Sphincterotomes Market Analysis

Product (pull-type, push-type, needle type, shark’s fin type)

The pull-type sphincterotomes market are anticipated to grab the largest share by 2036 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: