Endoscopic Ultrasound Market to Exhibit a CAGR of 6.5% till 2026; Rising Prevalence of Gastrointestinal Disorders to Fuel the Market

The global endoscopic ultrasound (EUS) market size is set to reach USD 1,375.6 Million by 2026. Increasing incidence of gastric cancer is expected to propel the growth of the market in the forecast period. According to the Fortune Business Insights report, titled “Endoscopic Ultrasound (EUS) Market Size, Share & Industry Analysis, By Product (Endoscopes (Radial Endoscopes and Linear Endoscopes), Ultrasound Probes, Ultrasonic Processors, Imaging Systems, Needles, and Accessories) By Application (Oncology Pancreatic Conditions, and Others), By End User (Hospitals, Ambulatory Surgery Centers, Others) and Regional Forecast, 2019-2026”, the market value stood at USD 830.6 Million in 2018, displaying a CAGR of 6.5% from 2019 to 2026.

The report divides the market into different segments to provide a wholesome analysis. Based on product type, the market is segmented into endoscopes, ultrasound probes, ultrasound processors, imaging systems, needles, and accessories. As per endoscopic ultrasound market trends, the endoscopes segment is expected to lead with a share of 52.3%. From application point of view, the market is divided into oncology, pancreatic conditions, and others, with oncology slated to register the highest growth. In terms of end-user, the endoscopic ultrasound market is categorized into hospitals, ambulatory surgery centers, and others, with hospitals leading the pack here.

Endoscopes to Emerge as the Most Promising Segment

Growing popularity of echo-endoscopy procedures, especially for treatment of gastric diseases, and other advanced endoscopy ultrasound products is the primary factor driving the EUS market growth during the forecast period. This is expected to be a result of the increasing prevalence of gastrointestinal disorders. For example, the American Cancer Society estimates that in 2019, the incidence of gastric cancer will go beyond 27,000. Moreover, rising investment by key companies in innovation is anticipated to further propel the growth of this segment.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/endoscopy-ultrasound-market-100558

Increasing Demand for Minimally Invasive Procedures to Boost Business Opportunities

As seen above, there has been a rapid rise in the incidence of gastrointestinal cancer worldwide. The World Cancer Research Fund states that in 2018, more than 1 million new cases of stomach cancer were reported. As a result, the oncology segment is slated for considerable expansion on account of rising preference for minimally invasive diagnostic techniques for detecting cancer in its early stages. This, in turn, will accelerate the development of the market during the forecast period.

Ready Adoption of New Diagnostic Technologies to Fuel the Market in North America

Among regions, North America is projected to dominate the EUS market share, given that in 2018, the region generated a revenue of USD 296.9 million. The primary factors aiding this dominance are rapid adoption of new diagnostic technologies, increasing utilization of EUS devices due to rising prevalence of gastric and pancreatic conditions, and the presence of key market players in the region. Growing demand for endoscopic ultrasound equipment from hospitals and increasing research collaborations are factors driving the market in Europe. In Asia-Pacific, the market is expected to be mainly pushed by the formation of strict medical guidelines in China and fast climbing geriatric population in the country. In Latin America, Africa, and the Middle East large unmet needs of marginalized sections hold great potential for the endoscopic ultrasound market to expand in these regions.

Olympus Joins Hands with Hitachi, Enhances Its Research Capacities

Olympus Corporation recently partnered with Hitachi Medical Systems Europe to technologically align Olympus’s EUS scopes with Hitachi’s ARIETTA 850 ENDOSCOPIC equipment. Moreover, Olympus signed another agreement with Hitachi Healthcare Americas to distribute the latter’s EUS processor, ARIETTA 850, in the US. Such strategic collaborations are aimed at broadening a company’s operational horizons as well as diversifying its product portfolio.

List of major players profiled in endoscopic ultrasound market include:

• Medtronic


• Olympus Corporation


• Cook Medical


• CONMED Corporation


• Boston Scientific Corporation


• PENTAX Medical


• Medi-Globe GmbH


• FUJIFILM Holdings Corporation

The global endoscopic ultrasound (EUS) market is segmented as follows: