Endoscopic Ultrasound Needles Market Introduction and Overview
According to SPER Market Research, the Global Endoscopic Ultrasound Needles Market is estimated to reach USD 0.29 billion by 2033 with a CAGR of 4.62%.
An endoscope is a tiny, tube-shaped device that is put inside the body to assess important information. Using high-frequency sound waves, a specialized endoscope is used to create detailed images of the lining of digestive tracts and surrounding organs. Needles for endoscopic ultrasound are used for both diagnosis and treatment. The market for endoscopic ultrasound needles is primarily driven by the ageing population and the rising incidence of gastrointestinal cancers. Chronic illnesses like pancreatic, liver, hepatobiliary, lung, and gastrointestinal cancers are becoming more common. There has been an increase in the manufacturing of biopsy needles technology.
- October 2023: Micro-Tech Endoscopy has introduced an enhanced form of The EUS neeedles – Areus FNA, and Trident FNB with Gastroenterologist Joel Judah. The doctor had experience in advanced endoscopy and gastroenterology practicing at Atrium Health Navicent Car, Macon, Georgia.
- October 2023: Zenith a cook medical device, Thoracic and endovascular system has been given the label of Breakthrough device from USFDA. This name is given to devices that have the ability to produce more significant and promising treatment plan.
Market Opportunities and Challenges
The market for endoscopic ultrasound needles is expected to expand during the forecast period. Due to its superior healthcare infrastructure and the increasing prevalence of gastrointestinal disorders in the United States and Canada, the North American region is the market leader for endoscopic ultrasound needles. Over the projection period Asia-Pacific is anticipated to grow at a notable rate due to the region's rapidly expanding healthcare sector, ageing population, and growing emphasis on early cancer detection. Introduction of ultra-modern and refined techniques such as EUS guided fine-needle aspiration (EUS-FNAC) has emerged as one of the most widely used therapeutic approaches for gastrointestinal cancer worldwide. In the future, exponential growth is anticipated.
The challenge faced in this market is the increasing cost of endoscopic ultrasound needles. As not everyone can afford this cost so it can hamper the market share in the coming years. Lack of skilled person and infection risks is also a part of concern. The regulations imposed by government organisation is also a restraining factor in endoscopic ultrasound needles.
Market Competitive Landscape
There is a moderate level of market consolidation in the endoscopic ultrasound needles sector. Most endoscopic ultrasound needles are made by big multinational manufacturers. Leaders in the market have a strong position because they have stronger distribution networks and greater resources for research. Additionally, an increase in awareness is causing some small businesses to emerge in Asia-Pacific, which is contributing to the market's growth. The major players in the market include: Olympus Corporation, Boston Scientific Corporation, Conmed Corporation, Cook Group-Incorporated, Medi-Globe Corporation, ACE Medical devices Pvt. Ltd., Endo-Flex Gmbh, Micro Tech Endoscopy, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product, By Application And By End User
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| Companies Covered | Olympus Corporation, Boston Scientific Corporation, Conmed Corporation, Cook Group-Incorporated, Medi-Globe Corporation, ACE Medical devices Pvt. Ltd., Endo-Flex Gmbh, Micro Tech Endoscopy
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COVID-19 Impact on Global Endoscopic Ultrasound Needles Market
The market was severely impacted by the COVID-19 pandemic, and during the early pandemic, the market suffered significant losses. The market's expansion was impeded by lockdown measures and other measures to stop the virus's spread. The COVID-19 pandemic's abrupt outbreak had a significant effect on the market as a whole. Endoscopic procedures in the UK decreased of pre-COVID levels during the lockdown and only returned to a few amounts after ten weeks. Globally, the endoscopic cancer detection rate has been dropped. But because the pandemic has now passed, biopsy procedures are continuing as usual, and as a result, the market under investigation is anticipated to increase steadily over the study's projected period.
Key Target Audience:
- Ambulatory Surgical Centres
- Gastroenterologist
- Gynaecologist
- Hospitals
- Oncologist
- Surgeons
Our in-depth analysis of the Endoscopic Ultrasound Needles Market includes the following segments:
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By Product:
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Aspiration Needles
Biopsy Needles
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By Application:
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Bronchial EUS Needles
Enteral EUS Needles
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By End User:
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Ambulatory Surgical Centres
Hospitals
Other End Users
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Key Topics Covered in the Report:
- Global Endoscopic Ultrasound Needles Market Size (FY’2023-FY’2033)
- Overview of Global Endoscopic Ultrasound Needles Market
- Segmentation of Global Endoscopic Ultrasound Needles Market By Product (Aspiration Needles, Biopsy needles)
- Segmentation of Global Endoscopic Ultrasound Needles Market By Application (Enteral EUS Needles, Bronchial EUS Needles)
- Segmentation of Global Endoscopic Ultrasound Needles Market By End Users (Ambulatory Surgical Centres, Hospitals, Others)
- Statistical Snap of Global Endoscopic Ultrasound Needles Market
- Expansion Analysis of Global Endoscopic Ultrasound Needles Market
- Problems and Obstacles in Global Endoscopic Ultrasound Needles Market
- Competitive Landscape in the Global Endoscopic Ultrasound Needles Market
- Impact of COVID-19 and Demonetization on Global Endoscopic Ultrasound Needles Market
- Details on Current Investment in Global Endoscopic Ultrasound Needles Market
- Competitive Analysis of Global Endoscopic Ultrasound Needles Market
- Prominent Players in the Global Endoscopic Ultrasound Needles Market
- SWOT Analysis of Global Endoscopic Ultrasound Needles Market
- Global Endoscopic Ultrasound Needles Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Endoscopic Ultrasound Needles Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Endoscopic Ultrasound Needles Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Endoscopic Ultrasound Needles Market
7. Global Endoscopic Ultrasound Needles Market, By Product (USD Million)
7.1. Global Endoscopic Ultrasound Needles Market Value Share and Forecast, By Product, 2023-2033
7.2. Aspiration Needles
7.3. Biopsy Needles
8. Global Endoscopic Ultrasound Needles Market, By Application (USD Million)
8.1.Global Endoscopic Ultrasound Needles Market Value Share and Forecast, By
8.2.Bronchial EUS Needles
8.3.Enteral EUS Needles
9. Global Endoscopic Ultrasound Needles Market, By End User (USD Million)
9.1.Global Endoscopic Ultrasound Needles Market Value Share and Forecast, By End User, 2023-2033
9.2.Ambulatory Surgical Centres
9.3.Hospitals
9.4.Other End Users
10. Global Endoscopic Ultrasound Needles Market Forecast, 2019-2033 (USD Million)
10.1. Global Endoscopic Ultrasound Needles Market Size and Market Share
11. Global Endoscopic Ultrasound Needles Market, By Product, 2019-2033 (USD Million)
11.1. Global Endoscopic Ultrasound Needles Market Size and Market Share By Product (2019-2026)
11.2. Global Endoscopic Ultrasound Needles Market Size and Market Share By Product (2027-2033)
12. Global Endoscopic Ultrasound Needles Market, By Application, 2019-2033 (USD Million)
12.1. Global Endoscopic Ultrasound Needles Market Size and Market Share By Application (2019-2026)
12.2. Global Endoscopic Ultrasound Needles Market Size and Market Share By Application (2027-2033)
13. Global Endoscopic Ultrasound Needles Market, By End User, 2019-2033 (USD Million)
13.1. Global Endoscopic Ultrasound Needles Market Size and Market Share By End User (2019-2026)
13.2. Global Endoscopic Ultrasound Needles Market Size and Market Share By End User (2027-2033)
14. Global Endoscopic Ultrasound Needles Market By Region, 2019-2033 (USD Million)
14.1. Global Endoscopic Ultrasound Needles Market Size and Market Share By Region (2019-2026)
14.2. Global Endoscopic Ultrasound Needles Market and Market Share By Region (2027-2033)
14.3. Asia-Pacific
14.3.1. Australia
14.3.2. China
14.3.3. India
14.3.4. Japan
14.3.5. South Korea
14.3.6. Rest of Asia-Pacific
14.4. Europe
14.4.1. France
14.4.2. Germany
14.4.3. Italy
14.4.4. Spain
14.4.5. United Kingdom
14.4.6. Rest of Europe
14.5. Middle East and Africa
14.5.1. Kingdom of Saudi Arabia
14.5.2. United Arab Emirates
14.5.3. Rest of Middle East & Africa
14.6. North America
14.6.1. Canada
14.6.2. Mexico
14.6.3. United States
14.7. Latin America
14.7.1. Argentina
14.7.2. Brazil
14.7.3. Rest of Latin America
15. Company Profile
15.1. ACE Medical Devices Pvt. Ltd.
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. Boston Scientific Corporation
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. CONMED Corporation
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. Cook Group Incorporated
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. ENDO-FLEX GmbH
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. Medi- Globe Corporations
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments
15.7. Medtronic PLC
15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary
15.7.4. Recent developments
15.8. Micro-Tech Endoscopy
15.8.1. Company details
15.8.2. Financial outlook
15.8.3. Product summary
15.8.4. Recent developments
15.9. Olympus Corporation
15.9.1. Company details
15.9.2. Financial outlook
15.9.3. Product summary
15.9.4. Recent developments
15.10. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
