Sphincterotomes Market Size

Sphincterotomes Market size is expected to reach USD 4.5 Billion by the end of 2036, growing at a CAGR of 4% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of sphincterotomes was over USD 2.84 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.