The global endoscopic ultrasound market accounted for USD 1.51 billion in 2023 and is expected to reach at USD 3.09 billion by 2034 with a CAGR of 6.74% during the forecast period 2024-2034. The rising prevalence of gastrointestinal (GI) conditions, technological advancements, increased demand for minimally invasive procedures, a growing elderly population, and increased strategic alliances and partnerships will drive market growth.
This is the most crucial factor driving market growth. GI problems such as gastrointestinal cancer, inflammatory bowel disease (IBD), and pancreatic abnormalities are growing more widespread all over the world. EUS is an effective tool for diagnosing and staging various disorders, and the increasing demand for these procedures is driving the market for EUS equipment. For instance, in December 2023, CONMED announced a strategic alliance with a medical technology company to focus on gastrointestinal solutions, which may include EUS.
By product, the endoscope segment accounted for the highest revenue-grossing segment in the global endoscopic ultrasound market in 2023 owing to the increasing demand for advanced endoscopic imaging technologies and the expanding applications of endoscopic procedures in diagnosis and therapy. For instance, in February 2024, Karl Storz received FDA 510(k) clearance for its Karl Storz EsoPhaMix S single-use endoscope for esophageal procedures. Additionally, the needle segment is predicted to grow at the fastest CAGR during the forecast period owing to the rising adoption of minimally invasive biopsy and therapeutic procedures, coupled with technological advancements enhancing needle precision and functionality.
By application, lung cancer accounted for the highest revenue-grossing segment in the global endoscopic ultrasound market in 2023 owing to the growing prevalence of lung cancer worldwide and the increasing utilization of endoscopic ultrasound for accurate diagnosis and staging of lung lesions. For instance, in January 2024, Medtronic received FDA certification for its EchoPixel EBUS system for lung cancer diagnostics. Additionally, the gastrointestinal cancer segment is predicted to grow at the fastest CAGR during the forecast period owing to the advancements in early detection techniques, the rising incidence of gastrointestinal cancers, and the increasing adoption of endoscopic ultrasound for diagnosis, staging, and therapeutic interventions.
By end-user, the hospital segment accounted for the highest revenue-grossing segment in the global endoscopic ultrasound market in 2023 owing to the increasing demand for advanced diagnostic and therapeutic procedures, coupled with the availability of skilled healthcare professionals and sophisticated infrastructure in hospital settings. For instance, in October 2023, Pentax Medical introduced the PENTAX iPlex Pro EBUS System, an endoscopic ultrasound platform designed for bronchoscopy treatments. Additionally, the ambulatory surgical centers segment is predicted to grow at the fastest CAGR during the forecast period owing to the rising preference for outpatient procedures, cost-effectiveness, and technological advancements enabling the performance of endoscopic ultrasound procedures in ambulatory settings.
North American region is anticipated to have the highest revenue share during the forecast period owing to the presence of well-established healthcare infrastructure, high adoption rate of advanced medical technologies, increasing prevalence of gastrointestinal diseases, and supportive reimbursement policies in the North American region. Additionally, the Asia Pacific region is predicted to grow at the fastest CAGR during the forecast period owing to the rapidly expanding healthcare infrastructure, increasing awareness about early disease detection, rising healthcare expenditure, and growing adoption of advanced diagnostic and therapeutic technologies in the Asia Pacific region. For instance, in February 2023, Fujifilm India Private Limited released the PB2020-M2 tiny ultrasonic probe system. This ultrasonic probe is intended to offer true ultrasound imaging of peripheral lung lesions, allowing for a more effective examination.
This extensive research report concentrates on the size and projections of the global and regional markets from 2023 to 2034.
This is the most crucial factor driving market growth. GI problems such as gastrointestinal cancer, inflammatory bowel disease (IBD), and pancreatic abnormalities are growing more widespread all over the world. EUS is an effective tool for diagnosing and staging various disorders, and the increasing demand for these procedures is driving the market for EUS equipment. For instance, in December 2023, CONMED announced a strategic alliance with a medical technology company to focus on gastrointestinal solutions, which may include EUS.
By product, the endoscope segment accounted for the highest revenue-grossing segment in the global endoscopic ultrasound market in 2023 owing to the increasing demand for advanced endoscopic imaging technologies and the expanding applications of endoscopic procedures in diagnosis and therapy. For instance, in February 2024, Karl Storz received FDA 510(k) clearance for its Karl Storz EsoPhaMix S single-use endoscope for esophageal procedures. Additionally, the needle segment is predicted to grow at the fastest CAGR during the forecast period owing to the rising adoption of minimally invasive biopsy and therapeutic procedures, coupled with technological advancements enhancing needle precision and functionality.
By application, lung cancer accounted for the highest revenue-grossing segment in the global endoscopic ultrasound market in 2023 owing to the growing prevalence of lung cancer worldwide and the increasing utilization of endoscopic ultrasound for accurate diagnosis and staging of lung lesions. For instance, in January 2024, Medtronic received FDA certification for its EchoPixel EBUS system for lung cancer diagnostics. Additionally, the gastrointestinal cancer segment is predicted to grow at the fastest CAGR during the forecast period owing to the advancements in early detection techniques, the rising incidence of gastrointestinal cancers, and the increasing adoption of endoscopic ultrasound for diagnosis, staging, and therapeutic interventions.
By end-user, the hospital segment accounted for the highest revenue-grossing segment in the global endoscopic ultrasound market in 2023 owing to the increasing demand for advanced diagnostic and therapeutic procedures, coupled with the availability of skilled healthcare professionals and sophisticated infrastructure in hospital settings. For instance, in October 2023, Pentax Medical introduced the PENTAX iPlex Pro EBUS System, an endoscopic ultrasound platform designed for bronchoscopy treatments. Additionally, the ambulatory surgical centers segment is predicted to grow at the fastest CAGR during the forecast period owing to the rising preference for outpatient procedures, cost-effectiveness, and technological advancements enabling the performance of endoscopic ultrasound procedures in ambulatory settings.
North American region is anticipated to have the highest revenue share during the forecast period owing to the presence of well-established healthcare infrastructure, high adoption rate of advanced medical technologies, increasing prevalence of gastrointestinal diseases, and supportive reimbursement policies in the North American region. Additionally, the Asia Pacific region is predicted to grow at the fastest CAGR during the forecast period owing to the rapidly expanding healthcare infrastructure, increasing awareness about early disease detection, rising healthcare expenditure, and growing adoption of advanced diagnostic and therapeutic technologies in the Asia Pacific region. For instance, in February 2023, Fujifilm India Private Limited released the PB2020-M2 tiny ultrasonic probe system. This ultrasonic probe is intended to offer true ultrasound imaging of peripheral lung lesions, allowing for a more effective examination.
This extensive research report concentrates on the size and projections of the global and regional markets from 2023 to 2034.
Report Scope:
- Base Year: 2023
- Forecast Period: 2024-2034
Study Coverage
- Market Forecast by Product, Application, and End-User
- Market Forecast for 5 Regions and 17+ Countries
- North America (U.S. and Canada)
- Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
- Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
- MEA (South Africa, GCC, Rest of MEA)
- Exhaustive Company Profiles of the Top 10+ Major Market Players
- 20% Free Customization Available to Meet Your Exact Requirement.
Segmentation: Endoscopic Ultrasound Market Report 2023 - 2034
Endoscopic Ultrasound Market Analysis & Forecast by Product 2023 - 2034 (Revenue USD Bn)
- Endoscope
- Ultrasound Probe
- Needle
- Accessories
- Ultrasonic Processors
Endoscopic Ultrasound Market Analysis & Forecast by Application 2023 - 2034 (Revenue USD Bn)
- Gastrointestinal Cancer
- Lung Cancer
- Pancreaticobiliary Disease
- Others
Endoscopic Ultrasound Market Analysis & Forecast by End-User 2023 - 2034 (Revenue USD Bn)
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
- Diagnostic Centers
- Others
Endoscopic Ultrasound Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Endoscopic Ultrasound Market: Product Estimates & Trend Analysis
8. Endoscopic Ultrasound Market: Application Estimates & Trend Analysis
9. Endoscopic Ultrasound Market: End-User Estimates & Trend Analysis
10. Regional Market Analysis
11. North America Endoscopic Ultrasound Market
12. Europe Endoscopic Ultrasound Market
13. Asia Pacific Endoscopic Ultrasound Market
14. Latin America Endoscopic Ultrasound Market
15. MEA Endoscopic Ultrasound Market
16. Competitor Analysis
17. Company Profiles
Companies Mentioned
- Cook Medical Incorporated
- Karl Storz SE & Co. KG
- Pentax Medical (Hoya Corporation)
- Hitachi Medical Systems
- Esaote SpA
- Sonoscape Medical Corp.
- PENTAX Medical (Hoya Corporation)
- Mindray Medical International Limited
- GE Healthcare
- Siemens Healthineers AG.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | March 2024 |
| Forecast Period | 2023 - 2034 |
| Estimated Market Value ( USD | $ 1.51 Billion |
| Forecasted Market Value ( USD | $ 3.08 Billion |
| Compound Annual Growth Rate | 6.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
