Endoscopic Ultrasound Needles Industry - Regional Synopsis
North American Market Forecast
The market in the North American region is projected to hold the largest market share by the end of 2037. This can be attributed to the account of rising government organizations’ investments in the development of healthcare. For instance, in Angola, the government raised the healthcare budget to about USD 400 million for health and education contributing 16 million to children in 2019. The growing use of advanced diagnostic procedures in the field of gastroenterology, pulmonology, and oncology in Canada and the United States is expected to drive the growth of the endoscopic ultrasound needles market in this region.
APAC Market Statistics
The Asia Pacific endoscopic market, amongst the market in all the other regions, is projected to hold the second largest during the forecast period. The growing incidence of cancer and chronic hepatobiliary diseases among the population in the Asia Pacific region is anticipated to drive the growth of the endoscopic ultrasound needle market in this region. Additionally, the market in the Asia Pacific region is projected to show significant growth owing to a large amount of healthcare expenditure in the region. Additionally, the low cost of production and raw materials in China and India have attracted many pharmaceuticals and biotechnological industries from around the globe to open businesses in this region which is also expected to fuel the market growth in the region.
