Endoscopic Ultrasound Needles Market Trends, Share, Demand, Growth Drivers, Challenges, Business Opportunities and Forecast Analysis Till 2033


Endoscopic Ultrasound Needles Market Trends, Share, Demand, Growth Drivers, Challenges, Business Opportunities and Forecast Analysis Till 2033: SPER Market Research

 Category : Healthcare

 Published: Nov-2023
 Author: SPER Analyst

Global Endoscopic Ultrasound Needles Market is projected to be worth USD 0.29 billion by 2033 and is anticipated to surge at a CAGR of 4.62%.

Endoscopic ultrasound, also known as EUS, is a minimally invasive surgical technique that involves both visual and ultrasonic imaging of the abdomen and thoracic cavity. Endoscopic ultrasonography needles are a specific kind of fine tip needle that are used to take targeted gastrointestinal tract samples via the endoscope's accessory channels.

Endoscopic Ultrasound Needles Market Driving Factors and Challenges
Among the significant factors driving the market for endoscopic ultrasound needles is the rising prevalence of illnesses including pancreatic, liver and hepatobiliary, lung, and gastrointestinal malignancies. Moreover, over the projected period, the growing elderly population and the rising incidence of gastrointestinal malignancies are fuelling the growth of the global market. The market is expanding as a result of the growing usage of biopsy and aspiration needles in the diagnosis of lung cancer and pleural effusion. Similarly, throughout the forecast period stated above, the market's expansion will also be aided by the increasing use of this technology to diagnose tumours and inflammatory lesions that are situated in or next to the gastrointestinal system. In addition to the rapid technological advancements related to endoscopic ultrasound needles, the various leading and innovative manufacturers are focusing on the growth of advanced needle biopsy technology. This will further accelerate the endoscopic ultrasound needles market's expansion and present the industry with significant growth opportunities over the forecast period.

On the other hand, the absence of experts with endoscopic ultrasound needle operating experience could hinder the market's expansion. Also, the market's expansion will be constrained by the high expense of endoscopic ultrasound needles and the strict regulations enforced by multiple government agencies. The lack of professionals with endoscopic ultrasound needle operating experience, on the other hand, may pose a challenge to the market's growth. The high cost of endoscopic ultrasound needles and the stringent regulations imposed by various government agencies will, however, limit the market's growth.

Impact of COVID-19 on Endoscopic Ultrasound Needles Market
The COVID-19 pandemic had a major effect on the market, and it experienced large losses in the early stages of the pandemic. Lockdowns and other efforts to restrict the virus's spread hindered the market's growth. The sudden breakout of the COVID-19 pandemic had a major impact on the market as a whole. During the lockdown, endoscopic treatments in the UK reduced pre-COVID levels, which only partially recovered after ten weeks. The rate of endoscopic cancer detection has decreased worldwide. However, now that the epidemic has passed, biopsy procedures are going ahead as usual, and as a result, it is expected that the market under examination will grow steadily over the course of the study's predicted period.

Endoscopic Ultrasound Needles Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Olympus Corporation, Boston Scientific Corporation, Conmed Corporation, Cook Group Incorporated , Medi-Globe Corporation, ACE Medical devices Pvt. Ltd. ,Endo-Flex Gmbh, Micro Tech Endoscopy and others. 

Global Endoscopic Ultrasound Needles Market Segmentation:

By Product: Based on product, Endoscopic Ultrasound Needles Market is segmented as: Aspiration needles and Biopsy needles. 

By Application: Based on application, Endoscopic Ultrasound Needles Market is segmented as: Bronchial EUS Needles and Enteral EUS Needles. 

By End User: Based on the End User, Endoscopic Ultrasound Needles Market is segmented as; Hospitals, Ambulatory Surgical Centres and others. 

By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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