Endoscopy Ultrasound (EUS) Market Size, Share, By Product (Endoscopes, Ultrasound Probes, Ultrasonic Processors, Imaging Systems, Needles, and Accessories), By Application (Oncology (Upper GI Oncology and Lower GI Oncology), By Technology (Radial Scanning and Linear Scanning), By Procedure (Upper EUS, Lower EUS, and EUS-guided Fine-Needle Aspiration), and By Region- Trends, Analysis and Forecast till 2034

Report Code: PMI37019 | Publish Date: March 2024 | No. of Pages: 182

Global Endoscopy Ultrasound EUS Market Overview

Endoscopy Ultrasound Market Size was valued at USD 901.5 Million in 2024 and is expected to reach USD 1554.2 Million by 2034 growing at a CAGR of 7.2%

Echo-endoscopy is the term for endoscopic ultrasound. It is a medical procedure combining endoscopy and ultrasound to capture images of internal organs. In essence, endoscopic ultrasonography is primarily utilized for diagnosing conditions in the upper digestive and respiratory tracts. Endoscopic ultrasound is commonly used for diagnosing gastrointestinal cancers such as pancreatic, liver, and other types of cancer.

Endoscopic ultrasound involves the use of an endoscope and high frequency sound waves to observe the GI tract and more, in a minimally invasive way. A typical endoscope is a slender, illuminated tube that is able to be placed through the mouth or rectum in order to observe the interior of your esophagus, stomach, or intestines. An echoendoscope is a specialized endoscope that has a small ultrasound device on its tip, used by EUS. The inclusion of ultrasound enables the physician to visualize the gastrointestinal tract. Increasing prevalence of gastrointestinal, liver, and pancreas cancer is major factor creating demand for ultrasound endoscopy across the globe and driving growth of global endoscopy ultrasound market. In addition, rising adoption of endoscopy ultrasound technique due to its high accuracy in diagnosis across the globe is expected to propel growth of the global endoscopy ultrasound market in the near future. However, lack of skilled professionals and training programs regarding ultrasound endoscopy restricts growth of endoscopic ultrasound market.

Endoscopy Ultrasound (EUS) Market Size

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Global Endoscopy Ultrasound EUS Market Drivers & Restraints

Key Drivers of Target Market:

Technological Advancements:

  • Businesses in the industry are prioritizing innovation in order to address the various requirements of their clientele, which in turn boosts competitiveness and improves product offerings in the market. The incorporation of advanced technologies like artificial intelligence and the Internet of Things is greatly enhancing the efficiency and functionality of products. Consequently, the EUS market is experiencing an increase in new product releases and improved features, leading to the overall growth of the market

Regulatory compliances:

  • These rules aim to safeguard consumers and uphold industry norms, yet they bring difficulties for businesses in the market. Businesses need to manage these complicated regulatory mandates, which frequently require substantial investments in following rules and obtaining certifications.

Restrains:

High Cost:

  • The expensive research, development, and production costs for specialty enzymes are among the significant constraints to the sector's growth. Most of the time, these may require complicated fermentation processes, which require certain growth conditions by microorganisms, affecting a setup to be quite expensive. In some cases, may add to the cost. Acceptance will prove to be one of the factors, especially for small and medium enterprises that are unable or unwilling to invest in diagnostics that cost that much.

Opportunities:

Personalized Medicine:

  • With the advent of personalized medicine, there comes a demand for particular treatments to be used in tailoring patient treatments. The operations can be manipulated to alter drugs so that they will target specific mutations or be delivered directly to the diseased cells. This holds immense potential for revolutionizing disease therapy and saving many lives. For example, various researchers investigate applications in developing chimeric antigen receptor T cell therapies, a promising avenue for cancer treatment. This could be done so that enzymes engineer T-cells to recognize and attack specific cancer cells.

Global Endoscopy Ultrasound EUS Market Segmentations & Regional Insights

The market is segmented based on Product Type, Application, Technology, Procedure and Region.

Product Type Insights:

  • Endoscopes: An endoscope is a medical tool that comes with an attached light Application. It is utilized for viewing the interior of a body cavity or organ. The instrument is inserted through a natural opening, like the mouth in a bronchoscopy or the rectum in a sigmoidoscopy.
  • Ultrasound Probes: Ultrasound probes, also known as transducers, generate sound waves with frequencies higher than what the human ear can detect (over 20KHz), with the majority currently utilized operating at even higher frequencies in the megahertz (MHz) range.
  • Ultrasonic Processors: The Sonicator, also known as the Ultrasonic Processor, utilizes high frequency "sound" waves to disturb the sample. Unlike a bath-type device, a probe-type sonicator is able to deliver extremely high energy to samples as small as 1 mL.
  • Imaging Systems: Medical imaging, involves creating images of different body parts for the purposes of diagnosis or treatment within the medical field. Medical imaging procedures are non-invasive tests that enable doctors to identify injuries and diseases without invading the body.
  • Needles and Accessories: One of the main benefits of ultrasound needles is their ability to be accurately guided by ultrasound imagery. This allows doctors to see the precise location of the needle in real-time as it is being inserted into the body, helping to ensure that the procedure is performed safely and accurately.

Application Insights:

  • GI Oncology: GI Cancer study refers to a variety of cancers that impact the gastrointestinal tract and digestive system. These cancers originate from a lump or ulcer in the stomach and then spread widely throughout the rest of the digestive system.
  • Pancreatic Conditions: It can be effective to check and analyze pancreatic condition through structural analysis

Technology Insights:

  • Radial Scanning: Radial ultrasound is employed as a diagnostic tool to evaluate the anatomy of the gastrointestinal tract and nearby structures. This imaging technique offers a complete 360degree, cross-sectional look at the GI tract and is mainly utilized for screening purposes
  • Linear Scanning: The linear array images show one side of the esophagus and a hypoechoic linear structure runs parallel to the scope's axis. A needle can be inserted through the accessory channel of the endoscope and viewed in real-time as it is guided through the esophageal wall and into lesions. Linear EUS offers a focused diagonal image aligned with the scope, allowing for ultrasound-guided therapeutic procedures

Procedure Insights

  • Upper EUS: Endoscopic ultrasonography incorporates ultrasound technology into conventional endoscopic procedures. Upper EUS is utilized by advanced endoscopy physicians to investigate the tissue and walls of the upper digestive system, including the esophagus and stomach lining, as well as the pancreas, gallbladder, and nearby organs.
  • Lower EUS: A lower EUS procedure looks at the bottom of your digestive system. This involves: Muscles encircling the anus (anal sphincter). Blood vessels, lymph nodes, cysts, and growths in the body.
  • EUS-guided Fine-Needle Aspiration: Endoscopic ultrasound-guided fine-needle aspiration (EUS-FNA) is a method that enables the examination of cells collected via aspiration in various areas close to the gastrointestinal tract.

Regional Insights

  • North America: North America is one of the leading players in the EUS market worldwide, owing to the presence of a well-organized ecosystem for innovation and market development. The most important factors in the region are the well-developed R&D infrastructure and mature healthcare and biotechnology industries, besides high levels of disposable income. Leading companies invest heavily in developing novel enzymes with better functionality and broader applications, continuously pushing the boundaries of scanning ultrasound technology.
  • Asia Pacific: The highest growth in the global specialty enzyme market is witnessed in Asia. Several reasons trigger this growth. The healthcare and biotechnology industries in this region are the fastest growing. Second, there is a growth in healthcare spending within the Asia Pacific. Lastly, there is an enhanced demand for processed foods in the region. Other than the above factors, governments of various countries in the region have been enacting policies and initiating funding programs to support and increase R&D activities in biotechnology; this indirectly impacts the EUS market.
  • Europe: The market is well-matured and developed in Europe, with strong innovation and regulatory emphasis. Europe's leading companies had always excelled in making high-quality, specialty enzymes for all applications. In addition, the sustainable approach of European industries to use robot based EUS will further add to the growth of this market. market for cancer diagnostics market segments is mature and, in many instances, even approaching saturation from established applications. Growth will only be significant from new food applications and the environmental sector.
  • Latin America: The Latin American EUS market is emerging and promises high growth. The company has witnessed reasonable growth from different Applications for some time now. The moment the economies in the region start on a growing path, disposable income also goes up. This will increase the healthcare industry and many others, like pharmaceuticals, which heavily require machinery for EUS. On the other hand, there is excellent awareness about health in Latin America, which consequently gives way to increasing demand for various diagnostic tests and treatments.
  • Middle East and Africa: MEA is yet another developing market for ultrasound system, with the expansion being quite stifled due to certain constraints. On the other hand, the capability to produce results is low in the MEA market. The region would heavily depend on imports from the rest of the world. Further, the regulatory frameworks for specialty enzymes may vary substantially between countries in the MEA region.

Endoscopy Ultrasound Market Report Scope:

Attribute

Details

Market Size 2024

USD 901.5 Million 

Projected Market Size 2034

USD 1554.2 Million

CAGR Growth Rate

7.2%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Million & CAGR from 2024 to 2034

Market Segmentation

By Product- Endoscopes, Ultrasound Probes, Ultrasonic Processors, Imaging Systems, Needles, and Accessories

By Application- Oncology (Upper GI Oncology and Lower GI Oncology and Pancreatic Conditions

By Technology- Radial Scanning and Linear Scanning

By Procedure -Upper EUS, Lower EUS, and EUS-guided Fine-Needle Aspiration

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study segmented the target market report based on Product Type, Application, Technology, Procedure and Region.

Segmentation:

By Product Type:

  • Endoscopes
  • Ultrasound Probes
  • Ultrasonic Processors
  • Imaging Systems
  • Needles and Accessories

By Application:

  • Upper GI Oncology
  • Lower GI Oncology
  • Pancreatic Conditions

By Technology:

  • Radial Scanning
  • Linear Scanning

By Procedure:

  • Upper EUS
  • Lower EUS
  • EUS-guided Fine-Needle Aspiration

By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Global Endoscopy Ultrasound EUS Market Competitive Landscape & Key Players

The key players operating the Endoscopy Ultrasound (EUS) Market includes Olympus Corp., CONMED Corp., Boston Scientific Corp., PENTAX Medical Inc., KARL STORZ Endoscopy-America, Inc., FUJIFILM Holdings Corp., Medtronic PLC., Ethicon Inc., Stryker Corp., and HOYA Corp.

Endoscopy Ultrasound (EUS) Market Players

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Global Endoscopy Ultrasound EUS Market Recent News

 

Global Endoscopy Ultrasound EUS Market Company Profile

  • Olympus Corp.
  • CONMED Corp.
  • Boston Scientific Corp.
  • PENTAX Medical Inc.
  • KARL STORZ Endoscopy-America, Inc.
  • FUJIFILM Holdings Corp
  • Medtronic PLC.
  • Ethicon Inc.
  • Stryker Corp.
  • HOYA Corp.

FAQs

Endoscopy Ultrasound Market Size was valued at USD 901.5 Million in 2024 and is expected to reach USD 1554.2 Million by 2034 growing at a CAGR of 7.2%

Endoscopy Ultrasound Market is segmented into Product Type, Application, Technology, Procedures, and Region.

Factors driving the market include the growing demand for body scan and the rising demand for pharmaceuticals and cancer diagnostics.

The Market's restraints include the expensive research, development, and production costs for EUS machinery, which are among the major constraints to the sector's growth.

The EUS market is segmented by region into North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa. North America is expected to dominate the Market.

The key players operating the Endoscopy Ultrasound (EUS) Market includes Olympus Corp., CONMED Corp., Boston Scientific Corp., PENTAX Medical Inc., KARL STORZ Endoscopy-America, Inc., FUJIFILM Holdings Corp., Medtronic PLC., Ethicon Inc., Stryker Corp., and HOYA Corp.