Endoscopy Ultrasound Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Endoscopy Ultrasound Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Endoscopic Ultrasound Market

The Endoscopic Ultrasound Market size was valued at USD 83.0 billion in 2023, and the market is now projected to grow to 202.3 USD billion by 2032, exhibiting a CAGR of 6.6% during the forecast period of 2023-2030.

The pandemic has been anticipated to be a bane for the entire industrial developments of various market and fields. This has affected the overall supply and demand chains of the particular market. As a result of the government's lockdown and other steps to stop the coronavirus from spreading, all supply activities were postponed, which decreased the amount of product related to this domain. These factors affected the Endoscopic Ultrasound Market growth.

Technologically enhanced solutions that can improve clinical outcomes are being introduced to the endoscopic ultrasonography market. Technological advancements like EUS-guided fine-needle aspiration have made it possible to diagnose pancreatic cancer more accurately and early. These particular growth driving factors have been recorded to attribute the Endoscopic Ultrasound Market Share. As a result, the market for endoscopic ultrasonography has grown significantly. This is the major factor attributing the growth of this particular market. This factor is majorly involved in taking the revenue numbers above the skies and soaring greater heights and also the sales and demands have been proliferation and increased its value to greater extent.

Numerous technical developments are taking place in the spinal device sector. Two key drivers of the adoption of endoscopic ultrasound devices are the growing number of endoscopic procedures and the number of qualified specialists. It is necessary for a product market to walk with the trends in order to increases its lucracy and profits in shares and all over revenue. It is widely used to diagnose and treat stomach cancer as well as other gastrointestinal disorders. The need for echo-endoscopy equipment is growing as gastric cancer is becoming more common. In addition, it is projected that the worldwide EUS market would grow throughout the forecast years due to strategic distribution agreements between major market players and technological improvements.

Comprehensive Analysis of Endoscopic Ultrasound Market

The segmentation of this particular market has been divided and then further subdivided into various categories. The market may be divided into endoscopes, ultrasound probes, ultrasound processors, imaging systems, endoscopic ultrasound needles, and accessories based on the kind of product. The market for endoscopic ultrasounds is divided into several segments based on their applications, including pancreatic disorders and oncology. Because of the increasing incidence of gastrointestinal cancer and the quick adoption of precise and minimally invasive diagnostic methods, the oncology segment is anticipated to have significant growth throughout the forecast period. The market is divided into many segments based on the end user, such as hospitals and ambulatory surgery facilities. These particular segmentations have been categorized into such groups so that their attribution to the overall revenue systems are properly recorded studied so as to determine which is the leading and most beneficial segment of all.

North America produced millions in revenue and is anticipated to hold a dominant position in the market for the duration of the forecast. North America's supremacy in this business is due to the demand for technologically sophisticated equipment for diagnostics and treatment, as well as an increase in endoscopic surgical operations. The region is expected to maintain a significant proportion during the projected period.

Global markets are fiercely competitive and highly fragmented. Due to their creative packaging solutions, a few group of large market companies hold a fair amount of market share. Some of the major Companies includes Olympus Corporation (Japan), PENTAX Medical (Japan), FUJIFILM Holdings Corporation (Japan), Cook Medical (U.S.), Boston Scientific Corporation (U.S.), Medtronic (Ireland), Medi-Globe GmbH (Germany), and CONMED Corporation (U.S.).

In March 2021, This particular company has attributed the market growth in terms of revenue and shares system. Due to a strategic partnership between Olympus Corporation and Hitachi Medical Systems Europe, Olympus' endoscopic ultrasound sonography (EUS) scopes will now work with Hitachi's ARIETTA 850 ENDOSCOPIC ultrasound system. This particular development and investment the global market has been recorded to be a boon for the market growth.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2015-2026

Base Year 2018

Forecast Period 2019-2026

Historical Period 2015-2017

Unit Value (USD Million)

Segmentation By Product

Endoscopes

Radial Endoscopes

Linear Endoscopes

Ultrasound Probes

Ultrasonic Processors

Imaging Systems

Needles

Accessories

By Application

Oncology

Pancreatic Conditions

Others

By End User

Hospitals

Ambulatory Surgery Centers

Others

By Geography

North America (U.S. and Canada)

Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)

Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)

Latin America (Brazil, Mexico, and Rest of Latin America)

The Middle East and Africa ( South Africa, GCC, and Rest of Middle East & Africa)Please Note: It will take 5-6 business days to complete the report upon order confirmation.