Sphincterotomes Market Size, Share, Industry, Forecast and outlook (2023-2030)

A sphincterotome is an endoscopic surgical instrument used to incise the sphincter. It consists of an electrosurgical cutting wire partially covered by a Teflon catheter, and it's employed in a procedure known as sphincterotomy, which involves incising the sphincter

The global sphincterotomes market is primarily driven by increasing investments in research and development for better treatment procedures in developing economies. Additionally, the rising incidence of anal fissures and the reduction of social stigma associated with its treatment contribute to market growth.

North America holds the largest market share in the global sphincterotomes market. This is attributed to factors such as governmental and non-governmental investments in sphincterotomes, the presence of leading manufacturers, well-established reimbursement policies, and advanced healthcare infrastructure in the region.

Some key players in the global sphincterotomes market include Olympus Corporation, Boston Scientific Corporation, Cook Group Incorporated, and others. These players adopt growth strategies such as product launches, acquisitions, and collaborations to contribute to the market's growth. For instance, Boston Scientific announced the acquisition of the global surgical business of Lumenis LTD in 2021.