The global endoscopic ultrasound (EUS) needles market is expected to witness steady growth, expanding from USD 180.2 million in 2022 to USD 223.5 million by 2027, registering a compound annual growth rate (CAGR) of 4.4% over the forecast period. This growth is driven by the rising adoption of EUS needles in diagnostic and therapeutic applications for gastrointestinal and pancreatic diseases.
Market Drivers and Growth Factors
The increasing prevalence of gastrointestinal disorders, pancreatic cancer, and other chronic conditions is a primary factor driving demand for EUS needles. Their precision in acquiring tissue samples for biopsy and their role in minimally invasive therapeutic procedures make them indispensable tools in modern healthcare.
Technological Advancements
Advancements in EUS needle design, including enhanced flexibility, improved tip design, and compatibility with a wide range of endoscopic systems, are contributing to better diagnostic accuracy and procedural success rates. Innovations such as fine-needle aspiration (FNA) and fine-needle biopsy (FNB) technologies are enhancing the utility and demand for EUS needles.
Future Outlook
As healthcare systems worldwide prioritize early diagnosis and minimally invasive procedures, the demand for endoscopic ultrasound needles is expected to grow steadily. Ongoing R&D investments and increasing adoption in emerging markets further underscore the market’s growth potential through 2027.
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Key Takeaways:
- The global EUS needles market is projected to grow from USD 180.2 million in 2022 to USD 223.5 million by 2027, at a CAGR of 4.4%.
- Rising cases of gastrointestinal and pancreatic conditions are driving demand for advanced diagnostic tools like EUS needles.
- Technological advancements, including fine-needle aspiration and biopsy, are enhancing procedural accuracy and outcomes.
- Increasing focus on minimally invasive healthcare solutions is creating sustained growth opportunities in the market.
Growth Drivers
- Increasing Demand for Minimally Invasive Procedures:
- The rising preference for minimally invasive surgeries is driving the adoption of endoscopic ultrasound needles, as these procedures typically result in less pain and quicker recovery times compared to traditional surgery.
- Rising Incidence of Gastrointestinal Disorders:
- The growing prevalence of gastrointestinal cancers and other related disorders is increasing the need for effective diagnostic tools, including endoscopic ultrasound needles.
- Technological Advancements:
- Continuous innovations in endoscopic ultrasound technology, including improved needle designs and enhanced imaging capabilities, are contributing to market growth.
- Aging Population:
- An increasing geriatric population, which is more susceptible to gastrointestinal diseases, is expected to further boost the demand for endoscopic ultrasound procedures and related tools.
- Healthcare Infrastructure Development:
- Expanding healthcare facilities and advancements in medical infrastructure are facilitating greater access to endoscopic ultrasound services.
Key Companies Profiled
- ACE Medical Devices Pvt. Ltd.
- Boston Scientific Corporation
- CONMED Corporation
- Cook Group Incorporated
- Medi-Globe Corporation
- Medtronic Plc
- Micro-Tech Endoscopy
- Olympus Corporation
- Medline Industries, Inc.
- CIVCO Medical Solutions
- Protek Medical Products Inc.
- Spectra Medical Devices, Inc.
- Limaca-medical
Endoscopic Ultrasound Needles Industry Survey
Endoscopic Ultrasound Needles Market by Product:
- Aspiration Needles (EUS-FNA)
- Biopsy Needles (EUS-FNB)
Endoscopic Ultrasound Needles Market by Application:
- Bronchial EUS Needles
- Enteral EUS Needles
Endoscopic Ultrasound Needles Market by End User:
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
Endoscopic Ultrasound Needles Market 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
Author By:
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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