Endoscopic Ultrasound Needles Market Size

Endoscopic Ultrasound Needles Market size was valued at USD 18.92 Million in 2023 and is expected to reach USD 36.12 Million by 2036, registering around 5.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of endoscopic ultrasound needles is evaluated at USD 19.84 Million.. 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.