The Future Market Insights (FMI), a leading market intelligence firm, has conducted a groundbreaking study that foretells a prosperous future for the Global Endoscopic Ultrasound Needles Industry. The comprehensive analysis anticipates a remarkable surge in market valuation, with projections soaring from the current US$ 180.2 Million in 2022 to an impressive US$ 223.5 Million by the close of 2027.
The study sheds light on the dynamic landscape of the Global Endoscopic Ultrasound Needles Industry, indicating a substantial expansion driven by evolving healthcare demands and technological advancements. The market’s growth trajectory underscores its pivotal role in the medical landscape, offering cutting-edge solutions for diagnostic and therapeutic procedures.
Innovations Drive Market Transformation
One of the key drivers behind this impressive growth is the introduction of a diverse range of products that incorporate cutting-edge technology in fine-needle aspiration (FNA) and fine-needle biopsy (FNB) for solid lesions. The field of endoscopic ultrasound has garnered wide acceptance among surgeons as a minimally invasive procedure. EUS guided needles, recognized for their safety and minimally invasive nature, are propelling the remarkable growth of the endoscopic ultrasound needles industry.
This significant market expansion signifies a bright future for the healthcare industry, ushering in new and advanced solutions for healthcare professionals and patients alike. As the market continues to evolve with technological advancements and increased adoption, it is poised to play a pivotal role in the advancement of minimally invasive medical procedures.
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Manufacturers in the Global Endoscopic Ultrasound Needles Industry are focusing on new product launches for more precise diagnosis of tissues collected using needles. Gaining a greater share in the endoscopic ultrasound needles industry with diverse portfolio is one of the key strategies of leading players.
As per the report, companies in the endoscopic ultrasound needles market are also focusing on collaborating for development and distribution of advanced endoscopic ultrasound needle products. Key players in endoscopic ultrasound needles industry 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 largest share in 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 Global Endoscopic Ultrasound Needles Industry.
With the growing demand for minimally invasive procedures, doctors and surgeons are using EUS combined with FNA to collect sample fluid and tissue from 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 endoscopic ultrasound needles industry, FNB is emerging as the novel tool in diagnosis by providing information on tissue architecture.
As per the study, ambulatory surgical centres will use endoscopic ultrasound needles on a large scale owing to the rise in number of these centres and increasing number of endoscopic ultrasound surgeries performed in ambulatory surgical centres. Being the minimally invasive and non-surgical procedure that can be performed through 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 centres with expert healthcare team. Various healthcare organisations are building ambulatory surgical centres within the premises in the healthcare facility offering wide range of services with technological advancements to achieve economies of scale.
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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.
Global Endoscopic Ultrasound Needles Industry Survey
Global Endoscopic Ultrasound Needles Industry by Product:
- Aspiration Needles (EUS-FNA)
- Biopsy Needles (EUS-FNB)
Global Endoscopic Ultrasound Needles Industry by Application:
- Bronchial EUS Needles
- Enteral EUS Needles
Global Endoscopic Ultrasound Needles Industry by End User:
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
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Endoscopic Ultrasound Needles Industry by Region:
- North America Endoscopic Ultrasound Needles Market
- Latin America Endoscopic Ultrasound Needles Industry
- Europe Endoscopic Ultrasound Needles Market
- East Asia Endoscopic Ultrasound Needles Industry
- South Asia & Pacific Endoscopic Ultrasound Needles Market
- Middle East & Africa (MEA) Endoscopic Ultrasound Needles Industry
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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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