Endoscopic ultrasound needles are used by the physicians and doctors to visualize organs that are not visible during gastrointestinal endoscopy. Endoscopic Ultrasound (EUS) needles market is driven by the adoption of endoscopic aspirations in diagnostic and technological changes in endoscopy. Moreover, the prime factors that boost the need for endoscopic ultrasound needles is the growing ageing population coupled with chronic disorders. Growing geriatric population and prevalence of diseases such as cancer, pancreatic disease and gastrointestinal and technological advancements is further driving the endoscopic ultrasound needles market. According to American Lung Association, an estimate of around 224,390 new cases of lung cancer were diagnosed in the US in 2016. Around 415,000 Americans were diagnosed with lung cancer in 2018.
The growing preference of individuals towards surgeries in ambulatory centers and hospitals coupled with the rising investments in establishments of private hospitals is fueling the demand for endoscopic ultrasound needles during 2020-25.
According to the MarkNtel Advisors’ research report, “Global Endoscopic Ultrasound Needles Market Analysis, 2020”, the CAGR of global endoscopic ultrasound needles is expected to be round 4% during 2020-25. With the rise in the adoption of aspirational needles for diagnosis of lung and liver disease, gastrointestinal disease, liver and hepatobiliary and pancreatic disease is the major factor for the dominance of aspiration needles. Aspiration needles captured the highest share in 2019.
Hospitals have the higher demand for advanced diagnostic surgery such as oncology, gastroenterology and pulmonology with the availability of advanced products and is anticipated to grow in future. The demand for ambulatory surgical centers is surging due to the reduction in cost of the medical procedures.
North America is the dominant region in the market of endoscopic ultrasound needles due to improved healthcare infrastructure facilities and rising number of gastrointestinal patients as revealed by MarkNtel Advisors’ in their research report, “Global Endoscopic Ultrasound Needles Market Analysis, 2020”.
Acquisition of Xlumena, Inc. by Boston Scientific Corporation, a manufacturer of minimally invasive (MI) devices for endoscopic ultrasound guided transluminal drainage of targeted areas within gastrointestinal tract (GIT). The acquisition was completed in 2015 to become the market leader in Endoscopic ultrasound needle market.
Pentax Medical launched a highly compatible to Fine Needle Association (FNA) with superior imaging quality in 2017 known as SlimLinear Ultrasound Endoscope.
Moreover, Olympus Corporation of America and American Society of Gastrointestinal Endoscopy came into a strategic partnership to launch an endoscopic training program for endoscopists in 2019.
A newly launched needle by Cook Medicals in 2016 known as EchoTip ProCore 20 gage needle with Recoil Stylet helps physicians to collect historical samples.
According to the MarkNtel Advisors, the major leading players are CONMED Corporation, Medtronic Plc, Olympus Corporation, Boston Scientific Corporation, Medi Globe Corporation, Cook Medical, ACE Medical Devices Pvt. Ltd among others. Olympus launched a single use EZ shot 3 Plus an endoscopic ultrasound needle for its gastrointestinal portfolio in 2016.
“Global Endoscopic Ultrasound Needles Market Analysis, 2020”, provides comprehensive qualitative and quantitative insights on the industry potential, key factors such as trends, drivers, hotspots and opportunities and challenges available for endoscopic ultrasound needles providers across the globe. Moreover, the report also encompasses the key leading players in the industry, along with competitive benchmarking and competition matrix and company profiling.
1. By Product Type (Aspiration Needles and Biopsy Needles)
2. By End User (Hospitals, Specialty Clinics and Ambulatory Surgical clinics)
3. By Application (Enteral needles and Bronchial Needles)
4. By Region (North America, Latin America, Europe, Middle East and Africa and Asia-Pacific)
5. By Country (United States, Canada, Mexico, Brazil, Argentina, Germany, Italy, United Kingdom, Spain, France, Saudi Arabia, UAE, China, India, Japan, Australia)
6. By Company (CONMED Corporation, Medtronic Plc, Olympus Corporation, Boston Scientific Corporation, Medi Globe Corporation, Cook Medical, ACE Medical Devices Pvt Ltd.)