Endoscopic Ultrasound Market Report 2024

This Endoscopic Ultrasound market report covers industry characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The endoscopic ultrasound market size has grown strongly in recent years. It will grow from $1.27 billion in 2023 to $1.37 billion in 2024 at a compound annual growth rate (CAGR) of 8%. The growth during the historic period can be attributed to advancements in cancer research and treatment, rising healthcare expenditure, an increase in the number of endoscopic procedures, a growing preference for early diagnosis, and the expansion of outpatient diagnostic centers.

The endoscopic ultrasound market size is expected to see strong growth in the next few years. It will grow to $1.88 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The projected growth for the forecast period can be attributed to the increasing prevalence of gastrointestinal disorders, a rising demand for minimally invasive procedures, an expanding geriatric population, the growth of healthcare facilities, and heightened awareness and adoption of endoscopic ultrasound (EUS). Major trends expected during this period include innovations in imaging technology, the development of portable and user-friendly devices, advancements in endoscopic techniques, the creation of integrated imaging systems, and the integration of technology with digital health.

The rising prevalence of gastrointestinal illnesses is anticipated to drive the growth of the endoscopic ultrasound market in the future. Gastrointestinal diseases encompass a range of conditions affecting the digestive system, including the stomach, intestines, liver, and pancreas. The increase in gastrointestinal illnesses is attributed to factors such as dietary changes, consumption of contaminated food or water, infections from pathogens, and lifestyle choices such as sedentary behavior, smoking, and excessive alcohol consumption. Endoscopic ultrasound is a valuable tool for diagnosing and treating these conditions by offering improved visualization and maneuverability during procedures, which enhances patient outcomes and supports early detection and intervention. For example, the American Cancer Society reported in January 2023 that gastrointestinal cancers in the United States rose by 3.18% to 348,840 cases, up from 338,090 in 2021. Thus, the growing incidence of gastrointestinal illnesses is fueling the expansion of the endoscopic ultrasound market.

Key players in the endoscopic ultrasound market are concentrating on developing advanced diagnostic ultrasound systems to boost diagnostic accuracy, enhance image quality, and provide minimally invasive solutions. Diagnostic ultrasound systems use high-frequency sound waves to generate real-time images of internal organs, tissues, and blood flow, aiding in medical diagnosis. For instance, in February 2024, Fujifilm India, an imaging solutions provider based in India, introduced the ALOKA ARIETTA 850 endoscopic ultrasound machine. This advanced machine is designed to improve diagnostic accuracy and image clarity for gastrointestinal diseases, which are becoming more common due to modern lifestyles. It features minimally invasive procedures for conditions such as pancreatic pseudo-cyst drainage, high-quality imaging with 7 million digital channels, and comprehensive diagnostic capabilities including fine needle aspiration (FNA) and biopsy.

In January 2024, Canon Medical Systems Corporation, a medical equipment company based in Japan, entered into a partnership with Olympus Corporation to develop endoscopic ultrasound systems. This collaboration aims to produce advanced EUS equipment with high-quality imaging for better diagnostic performance, focusing on technological innovation and plans for global expansion, starting with Japan and Europe. The partnership combines Canon’s Aplio i8002 ultrasound system with Olympus’ Ultrasound Endoscope. Olympus Corporation, also based in Japan, specializes in optics and reprography products, including endoscopic ultrasound machines.

Major companies operating in the endoscopic ultrasound market are Fujifilm, Stryker Corporation, Boston Scientific Corporation, B. Braun Melsungen AG, Olympus Corporation, Smith & Nephew plc, HOYA Corporation, STERIS Corporation, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Cook Medical LLC, KARL STORZ SE & Co. KG, CONMED Corporation, Asahi Intecc Co. Ltd., Max Healthcare Institute Limited, Hitachi Medical Systems America, Esaote S.p.A., SonoScape Medical Corp., Canon Medical Systems Corporation, NDS Surgical Imaging LLC, Medi-Globe Corporation, Endo Tech LLC.

North America was the largest region in the endoscopic ultrasound market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the endoscopic ultrasound market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the endoscopic ultrasound market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Endoscopic ultrasound is a diagnostic imaging technique that combines endoscopy with ultrasound technology to examine and assess internal organs and structures. It uses an endoscope equipped with an ultrasound transducer to produce detailed images of the digestive tract, surrounding tissues, and organs. This method provides high-resolution cross-sectional images and is often favored for its ability to visualize areas that are difficult to evaluate using other imaging techniques.

The primary endoscopic ultrasound products include endoscopes, ultrasound probes, needles, accessories, ultrasonic processors, and others. An endoscope is a medical device used to visualize the inside of body cavities or organs. This technology is applied to conditions such as gastrointestinal cancer, lung cancer, pancreatic biliary disease, and more, and is utilized by end-users such as hospitals, ambulatory surgical centers, and others.

The endoscopic ultrasound market research report is one of a series of new reports that provides endoscopic ultrasound market statistics, including endoscopic ultrasound industry global market size, regional shares, competitors with a endoscopic ultrasound market share, detailed endoscopic ultrasound market segments, market trends and opportunities, and any further data you may need to thrive in the endoscopic ultrasound industry. This endoscopic ultrasound market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The endoscopic ultrasound market consists of revenues earned by entities by providing services such as therapeutic interventions, preoperative planning, technical support, maintenance and consultation services. The market value includes the value of related goods sold by the service provider or included within the service offering. The endoscopic ultrasound market also includes sales of ultrasound transducers, biopsy forceps, endoscopic ultrasound workstations and fluid collection devices. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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