What Has Been The Evolution of the Endoscopic Ultrasound Market in Recent Years?
The endoscopic ultrasound market has seen considerable growth due to a variety of factors.
• The endoscopic ultrasound market has experienced strong growth in recent years. It is expected to grow from $1.37 billion in 2024 to $1.49 billion in 2025, at a CAGR of 8.4%.
The growth can be credited to advancements in cancer research and treatment, increasing healthcare expenditure, a rise in endoscopic procedures, greater preference for early diagnosis, and the expansion of outpatient diagnostic centers.
How Will the Endoscopic Ultrasound Market?
The endoscopic ultrasound market is expected to maintain its strong growth trajectory in upcoming years.
• The endoscopic ultrasound market is projected to grow strongly, reaching $2.02 billion by 2029 at a CAGR of 8.0%.
This growth is attributed to the rising incidence of gastrointestinal disorders, demand for minimally invasive procedures, the aging population, healthcare facility expansions, and greater awareness and adoption of EUS. Trends include innovations in imaging technology, the development of portable devices, advancements in endoscopic techniques, integrated imaging systems, and digital health technology integration.
Which Factors Are Boosting Growth In The Endoscopic Ultrasound Market?
The increasing incidence of gastrointestinal diseases is expected to contribute to the growth of the endoscopic ultrasound market. Gastrointestinal diseases encompass a range of conditions affecting the digestive system, such as the stomach, intestines, liver, and pancreas. These illnesses are rising due to lifestyle changes, poor diets, and infections. Endoscopic ultrasound aids in diagnosing and treating these diseases by offering enhanced visualization and maneuverability during medical procedures. For example, in September 2024, the UK Health Security Agency reported that 270,000 people in the UK were living with hepatitis B, a common gastrointestinal illness. This increasing prevalence is driving the endoscopic ultrasound market.
What Key Areas Define The Segmentation Of The Global Endoscopic Ultrasound Market?
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
Subsegments:
1) By Endoscope: Radial Scanning Endoscopes, Linear Scanning Endoscopes
2) By Ultrasound Probe: High-Frequency Probes, Low-Frequency Probes
3) By Needle: Fine Needle Aspiration (FNA) Needles, Core Biopsy Needles
4) By Accessories: Biopsy Forceps, Injection Needles, Surgical Instruments
5) By Ultrasonic Processors: Portable Ultrasonic Processors, Stationary Ultrasonic Processors
6) By Other Products: Image Processing Systems, Cleaning And Sterilization Equipment
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What Emerging Trends Are Influencing The Growth Of The Endoscopic Ultrasound Market?
Companies in the endoscopic ultrasound market are enhancing diagnostic ultrasound systems to improve accuracy, image quality, and minimally invasive solutions. For example, in February 2024, Fujifilm India launched the ALOKA ARIETTA 850 endoscopic ultrasound system. This device offers high-quality imaging and is designed to improve diagnostic precision for gastrointestinal diseases, providing comprehensive capabilities for procedures such as fine needle aspiration and biopsy.
Who Are the Key Players In The 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
What Is The Most Dominant Region In The Endoscopic Ultrasound Market?
North America was the largest region in the endoscopic ultrasound market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the endoscopic ultrasound market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
