Endoscopic Ultrasound Needles Market Size, Share, And Growth Report 2032

Endoscopic Ultrasound Needles Market Size

The global Endoscopic Ultrasound Needles market size was worth around USD 191.32 million in 2023 and is predicted to grow to around USD 331.28 million by 2032 with a compound annual growth rate (CAGR) of roughly 6.29% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD million). The report covers a forecast and an analysis of the Endoscopic Ultrasound Needles market on a global and regional level.

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Endoscopic Ultrasound Needles Market: Overview

EUS or endoscopic ultrasound is a surgical process that is minimally invasive and includes visual and ultrasonic imaging of the thoracic and abdominal region. The endoscope provides the image of the gut’s inner walls, while the EUS needle provides ultrasound images preceding the gut wall. EUS is carried out for both therapeutic and diagnostic purposes. The EUS endoscope needle is selected on the basis of specific organs and application.

In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. Macro-economic indicators such as healthcare industry outlook, healthcare spending, research funding, GDP along with company websites, company annual reports, white papers, financial reports, and other sources have also been considered to arrive at the indicated market numbers.

The study also includes drivers and restraints for the endoscopic ultrasound needles along with the impact they have on the demand over the forecast period. Besides, the report includes the study of opportunities and trends available in the endoscopic ultrasound needles market on a global level. Healthcare providers due to the availability of advanced robotic devices are able to perform safe and minimally invasive surgeries. Endoscopic surgeries are gaining traction due to their technology to reach internal organs with the help of small incisions resulting in quick recovery and less pain as compared to traditional surgery methods. These are some of the factors driving the demand for the endoscopic ultrasound needles market globally.

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Endoscopic Ultrasound Needles Market: Segmentation

The study provides a decisive view of the endoscopic ultrasound needles market by segmenting the market based on product, application, end-user, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

Based on product the market is segmented into biopsy needles (EUS-FNB), and aspiration needles (EUS-FNA). The aspiration needles segment held the major share of the market in 2023. The market for atmospheric endoscopic ultrasound needles held the major share of the market in 2023 due to its wide range of applications in gastroenterology and pulmonology. Besides, these are also used to diagnose inflammatory lesions and tumors located in the gastrointestinal tract. Furthermore, rise in the stomach cancer cases is also boosting the market growth of this segment globally.

Based on application the market is segmented into enteral needles and bronchial needles. The enteral needles segment is likely to grow at a high CAGR in the forecast period.

Based on end users the market is bifurcated into specialty clinics, ambulatory surgical centers, hospitals, and others. The hospital's segment held the major share of the market in 2023. Due to rising lung and digestive diseases, EUS has found wide application in minimally invasive procedures. Besides, EUS needles including FNA have emerged as an alternative to the exploratory surgery procedures in the market.

Endoscopic Ultrasound Needles Market: Report Scope

Endoscopic Ultrasound Needles Market: Regional Analysis

Regional segmentation includes the current and forecast demand for Asia Pacific, North America, Latin America, Europe, and Middle East & Africa with its further bifurcation into major countries. Asia Pacific is likely to grow at high CAGR in the forecast period due to rising cases of chronic diseases and cancer. Besides, increasing healthcare expenditure and growing awareness about healthcare are other factors propelling market growth for endoscopic ultrasound needles in this region.

Endoscopic Ultrasound Needles Market: Competitive Players

The report also provides a company market share analysis in order to give a broader view of the key players in the market. Industry insights and information is delivered in the required format. ZMR develops a list of industry players (manufacturers), distributors, retailers, and industry experts. Some of the players included in the endoscopic ultrasound needles market are:

• Medi-globe
• Cook Medical
• Medtronic
• Olympus Corporation
• Boston Scientific Corporation
• ACE Medical Devices Pvt. Ltd
• CONMED Corporation.

The Global Endoscopic Ultrasound Needles Market is segmented as follows:

Global Endoscopic Ultrasound Needles Market: Product Segment Analysis

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

Global Endoscopic Ultrasound Needles Market: Application Segment Analysis

• Bronchial Needles
• Enteral Needles

Global Endoscopic Ultrasound Needles Market: End User Segment Analysis

• Hospitals
• Ambulatory Surgical Centers
• Specialty Clinics
• Others

Global Endoscopic Ultrasound Needles Market: Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa