Sarasota, FL -- (SBWIRE) -- 12/20/2018 -- Global Endoscopic Ultrasound Needles Market: Overview
Endoscopic ultrasound or EUS is a minimally invasive surgical process, which involves ultrasonic and visual imaging of the abdominal and thoracic regions. Generally, an endoscope provides imaging of gut's inner walls, whereas an EUS needle offers various organs' ultrasound imaging past the gut wall. The process of EUS is conducted for both therapeutic and diagnostic purposes. EUS endoscope is selected based on specific organ and application. The demand and popularity of the endoscopic ultrasound needles market on a global scale can be attributed to the increasing geriatric population and the growing occurrence of gastrointestinal cancers.
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Global Endoscopic Ultrasound Needles Market: Growth Factors
The major growth driver in the global endoscopic ultrasound needles market is the increasing geriatric population and the growing occurrence of gastrointestinal cancers. The rising prevalence of varied diseases, such as pancreatic, liver and hepatobiliary, lung, and gastrointestinal cancers, increasing preference of patients toward minimally invasive surgical procedures, and growing technological advancements made related to endoscopic ultrasound needles are likely to fuel the expansion of the endoscopic ultrasound needles market across the world in the upcoming years. Additionally, the use of biopsy and aspiration needles for diagnosing pleural effusion and lung cancers is also rising, thus, propelling the market for endoscopic ultrasound needles. The presence of cost-effective manufacturing facilities in China and India helps in meeting the increased product demand in the Asia Pacific. This, in turn, is likely to create new growth avenues for the market players in the region.
Global Endoscopic Ultrasound Needles Market: Segmentation
The global endoscopic ultrasound needles market is classified into product, end-user, and application. By product, this market is fragmented into biopsy needles (EUS-FNB) and aspiration needles (EUS-FNA). The EUS-FNB segment is likely to dominate the market in the upcoming years, due to increased product usage for EUS of different non-pancreatic lesions, such as submucosal lesions, lymphoma, autoimmune pancreatitis, etc. Based on end-user, the market includes specialty clinics, ambulatory surgical centers, and hospitals. On the basis of application, the endoscopic ultrasound needles market is bifurcated into enteral needles and bronchial needles.
Global Endoscopic Ultrasound Needles Market: Regional Analysis
The global endoscopic ultrasound needles market is classified into Europe, North America, the Middle East and Africa, Latin America, and Asia Pacific. In 2017, the North American endoscopic ultrasound needles market dominated globally. This was due to the growing use of advanced diagnostic procedures in pulmonology, oncology, and gastroenterology in Canada and the U.S. and the presence of major market players in the region. The Asia Pacific region is likely to register the fastest rate of growth in the endoscopic ultrasound needles market over the estimated time period. This can be attributed to the growing occurrences of chronic hepatobiliary diseases and cancer in the region and rising expenditure related to healthcare. Furthermore, developing economies, such as China and India, have cost-effective manufacturing facilities, which is fuelling the increased production. This, in turn, attracts key biotechnological and pharmaceutical companies from all over the world, thereby further boosting the region's endoscopic ultrasound needles market.
Global Endoscopic Ultrasound Needles Market: Competitive Players
Some of the most important market players in the global endoscopic ultrasound needles market include Medtronic PLC, ACE Medical Devices, Medi-Globe GmbH, CONMED Corporation, Cook Medical, Boston Scientific Corporation, and Olympus Corporation, among others.
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Global Endoscopic Ultrasound Needles Market: Regional Segment Analysis
North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa