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Home » Healthcare » Endoscopic Ultrasound Market Size, Global Industry Report 2030

Endoscopic Ultrasound Market By Product (Endoscopes, Ultrasound Probes, Ultrasonic Processors, Imaging Systems, Needles, Accessories), By Applications (Oncology, Upper GI Oncology, Lower GI Oncology, Pancreatic Conditions, Others), By End-User (Hospitals, Ambulatory Surgery Centers, Specialty Clinics, Diagnostic Centers), By Geography, Size, Share, Trends, Global Analysis Report, Industry Forecast, 2021-2030

Published On: Apr-2022   |   Base Year: 2021   |   No Of Pages: 135   |   Historical Data: 2015 - 2019   |   Formats: PDF   |   Report ID: 11603329

Report DescriptionTable of Contents

Industry Statistics and Insights

The global endoscopic ultrasound market size was $901.14 million in 2021 and is predicted to reach $1544.59 million by 2030, representing a CAGR of 6.17% throughout the forecast period of 2021-2030. 

 

An endoscope is a thin, tube-like instrument that is inserted into the body to evaluate its vital insights. A specialized endoscope is implemented to produce detailed images of the lining of digestive tracts and nearby organs through high-frequency sound waves. Ultrasound can also be performed by inserting an endoscopic probe inside the bronchi, which is widely known as endobronchial ultrasound. Endoscopic Ultrasound Biopsy is the process where a doctor takes some fluid and tissue from the abdomen or chest for a thorough analysis. During an endoscopic ultrasound pancreas, the doctor inserts an endoscope down the throat and straight into the abdomen. An ultrasound device situated at the end of the tube emits sound waves that display images of the pancreas and nearby tissues. Approximately about 75 million endoscopies are performed in the United States each year, where 68% (51.5 million) are gastrointestinal endoscopies. EUS (Endoscopic Ultrasound System) is also widely used to diagnose gastrointestinal cancers, including liver, pancreatic, and other cancers. In 2018, gastrointestinal cancers accounted for up to 26% of the total number of cancer incidences and 35% of all cancer-related deaths worldwide. As per the American Cancer Society (ACS), pancreatic cancer is one of the major causes of death all across the globe. In 2016, approximately 53070 people in the United States were diagnosed with pancreatic cancer, and almost 41000 deaths were related to it. According to GLOBOCAN, in 2013, there were up to 782,000 new cases of liver cancer.

 

Endoscopic Ultrasound Market Infographic

 

COVID-19 Impact Analysis

The sudden outbreak of the COVID-19 pandemic had a considerable amount of impact on the overall market. During the lockdown, endoscopic activities in the UK dropped down to as low as 5% of the pre-COVID levels, only increasing to 20% after 10 weeks. The detection rate of endoscopic cancer was reduced approximately by 58% worldwide.

 

Market Dynamics: -

Market Drivers: -

The continuous rising prevalence of gastrointestinal diseases worldwide is one of the primary reasons for the growth of this endoscopic ultrasound market. Gastrointestinal diseases are one of the major reasons for death across the globe. In 2020, there will be approximately 4.8 million cases of gastrointestinal cancers and more than 3.4 million deaths worldwide.

 

Restraints: -

The biggest restraint of EUS is its inability to distinguish between benign and malignant tissues, thus resulting in over staging due to peritumoral inflammation. 

 

Opportunities: -

The launching of highly modernized and upgraded procedures like EUS guided fine-needle aspiration (EUS-FNAC) has become one of the most popular treatment methods for gastrointestinal cancer across the world. It is expected to grow at an exponential rate in the future. 

 

Endoscopic Ultrasound Market Share Analysis

 

Segments Analysis

The industry is broadly segmented based On Products, Applications, End-User, and Regions.

Based on Product:

  • Endoscopes

  • Ultrasound Probes

  • Ultrasonic Processors 

  • Imaging Systems 

  • Needles

  • Accessories

 

Based on Applications:

  • Oncology

  • Upper GI Oncology

  • Lower GI Oncology

  • Pancreatic Conditions

  • Others

 

Based on End-User:

  • Hospitals 

  • Ambulatory Surgery Centers 

  • Specialty Clinics

  • Diagnostic Centers

 

Regional Analysis

North America

  • US

  • Mexico

  • Canada

  • Rest of North America

 

Europe

  • France

  • U.K 

  • Switzerland

  • Germany

  • Finland 

  • Belgium

  • Netherlands  

  • Russia 

  • Spain

  • Turkey

  • Italy 

  • Rest of Europe

 

Asia Pacific

  • China

  • Japan

  • South Korea

  • India

  • Malaysia 

  • Singapore 

  • Thailand

  • Australia 

  • Indonesia

  • Philippines 

  • Rest of Asia-Pacific

 

LAMEA

  • Brazil

  • Argentina

  • Uruguay 

  • Saudi Arabia

  • Rest of LAMEA

 

Endoscopic Ultrasound Market End-user Segment

 

Based on Product, the ‘Endoscope’ segment accounted for the largest market share and is expected to grow at a CAGR of 9.37% from 2020 to 2028. A rapid increase in the number of echo-endoscopy procedures and rapid penetration of the key market players in highly developed countries are expected to boost the overall market.

 

The ‘Ultrasound Probes’ statement is the fastest-growing segment owing to the introduction of high-frequency ultrasound probes and an abrupt increase of export and import activities.  

 

Based on Applications, the ‘Oncology’ Segment significantly dominated the endoscopic ultrasound market with a CAGR of 4.48% due to the adoption of accurate and minimally invasive diagnostic tools and the rising prevalence of gastrointestinal cancer.

 

The End-user ‘Hospitals’ segment dominated the industry owing to the favorable health reimbursement for minimally invasive processes and the continuous increase in the number of qualified and trained endoscopists. In the United States, a typical endoscopy costs an average of USD 2750 and reaches up to USD 4800. Also, the cost of an EGD with endoscopic ultrasound ranges between USD 2513 to USD 3501.

 

Based on ‘Regions,’ North America dominated the industry with overall revenue of USD 297 million in 2018 and will continue to do so during the forecasted period due to its high rate of growth in EUS procedures and advancement of technologies. In the United States, almost 18.1 million are performed each year, and the prevalence rate of chronic gastrointestinal diseases among people aged 65 and above is as high as 35%.

 

The Asia Pacific is the fastest-growing region of this market owing to the continuous rise of the aged population and the increasing importance of early diagnosis of cancer in China, 

 

Report Attribute

Details

Forecast Period

2021 - 2030

The market size value in 2021

USD  901.14 million

The revenue forecast in 2030

USD  1544.59 million

Growth rate

CAGR of approximately 6.17%

The base year for estimation

2021

Historical data

2015 – 2019

Unit

USD Billion, CAGR (2021 - 2030)

Segmentation

By Product, By Applications, By End-User, By Region

By Product

Endoscopes, Ultrasound Probes, Ultrasonic Processors, Imaging Systems, Needles, Accessories

By Applications

Oncology, Upper GI Oncology, Lower GI Oncology, Pancreatic Conditions, Others

By End-User

Hospitals, Ambulatory Surgery Centers, Specialty Clinics, Diagnostic Centers

By Region

North America, Europe, Asia-Pacific, LAMEA.

Country Scope

U.S., Canada, France, Germany, the U.K., China, Japan, India,  South Korea,  Mexico, Brazil, U.A.E., etc.

Company Usability Profiles

FUJIFILM Holdings Corporation, Olympus Corporation, Medtronic, Smith & Nephew, Huaco Healthcare Technologies Co. Ltd., Pentax Medical (HOYA), B. Braun, SonoScape Medical Corporation, Boston Scientific Corporation, Conmed Corporation, Cook Medical, Ethicon, Medi-Globe Corporation, Ethicon

Pricing and purchase options

Avail of customized purchase options to meet your exact research needs.

 

Competitive Landscape

A thorough and detailed competitive landscape analysis provides the most adequate details regarding the major competitors that are prevailing in the overall industry environment. The comparison is performed based on the market capability, company overview, overall revenue generated, expenditure in R&D, global presence, production capacities, market initiatives, company financials, organization strengths and flaws, production sites and facilities, etc.

 

The major players that are covered in the industry report are:

 

Endoscopic Ultrasound Market Regional Forecast

 

Recent Developments

  • On June 1st, 2021, Olympus and Hitachi signed a long-term business alliance regarding EUS. Hitachi will continue to provide diagnostic ultrasound systems and their related parts that are used in EUS to Olympus under this contract.

  • Recently Smith & Nephew endoscopy introduced World's 1st all-in-one, mobile endoscopic visualization system. the DYONICS Vision 111 Portable Endoscopy System combines proprietary, cutting-edge imaging and display technology for providing the medical community with an endoscopic visualization solution.

 

Frequently Asked Question About This Report

b: The global endoscopic ultrasound market is expected to grow at a compound annual growth rate (CAGR) of 6.17% from 2021 to 2030 to reach USD1544.59 million by 2030.

b: North America is estimated to hold the largest share in the EUS market.

b: The continuous rising prevalence of gastrointestinal diseases all across the world is the most important factor that is fuelling the growth of this market over the forecasted period of 2020-2028.

b: The most widely known trend that is currently dominating the EUS market is EUS guided fine-needle aspiration (EUS-FNAC) procedure.

b: The major players of the EUS market include Olympus Corporation, Medtronic, Cook Medical, Smith and Nephew, Boston Scientific Corp, etc.

b: The global endoscopic ultrasound market size was $901.14 Mn in 2021 and is predicted to reach $1544.59 Mn by 2030, with a CAGR of 6.17%.

b: In 2020, the total value of the north american market was USD 323 million.

b: The EUS market is projected to grow at a CAGR of 6.17% over the forecasted period of 2021-2030.

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