Endoscopy Ultrasound Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2026

Published on : Apr-2020 | List of Tables : 42 | List of Figures : 99 | No. of Pages : 170 | Report Code : FACT4689MR | Format :

Increase in Incidence of Gastrointestinal Cancers to Act as Growth Levers for Endoscopy Ultrasound Market

Endoscopic Ultrasound (EUS) is a type of minimally invasive endoscopic procedure performed by healthcare specialists to diagnose gastrointestinal and lung diseases. Increase in incidences of gastrointestinal cancer has necessitated growing adoption of endoscopy ultrasound procedures. High success rates of EUS is generally attributed as a key factor behind its increasing preference. The current COVID-19 pandemic is however ingraining caution in healthcare workers to cut down on elective procedures in order to reduce risk of transmission.

Endoscopy ultrasound procedures cost much lesser than other techniques such as Endoscopic Retrograde Cholangiopancreatography (ERCP). On the back of these factors, the global endoscopy ultrasound market is projected to expand substantially at a CAGR of 5.7% during the forecast period (2020-2026). Advancement in technology and increasing awareness are also important growth drivers.

Endoscopes to Enjoy Lion’s Share, Needles to Expand Substantially

The endoscopes segments shall dominate the global endoscopy ultrasound market throughout the forecast period. This is attributed to the introduction of key innovations in endoscopy, such as transducers and enhanced cameras which increase the efficiency of diagnostic procedures. The endoscopes segment is projected to expand positively at a CAGR of 5.8%, capturing over one-third of the global endoscopy ultrasound market.

endoscopy ultrasound market 01

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The needles segment is poised to expand the fastest amongst all endoscopic products, due to their comparatively lower price and single-use feature. The demand for endoscopic needles has burgeoned especially in aspiration and biopsy procedures. The endoscopic needles segment is anticipated to expand 1.5x, capturing nearly a quarter of the global endoscopy ultrasound market.

North America Retains Hegemony, Asia-Pacific Set to Grow Rapidly in the Forecast Period

The North-American endoscopy ultrasound market shall remain the kingpin. Higher demand for more advanced diagnostic procedures, along with growing prevalence of gastrointestinal cancers are increasing the number of patients being diagnosed by EUS techniques. This is anticipated to increase adoption of EUS products. The North-American market is projected to expand positively at a CAGR of 5.8% during the forecast period, capturing over two-fifth of the market share.

endoscopy ultrasound market 02

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Asia-Pacific is poised to expand the fastest, at a CAGR of 6.4% throughout the forecast period. A large patient pool with gastrointestinal and pancreatic cancers as well as increasing penetration of EUS techniques in hospitals and other healthcare settings are anticipated to drive demand in the Asia-Pacific market. Approximately two-fifths of the global endoscopy ultrasound market shall be held by the Asia-Pacific region.

Investment in Innovative Solutions, Launch of New Products to Act as Important Growth Levers for Potential Market Players

The global endoscopy ultrasound market is highly consolidated. The top three market players account for more than 70% of the market. These players are Olympus Corporation, PENTAX Medical (HOYA Corporation) and FUJIFILM Corporation. These companies concentrate mostly on developing innovative solutions to provide quality service to key stakeholders.

Olympus Corporation is the leading player. It focuses on strong organic growth through new and innovative product introductions. For example, in 2016, the company announced the launch of its EZ Shot 3 Plus single-use aspiration needle for endoscopic ultrasound-fine needle aspiration (EUS-FNA) procedures. Currently, it manufactures the ProSound F75 Endoscopy Ultrasound Processor and the EU-ME2 High Quality Ultrasound Processor.

Similarly, FUJIFILM Corporation launched its Vevo MD, an ultra-high frequency (UHF) clinical ultrasound system in 2016 after receiving clearance from the U.S. Food and Drug Administration (FDA). Its other imaging solutions include the EG-530 UR Ultrasound Video Bronchoscope and the EG-530 UT Ultrasonic Processor SP-900.

COVID-19 Market Insights:

Amid the ongoing COVID-19 pandemic, the American Society for Gastrointestinal Endoscopy has established that all elective procedures, such as screening and surveillance colonoscopy in asymptomatic patients, surveillance for upper GI diseases such as esophageal varices, interval endoscopy for obliterating esophageal varices post-acute bleeding, evaluation of non-urgent symptoms and motility procedures must be put on hold. However, screening for upper and lower GI bleeding, dysphagia, cholangitis, symptomatic pancreaticobiliary disease, palliation of GI obstruction and cases requiring change management may continue.

Based on these trends, the global endoscopic ultrasound device companies may experience a decline in their sales and revenue. Instead, the companies are reorienting their research towards developing anti-COVID-19 formulations. For instance, Fujifilm Toyama Chemicals, the pharmaceutical division of Fujifilm, has commenced Phase III clinical trial of its antiviral influenza drug Avigan for the treatment of COVID-19 patients in Japan. The drug specifically inhibits RNA polymerase associated with influenza viral replication. According to the study data, the drug was able to shorten recovery time from 11 days to 4 days.

Other companies, such as Olympus Corporation, rely on basic precautionary measures, such as encouraging their employees to work from home. The company projects that their operations are anticipated to continue on a regular basis. However, it has imposed an international travel restriction on all its employees until further notice.

Global Endoscopy Ultrasound Market - Scope of the Report

The recent study by Fact.MR on global endoscopy ultrasoundmarket offers a 6-year forecast between 2020 and 2026. The study analyzes crucial trends that arecurrently determining the growth of the global endoscopy ultrasound market. This reportexplicates on vital dynamics such as the drivers, restraints and opportunities for key market players along with key stakeholders and emerging players associated with the manufacturing of endoscopy ultrasound devices. The study also provides dynamics that are responsible for influencing the future status of the global endoscopy ultrasound market over the forecast period.

A detailed assessment of the global endoscopy ultrasound market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the global endoscopy ultrasound market along with their product portfolio enhances the reliability of this comprehensive research study.

Global Endoscopy Ultrasound Market: Report Summary

The study offers a comprehensive analysis on diverse features including production capacities, demand, product developments, revenue generation and sales in global endoscopy ultrasound market across the globe.

A comprehensive estimate of the global endoscopy ultrasound market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of the global endoscopy ultrasoundduring the forecast period. Price point comparison by region with global average price is also considered in the study.

Global Endoscopy Ultrasound Market Segmentation

Fact.MR has studied the global endoscopy ultrasoundmarket with detailed segmentation on the basis of product, procedure, technology, application, end-userand region.

Product

Procedure

Technology

Application

End-user

Region

Endoscope

Upper EUS

Radial Scanning

Oncology:

Upper GI Oncology

Lower GI Oncology

Hospitals

North America

Ultrasound Probe

Lower EUS

Linear Scanning

Pancreatic Conditions

Specialty Clinics

Europe

Ultrasonic Processor

EUS Guided Fine-needle Aspiration

 

Others

Ambulatory Surgery Centers

Asia Pacific

Imaging Systems

Others

 

 

Diagnostic Centers

Latin America

Needles

 

 

 

 

Middle East & Africa (MEA)

Accessories

 

 

 

 

 

“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”

Global Endoscopy Ultrasound Market: Analysis on Market Size Evaluation

The global endoscopy ultrasound market has been analyzed for each market segment, in terms of value (US$ Mn).

Market estimates at global and regionallevels for endoscopy ultrasound market is available in terms of “US$ Mn” for value. A Y-o-Y growth contrast on prominent endoscopy ultrasound market segments, along with market attractiveness evaluation has been incorporated in the report.

Global Endoscopy Ultrasound Market: Inspected Assessment on Regional Segments

Key sections have been elaborated in the global endoscopy ultrasound market report, which havehelped deliver projections on regional markets. These chapters include the regional macros (economic and business environment outlook), which are expected to have a momentous influence on the growth of the global endoscopy ultrasound market during the forecast period.

Country-specific valuation on demand for endoscopy ultrasoundhas been offered for each regional market, along with the market scope, estimate and forecast, price index, and impact analysis of dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value for emerging countries has also been included in the report.

Global Endoscopy Ultrasound Market: In-Depth Analysis on Competitive Landscape

The report sheds light on the leading manufacturers of global endoscopy ultrasounddevices market along with their detailed profiles. Essential and up-to-date data andinformation related to the market performers, who are principally engaged in the production of endoscopy ultrasound devices, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which includes essentials such as product portfolio, key strategies along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through the matrix for all the prominent players thus providing the readers with actionable insights, which helps in thoughtfully presenting market status, and predicting the competition level in the global endoscopy ultrasound market. Prominent manufacturers with established market presence in the global endoscopy ultrasound market are Olympus Corporation, PENTAX Medical (HOYA Corporation) and FUJIFILM Holdings. 

1. Preface

    1.1. Market Definition and Scope

    1.2. Market Segmentation

    1.3. Key Research Objectives

    1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary: Global Endoscopy Ultrasound Market 

4. Market Overview

    4.1. Introduction

        4.1.1. Product Type Definition

        4.1.2. Industry Evolution/Developments

    4.2. Overview

    4.3. Market Dynamics

        4.3.1. Drivers

        4.3.2. Restraints

        4.3.3. Opportunities

    4.4. Global Endoscopy Ultrasound Market Analysis and Forecasts, 2020–2026

        4.4.1. Market Revenue Projections (US$ Mn)

    4.5. Porter’s Five Force Analysis

5. Market Outlook

    5.1. Price Comparison Analysis (2018)

        5.1.1. By Product 

        5.1.2. By Region

    5.2. Key Potential Customers

    5.3. Key Vendor and Distributor Analysis

    5.4. Key Industry Developments 

    5.5. Key Product/Brand Analysis

    5.6. Technological Advancement in Endoscopy Ultrasound (EUS) Market

    5.7. Diagnostic and Therapeutic Roles of Endoscopic Ultrasound

6. Global Endoscopy Ultrasound Market Analysis and Forecasts, by Product

    6.1. Introduction and Definition

    6.2. Key Findings/Developments

    6.3. Market Value Forecast, by Product, 2020–2026

        6.3.1. Endoscope 

        6.3.2. Ultrasound Probe

        6.3.3. Ultrasonic Processor 

        6.3.4. Imaging Systems 

        6.3.5. Needles   

        6.3.6. Accessories

    6.4. Market Attractiveness, by Product 

7. Global Endoscopy Ultrasound Market Analysis and Forecasts, by End-user 

    7.1. Introduction and Definition

    7.2. Key Findings/Developments

    7.3. Market Value Forecast, by End-user, 2020–2026

        7.3.1. Hospitals

        7.3.2. Ambulatory Surgery Centers

        7.3.3. Specialty Clinics

        7.3.4. Diagnostic Centers

    7.4. Market Attractiveness, by End-user 

8. Global Endoscopy Ultrasound Market Analysis and Forecasts, by Technology 

    8.1. Introduction and Definition

    8.2. Key Findings/Developments

    8.3. Market Value Forecast, by Technology, 2020–2026

        8.3.1. Radial Scanning 

        8.3.2. Linear Scanning 

    8.4. Market Attractiveness, by Technology 

9. Global Endoscopy Ultrasound Market Analysis and Forecasts, by Application 

    9.1. Introduction and Definition

    9.2. Key Findings/Developments

    9.3. Market Value Forecast, by Application, 2020–2026

        9.3.1. Oncology 

            9.3.1.1. Upper GI Oncology 

            9.3.1.2. Lower GI Oncology 

        9.3.2. Pancreatic Conditions

        9.3.3. Others

    9.4. Market Attractiveness, by Application 

10. Global Endoscopy Ultrasound Market Analysis and Forecasts, by Procedure 

    10.1. Introduction & Definition

    10.2. Key Findings/Developments

    10.3. Market Value Forecast, by Procedure, 2020–2026

        10.3.1. Upper EUS 

        10.3.2. Lower EUS

        10.3.3. EUS Guided Fine-needle Aspiration 

        10.3.4. Others

    10.4. Market Attractiveness, by Procedure 

11. Global Endoscopy Ultrasound Market Analysis and Forecasts, by Region

    11.1. Key Findings

    11.2. Market Value Forecast, by Region

        11.2.1. North America 

        11.2.2. Europe 

        11.2.3. Asia Pacific 

        11.2.4. Latin America 

        11.2.5. Middle East & Africa 

    11.3. Market Attractiveness, by Region

12. North America Endoscopy Ultrasound Market Analysis and Forecast

    12.1. Introduction

        12.1.1. Key Findings

    12.2. Market Value Forecast, by Product, 2020–2026

        12.2.1. Endoscope 

        12.2.2. Ultrasound Probe        

        12.2.3. Ultrasonic Processor 

        12.2.4. Imaging Systems 

        12.2.5. Needles   

        12.2.6. Accessories

    12.3. Market Value Forecast, by End-user, 2020–2026

        12.3.1. Hospitals

        12.3.2. Ambulatory Surgery Centers

        12.3.3. Specialty Clinics

        12.3.4. Diagnostic Centers

    12.4. Market Value Forecast, by Technology, 2020–2026

        12.4.1. Radial Scanning 

        12.4.2. Linear Scanning 

    12.5. Market Value Forecast, by Application, 2020–2026

        12.5.1. Oncology 

            12.5.1.1. Upper GI Oncology 

            12.5.1.2. Lower GI Oncology 

        12.5.2. Pancreatic Conditions

        12.5.3. Others

    12.6. Market Value Forecast, by Procedure, 2020–2026

        12.6.1. Upper EUS 

        12.6.2. Lower EUS

        12.6.3. EUS Guided Fine-needle Aspiration 

        12.6.4. Others

    12.7. Market Value Forecast, by Country, 2020–2026

        12.7.1. U.S.

        12.7.2. Canada

    12.8. Market Attractiveness Analysis 

        12.8.1. By Product 

        12.8.2. By End-user 

        12.8.3. By Technology 

        12.8.4. By Application 

        12.8.5. By Procedure 

        12.8.6. By Country

13. Europe Endoscopy Ultrasound Market Analysis and Forecast

    13.1. Introduction

        13.1.1. Key Findings

    13.2. Market Value Forecast, by Product, 2020–2026

        13.2.1. Endoscope 

        13.2.2. Ultrasound Probe        

        13.2.3. Ultrasonic Processor 

        13.2.4. Imaging Systems 

        13.2.5. Needles   

        13.2.6. Accessories

    13.3. Market Value Forecast, by End-user, 2020–2026

        13.3.1. Hospitals

        13.3.2. Ambulatory Surgery Centers

        13.3.3. Specialty Clinics

        13.3.4. Diagnostic Centers

    13.4. Market Value Forecast, by Technology, 2020–2026

        13.4.1. Radial Scanning 

        13.4.2. Linear Scanning 

    13.5. Market Value Forecast, by Application, 2020–2026

        13.5.1. Oncology 

            13.5.1.1. Upper GI Oncology 

            13.5.1.2. Lower GI Oncology 

        13.5.2. Pancreatic Conditions

        13.5.3. Others

    13.6. Market Value Forecast, by Procedure, 2020–2026

        13.6.1. Upper EUS 

        13.6.2. Lower EUS

        13.6.3. EUS Guided Fine-needle Aspiration 

        13.6.4. Others

    13.7. Market Value Forecast, byCountry/Sub-region, 2020–2026

        13.7.1. Germany

        13.7.2. U.K.

        13.7.3. France

        13.7.4. Spain

        13.7.5. Italy

        13.7.6. Rest of Europe

    13.8. Market Attractiveness Analysis 

        13.8.1. By Product 

        13.8.2. By End-user 

        13.8.3. By Technology 

        13.8.4. By Application 

        13.8.5. By Procedure 

        13.8.6. By Country/Sub-region

14. Asia Pacific Endoscopy Ultrasound Market Analysis and Forecast

    14.1. Introduction

        14.1.1. Key Findings

    14.2. Market Value Forecast, by Product, 2020–2026

        14.2.1. Endoscope 

        14.2.2. Ultrasound Probe        

        14.2.3. Ultrasonic Processor 

        14.2.4. Imaging Systems 

        14.2.5. Needles   

        14.2.6. Accessories

    14.3. Market Value Forecast, by End-user, 2020–2026

        14.3.1. Hospitals

        14.3.2. Ambulatory Surgery Centers

        14.3.3. Specialty Clinics

        14.3.4. Diagnostic Centers

    14.4. Market Value Forecast, by Technology, 2020–2026

        14.4.1. Radial Scanning 

        14.4.2. Linear Scanning 

    14.5. Market Value Forecast, by Application, 2020–2026

        14.5.1. Oncology 

            14.5.1.1. Upper GI Oncology 

            14.5.1.2. Lower GI Oncology 

        14.5.2. Pancreatic Conditions

        14.5.3. Others

    14.6. Market Value Forecast, by Procedure, 2020–2026

        14.6.1. Upper EUS 

        14.6.2. Lower EUS

        14.6.3. EUS Guided Fine-needle Aspiration 

        14.6.4. Others

    14.7. Market Value Forecast, by Country/ Sub-Region, 2020–2026

        14.7.1. China

        14.7.2. Japan

        14.7.3. India

        14.7.4. Australia & New Zealand

        14.7.5. Rest of Asia Pacific

    14.8. Market Attractiveness Analysis 

        14.8.1. By Product 

        14.8.2. By End-user 

        14.8.3. By Technology 

        14.8.4. By Application 

        14.8.5. By Procedure 

        14.8.6. By Country/Sub-region

15. Latin America Endoscopy Ultrasound Market Analysis and Forecast

    15.1. Introduction

        15.1.1. Key Findings

    15.2. Market Value Forecast, by Product, 2020–2026

        15.2.1. Endoscope 

        15.2.2. Ultrasound Probe        

        15.2.3. Ultrasonic Processor 

        15.2.4. Imaging Systems 

        15.2.5. Needles   

        15.2.6. Accessories

    15.3. Market Value Forecast, by End-user, 2020–2026

        15.3.1. Hospitals

        15.3.2. Ambulatory Surgery Centers

        15.3.3. Specialty Clinics

        15.3.4. Diagnostic Centers

    15.4. Market Value Forecast, by Technology, 2020–2026

        15.4.1. Radial Scanning 

        15.4.2. Linear Scanning 

    15.5. Market Value Forecast, by Application, 2020–2026

        15.5.1. Oncology 

            15.5.1.1. Upper GI Oncology 

            15.5.1.2. Lower GI Oncology 

        15.5.2. Pancreatic Conditions

        15.5.3. Others

    15.6. Market Value Forecast, by Procedure, 2020–2026

        15.6.1. Upper EUS 

        15.6.2. Lower EUS

        15.6.3. EUS Guided Fine-needle Aspiration 

        15.6.4. Others

    15.7. Market Value Forecast, byCountry/Sub-region, 2020–2026

        15.7.1. Brazil

        15.7.2. Mexico

        15.7.3. Rest of Latin America

    15.8. Market Attractiveness Analysis 

        15.8.1. By Product 

        15.8.2. By End-user 

        15.8.3. By Technology 

        15.8.4. By Application 

        15.8.5. By Procedure 

        15.8.6. By Country/Sub-region

16. Middle East & Africa Endoscopy Ultrasound Market Analysis and Forecast

    16.1. Introduction

        16.1.1. Key Findings

    16.2. Market Value Forecast, by Product, 2020–2026

        16.2.1. Endoscope 

        16.2.2. Ultrasound Probe        

        16.2.3. Ultrasonic Processor 

        16.2.4. Imaging Systems 

        16.2.5. Needles   

        16.2.6. Accessories

    16.3. Market Value Forecast, by End-user, 2020–2026

        16.3.1. Hospitals

        16.3.2. Ambulatory Surgery Centers

        16.3.3. Specialty Clinics

        16.3.4. Diagnostic Centers

    16.4. Market Value Forecast, by Technology, 2020–2026

        16.4.1. Radial Scanning 

        16.4.2. Linear Scanning 

    16.5. Market Value Forecast, by Application, 2020–2026

        16.5.1. Oncology 

            16.5.1.1. Upper GI Oncology 

            16.5.1.2. Lower GI Oncology 

        16.5.2. Pancreatic Conditions

        16.5.3. Others

    16.6. Market Value Forecast, by Procedure, 2020–2026

        16.6.1. Upper EUS 

        16.6.2. Lower EUS

        16.6.3. EUS Guided Fine-needle Aspiration 

        16.6.4. Others

    16.7. Market Value Forecast, byCountry/Sub-region, 2020–2026

        16.7.1. GCC Countries

        16.7.2. South Africa

        16.7.3. Rest of Middle East & Africa

    16.8. Market Attractiveness Analysis 

        16.8.1. By Product 

        16.8.2. By End-user 

        16.8.3. By Technology 

        16.8.4. By Application 

        16.8.5. By Procedure 

        16.8.6. By Country/Sub-region

17. Competition Landscape

    17.1. Market Player – Competition Matrix (By Tier and Size of companies)

    17.2. Market Share Analysis by Company (2018)

    17.3. Competitive Business Strategies

    17.4. Company Profiles

        17.4.1. Olympus Corporation 

            17.4.1.1. Company Overview (HQ, Business Segments, Employee Strength)

            17.4.1.2. Financial Overview

            17.4.1.3. Product Portfolio

            17.4.1.4. SWOT Analysis

            17.4.1.5. Strategic Overview

        17.4.2. PENTAX Medical 

            17.4.2.1. Company Overview (HQ, Business Segments, Employee Strength)

            17.4.2.2. Financial Overview

            17.4.2.3. Product Portfolio

            17.4.2.4. SWOT Analysis

            17.4.2.5. Strategic Overview

        17.4.3. FUJIFILM Corporation 

            17.4.3.1. Company Overview (HQ, Business Segments, Employee Strength)

            17.4.3.2. Financial Overview

            17.4.3.3. Product Portfolio

            17.4.3.4. SWOT Analysis

            17.4.3.5. Strategic Overview

        17.4.4. Cook

            17.4.4.1. Company Overview (HQ, Business Segments, Employee Strength)

            17.4.4.2. Product Portfolio

            17.4.4.3. SWOT Analysis

            17.4.4.4. Strategic Overview

        17.4.5. Boston Scientific Corporation

            17.4.5.1. Company Overview (HQ, Business Segments, Employee Strength)

            17.4.5.2. Financial Overview

            17.4.5.3. Product Portfolio

            17.4.5.4. SWOT Analysis

            17.4.5.5. Strategic Overview

        17.4.6. Medtronic

            17.4.6.1. Company Overview (HQ, Business Segments, Employee Strength)

            17.4.6.2. Financial Overview

            17.4.6.3. Product Portfolio

            17.4.6.4. SWOT Analysis

            17.4.6.5. Strategic Overview

        17.4.7. Esaote SpA

            17.4.7.1. Company Overview (HQ, Business Segments, Employee Strength)

            17.4.7.2. Product Portfolio

            17.4.7.3. SWOT Analysis

            17.4.7.4. Strategic Overview

        17.4.8. Medi-Globe GmbH

            17.4.8.1. Company Overview (HQ, Business Segments, Employee Strength)

            17.4.8.2. Product Portfolio

            17.4.8.3. SWOT Analysis

            17.4.8.4. Strategic Overview

        17.4.9. CONMED Corporation

            17.4.9.1. Company Overview (HQ, Business Segments, Employee Strength)

            17.4.9.2. Financial Overview

            17.4.9.3. Product Portfolio

            17.4.9.4. SWOT Analysis

            17.4.9.5. Strategic Overview

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Endoscopy Ultrasound Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2026