Endoscopic Ultrasound Needles Market Huge Growth in Future Scope 2024-2032 | Boston Scientific Corporation,,Medtronic

The expansion of the market is attributed to several factors, including the growing incidence of gastrointestinal cancer, technological innovations, and the rising occurrence of pancreaticobiliary cancers. For example, according to the American Cancer Society's projections for 2023, roughly 64,050 new pancreatic cancer cases are anticipated in the U.S., with approximately 50,550 fatalities expected due to pancreatic cancer. Lung cancer is the leading cause of cancer fatalities globally; the Lung Cancer Research Foundation states that 1 in 16 individuals will be diagnosed with lung cancer at some point in their lives.

Endoscopic ultrasound needles are used for both therapeutic and diagnostic purposes. The major growth driver in the endoscopic ultrasound needles market is the increasing geriatric population and the growing prevalence of gastrointestinal cancers. There has been a rising prevalence of chronic diseases, like pancreatic, liver, hepatobiliary, lung, and gastrointestinal cancers, with patients increasingly preferring minimally invasive surgical procedures. Growing technological advancements related to endoscopic ultrasound needles are likely to fuel the expansion of the endoscopic ultrasound needles market in the coming years.

The global endoscopic ultrasound market size was estimated at USD 1.37 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 6.73% from 2024 to 2032.

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Major Players in Endoscopic Ultrasound Needles Markets are:
Boston Scientific Corporation,Medtronic,ConMed,Olympus Corporation,Steris,SonoScape Medical Corp.,PENTEX Medical,FUJIFILM India Private Limited,Cook Medical

Industry News:

May 2022: Limaca Medical announced that they had received breakthrough device designation from the FDA for its Precision-GI endoscopic ultrasound biopsy needle. It is an automated, rotational cutting needle aiming to decrease sample tissue fragmentation, inadequate sample amount, and blood contamination.

November 2021: SonoScape Medical launched the latest addition to its endoscopy product line, the linear echoendoscope EG-UC5T, in the format of a webinar in collaboration with the ESGE (European Society of Gastrointestinal Endoscopy) and three globally renowned EUS experts, where experts discussed tricks to achieve a successful EUS-FNA.

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Global Endoscopic Ultrasound Needles Market Segmentation:

Product Outlook:
Endoscope
Ultrasound Probe
Needle
Accessories
Ultrasonic Processors

Application Outlook:
Gastrointestinal Cancer
Lung Cancer
Pancreaticobiliary Disease
Others

End-use Outlook:
Hospitals
Ambulatory Surgical Centers
Others

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The following areas and countries are covered in the worldwide Endoscopic Ultrasound Needles Market file:

North America (US, Canada, Mexico)
Europe (Germany, France, UK, Russia, Italy)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE), Egypt, Nigeria, and South Korea)

The North American endoscopic ultrasound needles market has dominated globally. This is due to the growing use of advanced diagnostic procedures in pulmonology, oncology, and gastroenterology in Canada and the United States and the presence of major market players in the region. The presence of such a high incidence rate creates a demand for procedures to diagnose and treat such diseases. This has thus helped the endoscopic ultrasound needles market grow. Moreover, there is a growing use of advanced diagnostic procedures in pulmonology, oncology, and gastroenterology in North American countries of Canada and the United States.

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Key Features of the Endoscopic Ultrasound Needles Market Report: -

Analyze competitive developments such as expansions, deployments, new product launches, and market acquisitions.

Examine the market opportunities for stakeholders by identifying higher growth sections.

To study and analyze the global Endoscopic Ultrasound Needles Market industry status and forecast including key regions.

An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.

It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.

It helps you make strategic business decisions and investment plans.
Finally, Endoscopic Ultrasound Needles Market is a valuable source of guidance for individuals and companies.

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