Endoscopic ultrasound is a minimally invasive endoscopic procedure used by surgeons and physicians to treat and diagnose various digestive (gastrointestinal) conditions such as gastrointestinal cancers, pancreatic disorders, and others. An endoscope uses high-frequency ultrasound waves in order to produce detailed images of the gastrointestinal tract lining and nearby organs such as the pancreas, liver, and gall bladder. This procedure can also be used to obtain targeted biopsies from various organs.
MARKET SCOPE
The "Global Endoscopic Ultrasound System Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the endoscopic ultrasound system market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading endoscopic ultrasound system market players and offers key trends and opportunities in the market.MARKET SEGMENTATION
- Based on type, the global endoscopic ultrasound system market is segmented into endoscopy, microprocessor and ultrasound probe.
- Based on application, the market is segmented into hospital, clinic and other.
MARKET DYNAMICS
Drivers:
- Rise in prevalence of gastric cancer such as upper and lower GI cancers.
- Rise in adoption of endoscopy ultrasound techniques.
- Increase in incidences of chronic digestive disorders.
- Increase in investment in R&D activities for making novel products.
- Growing technological developments.
Restraints:
- Lack of skilled professionals.
- Lack of training programs in developing countries.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The endoscopic ultrasound system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the endoscopic ultrasound system market in these regions.
IMPACT OF COVID-19 ON ENDOSCOPIC ULTRASOUND SYSTEM MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The lockdown caused various businesses to shut down their operations. The supply and trade chain were also disrupted. The sale of products of many market players declined as the non-urgent endoscopic procedures were canceled in order to prevent virus transmission and resulted in a reduced patient pool. As the EUS procedure are aerosol-generating procedures, fewer procedures were carried out, therefore less demand for endoscopic systems. However, the increasing number of patients for endoscopic procedures will help the market grow steadily in the future after the removal of restrictive measures.
MARKET PLAYERS
The report covers key developments in the endoscopic ultrasound system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from endoscopic ultrasound system market are anticipated to have lucrative growth opportunities in the future with the rising demand for endoscopic ultrasound system in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the endoscopic ultrasound system market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Olympus Corporation
- PENTAX Medical
- Hitachi Medical Systems
- Fujifilm
- Medtronic
- Boston Scientific Corporation
- Cook Medical
- CONMED Corporation
- Limaca Medic
- Medi-Globe GmbH
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.