Endoscopic Ultrasound Needles Market

Endoscopic Ultrasound Needles Market Outlook (2022-2027)

[159 Pages Report] Progressing at a CAGR of 4.4%, the global endoscopic ultrasound needles market is projected to increase from a valuation of US$ 180.2 Mn in 2022 to US$ 223.5 Mn by the end of 2027.

Attribute	Details
Endoscopic Ultrasound Needles Market Size (2022)	US$ 180.2 Million
Sales Forecast (2027)	US$ 223.5 Million
Global Market Growth Rate (2022 to 2027)	4.4% CAGR
Share of Top 5 Market Players	50%

Sales of endoscopic ultrasound needles accounted for 1.5% share of the global special purpose needles market in 2021.

How The Market Progressed Till June 2022?

Particulars	Details
H1, 2021	4.64%
H1, 2022 Projected	4.59%
H1, 2022 Outlook	4.19%
BPS Change - H1, 2022 (O) – H1, 2022 (P)	(-) 40 ↓
BPS Change – H1, 2022 (O) – H1, 2021	(-) 45 ↓

The comparative analysis and market growth rate of global endoscopic ultrasound needles market as studied by Future Market Insights, will show a negative BPS growth in H1-2022 outlook as compared to H1-2022 projected period by 40 BPS, and, a negative BPS growth is expected in H1-2022 over H1- 2021 duration with 45 Basis Point Share (BPS).

The market observed a decline in the growth of the BPS values owed to the adverse events reported with endoscopic ultrasound needles, primarily for pain, infection, acute pancreatitis, and bleeding. This factor relates to the lowered product utilization rates, thus lowering the BPS values.

Conversely, with the introduction of the endoscopic ultrasound-guided fine-needle aspiration technique, the market for endoscopic ultrasound needles is set to witness a positive growth outlook over the forecast period. This technique is useful for the screening of diseases, and pathological diagnosis, which is an essential component of healthcare, especially after the recent advent of the global coronavirus pandemic.

The market is subject to changes as per the disease epidemiology, product adoption rate, and device regulatory dynamics, in accordance to the macro and industry factors.

Demand Analysis of Endoscopic Ultrasound Needles from 2013 to 2021 Vs Future Market Outlook for 2022 to 2027

“Rising Advancements in Endoscopic Ultrasound Needle Technology to Accelerate Market Growth”

Demand for endoscopic ultrasound needles rose at a CAGR of 4.4% from 2013 to 2021.

Endoscopic ultrasound (EUS) is a minimally invasive treatment that uses both visual and ultrasonic imaging to examine the thoracic and abdominal areas. The rising prevalence of gastrointestinal and stomach cancer around the world is expected to have a significant impact on the market. The market is predicted to see significant expansion due to the growing elderly population.

Physicians are focusing on using high-definition endoscopic ultrasound needle technology and endoscopic ultrasound biopsy needles using better technology to get more accurate images of the gastrointestinal tract as compared to ultrasound and offer minimally invasive access to areas that are difficult to reach.

Manufacturers in the endoscopic ultrasound needles market are focusing on providing fine needle biopsy (FNB) technology to provide information on tissue architecture and a large amount of tissue for another ancillary testing.

Recently FNB devices have become commercially available and studies have also shown FNB needles to be more appropriate with greater accuracy than FNA needles. This is likely to drive demand for FNB needles in the endoscopic ultrasound needles market.

The market for endoscopic ultrasound needles is anticipated to rise at a CAGR of 4.4% over the forecast period of 2022 to 2027.

What are the Key Drivers of the Endoscopic Ultrasound Needles Market?

“Rising Preference for Minimally-Invasive Surgeries to Boost Market Expansion”

Owing to advanced robotic devices, healthcare providers are able to perform minimally invasive and safe surgical procedures. Endoscopic surgery is gaining traction as it uses advanced technology to reach internal organs with help of small incisions resulting in less pain, and quick recovery as compared to the traditional methods of surgery. These factors are likely to drive the demand for endoscopic ultrasound needles in minimally invasive surgeries.

With the rise in digestive and lung diseases, endoscopic ultrasound is finding wide application as it is a minimally invasive procedure. Moreover, endoscopic ultrasound needles, including FNA, have emerged as a minimally-invasive alternative to exploratory surgery.

Which Factors are Restraining Demand for Endoscopic Ultrasound Needles?

“High Cost of Endoscopic Ultrasound Needles Restraining Market Growth”

Market expansion is being hampered by lack of skilled professionals with expertise in operating with endoscopic ultrasound needles.

The market for endoscopic ultrasound needles will be hindered by high costs, the risk of infection, and stringent rules and regulations imposed by numerous government organizations.

Which Region is Expected to Lead the Global Market for Endoscopic Ultrasound Needles?

Rising Prevalence of Chronic Diseases to Boost Demand for Bronchial EUS Needles in Asia Pacific

Asia Pacific is expected to emerge as the lucrative region in the endoscopic ultrasound needles market, offering profit-making opportunities for key stakeholders in the endoscopic ultrasound needles market.

Increasing incidences of chronic diseases in the region is a key factor fueling the demand for bronchial EUS needles. Rising awareness about healthcare and increasing healthcare expenditure are likely to propel market growth in the region.

Country-wise Analysis

How Lucrative is the U.S. Endoscopic Ultrasound Needles Market?

“High Adoption of EUS Techniques for Gastrointestinal Disease Treatments”

The market in the U.S. is developing due to the increasing use of advanced diagnostic methods in pulmonology, cancer, and gastroenterology, as well as the presence of key market players.

The U.S. leads the endoscopic ultrasound needles market owing to a rise in the number of diagnostic centers, the better healthcare infrastructure, growing adoption of EUS techniques for the treatment of gastrointestinal disorders.

What is the Endoscopic Ultrasound Needles Market Outlook for China?

“Rising Investments by Government Organizations for Healthcare Development”

Pharmaceutical and Biotechnology companies are focusing on establishing new production facilities in China due to the low cost of manufacturing. Moreover, the rise in investment by government organizations in the healthcare sector is also accelerating endoscopic ultrasound needles market growth.

The market in China is projected to rise attributed to the widespread adoption of endoscopy, growing awareness about early cancer diagnosis, and the rising demand for minimally invasive procedures.

Category-wise Insights

Which Product Accounts for Highest Revenue Generation?

“High Prevalence of Gastrointestinal Tract-Related Cancers to Propel Demand for Aspiration Needles (EUS-FNA)”

Aspiration needles (EUS-FNA) are expected to account for 53.7% share of the endoscopic ultrasound needles market in 2022. Endoscopic ultrasound-guided fine-needle aspiration (EUS-FNA) is widely used to diagnose both tumor and inflammatory lesions located in and adjacent to the gastrointestinal tract.

Aspiration needles (EUS-FNA) have become an integral part of the diagnosis. The rise in stomach cancer cases is driving the demand in the endoscopic ultrasound needles market including fine needle aspiration as the leading method to diagnose gastrointestinal cancer.

Growing usage of these needles in pulmonology & gastroenterology and continuous technological advancements are driving the demand for aspiration needles (EUS-FNA).

Which End User is Expected to Drive Most Demand for Endoscopic Ultrasound Needles?

“Ambulatory Surgical Centers Gaining Traction Owing to Safe Endoscopic Ultrasound Procedures & Expert Healthcare Teams”

The market can be divided into three types of end users such as hospitals, ambulatory surgical centers, and specialty clinics. Ambulatory surgical centers are projected to expand at the quickest rate because of the rising number of these centers and the increasing number of endoscopic ultrasound procedures conducted in ambulatory surgical centers.

Ambulatory surgery centers are gaining pace in the market due to the minimally invasive and non-surgical treatment that may be performed through the colon or upper GI tract.

COVID-19 Impact on Endoscopic Ultrasound Needle Consumption

The COVID-19 pandemic has had a detrimental influence on the market, resulting in significant losses in a variety of enterprises and sectors, including the endoscopic ultrasound needles industry.

Endoscopic ultrasound needles market growth has been hindered to some extent by long-term lockout constraints combined with border restrictions. Production fell as a result of the closure of industrial facilities and production units. The market for endoscopic ultrasound needles was severely harmed as a result of this.

Rapid urbanization has prompted the adoption of new technologies, resulting in lucrative growth prospects for the endoscopic ultrasound needles market. Continuous initiatives by government organizations for the development of endoscopic ultrasound needles are expected to fuel the market growth over the coming years.

Competitive Landscape

Leading manufacturers of endoscopic ultrasound needles are investing in advanced technologies and research & development activities for new product launches. Geographical expansion by collaborating with regional players is also a key focus area of endoscopic ultrasound needle suppliers.

For instance,

• In 2021, in collaboration with the ESGE (European Society of Gastrointestinal Endoscopy) and three internationally renowned EUS experts, SonoScape Medical launched the latest addition to its endoscopy product line, the linear echoendoscope EG-UC5T, in the form of a webinar, where experts discussed tricks to a successful EUS-FNA.
• In 2021, Micro-Tech Endoscopy introduced the Areus FNA Needle and Trident FNB Needle, an upgraded version of the company's endoscopic ultrasound needles.

Endoscopic Ultrasound Needles Industry Report Scope

Attribute	Details
Forecast Period	2022 to 2027
Historical Data Available for	2013 to 2021
Market Analysis	Value in US$ Million, Volume in Units
Key Regions Covered	North America Latin America Europe East Asia South Asia & Pacific Middle East & Africa (MEA)
Key Countries Covered	USA Canada Mexico Brazil Mexico Argentina Germany Italy France UK Nordic Spain Japan China India Malaysia Thailand Australia GCC Countries South Africa Turkey
Key Market Segments Covered	Product Application End User Region
Key Companies Profiled	ACE Medical Devices Pvt. Ltd. Boston Scientific Corporation CONMED Corporation Cook Group Incorporated Medi-Globe Corporation Medtronic Plc Micro-Tech Endoscopy Olympus Corporation Medline Industries, Inc. CIVCO Medical Solutions Protek Medical Products Inc. Spectra Medical Devices, Inc. Limaca-medical
Pricing	Available upon Request

Endoscopic Ultrasound Needles Industry Survey

Endoscopic Ultrasound Needles Market by Product:

• Aspiration Needles (EUS-FNA)
• Biopsy Needles (EUS-FNB)

Endoscopic Ultrasound Needles Market by Application:

• Bronchial EUS Needles
• Enteral EUS Needles

Endoscopic Ultrasound Needles Market by End User:

• Hospitals
• Ambulatory Surgical Centers
• Specialty Clinics

Endoscopic Ultrasound Needles Market by Region:

• North America Endoscopic Ultrasound Needles Market
• Latin America Endoscopic Ultrasound Needles Market
• Europe Endoscopic Ultrasound Needles Market
• East Asia Endoscopic Ultrasound Needles Market
• South Asia & Pacific Endoscopic Ultrasound Needles Market
• Middle East & Africa (MEA) Endoscopic Ultrasound Needles Market

Frequently Asked Questions

What is the expected market size for endoscopic ultrasound needles by 2027?

The global endoscopic ultrasound needles market is expected to reach a valuation of US$ 223.5 Mn by 2027.

Who are the key industry players in the global endoscopic ultrasound needles market?

ACE Medical Devices Pvt. Ltd., Boston Scientific Corporation, CONMED Corporation, Cook Group Incorporated, and Medi-Globe Corporation are key manufacturers of endoscopic ultrasound needles.

What is the CAGR of the endoscopic ultrasound needles market over the forecast period?

The endoscopic ultrasound needles market is estimated to exhibit a CAGR of 4.4% during the forecast period (2022-2027).

Which segment holds the largest market share in the endoscopic ultrasound needles market?

Aspiration needles account for 53.7% share of the endoscopic ultrasound needles market.

What are the key trends driving demand growth of endoscopic ultrasound needles?

Growing prevalence of cancer cases, rising geriatric population, and overwhelming increase in diseases requiring endoscopic ultrasound procedures are key trends driving market growth.