Endoscopic Ultrasound (EUS) Market Research and Forecast Assessing Market Size, Share, and Growth Potential 2031 | Olympus Medical, Limaca Medical, Boston Scientific Corporation

Endoscopic Ultrasound (EUS) Market Report

The global endoscopic ultrasound (EUS) market demonstrated a revenue of approximately US$ 1.5 billion in 2021 and is projected to reach US$ 2.6 billion by 2031, growing at a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2022 to 2031. Endoscopic ultrasound is a minimally invasive procedure that aids in the identification of gastrointestinal tract diseases and related organs and tissues using an endoscope and ultrasound technology.

Request To Download Sample of This Strategic Report @https://reportocean.com/industry-verticals/sample-request?report_id=bwcc17885

Factors Influencing Market Growth:

Rise in Incidences of Gastrointestinal Problems: The increasing prevalence of gastrointestinal problems, chronic diseases, and surgical procedures is driving the demand for endoscopic ultrasound. EUS provides valuable diagnostic information, leading to early detection and effective treatment.

Demand for Cutting-Edge Diagnostic Tools: Growing consumer demand for advanced diagnostic tools is contributing to market growth. Endoscopic ultrasound offers high-resolution imaging and precise localization of abnormalities, enhancing diagnostic accuracy and patient outcomes.

Increasing Healthcare Costs: The rising healthcare costs of individuals, coupled with the need for efficient and cost-effective diagnostic procedures, are driving the adoption of endoscopic ultrasound. EUS provides a comprehensive evaluation of various gastrointestinal conditions, reducing the need for multiple diagnostic tests.

Government Initiatives: Government efforts to improve healthcare facilities and provide better diagnostic options are expected to propel market growth. The focus on enhancing healthcare infrastructure and promoting early diagnosis and treatment contributes to the adoption of endoscopic ultrasound.

Rise in Ambulatory Surgical Clinics and Medical Tourism: The increasing number of ambulatory surgical clinics, along with the growth of medical tourism and the private hospital sector, is fueling the demand for endoscopic ultrasound. These healthcare settings prefer minimally invasive procedures, driving the market.

Study of the COVID-19 Pandemic:
The COVID-19 pandemic had a negative impact on the endoscopic ultrasound market. Lockdown measures and disruptions in healthcare services resulted in the temporary closure of companies and manufacturing facilities. The healthcare sector's focus shifted towards developing COVID-19-related products and addressing the immediate crisis, impacting the research and development efforts in endoscopic ultrasound. However, with the easing of restrictions and resumption of healthcare services, the market is expected to recover and continue its growth trajectory.

Get a Sample PDF copy of the report @https://reportocean.com/industry-verticals/sample-request?report_id=bwcc17885

Regional Insights:
North America dominates the endoscopic ultrasound market, driven by the high prevalence of chronic diseases, well-developed healthcare infrastructure, and the presence of key market players. However, Asia-Pacific is anticipated to experience significant growth due to the increasing prevalence of digestive disorders, improvements in the healthcare system, and the region's large population base.

Leading Competitors:
Prominent competitors in the global endoscopic ultrasound market include Olympus Medical, Limaca Medical, Boston Scientific Corporation, Smith & Nephew plc, CONMED Corporation, Medtronic Inc, Stryker Corporation, Sonoscape Medical Corp, Cook Medical, PENTAX Medical, and others.

Segmentation Analysis:
The global endoscopic ultrasound market is segmented based on product, application, end-user, and region.

Product Segmentation:

Endoscopes (Radial endoscope, Linear endoscope)
Ultrasound probes
Ultrasonic processors
Imaging system
Needles
Accessories

Download Sample Report, SPECIAL OFFER (Avail an Up-to 30% discount on this report ) @https://reportocean.com/industry-verticals/sample-request?report_id=bwcc17885

Application Segmentation:

Oncology
Pancreatic conditions
Others

End-User Segmentation:

Hospitals
Ambulatory surgery centers and clinics
Others

Region Segmentation:

North America (The U.S., Canada, Mexico)
Europe (Western Europe, Eastern Europe)
Asia Pacific (China, India, Japan, Australia & New Zealand, ASEAN)
Middle East & Africa (MEA) (UAE, Saudi Arabia, South Africa)
South America (Brazil, Argentina)

In conclusion, the global endoscopic ultrasound market is driven by the increasing prevalence of gastrointestinal problems, rising demand for advanced diagnostic tools, and government initiatives to enhance healthcare facilities. Despite the temporary impact of the COVID-19 pandemic, the market is expected to recover and grow steadily. North America currently leads the market, while Asia-Pacific exhibits significant growth potential. The segmentation based on product, application, end-user, and region provides a comprehensive understanding of the market landscape.

Access Full Report Description, TOC, Table of Figure, Chart, etc.-https://reportocean.com/industry-verticals/sample-request?report_id=bwcc17885

About Report Ocean:

We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today's competitive environment. Report Ocean is a 'one-stop solution' for individuals, organizations, and industries that are looking for innovative market research reports.

Get in Touch with Us:

Report Ocean:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 - UNITED STATES Tel: +1 888 212 3539 (US - TOLL FREE)
Website:https://www.reportocean.com/

This release was published on openPR.