Endoscopic Ultrasound System Market Upcoming Trends and Technologies till 2028
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Endoscopic ultrasound is a minimally invasive endoscopic procedure used by surgeons and physicians to treat and diagnose various digestive (gastrointestinal) conditions such as gastrointestinal cancers, pancreatic disorders, and others. An endoscope uses high-frequency ultrasound waves in order to produce detailed images of the gastrointestinal tract lining and nearby organs such as the pancreas, liver, and gall bladder. This procedure can also be used to obtain targeted biopsies from various organs.
- Based on type, the global endoscopic ultrasound system market is segmented into endoscopy, microprocessor and ultrasound probe.
- Based on application, the market is segmented into hospital, clinic and other.
- Rise in prevalence of gastric cancer such as upper and lower GI cancers.
- Rise in adoption of endoscopy ultrasound techniques.
- Increase in incidences of chronic digestive disorders.
- Increase in investment in R&D activities for making novel products.
- Growing technological developments.
- Lack of skilled professionals.
- Lack of training programs in developing countries.
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IMPACT OF COVID-19 ON ENDOSCOPIC ULTRASOUND SYSTEM MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The lockdown caused various businesses to shut down their operations. The supply and trade chain were also disrupted. The sale of products of many market players declined as the non-urgent endoscopic procedures were canceled in order to prevent virus transmission and resulted in a reduced patient pool. As the EUS procedure are aerosol-generating procedures, fewer procedures were carried out, therefore less demand for endoscopic systems. However, the increasing number of patients for endoscopic procedures will help the market grow steadily in the future after the removal of restrictive measures.
Hitachi Medical Systems
Boston Scientific Corporation
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