Endobronchial Ultrasound Biopsy Device Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4236
Endobronchial Ultrasound Biopsy Device Market size is projected to experience immense growth from 2019 to 2025.
Increasing prevalence of lung cancer will augment endobronchial ultrasound biopsy device market growth over the projected years. According to World Health Organization (WHO) 2018 statistics, lung cancer was found to be the most common cancer and lead to more than 2 million cases worldwide, thus boosting product demand. Hence, increasing prevalence of lung cancer will propel endobronchial ultrasound biopsy device business growth in forthcoming years.
Increasing demand of minimally invasive surgeries will act as a factor that may accelerate growth of global endobronchial ultrasound biopsy device market in upcoming years. Rising demand of less-invasive surgeries is attributed to advantages such as faster recovery time, smaller incision and less pain. Moreover, minimally invasive surgery possesses higher accuracy over conventional surgical methods, that in turn boost endobronchial ultrasound biopsy device business growth across the analysis period.
Endobronchial ultrasound-guided trans-bronchial needle aspirate (EBUS-TBNA) segment will foresee significant growth over projected timeframe. High growth is attributed to advantages such as, high precision and cost-effectiveness thus, augmenting segmental growth. Moreover, high preference of patients towards EBUS-TBNA will further boost segmental growth in the future.
Lung cancer diagnosis segment of endobronchial ultrasound biopsy device market will foresee significant growth in forthcoming years. According to the American Cancer Society, lung cancer is the world’s most common cancer and is estimated to account for about 142,670 deaths in 2019. Hence, increasing prevalence of lung cancer will generate high demand for diagnosis, thus fostering endobronchial ultrasound biopsy device business.
Ambulatory surgery centers are preferred by patient for diagnosis as they are cost effective in nature and require less surgical time over other medical settings. Additionally, presence of state-of-the-art facilities will further augment segmental growth. Moreover, increasing preference of the population for ambulatory surgical centers over other clinical settings due to affordability will further augment market growth.
The U.S. is expected to witness substantial growth over the forecast period owing to the presence of well-developed healthcare infrastructure, skilled professionals and technological advancements. Furthermore, increasing prevalence of cancer in the U.S. will further propel market growth. Additionally, presence of major market players operating in the endobronchial ultrasound biopsy device market will further augment market growth.
India endobronchial ultrasound biopsy device market is going to witness rapid growth owing to rising prevalence of lung cancer. As per World Health Organization (WHO), in India, lung cancer accounts for about 67,795 new diagnosed cancer cases in 2018. Additionally, increasing number of respiratory disorders is rising the demand for highly precise diagnosis, thus boosting endobronchial ultrasound biopsy device market over projected years.
Some of the major market players involved in the endo-bronchial ultrasound biopsy market include Medtronic Plc, Clinodevice, Olympus Corporation, Conmed Corporation, Boston Scientific Corporation, Medi-Globe Corporation, Veran Medical Technologies and Cook Medical. Key strategies adopted by industry players include strategic collaborations, partnerships, mergers, and innovative product launch to expand their business product portfolio.
Endobronchial Ultrasound Biopsy Device Market by Product, 2014-2025 (USD Million)
- Bronchoscopes and probes
- Biopsy forceps and needles
- Ultrasound processor and needles
- Cytology brushes and spray catheter
Endobronchial Ultrasound Biopsy Device Market by Application, 2014-2025 (USD Million)
- Infection diagnosis
- Lung cancer diagnosis
Endobronchial Ultrasound Biopsy Device Market by End-use, 2014-2025 (USD Million)
- Specialty centers
- Diagnostic centers
- Ambulatory surgical centers
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- Boston Scientific Corporation
- Conmed Corporation
- Cook Medical
- Fujifilm Corporation
- Medi-Globe GmbH
- Medtronic plc
- Olympus Corporation
- Pentax Medical
- Veran Medical Technologies
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