Endoscopic Stricture Management Device Market Size

Endoscopic Stricture Management Device Market Size

Endoscopic Stricture Management Device Market size was valued at USD 881 million in 2023 and is expected to reach USD 1.4 billion by 2032 growing at a CAGR of 5.8% over the analysis period. The market is driven by several factors, including ongoing technological advances in endoscopic stricture management devices, increasing prevalence of diseases leading to strictures, and increasing awareness towards early diagnosis of strictures. Additionally, increase in minimally invasive surgical procedures using endoscopes is also driving the demand for endoscopic stricture management devices globally.

To get key market trends

  Download Free Sample

The growing occurrence of conditions that result in strictures, such as gastroesophageal reflux disease (GERD), inflammatory bowel disease (IBD), colorectal cancer, and biliary diseases is fuelling the need for efficient endoscopic interventions. According to a study published by British Medical Journal in February 2023, total cases of IBD during 1990 – 2019 increased by about 47.45%. Endoscopic stricture management devices offer a less invasive approach to treating strictures that occurs due to such gastric disorders. As a result, with the growing prevalence of gastric disorders such as IBD and GERD, the demand for endoscopic stricture management devices is increasing globally.