ENDOBRONCHIAL ULTRASOUND BIOPSY MARKET ANALYSIS

Regional Analysis

Global Endobronchial Ultrasound Biopsy Market Regional Analysis

North America is expected to account for highest market share in global endobronchial ultrasound biopsy market, owing to increasing prevalence of lung cancer among people in the region. For instance, according to the American Cancer Society’s (ACS) 2019 report, in the U.S, around 228,820 new cases of lung cancer is expected to occur in 2020. Moreover, according to the same source, in 2020, in U.S 116,300 new cases of lung cancer are expected to occur in men, while 112,520 new cases of lung cancer in women. Furthermore, according to the same source, most of the people diagnosed with lung cancer are 65 or older age. The average rate of people diagnosed with lung cancer is aged 70.

Asia Pacific is expected to exhibit highest CAGR in the forecast period due to growing incidence of lung cancer disease among people in this region. For instance, according to the International Agency for Research on Cancer (IARC), in 2018, around 1.8 million people were reported to die due to cancer globally, of which 61.4 % deaths were reported in the Asia Pacific region.