Endoscopic Ultrasound Market Rising in United States | Fortune Business Insights
The global endoscopic ultrasound market size is projected to reach USD 1,375.6 million by 2026, registering a CAGR of 6.5% during the forecast period. Growing prevalence of gastric cancer is touted to be the key driver for the growth of this market during the forecast period. Gastric cancer or cancer of the stomach is one of the leading cancer-related deaths in the world. According to the GLOBOCAN 2018 report of the International Association of Cancer Registries (IARC), gastric cancer was the third deadly type of cancer in 2018, causing 783,000 deaths in the same year. It also has the fifth-highest incidence rate among cancers, with 5.7% of new cancer cases being of this type. Detection of cancer in its early stages is crucial for prolonging the life of a patient. Endoscopy ultrasound equipment plays a vital role in diagnosing stomach cancer and timely diagnosis can help the doctor to take appropriate treatment routes and form an informed prognosis of the disease. As a result, t...