About Endobronchial Ultrasound Biopsy Device
The global demand for Endobronchial Ultrasound Biopsy Device is increasing due to the rising number of lungs cancer cases across the regions. Endobronchial ultrasound (EBUS)-guided transbronchial needle aspiration (TBNA) is important in the evaluation of thoracic lymphadenopathy. Reliably providing excellent diagnostic yield for malignancy, its diagnosis of sarcoidosis is inconsistent.Endobronchial ultrasound (EBUS) is primarily used in a diagnosis of the progression of lung cancer, its stages, and assessment of the further possible spread of the diseases to neighbouring body parts including lymph nodes. The EBUS and endobronchial ultrasound-assisted transbronchial needle aspiration (EBUS TBNA) are recently developed advanced techniques and show promising results in the evaluation of pulmonary nodules, and diagnosis of lung infections. However, the higher prevalence of SARS-CoV-2 virus in people with lung disorders is attributed to higher mortality and morbidity rates, which would soar the demand for endobronchial ultrasound biopsy devices in the market
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
The majority of the Endobronchial Ultrasound Biopsy equipment is being manufactured by the global key players. Market leaders with more funds for research and a better distribution system have established their position in the market. Moreover, Asia-pacific is witnessing the emergence of some small players due to the rise of awareness. This has also helped the market grow. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Endobronchial Ultrasound Biopsy Device market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Boston Scientific Corporation (United States), Clinodevice (Turkey), Conmed Corporation (United States), Cook Medical (Canada), Fujifilm Corporation (Japan), Medi-Globe GmbH (Germany), Medtronic plc (United States), Olympus Corporation (Japan), Pentax Medical (United States) and Veran Medical Technologies (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Endobronchial Ultrasound Biopsy Device market by Type (EBUS-TBNA, Bronchoscopes and probes, Biopsy forceps and needles, Ultrasound processor and needles, Cytology brushes and spray catheter and Others), Application (Infection diagnosis, Lung cancer diagnosis and Others) and Region.
On the basis of geography, the market of Endobronchial Ultrasound Biopsy Device has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Endobronchial Ultrasound Biopsy Device market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing demand for Minimally Invasive Procedures and Increasing incidences of lung cancer
Market Growth Drivers:
Rising Geriatric Population and Increasing Prevalence of Respiratory Disorders
Challenges:
Lack Reimbursement Policies in Developing Countries
Restraints:
High Cost of Equipment
Opportunities:
The technological development in EBUS devices
Market Leaders and their expansionary development strategies
In May 2022, Fujifilm India installed its first Endobronchial Ultrasound System (EBUS) at ESIC Medical College & Hospital, Faridabad. It has been installed in the hospital's respiratory medicine department for assisting doctors to carry out an advanced diagnosis of lung diseases.
In May 2021, Olympus, a leading manufacturer of optics and reprography products launched its new endobronchial ultrasound (EBUS) bronchoscope, BF-UC190F under the EBUS portfolio of devices. The newly launched device is FDA 510(k) cleared and used for minimally invasive diagnosis and staging of lung cancer. The BF-UC190F comes with a 6.6mm distal diameter and 120 degrees to 160 degrees angulation that provides easy and smoother access to the lung.
Key Target Audience
Government Regulatory Bodies, Government research Organization, Private Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.