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Endoscopic Ultrasound Market Size

Report ID: GMI10191
Published Date: Jul 2024
Report Format: PDF

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Endoscopic Ultrasound Market Size

Endoscopic Ultrasound Market size was valued at USD 1.2 billion in 2023 and is anticipated to witness a CAGR of 6.9% from 2024 to 2032. The endoscopic ultrasound (EUS) market is experiencing growth driven by the rising incidence of gastrointestinal diseases, favorable reimbursement policies, and increasing demand for minimally invasive procedures.

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Gastrointestinal diseases, which include conditions such as colorectal cancer, pancreatitis, inflammatory bowel disease (IBD), and gastrointestinal bleeding, are becoming increasingly prevalent worldwide. For instance, according to an article published by The Lancet in 2024, conservative estimates predict more than 10 million new IBD cases in regions such as Asia, South America, Eastern Europe, and Africa by 2050. The incidence of IBD is rapidly accelerating in these areas. This surge in cases is driven by factors such as aging populations, changes in dietary habits, and lifestyle-related risk factors, leading to greater demand for advanced gastrointestinal diagnostics.

Endoscopic Ultrasound Market Report Attributes
Report Attribute	Details
Base Year:	2023
Endoscopic Ultrasound Market Size in 2023:	USD 1.2 Billion
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	6.9%
2024 – 2032 Value Projection:	USD 2.2 Billion
Historical Data for:	2021 – 2023
No. of Pages:	135
Tables, Charts & Figures:	178
Segments covered:	Component, Application, End-use, and Region
Growth Drivers:	Rising incidence of gastrointestinal diseases Technological advancements Favorable reimbursement policies Increasing demand for minimally invasive procedures
Pitfalls & Challenges:	Stringent regulatory framework High cost of EUS equipment and procedures

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Additionally, favorable reimbursement policies for EUS procedures in many regions support market growth by making these advanced diagnostic and therapeutic options more affordable for patients. The economic burden of untreated or late-diagnosed gastrointestinal diseases, which can lead to higher healthcare costs and lower quality of life, highlights the value of investing in early and accurate diagnostic tools like EUS.

Endoscopic ultrasound is a medical procedure that combines endoscopy and ultrasound to obtain detailed images and information about the digestive tract and surrounding tissues and organs. This procedure provides high-resolution images that aid in the accurate diagnosis and management of various gastrointestinal conditions.

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

Endoscopic ultrasound industry size was USD 1.2 billion in 2023 and is projected to expand at 6.9% CAGR from 2024 to 2032, due to the rising incidence of gastrointestinal diseases, favorable reimbursement policies, and increasing demand for minimally invasive procedures.

The endoscope component segment in the endoscopic ultrasound industry accounted for 32.1% share in 2023 due to their ability to provide detailed examination of the gastrointestinal mucosa, submucosa, and adjacent structures.

The oncology application segment in the endoscopic ultrasound industry is projected to record USD 1.4 billion by 2032, due to the rising incidence of gastrointestinal cancers, including esophageal, gastric, pancreatic, and colorectal cancers.

North America endoscopic ultrasound industry size recorded USD 501.8 million in revenue in 2023 and is projected to grow at 6.3% CAGR from 2024 to 2032, led by the presence of robust healthcare infrastructure and high adoption rates of advanced medical technologies.