Endoscopic Ultrasound Needles Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Endoscopic Ultrasound Needles Market is segmented by Product (Aspiration Needles and Biopsy Needles), Application, End-User and Geography.

Endoscopic Ultrasound Needles Market Snapshot

Endoscopic Ultrasound Needles Market
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 4.14 %

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Market Overview

The endoscopic ultrasound needles are used for both therapeutic and diagnostic purposes. The major growth driver in the global endoscopic ultrasound needles market is the increasing geriatric population and the growing prevalance of gastrointestinal cancers. There has been a rising prevalence of diseases, like pancreatic, liver and hepatobiliary, lung, and gastrointestinal cancers with increasing preference of patients toward minimally invasive surgical procedures, and growing technological advancements made related to endoscopic ultrasound needles are likely to fuel the expansion of the endoscopic ultrasound needles market across the world in the upcoming years. 

Additionally, the use of biopsy and aspiration needles for diagnosing pleural effusion and lung cancers is also rising, thus, propelling the market for endoscopic ultrasound needles. However, the lack of professionals with expertise in operating with endoscopic ultrasound needles is restraining the growth of the market.

Scope of the Report

Endoscopic ultrasound or EUS is a minimally invasive surgical process, which involves ultrasonic and visual imaging of the abdominal and thoracic regions. Generally, an endoscope provides imaging of gut’s inner walls, whereas a EUS needle offers various organs’ ultrasound imaging past the gut wall.

By Product
Aspiration Needles
Biopsy Needles
By Application
Bronchial EUS needles
Enteral EUS Needles
By End User
Hospitals
Ambulatory Surgical Centers
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Biopsy Needles is Expected to Dominate the Market

Biopsy needles (EUS-FNB) segment is likely to dominate the market in the upcoming years, due to increased product usage for endoscopic ultrasound of different non-pancreatic lesions, such as submucosal lesions, lymphoma, autoimmune pancreatitis, etc.

Non-Hodgkin lymphoma (NHL) is one of the most common cancers in the United States, accounting for about 4% of all cancers, as per 2019 estimates for non-Hodgkin’s lymphoma by American Cancer Society. Hence lymphoma being a common form of cancer increases the demand for biopsy needles. There are also technological advancements seen in EUS biopsy needles that are estimated to result in strong growth of the biopsy needles segment during the forecast period.

Endoscopic Ultrasound Needles Market - 1

North America is Expected to Dominate the Endoscopic Ultrasound Needles Market

The North American endoscopic ultrasound needles market has dominated globally and this is due to the growing use of advanced diagnostic procedures in pulmonology, oncology, and gastroenterology in Canada and the U.S. and the presence of major market players in the region.

The number of new cases of non-Hodgkin lymphoma was 19.6 per 100,000 men and women per year in United States, as per National Institute of Health 2016 report. The number of deaths was 5.6 per 100,000 men and women per year. The presence of such high incidence rate creates a demand for procedures to diagnose and treat such diseases. This has thus helped the endoscopic ultrasound needles market grow. Moreover, there is a growing use of advanced diagnostic procedures in pulmonology, oncology, and gastroenterology in North American countries of Canada and the United States (US). These countries also enjoy the presence of most of the global players in endoscopic ultrasound needles market.

Endoscopic Ultrasound Needles Market 2

Competitive Landscape

Majority of the Endoscopic Ultrasound Needles are being manufactured by the global key players. Market leaders with more funds for research and better distribution system have established their position in the market. Moreover, Asia-pacific is witnessing an emergence of some small players due to the rise of awareness. This has also helped the market grow.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Geriatric Population

      2. 4.2.2 High Prevalence of Gastrointestinal Tract-Related Cancers

      3. 4.2.3 Increasing Demand for Minimally Invasive Procedures

    3. 4.3 Market Restraints

      1. 4.3.1 Lack of Expertise in Handling Endoscopic Ultrasound Needles

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Aspiration Needles

      2. 5.1.2 Biopsy Needles

    2. 5.2 By Application

      1. 5.2.1 Bronchial EUS needles

      2. 5.2.2 Enteral EUS Needles

    3. 5.3 By End User

      1. 5.3.1 Hospitals

      2. 5.3.2 Ambulatory Surgical Centers

      3. 5.3.3 Others

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 ACE Medical Devices Pvt. Ltd.

      2. 6.1.2 Boston Scientific Corporation

      3. 6.1.3 CONMED Corporation

      4. 6.1.4 Cook Group Incorporated

      5. 6.1.5 ENDO-FLEX GmbH

      6. 6.1.6 Medi-Globe Corporation

      7. 6.1.7 Medtronic Plc

      8. 6.1.8 Micro-Tech Endoscopy

      9. 6.1.9 Olympus Corporation

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Endoscopic Ultrasound Needles Market market is studied from 2018 - 2026.

The Endoscopic Ultrasound Needles Market is growing at a CAGR of 4.14% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Medtronic PLC, CONMED Corporation, Olympus Corporation, Boston Scientific Corporation, Cook Group Incorporated are the major companies operating in Endoscopic Ultrasound Needles Market.

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