Endoscopic Ultrasound Market To Reach $2.27 Billion By 2030

Endoscopic Ultrasound Market Growth & Trends

The global endoscopic ultrasound market size is anticipated to reach USD 2.27 billion by 2030, registering a CAGR of 6.72% from 2023 to 2030, according to a new report by Grand View Research, Inc. The increasing prevalence of various chronic disorders, such as colorectal cancer, and rectum cancer, rapid technological advancements, rising healthcare spending, and a rise in the geriatric population, are key contributors to the market growth. Advancements in endoscopic ultrasound (EUS) technology, such as improved endoscope systems and advanced ultrasound processor designs by various key manufacturers through different strategic initiatives, will further drive market growth.

For instance, in February 2023, FUJIFILM India Private Limited introduced the compact ultrasonic probe system PB2020-M2. This ultrasonic probe enables actual ultrasound imaging of peripheral lung lesions for a more effective evaluation. This compact, lightweight device offers high-quality ultrasonic images. In addition, key companies are launching new products to expand their endoscopy solutions portfolios. For instance, in January 2023, FUJIFILM India Private Limited launched ClutchCutter and FushKnife. These factors are expected to propel the market growth during the forecast period.

A rise in demand for minimally invasive procedures like EUS as they offer a faster recovery rate and minimize post-operative complications compared to traditional surgeries will support market growth. In addition, collaboration between medical device companies and healthcare institutions for R&D of EUS technologies further stimulates market growth. For instance, in September 2023, Fujifilm India formed a strategic partnership with the Yashoda Group of Hospitals. To improve patient care standards across the nation, this strategic alliance will support training and clinical research projects in collaboration with all Yashoda Group sites.

 Request a free sample copy or view report summary: Endoscopic Ultrasound Market Report

Endoscopic Ultrasound Market Report Highlights

• The endoscope product segment dominated the market in 2022 with the largest share owing to the increased preference for minimally invasive surgical techniques and the prevalence of cancer & respiratory conditions

• The lung cancer application segment dominated the market in 2022 owing to the globally increasing air pollution and prevalence of chronic obstructive pulmonary disease (COPD)

• The hospitals segment held the largest market share in 2022 owing to favorable insurance coverage and reimbursement policies for EUS procedures in hospitals

• North America dominated the market with the highest revenue share in 2022 owing to the high incidence rate of gastrointestinal disease in this region and the highly developed healthcare infrastructure that supports the widespread adoption of advanced medical technologies like EUS

Endoscopic Ultrasound Market Segmentation

Grand View Research has segmented the global endoscopic ultrasound market on the basis of product, application, end-use, and region:

Endoscopic Ultrasound Product Outlook (Revenue, USD Million, 2018 - 2030)

• Endoscope

• Ultrasound Probe

• Needle

• Accessories

• Ultrasonic Processors

Endoscopic Ultrasound Application Outlook (Revenue, USD Million, 2018 - 2030)

• Gastrointestinal Cancer

• Lung Cancer

• Pancreaticobiliary Disease

• Others

Endoscopic Ultrasound End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals

• Ambulatory Surgical Centers

• Others

Endoscopic Ultrasound Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Norway

  • Denmark

  • Sweden

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

  • Thailand

• Latin America

  • Brazil

  • Mexico

  • Argentina

  • Colombia

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players of Endoscopic Ultrasound Market

• Boston Scientific Corporation

• Medtronic

• ConMed

• Olympus Corporation

• Steris

• SonoScape Medical Corp.

• PENTEX Medical

• FUJIFILM India Private Limited

• Cook Medical