The Global Endoscopic Ultrasound Needles Industry is poised for steady growth, according to a recent analysis by Future Market Insights (FMI). The market, valued at US$180.2 million in 2022, is expected to reach US$223.5 million by 2027. This translates to a Compound Annual Growth Rate (CAGR) of 4.4% over the forecast period.
Endoscopic ultrasound needles are becoming increasingly vital in the medical field, offering minimally invasive procedures and innovative products for fine needle aspiration (FNA) and fine needle biopsy (FNB) for solid lesions. This progress underscores their widespread acceptance among surgeons and healthcare professionals as a safe and effective method, contributing significantly to the growth of the Global Endoscopic Ultrasound needle industry.
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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 market with a diverse portfolio is one of the key strategies of leading players.
As per the report, companies in the Global Endoscopic Ultrasound needle 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 market. 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 Global Endoscopic Ultrasound needle 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.
An increasing number of ambulatory surgical centers are offering safe, cost-effective services, especially for gastroenterology, thereby, driving the demand in the Global Endoscopic Ultrasound Needles Industry.
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
Global Endoscopic Ultrasound Needles Industry by Region:
- North America Endoscopic Ultrasound Needles Market
- Latin America Endoscopic Ultrasound Needles Market
- Europe Endoscopic Ultrasound Needles Market
- East Asia Endoscopic Ultrasound Needles Market
- South Asia & Pacific Endoscopic Ultrasound Needles Market
- Middle East & Africa (MEA) Endoscopic Ultrasound Needles Market
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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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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