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Endoscopic Ultrasound Market

Endoscopic Ultrasound Market

The market for Endoscopic Ultrasound was estimated at $889 million in 2024; it is anticipated to increase to $1.47 billion by 2030, with projections indicating growth to around $2.25 billion by 2035.

Report ID:DS1801221
Author:Debadatta Patel - Senior Consultant
Published Date:
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Life Science
Medical Device
Endoscopic Ultrasound
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Report Price: $4,200
Report Summary
Market Data
Methodology
Table of Contents

Global Endoscopic Ultrasound Market Outlook

Revenue, 2024

$889M

Forecast, 2034

$2.07B

CAGR, 2025 - 2034

8.8%

The Endoscopic Ultrasound industry revenue is expected to be around $966.9 million in 2025 and expected to showcase growth with 8.8% CAGR between 2025 and 2034. This promising growth trajectory the Endoscopic Ultrasound market is experiencing is primarily attributed to its increasing significance within the medical sector. Its fundamental drivers include advancements in endoscopic technology, an escalating prevalence of gastrointestinal diseases, and the mounting demand for minimally invasive diagnostic procedures. Ongoing innovations are further fostering the relevance of Endoscopic Ultrasound, thereby supplementing market growth, demonstrating its potential within global healthcare.

The Endoscopic Ultrasound is a remarkable medical technology, intertwining endoscopy and portable ultrasound to obtain high-resolution images of the digestive tract and surrounding tissues. It is extensively utilized in the evaluation of cancer, complex gastrointestinal diseases, and esophageal varices detection, among others.

Endoscopic Ultrasound market outlook with forecast trends, drivers, opportunities, supply chain, and competition 2024-2034
Endoscopic Ultrasound Market Outlook

Market Key Insights

  • The Endoscopic Ultrasound market is projected to grow from $888.7 million in 2024 to $2.07 billion in 2034. This represents a CAGR of 8.8%, reflecting rising demand across Diagnosis & Staging of Cancer, Chronic Pancreatitis Investigation, and Interventional Endoscopy.

  • Boston Scientific, Medtronic plc, and Olympus are among the leading players in this market, shaping its competitive landscape.

  • U.S. and Japan are the top markets within the Endoscopic Ultrasound market and are expected to observe the growth CAGR of 6.4% to 9.2% between 2024 and 2030.

  • Emerging markets including Brazil, India and South Africa are expected to observe highest growth with CAGR ranging between 8.4% to 11.0%.

  • Transition like The Advent of Technological Enhancements is expected to add $149 million to the Endoscopic Ultrasound market growth by 2030

    .

  • The Endoscopic Ultrasound market is set to add $1.2 billion between 2024 and 2034, with manufacturer targeting Therapeutic & Anesthesia Management Application projected to gain a larger market share.

  • With Progression in diagnostic procedures, and increasing cases of Chronic diseases, Endoscopic Ultrasound market to expand 132% between 2024 and 2034.

endoscopic ultrasound market size with pie charts of major and emerging country share, CAGR, trends for 2025 and 2032
Endoscopic Ultrasound - Country Share Analysis

Opportunities in the Endoscopic Ultrasound

The escalating change in consumer needs due to the increased prevalence of gastrointestinal disorders has also led to a notable surge in the demand for endoscopic ultrasound procedures.

Growth Opportunities in North America and Asia Pacific

North America leads the market for Endoscopic Ultrasound, primarily due to increased healthcare spending and advancements in endoscopic technologies. The United States is a significant demand hub driven by a growing number of minimally invasive procedures and a surge in chronic gastrointestinal diseases. The competition is intense with key players like Medtronic and Boston Scientific contributing significantly to the technology advancement and market growth. Growth drivers include the rising prevalence of gastrointestinal cancers, augmenting the demand for Endoscopic Ultrasound for better diagnosis and treatment options.
The Asia Pacific region exhibits rapid growth in the Endoscopic Ultrasound market. Factors such as rising healthcare expenditure, an increasing elderly population, and improved healthcare infrastructure are driving this growth. Countries like China and India show considerable promise due to a high incidence of gastric cancer and increased accessibility to advanced healthcare facilities. The competition here is mounting with local players such as Olympus Corporation contributing to market expansion. The increased awareness about early disease diagnosis and growing medical tourism are significant drivers for Endoscopic Ultrasound in this region.

Market Dynamics and Supply Chain

01

Driver: Progression in Diagnostic procedures, and Continuous Advancements in healthcare technology

Endoscopic ultrasound has also become instrumental for medical professionals in improving the quality and accuracy of diagnosis. This growth is also resultant of technological advancements that have also elevated endoscopic ultrasound from a rudimentary procedure to a powerful tool capable of visualizing organs and performing intricate procedures with precision and minimal invasiveness. The healthier patient-results associated have also driven endoscopic ultrasound demand considerably.

The integration of AI and ML into endoscopic ultrasound procedures is also emerging as a powerful for the market. These advancements are also enhancing the diagnostic accuracy and improving the practice of endoscopic ultrasound, which caters to patients needs more holistically, thus driving its acceptance in the market.

The rising prevalence of chronic diseases, such as cancers and gastrointestinal disorders, wherein endoscopic ultrasound is also a preferred diagnostic and therapeutic tool, is also propelling its demand. The market growth is also particularly evident in procedures like bile duct stone removal, pancreatic pseudocyst drainage, and others.

02

Restraint: High Equipment Costs

The significant expense of Endoscopic Ultrasound technology poses a substantial hurdle in market growth. Healthcare facilities, especially in emerging economies, often grapple with budget constraints, making it challenging to adopt this high-cost diagnostic tool. In addition, the ongoing costs associated with maintenance, upgrades, and staff training further steepen the financial implications involved. This cost barrier could possibly dissuade potential customers, thereby impacting the market demand for EUS solutions.

03

Opportunity: Technological Advancements Uplifting the Endoscopic Ultrasound Market and Strategic Collaborations Fueling Market Expansion

There has been a significant rise in the technological advancements within the realm of endoscopic ultrasound, which is driving the high growth potential for this market. This has led to the development of innovations such as 3D imaging and high-intensity focused ultrasound, enabling precise diagnostic and therapeutic capabilities. Leveraging these advancements grants market players the chance to tap into a previously unexplored segment within the medical ultrasound imaging market and significantly expands the growth potential for the endoscopic ultrasound technology.

Strategic collaborations between key market players have proven themselves as a prominent driving factor for the endoscopic ultrasound market. Partnerships, acquisitions, and collaborations on research and development have led to the introduction of novel products with enhanced features, strengthening the market presence of the companies involved. Tapping into these collaborative endeavors provides an to capitalize on shared resources and innovations, driving further growth in the endoscopic ultrasound market.

04

Challenge: Legislative and Regulatory Challenges

The regulatory environment around EUS technology presents another in its market expansion. Complex approval processes and stringent safety standards, primarily in developed nations, often deter manufacturers from entering the market or delay product launches. To comply with these regulations, manufacturers must conduct thorough clinical trials, which again increase operational costs and slow down the time-to-market of new EUS products. These regulatory challenges therefore affect the market dynamics, potentially limiting the adoption of advanced EUS systems.

Supply Chain Landscape

1

Raw Material Suppliers

Alloy Products CorporationK-Tube Technologies
2

Component Manufacturers

Micro-TechBoston Scientific Corporation
3

Device Manufacturers

Olympus CorporationFujifilm Holdings Corporation
4

End Users

HospitalsDiagnostic CentersGastroenterology Clinics
Endoscopic Ultrasound - Supply Chain

Applications of Endoscopic Ultrasound in Diagnosis & Staging of Cancer, Interventional Endoscopy & Chronic Pancreatitis Investigation

Diagnosis & Staging of Cancer : Endoscopic ultrasound is widely employed in the diagnosis and staging of various cancers, particularly within the gastroenterological field. Herein, fine-needle aspiration is used, allowing clinicians to obtain tissue samples from the lymph nodes and masses in the digestive tracts wall. This application provides a distinct advantage by optimizing the therapeutic decision-making process and patient outcomes. Some of the leaders in this specific application are Olympus Corporation and Boston Scientific, deploying advanced technologies to maintain their firm market positions.
Chronic Pancreatitis Investigation : Endoscopic ultrasound is extensively used in evaluating chronic pancreatitis, employing a radial scanning mainly. It offers superior imaging of the pancreatic duct and parenchyma, thus identifying structural changes accurately that may be otherwise missed. This application has the added value of affecting definitive treatment without requiring risky invasive procedures. In this field, Medtronic and Cook Medical are key players, renowned for their cutting-edge, reliable devices.
Interventional Endoscopy : Endoscopic ultrasound plays a vital role in interventional endoscopy, such as bile and pancreatic duct drainage, using a sector scanning. It allows for direct visualization of the preferred internal structures, providing an edge over other interventional techniques. This application significantly reduces the risks and adverse effects tied to interventional procedures.

Recent Developments

In the medical technology domain, one of the most significant advancements has been the Endoscopic Ultrasound.As a cutting-edge innovation, the EUS procedure has effectively revolutionized diagnostics and provided new dimensions to the prognosis of gastrointestinal diseases and cancer treatments. This non-surgical method leverages ultrasound technology and endoscopy to visualize and assess the upper and lower gastrointestinal tract.

December 2024 : Fujifilm Holdings Corporation launched an advanced endoscopic ultrasound system featuring superior imaging capabilities and a streamlined workflow
October 2024 : Medtronic PLC introduced a state-of-the-art endoscopic ultrasound platform with integrated AI for precision diagnosis
August 2024 : Boston Scientific Corporation unveiled a new line of endoscopic ultrasound devices designed for intricate gastrointestinal procedures.

Impact of Industry Transitions on the Endoscopic Ultrasound Market

As a core segment of the Medical Device industry, the Endoscopic Ultrasound market develops in line with broader industry shifts. Over recent years, transitions such as The Advent of Technological Enhancements and The Integration of AI have redefined priorities across the Medical Device sector, influencing how the Endoscopic Ultrasound market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.
01

The Advent of Technological Enhancements

The medical industry has greatly benefited from technological advancements, particularly in the area of endoscopic ultrasound. This technique has been instrumental in transforming the diagnostic landscape, it employs highfrequency sound waves to produce detailed images of the gastrointestinal tract and surrounding organs. With the advent of digital image processing and highdefinition imagery, precision in diagnosis has significantly improved, reducing the need for invasive procedures and enhancing patient comfort. This has led to enhanced patient outcomes and greater efficiency in healthcare delivery. This industry transition is expected to add $149 million in the industry revenue between 2024 and 2030.
02

The Integration of AI

As the industrial transition towards AI continues, endoscopic ultrasound has also seen its implementation with groundbreaking results. AI helps clinicians interpret imaging data more accurately and faster. The use of ML algorithms not only improves the quality of the imaging but also significantly reduces interpretation errors. This ushers in a new era of clinical diagnosis where precision is coupled with speed, thereby improving service delivery and patient satisfaction.

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