Endoscopic Ultrasound Needles Market Size

  • Report ID: 4312
  • Published Date: Mar 24, 2023
  • Report Format: PDF, PPT

Endoscopic Ultrasound Needles Market Size

Endoscopic Ultrasound Needles Market size is expected to surpass USD 22 million by the end of 2035, growing at a CAGR of 5% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of endoscopic ultrasound needles was over USD 18 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.


Endoscopic Ultrasound Needles Market
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Author Credits:  Radhika Pawar


  • Report ID: 4312
  • Published Date: Mar 24, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The rise in the prevalence of gastrointestinal and stomach cancer and high use by physicians are the major factors driving the growth of the endoscopic ultrasound needles market.

The market is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2023-2035.

The high cost of endoscopic ultrasound needles and the lack of skilled professionals are the few factors likely to hamper the market growth.

The market in North America is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Medtronic Plc, Micro-Tech Endoscopy, Olympus Corporation, Medline Industries LP, Civco Medical Solutions, Protek Medical Products Inc., Spectra Medical Devices LLC, ACE Medical Devices Pvt Ltd, and many more.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by production, application, region, and end user.

The hospital sub-segment from the end-user segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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