Market Is Estimated To Witness High Growth Owing To Rising Incidence Of Cancer & Improving Healthcare Infrastructure

The Endobronchial Ultrasound Biopsy Market is estimated to be valued at Us$ 529.7 Mn or in 2022 and is expected to exhibit a CAGR Of 4.6% over the forecast period 2017-2025, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Endobronchial ultrasound biopsy is a bronchoscopic technique used to obtain samples from lung lesions or lymph nodes around the bronchi. An ultrasound probe is passed through the bronchoscope to locate suspicious lymph nodes or lesions in or around the airways. A fine needle is then passed through the bronchoscope to obtain biopsy samples under real-time ultrasound guidance.

Market Dynamics:

The endobronchial ultrasound biopsy market is driven by the rising incidence of lung cancer globally. According to the World Health Organization, lung cancer is the leading cause of cancer deaths worldwide. The improving healthcare infrastructure and rising adoption of minimally invasive techniques for biopsy sampling are also expected to support market growth over the forecast period. Endobronchial ultrasound biopsy helps obtain samples with minimal risks of complications as compared to conventional biopsy techniques. This has increased its adoption rate among physicians for diagnostic evaluation of lung abnormalities.

SWOT Analysis

Strength: The endobronchial ultrasound biopsy market features advanced technology, high accuracy, and minimally invasive procedures. It offers real-time ultrasound imaging to help physicians obtain clear views and samples from inner lung lesions. Moreover, EBUS biopsy causes minimal damage and reduces risks for patients.

Weakness: EBUS biopsy procedures require specialized equipment and highly skilled physicians for handling advanced ultrasound technologies. This makes the treatment costly and inaccessible in low resource settings. The learning curve for newer physicians is also steep.

Opportunity: Rising incidence of lung cancer and increasing demand for minimally invasive diagnostic procedures present lucrative growth prospects. Favorable reimbursement policies in developed nations boost the market. New product launches with enhanced features will expand the applications.

Threats: High costs pose affordability challenges in price-sensitive developing markets. Alternative diagnostic methods like CT-guided biopsy compete for market share. Stringent regulatory approvals also delay product launches.

Key Takeaways

The global Endobronchial Ultrasound Biopsy Market is expected to witness high growth, exhibiting CAGR of 4.6% over the forecast period, due to increasing prevalence of lung cancer. According to Globocan estimates, 2.09 million new lung cancer cases were reported in 2018. EBUS biopsy enables accurate pathological diagnosis with minimally invasive procedures.

Regional analysis

North America dominates the endobronchial ultrasound biopsy market currently due to robust reimbursement structure and significant cancer research funding. The US accounts for the largest revenue share. Asia Pacific is poised to grow at the fastest pace owing to rising healthcare spending, large patient pools, and growing medical tourism in countries like India, China and Japan.

Key players

Key players operating in the endobronchial ultrasound biopsy market are Boston Scientific Corporation, Medtronic PLC, Olympus Corporation, Cook Medical Incorporated, Veran Medical Technologies, Medi-Globe Corporation, Pentax Medical, FUJIFILM Corporation, and Simbionix USA Corporation. These established brands continuously invest in product innovations and expand into developing markets through new partnerships.

Read More  : https://www.timessquarereporter.com/health/global-endobronchial-ultrasound-biopsy-market-is-estimated-to-witness-steady-growth-owing-to-rising-incidence-of-lung-cancer—increasing-number-of-biopsies 

33 thoughts on “Market Is Estimated To Witness High Growth Owing To Rising Incidence Of Cancer & Improving Healthcare Infrastructure”

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