Endoscopic Ultrasound Needles Market - Snapshot

Endoscopic ultrasound (EUS) is a minimally invasive procedure that involves visual as well as ultrasonic imaging of the thoracic and abdominal regions. Since its introduction in the 1980s, EUS has gained wide acceptance among surgeons and physicians in the fields of pulmonology and gastroenterology. A conventional endoscope can provide imaging of the inner wall of the gut, while EUS provides ultrasound imaging of the organs beyond the gut wall. The EUS procedure is performed for diagnostic and therapeutic purposes. Selection of the EUS endoscope depends on the application and the organ. EUS-guided needles are used for collection of specimens from organs such as the pancreas, the liver, and the lymph nodes for cytological and histological studies. These specimens are collected for the diagnosis of pancreatic cancer, hepato-billiary diseases, and metastatic cancer. In 2016, the global market for endoscopic ultrasound needles was worth US$ 272.7 Mn and is expected to expand at a CAGR of 4.5% from 2017 to 2025. Other imaging methods are also available. However, specimens collected by using EUS-guided needles offer cytological and histological studies of the diseased organ.

EUS needles are widely used for the collection of specimens from the pancreas, the liver, and the lymph nodes for diagnosis of cancer and other chronic diseases. Applications such as bronchial and endoscopy of other organs than gastrointestinal organs  are expected to show potential for the endoscopic ultrasound needles market in the future.

global endoscopic ultrasound needles market

The overall endoscopic ultrasound needles market can be segmented based on product, application, end-user, and geography. In terms of product, the market can be divided into aspiration needles (EUS-FNA) and biopsy needles (EUS-FNB). The aspiration needles segment is likely to account for a leading share of the global EUS needles market during the forecast period, owing to wide usage of these needles in pulmonology and gastroenterology. Technological developments in EUS biopsy needles are estimated to result in significant expansion of the biopsy needles segment during the forecast period. Based on application, the endoscopic ultrasound needles market can be classified into bronchial EUS needles and enteral EUS needles. Increasing adoption of EUS needles in gastroenterology is likely to fuel the enteral EUS needles segment in the next few years. In terms of end-user, the market can be categorized into hospitals, ambulatory surgical centers, and specialty clinics. The ambulatory surgical centers segment is estimated to expand at a rapid pace during the forecast period, owing to increasing number of these centers and rising number of endoscopic ultrasound procedures performed in these centers.

In terms of geography, the endoscopic ultrasound needles market in Asia Pacific is likely to expand at a high CAGR during forecast period of 2017 to 2025. Increase in the incidence of cancer and chronic hepatobiliary diseases is projected to fuel the market in the region during the forecast period. Additionally, rise in health care expenditure in the region is likely to fuel the market. Moreover, low cost of manufacturing in China and India has resulted in the rise in the production facilities in these countries, attracting pharmaceutical and biotechnological giants from across the world.

Majority of the endoscopic ultrasound needles products are manufactured by key players covered in this report such as Olympus Corporation, Medtronic, Cook Medical, CONMED Corporation, Medi-globe, ACE Medical Devices Pvt. Ltd., and Boston Scientific Corporation. The market leaders in this industry have established their stand in the market and enjoy brand loyalty among customers. These manufacturers have a wide product range and have an extensive distribution system across the world. In addition, small players are entering the market, especially in the emerging countries of Asia. However, stringent regulatory framework and high quality standards set by the market leaders may restrain the speed of market penetration by new entrants.

Global Endoscopic Ultrasound Needles Market: Overview

This report on the endoscopic ultrasound needles market analyzes the current and future scenario of the global market. Rise in geriatric population, high prevalence of gastrointestinal related cancers, and rising patient preference for minimally invasive surgeries are the major drivers of the global endoscopic ultrasound needles market.

The endoscopic ultrasound needles market report comprises an elaborate executive summary, which includes a market snapshot that provides information about various segments of the market. It also provides information and data analysis of the global market with respect to the segments based on product, application, end-user, and geography. A detailed qualitative analysis of drivers and restraints of the market and opportunities has been provided in the market overview section. In addition, the section comprises competitive matrix and company profiles with business overview to understand the competitive landscape in the market. This section of the report also provides market attractiveness analysis, by geography, and market share analysis, by key players, thus presenting a thorough analysis of the overall competitive scenario in the global endoscopic ultrasound needles market.

Global Endoscopic Ultrasound Needles Market: Key Segments

The overall endoscopic ultrasound needles market can be segmented based on product, application, end-user, and geography. In terms of product, the market can be divided into aspiration needles (EUS-FNA) and biopsy needles (EUS-FNB). The aspiration needles segment is likely to account for a leading share of the global EUS needles market during the forecast period, owing to wide usage of these needles in pulmonology and gastroenterology. Based on application, the endoscopic ultrasound needles market can be segmented into bronchial EUS needles and enteral EUS needles. Increasing adoption of EUS needles in gastroenterology is likely to fuel the enteral EUS needles segment in the next few years. In terms of end-user, the market can be classified into hospitals, ambulatory surgical centers, and specialty clinics. The market size and forecast for each of these segments have been provided for the period from 2015 to 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year.

Global Endoscopic Ultrasound Needles Market: Regional Outlook

In terms of geography, the global endoscopic ultrasound needles market can be categorized into North America (the U.S., Canada), Europe (the U.K., Germany, France, Spain, Italy, and Rest of Europe), Asia Pacific (India, China, Japan, Australia & New Zealand and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (South Africa, GCC countries, and Rest of Middle East & Africa). The market size and forecast for each of these regions and the mentioned countries have been provided for the period from 2015 to 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year. The research study also covers the competitive scenario in these regions.

Companies Mentioned in the Report

The report also profiles major players in the global endoscopic ultrasound needles market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. The major players in the endoscopic ultrasound needles market are Olympus Corporation, Medtronic, Cook Medical, CONMED Corporation, Medi-globe, ACE Medical Devices Pvt. Ltd. and Boston Scientific Corporation, and ACE Medical Devices Pvt. Ltd.

The global endoscopic ultrasound needles market is segmented as follows:

BY Product, 2015–2025

  • Aspiration needles (EUS-FNA)
  • Biopsy needles (EUS-FNB)

BY Application, 2015–2025

  • Bronchial needles
  • Enteral needles

BY End-user, 2015–2025

  • Hospitals
  • Ambulatory surgical centers
  • Specialty Clinics

BY Geography, 2015–2025

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC countries
    • South Africa
    • Rest of Middle East & Africa