Transparency Market Research in its new report titled, “Endoscopic Mucosal Resection Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the immunohematology market. The TMR report anticipates that the strong prevalence of cancer coupled with healthy uptake of new technologies by the healthcare professionals in the developed countries will drive the immunohematology market during the forecast period i.e, 2018-2026.
Additionally, market players are collaborating with original equipment manufacturers as well as hospital organization to expand their geographical presence and generate new sales leads, says the report.
According to TMR, endoscopic mucosal resection makes for an alternate to surgeries that is less invasive when it comes to removing abnormal tissues, and is now frequently used to treat conditions such as cancer of the small intestine, esophageal cancer, colon polyps, stomach or gastric cancer, and Barrett’s esophagus.
On the other hand, risks such as bleeding and puncture, narrowing of the esophagus, and the strong lack of professionals to operate these advanced equipment are some of the challenges obstructing the market from attaining greater profitability. Bleeding is a common complication that arises, but can be corrected, however, there is a slight chance of puncture in the wall of digestive tract. This depends on the location and size of the lesion that was removed.
New technologies are mostly devised and harnessed in the developed countries such as the U.S. and the U.K. and these countries have a much stronger rate of adoption as well. Going forward, North America and Europe are anticipated to be the primary regions of interest for the companies operating in this market, which can also be attributed to the growing prevalence of cancer.
That being said, emerging economies of China and India constitute for more than one third of the global population and governments of these countries are investing heavily on improving the healthcare infrastructure. Consequently, Asia Pacific is also expected to transform as a region with strong potential of demand in the near future, anticipates the report.
Cook Medical, Boston Scientific Corporation, FUJIFILM Medical Systems, and Olympus are some of the notable companies currently ahead of the curve in this market, which are profiled in this report to give a better competitive analysis.
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