This site uses cookies, including third-party cookies, that help us to provide and improve our services. Privacy Policy

Endoscopy Ultrasound Market

Endoscopy Ultrasound Market

Endoscopy Ultrasound Market Analysis by Product (Endoscope, Endoscopy Ultrasound Probe, Endoscopy Ultrasonic Processor), by Technology (Radial Scanning, Linear Scanning), by Procedure (Upper Endoscopy Ultrasound, Guided Fine-needle Aspiration) & Regional Forecast 2022-2032

Endoscopy Ultrasound Market
FACT4689MR
  • Apr-2022
  • List of Tables : 42
  • List of Figures : 99
  • 170 Pages
  • Healthcare

Endoscopy Ultrasound Market Outlook (2022-2032)

The global endoscopy ultrasound market was worth around US$ 997 Million in 2022 and is expected to grow at a CAGR of 5.7% during the forecast period, reaching a value of nearly US$ 1.85 Billion in 2032. The market is likely to be driven by an increase in the usage of endoscopy ultrasound methods due to their improved accuracy in the diagnosis and treatment of gastrointestinal (GI) illnesses from 2022 to 2032.

Report Attributes

Details

Anticipated Base Year Value (2021)

US$ 997 Million

Expected Market Value (2022)

US$ 1.06 Billion

Projected Forecast Value (2032)

US$ 1.85 Billion

Global Growth Rate (2022-2032)

5.7% CAGR

Growth Rate of the U.S (2022-2032)

5.7% CAGR

Expected Market Value of China (2032)

US$ 1.1 Billion

Key Endoscopy Ultrasound Service Providers

  • Olympus Corporation
  • PENTAX Medical (HOYA Corporation)
  • FUJIFILM Corporation

Endoscopy Ultrasound Market Revenue Analysis 2015-2021 vs. Future Outlook 2022-2032

During the forecast period from 2022 to 2032, the endoscopy ultrasound market is expected to grow at a CAGR of 5.7%. Technology advancement and increased awareness are other major development factors. Endoscopic ultrasonography methods are much less expensive than other treatments such as Endoscopic Retrograde Cholangiopancreatography (ERCP).

Endoscopic ultrasound (EUS) is a sort of minimally invasive endoscopic treatment used to diagnose gastrointestinal and lung problems by healthcare professionals. The rising prevalence of gastrointestinal cancer has demanded the increased use of endoscopic ultrasonography techniques.

The high success rates of EUS are often regarded as a major reason for its growing popularity. The present COVID-19 pandemic, on the other hand, is instilling caution in healthcare staff to limit elective treatments in order to lower the chance of transmission.

Avail customized purchase options for your needs

Prominent Endoscopy Ultrasound Industry Growth Drivers

Increasing Popularity in Various Application is a Primary Driver

Endoscopy ultrasound (EUS) has major applications in the diagnosis of gastrointestinal cancers, including pancreatic, liver, and other cancers, and the rising prevalence of gastrointestinal cancers is driving global demand for endoscopy ultrasound products such as endoscopes, probes, and EUS needles.

According to the American Cancer Society, (ACS Pancreatic cancer will be diagnosed in around 62,210 persons (32,970 males and 29,240 women) in 2022. Pancreatic cancer will kill around 49,830 persons (25,970 men and 23,860 women). Pancreatic cancer accounts for around 3% of all malignancies in the United States and approximately 7% of all cancer fatalities.

It affects men slightly more than women. According to the GLOBOCAN 2020 study, liver cancer is the fourth most common cancer in Asia, accounting for more than 70% of all new liver cancer cases globally.  The rise in GI cancer incidence, new and creative product offerings by market participants, and the development of new application areas for EUS methods were some of the primary drivers driving the market in 2021. Furthermore, industry participants are concentrating on continuous innovation in their product offerings.

Endoscopy ultrasound techniques are being used in fields other than cancer, and there is a growing need for innovative endoscopy ultrasound techniques such as elastography and contrast-enhanced endoscopy ultrasonography (CE-EUS). This is increasing worldwide demand for innovative and improved products. These reasons are expected to drive the market from 2022 to 2032.

Rising Technological Advancements in Healthcare likely to drive Endoscopy Ultrasound Market Growth

While most of the recent excitement in the endoscopy/urology and gynecology area has been around automated medical procedures and difficulties with various lattices, there are several more noteworthy aspects in this space. For example, there are certain novel treatments that may be on the rise, such as high-force focused ultrasound.

Endoscopic ultrasonography is another area that is receiving a growing amount of attention these days. These advancements will fuel the expansion of the worldwide endoscopic ultrasound market in the approaching years. Furthermore, rising technological advancements in the sector of healthcare are likely to drive the growth of the worldwide endoscopic ultrasound market in the approaching years.

Key Challenges Prevalent in the Global Endoscopy Ultrasound Market

Shortage of Trained Specialists in the Industry may Impede Growth Prospects

Endoscopy ultrasound technologies are being applied in areas other than cancer, and interest in novel endoscopy ultrasound treatments, including as elastography and significantly enhanced endoscopy ultrasound (CE-EUS), is growing. This is increasing demand for innovative and advanced products in the global market. These factors are also expected to help the industry from 2022 to 2032.

The Centers for Disease Control and Prevention (CDC), the National Institutes of Health (NIH), and other organizations have established stringent plans for the training and education of skilled professionals doing endoscopic ultrasonography procedures. In any event, a lack of skilled professionals in the field, as well as a lack of preparation and training programmes in developing countries, is expected to be important limiting factors in the global endoscopy ultrasound market in the next ten years.

An Adaptive Approach to Modern-day Research Needs

Country-wise Analysis

What is the Growth Outlook for Endoscopy Ultrasound in the U.S?

Extensive Digitization of the Business Landscape widening Growth Opportunities

In 2021, North America accounted for the lion's share of the global endoscopy ultrasound market and it will continue to be dominant over the projected period from 2022 to 2032. Increased demand for more advanced diagnostic methods, as well as an increase in the frequency of gastrointestinal malignancies, are increasing the number of patients diagnosed with EUS techniques.

This is expected to increase the use of EUS products. The North American market is expected to grow at a CAGR of 5.7% during the forecast period, accounting for more than two-fifths of the market. More popularity for cutting edge indicative methods in oncology, accessibility of new and advanced items in the US, and an increase in the rate of gastric tumors were a portion of the primary factors driving the expanded utilization of endoscopy ultrasound procedures in the market in North America in 2021.

How do Growth Prospects appear in the Chinese Market?

The Chinese market is expected to be driven by a Large Patient Pool with Gastrointestinal and Pancreatic Malignancies

China is expected to grow the quickest, with a CAGR of 5% during the projection period from 2022 to 2032. The Chinese market is expected to be driven by a large patient pool with gastrointestinal and pancreatic malignancies, as well as rising penetration of EUS methods in hospitals and other healthcare settings. The utilization of EUS methods is consistently picking up speed in Asia Pacific, as indicated by the utilization of legitimate preparing and instructive projects for specialists and an increase in the inclination of social insurance providers for negligibly intrusive EUS procedures in the analysis and treatment of gastrointestinal conditions. The Asia-Pacific region will account for almost two-fifths of the worldwide endoscopy ultrasound market.

Country-wise Forecast CAGRs in the Endoscopy Ultrasound Market

U.S

5.7%

U.K

5%

China

5.7%

Japan

5.5%

South Korea

5.6%

Category-wise Insights

Why is Demand for Endoscope Rising Rapidly?

Endoscopes will take the Lion's Share, whereas Needles will Grow Significantly

Throughout the projected period, the endoscope segments will dominate the worldwide endoscopic ultrasound market. This is due to the advent of major improvements in endoscopy devices, such as transducers and upgraded cameras, which improve diagnostic process efficiency. The endoscopes category is expected to grow at a CAGR of 5.8%, accounting for more than one-third of the worldwide endoscopy ultrasound market.

Because of its reduced price and single-use nature, the needles category is expected to grow the quickest among all endoscopic goods. Endoscopic needles are in high demand, particularly for aspiration and biopsy treatments. Endoscopic needles are expected to grow 1.5x, accounting for approximately a fourth of the worldwide endoscopy ultrasound market.

Which Application will Leverage Endoscopy Ultrasound the Most?

The Oncology Sector is expected to grow at the Quickest Rate

Based on the application, Oncology, Upper GI Oncology, Lower GI Oncology, Pancreatic Conditions and Others are the market segments. During the projected period, the Oncology section is predicted to increase at the fastest rate.

This is due to a rise in the number of gastrointestinal cancer patients worldwide, as well as the increased use of minimally invasive diagnostic methods that produce extremely reliable findings.

Interested to Procure The Data

Competitive Landscape

The market leader is Olympus Corporation. It focuses on significant organic growth through the launch of new and innovative products.

  • In 2016, for example, the firm announced the release of its EZ Shot 3 Plus single-use aspiration needle for endoscopic ultrasound-fine needle aspiration (EUS-FNA) treatments. It is now producing the ProSound F75 Endoscopy Ultrasound Processor and the EU-ME2 High Quality Ultrasound Processor.
  • Similarly, FUJIFILM Corporation released its Vevo MD, an ultra-high frequency (UHF) clinical ultrasound system, in 2016 after getting FDA certification (FDA). The EG-530 UR Ultrasound Video Bronchoscope and the EG-530 UT Ultrasonic Processor SP-900 are two of its other imaging options.
  • For instance, Olympus Corporation and Hitachi, Ltd. announced today that they have agreed to work on the development of endoscopic ultrasound systems for the next five years, beginning in June 2021. Hitachi will continue to supply Olympus with diagnostic ultrasound systems and related parts used in EUS under this agreement.

Key Segments Covered in the Endoscopy Ultrasound Industry Report

  • Endoscopy Ultrasound Industry by Product

    • Endoscope
    • Endoscopy Ultrasound Probe
    • Endoscopy Ultrasonic Processor
    • Endoscopy Ultrasound Imaging Systems
    • Endoscopy Ultrasound Needles
    • Endoscopy Ultrasound Accessories
  • Endoscopy Ultrasound Industry by Procedure

    • Upper Endoscopy Ultrasound
    • Lower Endoscopy Ultrasound
    • Endoscopy Ultrasound Guided Fine-needle Aspiration
    • Other Endoscopy Ultrasound Procedures
  • Endoscopy Ultrasound Industry by Technology

    • Radial Scanning Endoscopy Ultrasound
    • Linear Scanning Endoscopy Ultrasound
  • Endoscopy Ultrasound Industry by Application

    • Endoscopy Ultrasound for Oncology
    • Endoscopy Ultrasound for Upper GI Oncology
    • Endoscopy Ultrasound for Lower GI Oncology
    • Endoscopy Ultrasound for Pancreatic Conditions
    • Endoscopy Ultrasound for Other Applications
  • Endoscopy Ultrasound Industry by End User

    • Endoscopy Ultrasound in Hospitals
    • Endoscopy Ultrasound in Specialty Clinics
    • Endoscopy Ultrasound in Ambulatory Surgery Centers
    • Endoscopy Ultrasound in Diagnostic Centers
  • Endoscopy Ultrasound Industry by Region

    • North America Endoscopy Ultrasound Market
    • Europe Endoscopy Ultrasound Market
    • Asia Pacific Endoscopy Ultrasound Market
    • Latin America Endoscopy Ultrasound Market
    • Middle East & Africa (MEA) Endoscopy Ultrasound Market

- FAQs -

As of 2021, Fact.MR estimated the Endoscopy Ultrasound market to have reached US$ 997 Million
By 2022, Fact.MR expected demand for Endoscopy Ultrasound to reach US$ 1.06 Billion
From 2015-2021, the Endoscopy Ultrasound market grew at a 4.8% value CAGR
From 2022-2032, endoscopy ultrasound demand is likely to surge at a 5.7% CAGR
By 2032, the market for endoscopy ultrasound likely to be valued at US$ 1.85 Billion
By 2032, Fact.MR expects the U.S market for Endoscopy Ultrasound to reach US$ 1.1 Billion
China is expected to register a 5.7% CAGR with regard to the Endoscopy Ultrasound industry
Japan is expected to document a CAGR worth 5.5% in the Endoscopy Ultrasound market
The endoscopes segment is expected to grow at a CAGR of 5.8% during the forecast period from 2022 to 2032
During the projected period, the linear scanning sector is expected to grow at a CAGR of 5.8%.

Need an Exclusive Report for your Unique Requirement?

- Related Reports -

Cardiac Ablation Technologies Market

Cardiac Ablation Technologies Market is projected to expand at a 11.8% CAGR by 2032. Radiofrequency ...

Ultrasound Systems Market

Global ultrasound systems to grow at a CAGR around 6%, citing market valuation of US$ 8.5 billion in...

Newborn Screening Market

Newborn Screening Market is poised to grow at a CAGR of 7.8%, reaching US$ 1.1 Billion by 2032. Newb...

Ophthalmic Ultrasound Devices Market

Ophthalmic ultrasound devices market are projected to increase at a CAGR of around 9.0% during 2022 ...

- Our Clients -

Report Client