Transrectal Ultrasound Market By Product (System, Transducer), By Type (Trolley or Cart-based, Handheld or Portable), By End User (Hospitals, Diagnostic Laboratories, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global transrectal ultrasound market was valued at $207.54 million in 2021, and is projected to reach $313.80 million by 2031, registering a CAGR of 4.2% from 2022 to 2031.
An ultrasound examination of the prostate gland is known as a transrectal ultrasound scan (TRUS). During this examination, a physician may obtain prostate tissue samples and TRUS-guided biopsy is performed. It can aid in the detection of prostate cancer. Ultrasound scans use high frequency sound waves to create a picture of a part of the body. A prostate ultrasound scan can show changes in prostate gland, including abnormal growth.
The growth of transrectal ultrasound market is majorly driven by alarming increase in prevalence of prostate cancer and rise in number of transrectal ultrasound diagnostic imaging procedures. For instance, according to World Cancer Research Fund International (WCRF), prostate cancer is the second most commonly occurring cancer in men and the fourth most common cancer overall. As per the same source, about 1.4 million new cases of prostate cancer were reported in year 2020 globally.
In addition, rise in demand for minimally invasive diagnostic procedure, including ultrasound guided techniques contribute toward the growth of the market. Furthermore, number of technological advancements such as 3D imaging in transrectal ultrasound system propel the growth of the market.
However, stringent regulations for product approval and lack of skilled labor for handling advanced equipment are expected to negatively impact the market growth.
The transrectal ultrasound market is segmented on the basis of product, type, end user, and region. As per product, the market is divided into system and transducer. According to type, it is bifurcated into trolley/cart-based and handheld/portable. Depending on end user, it is classified into hospitals (public and private), diagnostic laboratories, and others.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major key players that operate in the global transrectal ultrasound market are Echo-Son SA, Esaote SpA, Exact Imaging, Fujifilm Holdings Corporation, General Electric Company (GE Healthcare), KOELIS, Koninklijke Philips N.V., Siemens AG, Sonablate Corp., and The Prometheus Group.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the transrectal ultrasound market analysis from 2021 to 2031 to identify the prevailing transrectal ultrasound market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the transrectal ultrasound market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global transrectal ultrasound market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product
System
Transducer
By Type
Trolley or Cart-based
Handheld or Portable
By End User
Hospitals
Type
Public
Private
Diagnostic Laboratories
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest Of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest Of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest Of LAMEA
Key Market Players
Echo-Son SA
Esaote SpA
Exact Imaging
Fujifilm Holdings Corporation
General Electric Company (GE Healthcare)
KOELIS
Koninklijke Philips N.V.
Siemens Healthineers AG
Sonablate Corp
The Prometheus Group
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