About Endoscopic Ultrasound
Endoscopic ultrasound is a surgical technique that combines endoscopy and ultrasound to provide photographs of the internal organs of the chest, abdomen, and colon. It can be used to look at adjacent structures or imagine the walls of these organs. High-frequency sound waves are used by a special endoscope to create clear images of the lining and walls of the digestive tract and chest, as well as nearby organs like the pancreas and liver, and lymph nodes. The use of endoscopic ultrasound equipment is increasingly expanding. It's widely used in the diagnosis and treatment of gastrointestinal diseases, including stomach cancer. The demand for echo-endoscopy equipment is increasing as the incidence of gastric cancer rises. In addition, technological advances and strategic distribution agreements among key market players are expected to boost the global EUS market in the coming years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Endoscopic Ultrasound market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Endoscopic Ultrasound Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Endoscopic Ultrasound 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.
Olympus Corporation. (Japan), Hoya Corporation (Japan), PENTAX Medical. (United States), FUJIFILM Holdings Corporation. (Japan), Cook Medical (United States), Boston Scientific Corporation (United States), Medtronic (Ireland) and Hologic (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Medi-Globe GmbH (Germany), CONMED Corporation (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Endoscopic Ultrasound market by Type (Endoscopes, Imaging Systems, Needles, Ultrasonic Processors, Ultrasound Probes and Others), Application (Oncology, Pancreatic Conditions and Others) and Region.
On the basis of geography, the market of Endoscopic Ultrasound 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). If we see Market by Technology, the sub-segment i.e. Radial Scanning will boost the Endoscopic Ultrasound market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Hospital will boost the Endoscopic Ultrasound market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Investment in Healthcare Industry
Market Growth Drivers:
Rising Demand Due to High Accuracy In Diagnosis And Treatment Of Gastrointestinal (GI) Diseases and Increasing Pervasiveness of Gastrointestinal Cancers
Challenges:
Lack of Skilled Professionals and Training Programs
Restraints:
Increased Investment in Healthcare Industry
Opportunities:
Constant Technological Advances and Innovations in Endoscopic Ultrasound Products
Market Leaders and their expansionary development strategies
In July 2020. HOYA Corporation and Hitachi, Ltd. announced a five year contract regarding Endoscopic Ultrasound Systems [EUS] by which, i) the parties will strengthen technical collaboration, and ii) Hitachi will continue supplying diagnostic ultrasound systems and ultrasound sensor related parts used in EUS.
In February 2024, FUJIFILM India Launches most advanced Endoscopic Ultrasound Machine ALOKA ARIETTA 850 with the First-ever Installation in Fortis Hospital Bengaluru, Karnataka in India | Fujifilm [India]
Endoscopic ultrasound devices have been recognized by the FDA as Class II or Class III medical devices. Class II devices require Premarket Notification 510(k). A 510(k) must demonstrate that the device is substantially equivalent to one legally in commercial distribution in the United States:
Key Target Audience
Manufacturers of Endoscopic Ultrasound, Suppliers of Endoscopic Ultrasound, Wholesalers, Distributors and Retailers of Endoscopic Ultrasound, Healthcare Industry and Governmental bodies
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.