Endoscopic Ultrasound Needles Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Endoscopic Ultrasound Needles Market in 2025 is assessed at USD 20.87 million. The global market size surpassed USD 20.04 million in 2024 and is projected to witness a CAGR of over 5.2%, crossing USD 38.73 million revenue by 2037. North America is anticipated to maintain dominance, due to increasing government spending on diagnostics and healthcare.
The growth of the market can be attributed to the rise in the incidence of chronic diseases across the world. About 6 in 10 U.S. people have a chronic disease as of 2022. Furthermore, the growing prevalence of diseases such as liver, pancreatic, hepatobiliary, and gastrointestinal cancers is another most important factor driving the growth of the global endoscopic ultrasound needle market. Additionally, increase awareness of healthcare and rising healthcare expenditure. The National Healthcare Expenditure of the U.S. during 2020 raised to 9.7% i.e., USD 4.1 trillion.
The increasing use of aspiration and biopsy needles for the detection of pleural effusion and lung cancer is also improving the growth of this market. Also, the increasing need to diagnose tumors and inflammatory lesions situated in and around the gastrointestinal tract is expected to fuel the growth of the global endoscopic ultrasound needle market in the forecast period.
