(MENAFN- America News Hour) Research Nester published a report titled “ endoscopic ultrasound needles market : Global Demand Analysis & Opportunity Outlook 2033 ” which delivers detailed overview of the global endoscopic ultrasound needles market in terms of market segmentation by product, application, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The is estimated to grow with a CAGR of ~5% over the forecast period, i.e., 2023 – 2033. The market is segmented and analyzed for demand and supply by end-user into hospitals, ambulatory surgical centers, and specialty clinics. Among these, the hospital segment is expected to upsurge the market share by the end of 2033 on the back of an increase in cases of lung and digestive diseases across the globe. The number of deaths that occurred on account of chronic lower respiratory diseases including asthma was about 152,657 in 2020.
The global endoscopic ultrasound needles market is estimated to grow owing to the increase in the use of endoscopic needles and the rise in the practice of minimally invasive techniques by physicians during the forecast period. About 111% raise in minimally invasive surgeries were observed between 2003 -2018 with an increase from 133 to 208 surgeries.
Geographically, the global endoscopic ultrasound needles market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in North America region is anticipated to hold the largest market share by the end of 2033 on the account of an increase in government investment in healthcare development. In Angola in 2018, the government budget for health and education raised to USD 400 million contributing to 16 million for children.
Increase in Prevalence of Gastrointestinal Cancer and Stomach Cancer to Drive the Market Growth
Gastrointestinal cancer cases occur 1 in 4 members around the globe and with 1 in 3 deaths.
The changing food habits of the population and increase in consumption of junk foods are estimated to fuel the market growth. Further, eating more oily and spicy foods cause an increased risk of gastric issues leading to the growth of the market.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
However, the high cost of endoscopic ultrasound needles and lack of skilled professionals are expected to operate as key restraints to the growth of the global endoscopic ultrasound needles market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the market which includes company profiling of Cook Group Incorporated, Medi-Globe GmbH, Medtronic Plc, Micro-Tech Endoscopy, Olympus Corporation, Medline Industries, LP, CIVCO Medical Solutions, Protek Medical Products Inc., Spectra Medical Devices, LLC, and ACE Medical Devices Pvt. Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global endoscopic ultrasound needles market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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