion |
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Forecast Year Market Size (2037) |
USD 4.62 billion |
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Regional Scope |
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Sphincterotomes Segmentation
Product (pull-type, push-type, needle type, shark’s fin type)
The pull-type sphincterotomes market are anticipated to grab the largest share by 2037 amounting to 46% on account of higher positive results owing to the increasing focus and initiatives of regulatory bodies across the globe. These regulatory bodies are working towards ensuring that medical tourism is conducted safely and ethically, thereby boosting the trust and confidence of medical tourists. This, in turn, is expected to attract more medical tourists, leading to the growth of the segment. Additionally, the rise in healthcare costs in developed countries and the availability of affordable medical treatments in emerging economies are also expected to contribute to the growth of the medical tourism segment in the coming years. Further, Pull-type sphincterotomes can be used to accomplish endoscopic sphincterotomy, which is technically possible in 50–86% of patients.
End- User (Hospitals, Speciality clinics, Ambulatory Surgical Centers)
The hospital segment in the sphincterotomes market is anticipated to be the largest revenue-generating segment due to the vast number of sphincterotome-related treatments that are carried out annually throughout the world, including anorectal surgeries such as Crohn's disease repair procedures and surgeries to correct hypopadias. Over the course of the projection period, this market segment is expected to be the top revenue generator in the industry due to the anticipated increase in demand for sphincterotome devices brought about by increased knowledge of the benefits of their use in operations.
Our in-depth analysis of the global market includes the following segments:
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Product |
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End- User |
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Type |
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Customize this ReportSphincterotomes - Regional Synopsis
North American Market Forecast
North America industry is estimated to hold largest revenue share of 38% by 2037. In North America, the market is primarily driven by factors such as a higher incidence of biliary diseases due to lifestyle factors, an aging population contributing to increased cases of biliary disorders, and robust healthcare infrastructure encouraging the adoption of advanced medical procedures. Additionally, technological advancements and a strong focus on R&D foster innovation in sphincterotome devices. The region’s healthcare expenditure and favorable reimbursement policies further support market growth.
APAC Market Statistics
Asia Pacific sphincterotomes market is estimated to grow at the highest CAGR during the forecast period. Chronic illnesses like diabetes, cancer, heart disease, neurological problems, and others are becoming more common. According to statistical; data analysed by research analysts, 55% of deaths in the Asia Pacific region occur due to chronic diseases. The main market participants in the area are expected to become more competitive, which will further propel the industry's expansion. Rapid economic development in countries like China and India leads to increased healthcare expenditure, thereby boosting the market for sphincterotomes.
Companies Dominating the Sphincterotomes Landscape
- TeleMed Systems, Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Boston Scientific Corporation
- Medi-Globe GmbH
- CONMED Corporation.
- ENDO-FLEX GmbH.
- Olympus America
- Shaili Endoscopy
- Bio Serve NZ Ltd
- Advin Health Care
- Micro-Tech (Nanjing) Co., Ltd
In the News
- Due to the vast number of sphincterotome-related treatments that are carried out annually throughout the world, including anorectal surgeries such as Crohn's disease repair procedures and surgeries to correct hypopadias. Over the course of the projection period, this market segment is expected to be the top revenue generator in the industry due to the anticipated increase in demand for sphincterotome devices brought about by increased knowledge of the benefits of their use in operations.
- In tandem with other core businesses, Olympus is a global leader in technology design and delivery. The company announced the launch of its StoneMasterV and VorticCatchV EndoTherapy devices, which increase the efficiency of bile duct stone management and retrieval for endoscopic retrograde cholangiopancreatography (ERCP).
Author Credits: Radhika Pawar
- Report ID: 3140
- Published Date: Jan 03, 2025
- Report Format: PDF, PPT
