In the most recent analysis conducted by Future Market Insights (FMI), the global market for Endoscopic Ultrasound Needles is poised for substantial expansion. The market, which was valued at US$ 180.2 Million in 2022, is expected to surge to US$ 223.5 Million by the conclusion of 2027.
This growth in the endoscopic ultrasound needles market is underpinned by the introduction of a diverse array of products, accompanied by noteworthy technological advancements in fine needle aspiration (FNA) and fine needle biopsy (FNB) techniques for the diagnosis of solid lesions. Endoscopic ultrasound procedures have gained widespread acceptance among surgeons due to their minimally invasive nature, with EUS-guided needles emerging as a safe and minimally invasive method. These factors are driving the remarkable expansion of the endoscopic ultrasound needles industry.
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Manufacturers in the endoscopic ultrasound needles industry are focusing on new product launches for more precise diagnoses of tissues collected using needles. Gaining a greater share in the endoscopic ultrasound needles market with a diverse portfolio is one of the key strategies of leading players.
As per the report, companies in the endoscopic ultrasound needles industry are also focusing on collaborating for the development and distribution of advanced endoscopic ultrasound needle products. Key players in the endoscopic ultrasound needles market are focusing on new product development in emerging regions including Latin America and Asia Pacific owing to the increasing prevalence of cancer and other chronic diseases. Endoscopic Ultrasound-Guided Fine Needle Aspiration to Gain Popularity with Rise in Gastrointestinal Diseases
According to the FMI report, Endoscopic Ultrasound-Guided Fine Needle Aspiration (EUS-FNA) is likely to account for the largest share of the endoscopic ultrasound needles industry. EUS-FNA gaining popularity for the diagnosis of gastrointestinal diseases and peri-gastrointestinal lesions. The wide application of FNA has also accelerated the growth in the endoscopic ultrasound needles market.
With the growing demand for minimally invasive procedures, doctors and surgeons are using EUS combined with FNA to collect sample fluid and tissue from the chest and abdomen for diagnosis. It has also emerged as an alternative to exploratory procedure.
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Meanwhile, in recent years studies conducted on Endoscopic Ultrasound-Guided Fine Needle Biopsy (EUS-FNB) have shown some promising results. As per the FMI study on the endoscopic ultrasound needles market, FNB is emerging as a novel tool in diagnosis by providing information on tissue architecture.
As per the study, ambulatory surgical centers will use endoscopic ultrasound needles on a large scale owing to the rise in the number of these centers and the increasing number of endoscopic ultrasound surgeries performed in ambulatory surgical centers. Being the minimally invasive and non-surgical procedure that can be performed through the colon or upper GI tract, ambulatory surgical centers are gaining traction in the endoscopic ultrasound needles industry.
Moreover, endoscopic ultrasound is generally considered safe when performed at ambulatory surgical centers with expert healthcare teams. Various healthcare organizations are building ambulatory surgical centers within the premises of the healthcare facility offering a wide range of services with technological advancements to achieve economies of scale.
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An increasing number of ambulatory surgical centers are offering safe, cost-effective services, especially for gastroenterology, thereby, driving the demand in the endoscopic ultrasound needles market.
Endoscopic Ultrasound Needles Industry Survey
Endoscopic Ultrasound Needles Industry by Product:
- Aspiration Needles (EUS-FNA)
- Biopsy Needles (EUS-FNB)
Endoscopic Ultrasound Needles Industry by Application:
- Bronchial EUS Needles
- Enteral EUS Needles
Endoscopic Ultrasound Needles Industry by End User:
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinic
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Endoscopic Ultrasound Needles Industry by Region:
- North American Endoscopic Ultrasound Needles Industry
- Latin America Endoscopic Ultrasound Needles Industry
- Europe Endoscopic Ultrasound Needles industry
- East Asia Endoscopic Ultrasound Needles Industry
- South Asia & Pacific Endoscopic Ultrasound Needles Industry
- Middle East & Africa (MEA) Endoscopic Ultrasound Needles Industry
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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