Endoscopy Ultrasound Market US$ 1.85 Billion Value by 2032

In 2022, the endoscopy ultrasound market was valued at approximately US$ 997 million and is expected to demonstrate a Compound Annual Growth Rate (CAGR) of 5.7% throughout the forecast period, ultimately reaching a value of nearly US$ 1.85 billion by 2032.

Endoscopy ultrasound, also referred to as endoscopic ultrasound (EUS), represents a minimally invasive medical technique that combines endoscopy and ultrasound imaging methods. Its application involves visualizing and inspecting the gastrointestinal tract walls and nearby structures. The healthcare industry has witnessed the significant prominence of endoscopy ultrasound due to its capacity to deliver high-resolution images for diagnosing and staging various diseases. The global endoscopy ultrasound market has experienced substantial growth in recent years, driven by technological advancements, the rising prevalence of gastrointestinal ailments, and an increasing demand for minimally invasive diagnostic procedures.

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Market Opportunity:

The endoscopy ultrasound market is poised for further expansion, presenting a plethora of opportunities for both established and emerging players in the industry. Several factors contribute to these opportunities:

Growing Demand for Minimally Invasive Procedures: Patients and healthcare providers increasingly prefer minimally invasive procedures due to their shorter recovery times, reduced complications, and improved patient outcomes. Endoscopy ultrasound aligns with this trend, as it allows for accurate diagnoses and staging without the need for extensive surgery.

Rising Incidence of Gastrointestinal Disorders: The global burden of gastrointestinal diseases, including colorectal cancer, pancreatic diseases, and esophageal disorders, is on the rise. Endoscopy ultrasound plays a crucial role in diagnosing and staging these conditions, making it an indispensable tool for healthcare professionals.

Technological Advancements: Advances in endoscopy ultrasound technology, such as the development of high-frequency ultrasound probes and improved imaging quality, have expanded the range of applications for the procedure. This paves the way for the development of new diagnostic and therapeutic approaches.

Market Challenges:

While the endoscopy ultrasound market holds immense potential, it also faces some significant challenges:

High Equipment Costs: Endoscopy ultrasound equipment can be expensive, making it a barrier for healthcare facilities, especially in low-resource settings. This cost factor can limit the market’s growth in certain regions.

Limited Accessibility and Expertise: Access to endoscopy ultrasound services and trained professionals may be limited in some areas. To tap into the full market potential, efforts are needed to improve accessibility and offer training programs for healthcare providers.

Regulatory Hurdles: Stringent regulatory requirements for medical devices and procedures can slow down the introduction of innovative endoscopy ultrasound technologies. Navigating these regulations can be a complex and time-consuming process for manufacturers.

Key Players:

  • Olympus Corporation
  • PENTAX Medical (HOYA Corporation)
  • FUJIFILM Corporation

Competitive Landscape:

Olympus Corporation, the leading player in the market, is dedicated to achieving substantial organic growth by introducing new and innovative products. In 2016, the company made headlines with the launch of the EZ Shot 3 Plus single-use aspiration needle, designed for endoscopic ultrasound-fine needle aspiration (EUS-FNA) treatments. Additionally, Olympus Corporation has successfully developed the ProSound F75 Endoscopy Ultrasound Processor and the EU-ME2 High Quality Ultrasound Processor.

Similarly, FUJIFILM Corporation made a significant impact in 2016 with the release of its Vevo MD, an ultra-high frequency (UHF) clinical ultrasound system, following its FDA certification. The company also offers other imaging options such as the EG-530 UR Ultrasound Video Bronchoscope and the EG-530 UT Ultrasonic Processor SP-900.

In a recent development, Olympus Corporation and Hitachi, Ltd. have announced a collaborative effort to develop endoscopic ultrasound systems over the next five years, starting in June 2021. Under this agreement, Hitachi will continue to supply Olympus with diagnostic ultrasound systems and related components used in EUS.

Key Segments Covered in the Endoscopy Ultrasound Industry Report

  • By Product
    • Endoscope
    • Endoscopy Ultrasound Probe
    • Endoscopy Ultrasonic Processor
    • Endoscopy Ultrasound Imaging Systems
    • Endoscopy Ultrasound Needles
    • Endoscopy Ultrasound Accessories
  • By Procedure
    • Upper Endoscopy Ultrasound
    • Lower Endoscopy Ultrasound
    • Endoscopy Ultrasound Guided Fine-needle Aspiration
    • Other Endoscopy Ultrasound Procedures
  • By Technology
    • Radial Scanning Endoscopy Ultrasound
    • Linear Scanning Endoscopy Ultrasound
  • By Application
    • Oncology
    • Upper GI Oncology
    • Lower GI Oncology
    • Pancreatic Conditions
    • Other Applications
  • By End User
    • Hospitals
    • Specialty Clinics
    • Ambulatory Surgery Centers
    • Diagnostic Centers
  • By Region
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa (MEA)

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