[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.
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| 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.
“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.
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“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.
“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.
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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.
“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.
“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.
“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).
“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.
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.
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.
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| 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 |
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| Key Countries Covered |
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| Key Market Segments Covered |
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| Key Companies Profiled |
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| Pricing | Available upon Request |
The global endoscopic ultrasound needles market is expected to reach a valuation of US$ 223.5 Mn by 2027.
ACE Medical Devices Pvt. Ltd., Boston Scientific Corporation, CONMED Corporation, Cook Group Incorporated, and Medi-Globe Corporation are key manufacturers of endoscopic ultrasound needles.
The endoscopic ultrasound needles market is estimated to exhibit a CAGR of 4.4% during the forecast period (2022-2027).
Aspiration needles account for 53.7% share of the endoscopic ultrasound needles market.
Growing prevalence of cancer cases, rising geriatric population, and overwhelming increase in diseases requiring endoscopic ultrasound procedures are key trends driving market growth.
1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Assumptions and Acronyms Used 2.2. Research Methodology 3. Executive Summary 3.1. Global Market: Market Snapshot 4. Market Overview 4.1. Global Market: Product Overview 4.2. Global Market: Key Market Developments 4.3. Market Dynamics 4.3.1. Drivers 4.3.2. Restraints 4.3.3. Opportunities 4.4. Europe & Asia Pacific Market Revenue Projection, 2015–2025 4.5. Porter’s Five Forces Analysis 4.6. Global Market Outlook 4.7. Top 3 Players operating in Market Space 4.8. Advancements in Endoscopic Ultrasound Techniques 5. Global Market Analysis, by Product 5.1. Key Findings 5.2. Introduction 5.3. Global Market Value Share Analysis, by Product 5.4. Global Market Attractiveness Analysis, by Product 5.4.1. Aspiration needles (EUS-FNA) 5.4.2. Biopsy needles (EUS-FNB) 5.5. Global Market Value Forecast, by Product 6. Global Market Analysis and Forecast, by Application 6.1. Key Findings 6.2. Introduction 6.3. Global Market Value Share Analysis, by Application 6.4. Global Market Attractiveness Analysis, by Application 6.4.1. Bronchial needles 6.4.2. Enteral needles 6.5. Global Market Value Forecast, by Application 7. Global Market Analysis, by End-user 7.1. Key Findings 7.2. Introduction 7.3. Global Market Value Share Analysis, by End-user 7.4. Global Market Attractiveness Analysis, by End-user 7.4.1. Hospitals 7.4.2. Ambulatory surgical centers 7.4.3. Specialty clinics 7.5. Global Market Value Forecast, by End-user 8. Global Market Analysis, by Region 8.1. Key Findings 8.2. Global Market Scenario, by Country 8.3. Global Market Value Share Analysis, by Region 8.4. Global Market Value Forecast, by Region 8.4.1. North America 8.4.2. Europe 8.4.3. Asia Pacific 8.4.4. Japan 8.4.5. Latin America 8.4.6. Middle East & Africa 8.5. Global Market Attractiveness Analysis, by Region 9. North America Market Analysis 9.1. Key Findings 9.2. North America Market Overview 9.3. North America Market Value Share Analysis, by Country 9.4. North America Market Forecast, by Country 9.4.1. U.S. 9.4.2. Canada 9.5. North America Market Value Share Analysis, by Product 9.6. North America Market Forecast, by Product 9.6.1. Aspiration needles (EUS-FNA) 9.6.2. Biopsy needles (EUS-FNB) 9.7. North America Market Value Share Analysis, by Application 9.8. North America Market Forecast, by Application 9.8.1. Bronchial needles 9.8.2. Enteral needles 9.9. North America Market Value Share Analysis, by End-user 9.10. North America Market Forecast, by End-user 9.10.1. Hospitals 9.10.2. Ambulatory surgical centers 9.10.3. Specialty clinics 9.11. North America Market Attractiveness Analysis 10. Europe Market Analysis 10.1. Key Findings 10.2. Europe Market Overview 10.3. Europe Market Value Share Analysis, by Country/Sub-region 10.4. Europe Market Forecast, by Country/Sub-region 10.4.1. Germany 10.4.2. U.K. 10.4.3. France 10.4.4. Italy 10.4.5. Spain 10.4.6. Rest of Europe 10.5. Europe Market Value Share Analysis, by Product 10.6. Europe Market Forecast, by Product 10.6.1. Bronchial needles 10.6.2. Enteral needles 10.7. Europe Market Value Share Analysis, by Application 10.8. Europe Market Forecast, by Application 10.8.1. Bronchial needles 10.8.2. Enteral needles 10.9. Europe Market Value Share Analysis, by End-user 10.10. Europe Market Forecast, by End-user 10.10.1. Hospitals 10.10.2. Ambulatory surgical centers 10.10.3. Specialty clinics 10.11. Europe Market Attractiveness Analysis 11. Asia Pacific Market Analysis 11.1. Key Findings 11.2. Asia Pacific Market Overview 11.3. Asia Pacific Market Value Share Analysis, by Country/Sub-region 11.4. Asia Pacific Market Forecast, by Country/Sub-region 11.4.1. China 11.4.2. India 11.4.3. Australia & New Zealand 11.4.4. Rest of Asia Pacific 11.5. Asia Pacific Market Value Share Analysis, by Product 11.6. Asia Pacific Market Forecast, by Product 11.6.1. Aspiration needles (EUS-FNA) 11.6.2. Biopsy needles (EUS-FNB) 11.7. Asia Pacific Market Value Share Analysis, by Application 11.8. Asia Pacific Market Forecast, by Application 11.8.1. Bronchial needles 11.8.2. Enteral needles 11.9. Asia Pacific Market Value Share Analysis, by End-user 11.10. Asia Pacific Market Forecast, by End-user 11.10.1. Hospitals 11.10.2. Ambulatory surgical centers 11.10.3. Specialty clinics 11.11. Asia Pacific Market Attractiveness Analysis 12. Japan Market Analysis 12.1. Key Findings 12.2. Japan Market Overview 12.3. Japan Market Value Share Analysis, by Product 12.4. Japan Market Forecast, by Product 12.4.1. Aspiration needles (EUS-FNA) 12.4.2. Biopsy needles (EUS-FNB) 12.5. Japan Market Value Share Analysis, by Application 12.6. Japan Market Forecast, by Application 12.6.1. Bronchial needles 12.6.2. Enteral needles 12.7. Japan Market Value Share Analysis, by End-user 12.8. Japan Market Forecast, by End-user 12.8.1. Hospitals 12.8.2. Ambulatory surgical centers 12.8.3. Specialty clinics 12.9. Japan Market Attractiveness Analysis 13. Latin America Market Analysis 13.1. Key Findings 13.2. Latin America Market Overview 13.3. Latin America Market Value Share Analysis, by Country/Sub-region 13.4. Latin America Market Forecast, by Country/Sub-region 13.4.1. Brazil 13.4.2. Mexico 13.4.3. Rest of Latin America 13.5. Latin America Market Value Share Analysis, by Product 13.6. Latin America Market Forecast, by Product 13.6.1. Aspiration needles (EUS-FNA) 13.6.2. Biopsy needles (EUS-FNB) 13.7. Latin America Market Value Share Analysis, by Application 13.8. Latin America Market Forecast, by Application 13.8.1. Bronchial needles 13.8.2. Enteral needles 13.9. Latin America Market Value Share Analysis, by End-user 13.9.1. Hospitals 13.9.2. Ambulatory surgical centers 13.9.3. Specialty clinics 13.10. Latin America Market Forecast, by End-user 13.11. Latin America Market Attractiveness Analysis 14. Middle East & Africa Market Analysis 14.1. Key Findings 14.2. Middle East & Africa Market Overview 14.3. Middle East & Africa Market Value Share Analysis, by Country/Sub-region 14.4. Middle East & Africa Market Forecast, by Country/Sub-region 14.4.1. GCC 14.4.2. South Africa 14.4.3. Rest of Middle East & Africa 14.5. Middle East & Africa Market Value Share Analysis, by Product 14.6. Middle East & Africa Market Forecast, by Product 14.6.1. Aspiration needles (EUS-FNA) 14.6.2. Biopsy needles (EUS-FNB) 14.7. Middle East & Africa Market Value Share Analysis, by Application 14.8. Middle East & Africa Market Forecast, by Application 14.8.1. Bronchial needles 14.8.2. Enteral needles 14.9. Middle East & Africa Market Value Share Analysis, by End-user 14.10. Middle East & Africa Market Forecast, by End-user 14.10.1. Hospitals 14.10.2. Ambulatory surgical centers 14.10.3. Specialty clinics 14.11. Middle East & Africa Market Attractiveness Analysis 15. Competition Landscape 15.1. Market Share Analysis, by Company, 2016 15.2. Competition Matrix 15.3. Company Profiles 15.3.1. Olympus Corporation 15.3.1.1. Company Details 15.3.1.2. Business Overview 15.3.1.3. Financial Overview 15.3.1.4. Strategic Overview 15.3.1.5. SWOT Analysis 15.3.2. Medtronic Plc 15.3.2.1. Company Details 15.3.2.2. Business Overview 15.3.2.3. Financial Overview 15.3.2.4. Strategic Overview 15.3.2.5. SWOT Analysis 15.3.3. Cook Group Incorporated 15.3.3.1. Company Details 15.3.3.2. Business Overview 15.3.3.3. Financial Overview 15.3.3.4. Strategic Overview 15.3.3.5. SWOT Analysis 15.3.4. Boston Scientific Corporation 15.3.4.1. Company Details 15.3.4.2. Business Overview 15.3.4.3. Financial Overview 15.3.4.4. Strategic Overview 15.3.4.5. SWOT Analysis 15.3.5. CONMED Corporation 15.3.5.1. Company Details 15.3.5.2. Business Overview 15.3.5.3. Financial Overview 15.3.5.4. Strategic Overview 15.3.5.5. SWOT Analysis 15.3.6. Medi-Globe Corporation 15.3.6.1. Company Details 15.3.6.2. Business Overview 15.3.6.3. Financial Overview 15.3.6.4. Strategic Overview 15.3.6.5. SWOT Analysis 15.3.7. ACE Medical Devices Pvt. Ltd. 15.3.7.1. Company Details 15.3.7.2. Business Overview 15.3.7.3. Financial Overview 15.3.7.4. Strategic Overview 15.3.7.5. SWOT Analysis
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Endoscopic Ultrasound Needles Market
