Submucosal Injection Agent Market REPORT OVERVIEW
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The global submucosal injection agent market size is expected to be USD 102.7 million in 2022 and the market is projected to touch USD 199.62 million by 2031, exhibiting a Compound annual growth rate (CAGR) of 7.7% during the forecast (2024-2031). In the market study, our analysts have considered submucosal injection agent players such as GI Supply (U.S.), Boston Scientific (U.S.), Boston Scientific (U.S.), The Standard (U.S.) and Micro-Tech Endoscopy (U.S.)
The Submucosal Injection Agent industry refers to the industry that deals with the development, production, and commercialization of injectable agents that are used in submucosal injections. It is a type of medication or solution that is injected into the submucosal layer of tissue beneath the mucous membrane of the body, usually in the gastrointestinal (GI) tract. The submucosal layer is a thin layer of tissue that lies just beneath the mucosa and contains blood vessels, nerves, and other structures.
They are commonly used during endoscopic procedures, such as colonoscopies or upper endoscopies, to help with diagnostic or therapeutic interventions. The injection of the agent into the submucosal layer can help lift and separate the mucosa from underlying tissue, providing better visualization and access for the endoscopist. Some common submucosal agent used during endoscopy include saline, epinephrine, and dextrose. Other agents, such as steroids or hyaluronic acid, may also be used for specific indications. The choice of injection agent will depend on the individual patient's needs and the specific endoscopic procedure being performed.
COVID-19 Impact: Industry Shutdown Causes Market Distortion
The COVID-19 outbreak caused problems for manufacturers of healthcare materials, including unstable markets, a drop in customer confidence, and difficulties with import and export commerce. The sourcing of raw materials, packaging, and distribution are all parts of the global supply chain. Due to lockdowns, moving commodities, labels, and other items has become difficult. In addition to having an immediate influence on markets, supply chains, supply and demand, and all of these other things, it also had a financial impact on the markets for healthcare. The pandemic altered the dynamics of the industry, compelling organizations to redesign every aspect of their operational frameworks in order to preserve stability amidst the disturbances. Aside from that, the companies' business operations have been affected by the outbreak, which has an effect on the overall healthcare industry. This has partially impacted the submucosal injection agent industry.
LATEST TRENDS
"Digital Technologies to Boost the Market Growth"
The increasing use of digital technologies in endoscopy procedures is having a significant impact on the submucosal injection agent industry. This key trend is boosting the overall market. Digital technologies are being used to guide the delivery of submucosal agents, ensuring accurate placement and reducing the risk of adverse events. One way that digital technologies are being used in submucosal injection procedures is through the use of real-time imaging. Endoscopes equipped with high-definition cameras and other imaging technologies allow physicians to visualize the submucosal layer in real-time, providing a clear view of the injection site and allowing them to deliver the submucosal agent precisely. In addition to real-time imaging, digital technologies are also being used to plan and simulate procedures before they are performed. Furthermore, digital technologies are also being used to monitor patients during and after submucosal injection procedures. As digital technologies continue to evolve, they are likely to have an even greater impact on the industry. Thus, a key trend that is opening up potential for the industry to grow is the increasing use of digital technologies in endoscopy procedures. These new developments are mostly to blame for the market's overall growth.
Submucosal Injection Agent Market SEGMENTATION
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- By Types
Based on type, the market is classified into syringe type & ampoule type.
- By Application
Based on the market is categorized into hospitals, ambulatory surgical centers & specialty clinics.
DRIVING FACTORS
"Gastrointestinal Diseases that Give the Market Extra Boost"
The increasing prevalence of gastrointestinal diseases is a key driver of the submucosal injection agent industry. Gastrointestinal diseases, such as colorectal cancer, inflammatory bowel disease, and Barrett's esophagus, among others, often require endoscopic procedures, including submucosal injections, for diagnosis and treatment. Colorectal cancer is the third most commonly diagnosed cancer and the second leading cause of cancer-related deaths worldwide. It is often detected through colonoscopy, which may require submucosal injections for tissue sampling or removal of polyps. Barrett's esophagus, a condition where the lining of the esophagus changes, often requires endoscopic procedures with submucosal injections for tissue sampling and biopsy. Other gastrointestinal diseases, such as gastric cancer, esophageal cancer, and pancreatic cancer, also require endoscopic procedures with submucosal injections. As the prevalence of gastrointestinal diseases continues to rise globally, the demand for submucosal agent is expected to increase. As a result, the growth, and the growing demand for increasing prevalence of gastrointestinal diseases will boost the market. It will contribute to the expansion of the healthcare industry and it will improve the overall submucosal injection agent market growth.
"Invasive Surgery to Encourage Market Expansion"
The growing demand for minimally invasive surgeries is a significant driver of the submucosal injection agent industry. It enables endoscopic procedures to be performed with greater precision and safety, making them an attractive option for patients and physicians. Minimally invasive surgeries, including endoscopic procedures, are associated with shorter recovery times, reduced pain and scarring, and a lower risk of complications compared to traditional surgeries. Submucosal injections are commonly used in endoscopic procedures, including polypectomy, endoscopic mucosal resection (EMR), and endoscopic submucosal dissection (ESD), to lift the mucosal layer and create a space for safe and precise dissection of lesions. Endoscopic devices have become more sophisticated, allowing for better visualization and improved control during procedures. As a result, it has become an essential tool for endoscopists to perform safe and effective procedures. As a result, these factors are collectively promoting market expansion, increasing company revenues. As a result, above mentioned factors will help the market to boost.
RESTRAINING FACTORS
"High Cost to Impede Market Expansion"
The factor hindering the market is the high cost of injection agents. These agents can be expensive, and this can limit their adoption in certain markets or by certain patients. These limitations limit the market's overall growth. This may be a significant issue limiting market expansion. If this problem is fixed, the market will start to grow right away.
Submucosal Injection Agent Market REGIONAL INSIGHTS
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"North America Dominating the Market Across the Globe"
The market for submucosal injection agent in North America has benefited from the region's expanding industrial development, and various driving factors which has increased the potential sectors as this region is the largest user of the product. The key factor driving the growth of the submucosal injection agent market share is the growing demand of product use in hospitals, ambulatory surgical centers & specialty clinics one of the major reasons to drive the market. Rapid urbanization developments will further boost the overall market.
KEY INDUSTRY PLAYERS
"Leading Manufacturers to Boost Product Demand"
Study includes information on the market players and where they stand within the sector. Data is being collected and made available through proper research, mergers, technical advancement, growing production facilities, and cooperation. The study on materials offers details on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more.
List of Market Players Profiled
- GI Supply (U.S.)
- Boston Scientific (U.S.)
- Boston Scientific (U.S.)
- The Standard (U.S.)
- Micro-Tech Endoscopy (U.S.)
REPORT COVERAGE
The study goes into great detail about market segmentation by type and application. The study examines a broad range of participants, including existing and potential market leaders. A considerable market expansion is anticipated as a result of several important factors. In order to provide market insights, the research additionally analyses elements that are probably to boost submucosal injection agent market share. The report makes forecasts for market expansion during the projected time period. The objective of the regional study is to explain why one region dominates the worldwide market. There are a lot of issues that have all been carefully considered that prevent the industry from growing. The research also contains a market strategic analysis. It includes thorough market information.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 102.7 Million in 2022 |
Market Size Value By |
US$ 199.62 Million by 2031 |
Growth Rate |
CAGR of 7.7% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the submucosal injection agent market expected to touch by 2031?
Based on our research, the submucosal injection agent market is projected to touch USD 199.62 million by 2031.
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What CAGR is the submucosal injection agent market expected to exhibit by 2031?
The submucosal injection agent industry is expected to exhibit a CAGR of 7.7% by 2031.
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Which are the driving factors of the submucosal injection agent market?
Gastrointestinal diseases that give the submucosal injection agent market extra boost & invasive surgery to encourage market expansion.
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What is the restraining factor of the submucosal injection agent market?
High cost to impede submucosal injection agent market expansion.