$2.2+ Billion Endoscopic Ultrasound (EUS) Market by 2023 - Increased government support for healthcare services enhances
PORTLAND, OR, UNITED STATES, November 28, 2024 /EINPresswire.com/ -- The global endoscopic ultrasound (EUS) market is experiencing significant growth, projected to expand from $1.2 billion in 2021 to $2.2 billion by 2031, with a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2022 to 2031. This medical procedure combines endoscopy with ultrasound technology, enabling healthcare professionals to visualize internal organs and adjacent structures within the chest, abdomen, and colon.
๐๐๐ญ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.alliedmarketresearch.com/request-sample/A17600
Key Drivers of Market Growth
Several factors are contributing to the robust growth of the EUS market:
โข Increasing Incidence of Gastrointestinal Disorders: The rise in gastrointestinal diseases, including colorectal cancerโwhich affected approximately 1.88 million individuals in 2020โhas heightened the demand for diagnostic procedures like EUS
.
โข Rising Prevalence of Chronic Diseases: Chronic conditions such as obesity and liver diseases are on the rise, necessitating advanced diagnostic tools
. For example, around 4.5 million adults in the U.S. were diagnosed with liver disease as of January 2022
.
โข Geriatric Population Growth: The aging population is more susceptible to chronic diseases and gastrointestinal issues. In 2021, over 20.8% of the EU population was aged 65 and above, further driving demand for EUS
โข Technological Advancements: Continuous innovations and product launches in the EUS sector enhance diagnostic capabilities. For instance, SonoScape Medical's launch of the linear echoendoscope EG-UC5T exemplifies advancements aimed at improving visualization during procedures
โข Healthcare Infrastructure Expansion: The increase in hospitals and healthcare facilities globally, along with rising healthcare expenditures, supports market growth. In the U.S., health spending surged by 9.7% to $4.1 trillion in 2020
.
Market Segmentation
The EUS market is categorized based on product type, application, and end-user:
โข By Product:
โข Endoscopes
โข Ultrasound Probes
โข Ultrasonic Processors
โข Imaging Systems
โข Needles
โข Accessories
โข By Application:
โข Oncology
โข Pancreatic Conditions
โข Other Applications
โข By End User:
โข Hospitals
โข Ambulatory Surgical Centers
โข Other Healthcare Facilities
Regional Insights
Geographically, North America holds a substantial share of the EUS market due to well-established healthcare infrastructure and a high incidence of chronic diseases. However, significant growth is anticipated in the Asia-Pacific region driven by improvements in healthcare access and a large population base
Summary of Market Trends
โข Dominance of Endoscopes: The endoscope segment led the market share in 2021 and is expected to maintain this position due to ongoing advancements in healthcare technology
โข Growth in Ambulatory Surgical Centers: The ambulatory surgical center segment is projected to grow significantly as these facilities become increasingly popular for minimally invasive procedures
โข Government Initiatives: Increased government support for healthcare services enhances market dynamics by improving access to diagnostic tools like EUS
In conclusion, the global endoscopic ultrasound market is poised for substantial growth driven by technological advancements, demographic shifts, and an increasing prevalence of gastrointestinal disorders. As healthcare systems evolve and adapt to these challenges, EUS will play a critical role in enhancing diagnostic accuracy and patient outcomes.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/A17600
๐๐๐ญ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.alliedmarketresearch.com/request-sample/A17600
Key Drivers of Market Growth
Several factors are contributing to the robust growth of the EUS market:
โข Increasing Incidence of Gastrointestinal Disorders: The rise in gastrointestinal diseases, including colorectal cancerโwhich affected approximately 1.88 million individuals in 2020โhas heightened the demand for diagnostic procedures like EUS
.
โข Rising Prevalence of Chronic Diseases: Chronic conditions such as obesity and liver diseases are on the rise, necessitating advanced diagnostic tools
. For example, around 4.5 million adults in the U.S. were diagnosed with liver disease as of January 2022
.
โข Geriatric Population Growth: The aging population is more susceptible to chronic diseases and gastrointestinal issues. In 2021, over 20.8% of the EU population was aged 65 and above, further driving demand for EUS
โข Technological Advancements: Continuous innovations and product launches in the EUS sector enhance diagnostic capabilities. For instance, SonoScape Medical's launch of the linear echoendoscope EG-UC5T exemplifies advancements aimed at improving visualization during procedures
โข Healthcare Infrastructure Expansion: The increase in hospitals and healthcare facilities globally, along with rising healthcare expenditures, supports market growth. In the U.S., health spending surged by 9.7% to $4.1 trillion in 2020
.
Market Segmentation
The EUS market is categorized based on product type, application, and end-user:
โข By Product:
โข Endoscopes
โข Ultrasound Probes
โข Ultrasonic Processors
โข Imaging Systems
โข Needles
โข Accessories
โข By Application:
โข Oncology
โข Pancreatic Conditions
โข Other Applications
โข By End User:
โข Hospitals
โข Ambulatory Surgical Centers
โข Other Healthcare Facilities
Regional Insights
Geographically, North America holds a substantial share of the EUS market due to well-established healthcare infrastructure and a high incidence of chronic diseases. However, significant growth is anticipated in the Asia-Pacific region driven by improvements in healthcare access and a large population base
Summary of Market Trends
โข Dominance of Endoscopes: The endoscope segment led the market share in 2021 and is expected to maintain this position due to ongoing advancements in healthcare technology
โข Growth in Ambulatory Surgical Centers: The ambulatory surgical center segment is projected to grow significantly as these facilities become increasingly popular for minimally invasive procedures
โข Government Initiatives: Increased government support for healthcare services enhances market dynamics by improving access to diagnostic tools like EUS
In conclusion, the global endoscopic ultrasound market is poised for substantial growth driven by technological advancements, demographic shifts, and an increasing prevalence of gastrointestinal disorders. As healthcare systems evolve and adapt to these challenges, EUS will play a critical role in enhancing diagnostic accuracy and patient outcomes.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/A17600
David Correa
Allied Market Research
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