Endoscopic Ultrasound Market: Size, Share and Forecast for 2028Posted by Kumar on December 15th, 2023 The TechSci Research report, "Global Endoscopic Ultrasound Market Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028," delves into the expansive domain of the Global Endoscopic Ultrasound Market, currently valued at USD 1.25 billion in 2022 and forecasted to exhibit impressive growth at a CAGR of 6.10% until 2028. This growth trajectory is attributed to strategic collaborations among industry giants, pooling diverse expertise to fortify market positions. An imperative catalyst driving demand for endoscopic ultrasound (EUS) is the burgeoning aging population. As individuals age, susceptibility to age-related diseases like gastrointestinal cancers, pancreatic diseases, and lung conditions escalates, necessitating accurate diagnostic procedures such as EUS for precise assessment, diagnosis, and staging. Moreover, diseases commonly diagnosed through EUS, including pancreatic cancer, lung cancer, and gastrointestinal malignancies, become more prevalent with age, amplifying the need for EUS procedures. Given the complexity of health needs in older adults, EUS emerges as an invaluable tool for healthcare professionals to tailor comprehensive assessments and treatment plans for elderly patients. This precision is particularly crucial considering the prevalence of underlying health conditions in older demographics. Browse over XX market data Figures and spread through XX Pages and an in-depth TOC on " Global Endoscopic Ultrasound Market.” - https://www.techsciresearch.com/report/-endoscopic-ultrasound-market/21135.html In the realm of innovations, FUJIFILM India made a significant stride in February 2023 by introducing the PB2020-M2, a compact ultrasonic probe system. This cutting-edge innovation streamlines examinations by providing real-time ultrasound imaging of peripheral lung lesions. Furthermore, FUJIFILM India's Endoscopy Division introduced the slimline Video Bronchoscope EB-710P, featuring an exceptionally compact CMOS sensor, facilitating easier access to the periphery of the lung compared to conventional systems. However, challenges in patient acceptance and awareness hinder the global EUS market. Despite being minimally invasive compared to traditional surgical methods, EUS procedures may still be perceived as invasive by some patients, leading to reluctance due to fears of discomfort or pain. Limited awareness among patients about the procedure's benefits and apprehensions surrounding medical terminology and technical aspects of EUS can deter patients from seeking this diagnostic or therapeutic option. Effective communication from healthcare providers about the procedure's purpose and benefits is imperative to bridge this knowledge gap and foster patient acceptance. The report segments the Global Endoscopic Ultrasound Market based on Product, Application, End-use, and Region. The Product segment includes Needle, Endoscope, Ultrasound Probe, Accessories, and Ultrasonic Processors, with the latter playing a pivotal role in generating and interpreting ultrasound images during EUS procedures, offering multidimensional imaging for detailed anatomical assessments and surgical planning. Geographically, North America leads the market due to historically favorable healthcare reimbursement systems encouraging the provision of EUS procedures, coupled with the presence of leading medical device manufacturers and institutions engaging in EUS research and development. Additionally, high patient awareness in North America prompts further demand for EUS procedures, fostering competition among manufacturers and spurring the development of improved and accessible EUS technologies and services. Benefits of the Research Report:
This comprehensive report equips stakeholders with invaluable insights to navigate the evolving landscape of the Global Endoscopic Ultrasound Market, fostering informed decision-making and advancements in diagnostic technologies worldwide. Some of the major companies operating in the Global Endoscopic Ultrasound Market include:
“Certain areas, particularly in North America, are projected to exert significant demand for Endoscopic Ultrasound. The growth in the competitive landscape and the presence of well-established companies in the market, committed to enhance the overall wellbeing of people each year, are expected to contribute to a remarkable growth of the Global Endoscopic Ultrasound Market in the forecast period," said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm. Endoscopic Ultrasound Market by Product (Needle, Endoscope, Ultrasound Probe, Accessories, Ultrasonic Processors), By Application (Gastrointestinal Cancer, Lung Cancer, Pancreaticobiliary Disease, others), By End-use (Hospitals & Clinics, Ambulatory Surgical Centers, others), By Region, By Competition Forecast & Opportunities, 2018-2028F has evaluated the future growth potential of Global Endoscopic Ultrasound Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide innovative market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Endoscopic Ultrasound Market.
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