Press release
Endoscopic Ultrasound Market Report, Size, Share, Growth, Trends, Industry Analysis, Forecast to 2033
Endoscopic Ultrasound Market
The new report published by The Business Research Company, titled Endoscopic Ultrasound Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the endoscopic ultrasound market size has grown strongly in recent years. It will grow from $1.27 billion in 2023 to $1.37 billion in 2024 at a compound annual growth rate (CAGR) of 8%. The endoscopic ultrasound market size is expected to see strong growth in the next few years. It will grow to $1.88 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%.
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What Is Driving The Growth Of The Global Endoscopic Ultrasound Market?
Advancing Gastrointestinal Healthcare Through Robot-Assisted Endoscopes
The increased prevalence of gastrointestinal illnesses is expected to propel the growth of the endoscopic ultrasound market going forward. Gastrointestinal diseases refer to various medical conditions affecting the digestive system, including the stomach, intestines, liver, and pancreas. The cases of gastrointestinal illnesses are increasing due to changes in dietary habits, consumption of contaminated food or water, infections caused by pathogens, and lifestyle factors such as sedentary behavior, smoking, and alcohol consumption. Endoscopic ultrasound helps to diagnose and treat gastrointestinal illnesses by providing healthcare professionals with enhanced visualization and maneuverability during procedures, thereby improving patient outcomes and enabling early detection and intervention. For instance, in January 2023, according to the American Cancer Society (ACS), a US-based health organization dedicated to eliminating cancer, gastrointestinal cancers increased by 3.18% to 348,840 compared to 338,090 in 2021 in the United States. Therefore, the increasing prevalence of gastrointestinal illnesses drives the endoscopic ultrasound market.
What Is The Key Trend In The Global Endoscopic Ultrasound Market?
Technological Advancements In Endoscopic Ultrasound
Major companies operating in the endoscopic ultrasound market are focusing on developing diagnostic ultrasound systems to enhance diagnostic accuracy, improve image quality, and offer minimally invasive solutions. Diagnostic ultrasound systems are imaging devices that use high-frequency sound waves to create real-time visual images of internal organs, tissues, and blood flow to assist in medical diagnosis. For instance, in February 2024, Fujifilm India, an India-based imaging solutions provider, launched the ALOKA ARIETTA 850 endoscopic ultrasound machine in India. This state-of-the-art endoscopic ultrasound machine aims to enhance diagnostic precision and image clarity for gastrointestinal diseases. It improves diagnostic precision and image clarity for gastrointestinal diseases, which are increasingly common due to modern lifestyles. The key features include minimally invasive procedures for conditions such as pancreatic pseudo-cyst drainage, high-quality imaging through 7 million digital channels and comprehensive diagnostic capabilities such as fine needle aspiration (FNA) and biopsy.
How Is The Global Endoscopic Ultrasound Market Segmented?
The endoscopic ultrasound market covered in this report is segmented -
1) By Product: Endoscope, Ultrasound Probe, Needle, Accessories, Ultrasonic Processors, Other Products
2) By Application: Gastrointestinal Cancer, Lung Cancer, Pancreaticobiliary Disease, Other Applications
3) By End-Use: Hospitals, Ambulatory Surgical Centers, Other End-Users
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How Is The Competitive Landscape Of The Global Endoscopic Ultrasound Market?
Major companies operating in the endoscopic ultrasound market are Fujifilm, Stryker Corporation, Boston Scientific Corporation, B. Braun Melsungen AG, Olympus Corporation, Smith & Nephew plc, HOYA Corporation, STERIS Corporation, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Cook Medical LLC, KARL STORZ SE & Co. KG, CONMED Corporation, Asahi Intecc Co. Ltd., Max Healthcare Institute Limited, Hitachi Medical Systems America, Esaote S.p.A., SonoScape Medical Corp., Canon Medical Systems Corporation, NDS Surgical Imaging LLC, Medi-Globe Corporation, Endo Tech LLC
Contents Of The Global Endoscopic Ultrasound Market
1. Executive Summary
2. Endoscopic Ultrasound Market Report Structure
3. Endoscopic Ultrasound Market Trends And Strategies
4. Endoscopic Ultrasound Market - Macro Economic Scenario
5. Endoscopic Ultrasound Market Size And Growth
…..
27. Endoscopic Ultrasound Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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