Endoscopic Ultrasound Needles Market Size, Share and Global Trend By Product (Endoscopic Ultrasound Aspiration Needle (FNA), Endoscopic Ultrasound Fine Biopsy Needle (FNB)), By Needle Type (Bronchial Needle, Eternal Needle), By End User (Hospitals, Clinics, Diagnostic Centers) and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
In April 2016, Olympus Corporation launched Single Use Aspiration Needle EZ Shot 3 Plus, an endoscopic ultrasound needle in its gastrointestinal portfolio. The newly designed needle enables unparalleled access to the pancreatic head due to its enhanced flexibility. Endoscopic ultrasound is a minimally invasive procedure for the diagnosis of lungs and gastrointestinal diseases using ultrasonic sound waves.
Further research is also being conducted to use endoscopic ultrasound needle for medical therapy and delivery of drugs into cysts and cancers. Endoscopic ultrasound is now being widely used by physicians to visualize structures and organs which were previously not visible through endoscopy. In endoscopic ultrasound, an ultrasound transducer is attached to the usual endoscope, and a thin needle is used for aspiration or fine biopsy.
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The global endoscopic ultrasound needles market growth is being driven by the rapid adoption of endoscopic aspiration in diagnostics, increasing demand for minimally invasive procedures and technological advancements in endoscopy. Furthermore, the increased research to use endoscopic ultrasound needles to deliver drugs to targeted tumors and cysts is anticipated to accelerate the growth in global endoscopic ultrasound needles market in the projected years.
However, the risk of infection and lack of skilled professionals are factors that can hamper the growth in global endoscopic ultrasound needles market.
Key Players Covered
Some of the major companies included in the global endoscopic ultrasound needles market report are Boston Scientific Corporation, Cook, CONMED Corporation, Medtronic, Olympus Corporation, Medi-Globe GmbH, and other prominent players.
SEGMENTATION
SEGMENTATION | DETAILS |
By Product | · Endoscopic Ultrasound Aspiration Needle (FNA) · Endoscopic Ultrasound Fine Biopsy Needle (FNB) |
By Needle Type | · Bronchial Needle · Eternal Needle |
By End User | · Hospitals · Clinics · Diagnostic Centers · Others |
By Geography | · North America (USA and Canada) · Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe) · Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific) · Latin America (Brazil, Mexico and Rest of Latin America) · Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa) |
As per current endoscopic ultrasound needles market trends, the bronchial needles in needle type segment is expected to dominate the market during the forecast period owing to the increased use of endoscopic ultrasound for lung and gastrointestinal cancer.
Key Insights
- The overview of emerging clinical applications of endoscopic ultrasound
- New product introduction by key players
- Technological advancements in endoscopic ultrasound needles
- Recent industry developments such as partnerships, mergers, and acquisitions
Regional Analysis
Based on region, the global endoscopic ultrasound needles market is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In North America, the growth in endoscopic ultrasound needles market is likely to propel in the forecast period due to the upsurge in the number of diagnostic centres and increasing prevalence of gastrointestinal and lung cancer. According to the American Cancer Society, by 2019, over 27,510 cases of stomach cancer are expected to be diagnosed in the U.S., indicating growth in endoscopic ultrasound needles market in North America by 2025. The endoscopic ultrasound needles market in Europe and the Asia Pacific is projected to expand in the forecast duration due to the rapid adoption to endoscopy and rising demand for minimally invasive procedures.
Endoscopic Ultrasound Needles Industry Developments
- In May 2019, the association of Olympus Corporation of the Americas and the American Society for Gastrointestinal Endoscopy agreed upon strategic partnership to launch an endoscopic ultrasound training program for endoscopists in last quarter of 2019. The training purpose of training program is to fill the gap between growing demand for endoscopic ultrasound and availability of expertise.
- In August 2017, Pentax Medical launched, new Slim Linear Ultrasound Endoscope, which is highly compatible to Fine Needle Aspiration (FNA) with superior imaging quality.
- In January 2016, Cook Medical launched EchoTip ProCore 20 gage needle with ReCoil Stylet. The newly launched needle enables physicians to obtain histological samples from complex anatomical structures.
- Ongoing
- 2023
- 2019-2022
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