Global Ultrasound Gastroscopes Market Research Report: By Product Type (Optic Ultrasound Gastroscopes, Others), Application (Oncology, Others), Procedure (Upper Endoscopic Ultrasound, Others), End User (Hospitals and Clinics, Others)—Forecast till 2023

ID: MRFR/HC/6314-HCR | February 2021 | Region: Global | 160 pages

The Global Ultrasound Gastroscopes Market is expected to grow significantly over the forecast period. It is estimated that the global ultrasound gastroscopes market valued USD 630.2 million in 2017 and is anticipated to register a CAGR of 6.32% during the forecast period of 2018 to 2023. , Ultrasound Gastroscopes are used by surgeons and physicians to diagnose and treat various conditions of the gastrointestinal tract such as gastrointestinal cancers, pancreatic conditions, and others. The factors such as the rising prevalence of gastric cancers, including upper and lower GI cancers, higher accuracy and specificity of endoscopy ultrasound techniques for the diagnosis of these conditions, technological advancements are some of the major factors propelling the global ultrasound gastroscopes market. According to the National Cancer Institute, there were about 26,240 cases of stomach cancer reported in the US in 2017. Likewise, as per the data by the American Cancer Society (ACS), nearly 53,070 people in the US were diagnosed with pancreatic cancer in 2016, and an estimated 41,000 deaths were related to pancreatic cancer in 2016. Despite the drivers, the lack of skilled professionals and high cost associated with this device are considered to hamper the growth of the market over the forecast period., Moreover, major companies in the market are involved in strategic collaborations, and new product launches to brace their position in the market. For instance, in August 2017, Pentax Medical launched Slim Linear Ultrasound Endoscope (EG-3270UK) in the US., , Segmentation, The Global Ultrasound Gastroscopes Market has been segmented into product type, application, procedure, and end user. The market on the basis of product type has been segmented into optic ultrasound gastroscope, linear array ultrasound gastroscope, endoscopic ultrasound needle, and others. Based on application, the market has been segmented into oncology, pancreatic conditions, and others. Further, the oncology segment has been segmented into upper gastrointestinal (GI) oncology and lower gastrointestinal (GI) oncology. On the basis of procedure, the global market has been segmented into upper endoscopy ultrasound (EUS), lower endoscopy ultrasound (EUS), and Others. Furthermore, based on end user, the market has been segmented into hospitals and clinics, ambulatory surgical centers, and others., The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, an

Market Scenario

The Global Ultrasound Gastroscopes Market is expected to grow significantly over the forecast period. It is estimated that the global ultrasound gastroscopes market valued USD 630.2 million in 2017 and is anticipated to register a CAGR of 6.32% during the forecast period of 2018 to 2023.

Ultrasound Gastroscopes are used by surgeons and physicians to diagnose and treat various conditions of the gastrointestinal tract such as gastrointestinal cancers, pancreatic conditions, and others. The factors such as the rising prevalence of gastric cancers, including upper and lower GI cancers, higher accuracy and specificity of endoscopy ultrasound techniques for the diagnosis of these conditions, technological advancements are some of the major factors propelling the global ultrasound gastroscopes market. According to the National Cancer Institute, there were about 26,240 cases of stomach cancer reported in the US in 2017. Likewise, as per the data by the American Cancer Society (ACS), nearly 53,070 people in the US were diagnosed with pancreatic cancer in 2016, and an estimated 41,000 deaths were related to pancreatic cancer in 2016. Despite the drivers, the lack of skilled professionals and high cost associated with this device are considered to hamper the growth of the market over the forecast period.

Moreover, major companies in the market are involved in strategic collaborations, and new product launches to brace their position in the market. For instance, in August 2017, Pentax Medical launched Slim Linear Ultrasound Endoscope (EG-3270UK) in the US.

Segmentation
The Global Ultrasound Gastroscopes Market has been segmented into product type, application, procedure, and end user. The market on the basis of product type has been segmented into optic ultrasound gastroscope, linear array ultrasound gastroscope, endoscopic ultrasound needle, and others. Based on application, the market has been segmented into oncology, pancreatic conditions, and others. Further, the oncology segment has been segmented into upper gastrointestinal (GI) oncology and lower gastrointestinal (GI) oncology. On the basis of procedure, the global market has been segmented into upper endoscopy ultrasound (EUS), lower endoscopy ultrasound (EUS), and Others. Furthermore, based on end user, the market has been segmented into hospitals and clinics, ambulatory surgical centers, and others.

The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The ultrasound gastroscopes market in the Americas has further been segmented into North America and Latin America, with the North American market divided into the US and Canada. The European ultrasound gastroscopes market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The ultrasound gastroscopes market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The ultrasound gastroscopes market in the Middle East & Africa has been segmented into the Middle East and Africa.

Key Players

Olympus Corporation, Fujifilm Holdings, Karl Storz Endoscopy, Cook Medical, Medtronic plc, Boston Scientific Corporation, Esaote Spa, Conmed Corporation, and Medi-Globe GmbH are some of the key players in the global ultrasound gastroscopes market.

Regional Market Summary

Global Ultrasound Gastroscopes Market Share (%), by Region, 2017

Global Ultrasound Gastroscopes Market Share (%), by Region, 2017

Source: World Health Organization (WHO),

Geographically, the Americas is expected to dominate the global ultrasound gastroscopes market due to the rising demand for advanced diagnostic techniques especially in oncology, availability of new and advanced products in the US, and growing prevalence of pancreatic cancers. According to the Canadian Cancer Society, in 2017, about 3,500 Canadians were diagnosed with stomach cancer.

Europe is likely to show a considerable amount of growth in the global ultrasound gastroscopes market during the forecast period. The market growth in this region is due to the increasing incidence of gastrointestinal diseases and the growing geriatric population. According to the report by the United European Gastroenterology published in 2014, mortality due to pancreatic cancer is higher in parts of the UK, Scandinavia, Eastern Europe, and the Netherlands. Additionally, the growing government support for research & development and availability of funds for research is expected to support the market growth in the region.

Asia-Pacific is the fastest-growing market for ultrasound gastroscopes owing to the presence of rapidly developing healthcare technology, huge patient population, and high healthcare expenditure. Moreover, increasing demand for new treatment methods in countries such as India and South Korea is likely to fuel the market growth in the region.

On the other hand, the Middle East & Africa has the lowest share of the market due to the poor access to treatment, and limited screening and diagnostic services for disease management in the region.

Global Ultrasound Gastroscopes Market, by Product Type

Optic Ultrasound Gastroscope

Linear Array Ultrasound Gastroscope

Endoscopic Ultrasound Needle

Others

Global Ultrasound Gastroscopes Market, by Application

Oncology
- Upper GI Oncology
- Lower GI Oncology

Pancreatic Conditions

Others

Global Ultrasound Gastroscopes Market, by Procedure

Upper Endoscopic Ultrasound (EUS)

Lower Endoscopic Ultrasound (EUS)

Endoscopic Ultrasound-Guided Fine-Needle Aspiration

Others

Global Ultrasound Gastroscopes Market, by End User

Hospitals and Clinics

Ambulatory Surgical Centers

Others

Global Ultrasound Gastroscopes Market, by Region

Americas
- North America
  - US
  - Canada
- Latin America

Europe
- Western Europe
  - Germany
  - France
  - Italy
  - Spain
  - UK
  - Rest of Western Europe
- Eastern Europe

Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific

Middle East & Africa
- Middle East
- Africa

Intended Audience

Medical Device Companies

Research and Development (R&D) Companies

Government Research Institutes

Academic Institutes and Universities

Venture Capitalists

Frequently Asked Questions (FAQ) :

At what CAGR is the ultrasound gastroscopes market projected to grow during the forecast period?

Ultrasound gastroscopes market is projected to grow at a 6.32% CAGR between 2018-2023.

Which region is expected to dominate the ultrasound gastroscopes market?

The Americas is expected to dominate the ultrasound gastroscopes market.

What are the key factors driving the ultrasound gastroscopes market?

Increasing prevalence of gastric cancer is the key factor driving the ultrasound gastroscopes market.

Which factors may limit the ultrasound gastroscopes market growth?

High cost of devices and lack of skilled professionals may limit the ultrasound gastroscopes market growth.

What are the different end users of the ultrasound gastroscopes market?

Different end users of the ultrasound gastroscopes market include ambulatory surgical centers, hospitals and clinics, and others.

Table of Contents:

Chapter 1. Report Prologue
Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology
3.1 Overview

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis

5.1.1 Bargaining Power of Suppliers

5.1.2 Bargaining Power of Buyers

5.1.3 Threat of New Entrants

5.1.4 Threat of Substitutes

5.1.5 Intensity of Rivalry

Chapter 6. Global Ultrasound Gastroscopes Market, by Type
6.1 Overview

6.2 Optic Ultrasound Gastroscopes