Endoscopic Ultrasonography (EUS) Market worth $1.93 billion by 2029
The report "Endoscopic Ultrasonography (EUS) Market by Product (Endoscopes, Ultrasound Processors, Ultrasound Needles, Probes), Type (Diagnostic, Therapeutic), Application (Oncology, GI, End User (Hospitals, Ambulatory Surgical Center) - Global Forecast to 2029"global endoscopic ultrasonography market is projected to reach USD 1.93 billion by 2029 from USD 1.37 billion in 2024, at a CAGR of 7.1%.
Browse 342 market data Tables and 63 Figures spread through 306 Pages and in-depth TOC on "Endoscopic Ultrasonography (EUS) Market by Product (Endoscopes, Ultrasound Processors, Ultrasound Needles, Probes), Type (Diagnostic, Therapeutic), Application (Oncology, GI, End User (Hospitals, Ambulatory Surgical Center) - Global Forecast to 2029"
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The overall growth in this market is driven by factors such as an increasing prevalence of gastrointestinal diseases, a growing demand for minimally invasive surgeries, technological advancements that allow better imaging and more advanced procedures, expanding healthcare infrastructure, and increasing awareness regarding the early diagnosis of diseases and its treatments. However, the high costs associated with endoscopic ultrasonography procedures, along with the limitations of endoscopic ultrasonographys, would hamper the growth of the market.
“Based on product, the endoscopes segment is expected to account for the largest share of the endoscopic ultrasonography market.”
In the forecast period, the endoscopes segment dominated the global endoscopic ultrasonography market. This significant share can be attributed to the growing demand of minimally invasive procedures by both patients and healthcare professionals, and increasing adoption of these endoscopes in both diagnostic and therapeutic applications, such as tumor detection, cancer staging, and fine-needle aspirations. Moreover, continuous advancements in endoscopy technologies contribute to the segment's substantial presence in the market.
“On the basis of type, therapeutics segment of the endoscopic ultrasonography market has accounted the second largest share in the forecast period.”
Based on type, the therapeutics segment of the endoscopic ultrasonography market accounted the second largest market share in the forecast period. This growth is subjected to the growing use of endoscopic ultrasonography devices in managing cancers, gastrointestinal lesions, and chronic pancreatitis. Furthermore, technological improvements in visualization systems and endoscopes providing high-resolutions imaging and improved needles designs to enhance procedure efficiency are driving the growth of the therapeutics segment in the endoscopic ultrasonography market.
Oncology segment is expected to account for the largest share, by application in the endoscopic ultrasonography market during the forecast period.
Based on application, the oncology segment of the endoscopic ultrasonography market accounted the largest market share in the forecast period. This growth is attributed to the increasing demand for cancer diagnostics as endoscopic ultrasonography devices are increasingly used for cancer staging, particularly gastric, rectal, pancreatic, and esophageal. Furthermore, technological advancements such as high-resolution imaging, and elastography, provide effective cancer care, thereby preferred by healthcare professionals all these factors therefore drive the growth of the oncology segment in the endoscopic ultrasonography market.
“Based on end user, ambulatory surgery centers segment holds the second-highest market share in the endoscopic ultrasonography market”.
Ambulatory surgery centers secure the second-largest market share in the endoscopic ultrasonography market. This largest share is due the increasing trend towards outpatient procedures due to their convenience and cost-effectiveness. Additionally, the rising demand for minimally invasive surgeries in these settings drives the adoption of advanced endoscopy equipment. As ambulatory surgery centers continue to grow, the demand for endoscopic ultrasonography equipment in these facilities is expected to witness steady growth during the forecast period.
“Based on Region, Europe to possess the second largest market share in the endoscopic ultrasonography market during the forecast period”.
Europe to hold second largest market share in the endoscopic ultrasonography market in the forecast period due to its rising investments towards medical technology, high adoption rates of advanced medical technologies, and increasing prevalence of gastrointestinal diseases. These factors drive demand for endoscopic ultrasonography devices, positioning Europe as one of the leading market regions.
Key Market Players:
Prominent players in the endoscopic ultrasonography market include Olympus Corporation (Japan), Medtronic (US), FUJIFILM Holdings Corporation (Japan), Boston Scientific Corporation (US), PENTAX Medical (Japan), Steris (Ireland), CONMED Corporation (US), Lepu Medical Technology(Beijing)Co., Ltd. (China), CANON MEDICAL SYSTEMS CORPORATION (Japan), Cook (US), Huaco Healthcare Technologies Co. Ltd.(China), SonoScape Medical Corp.(China), Endosound, Inc.(US), Limaca-Medical (Israel), Beijing ZKSK Technology Co., Ltd. (China), Kaigen Pharma Co., Ltd.(Japan), PIOLAX MEDICAL DEVICES, INC.(Japan), Micro-Tech Endoscopy (US), Shaili Endoscopy (India), Zhejiang Soudon Medical Technology Co., Ltd.(China), ENDO-FLEX GmbH. (Germany), Ace Medical Devices Pvt. Ltd. (India), Medi-Globe GmbH.(Arizona), Medorah Meditek Pvt. Ltd.(India), and InnerMedical Co., Ltd. (China).
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