Global Transrectal Ultrasound Market Size study & Forecast, by Product (System, Transducer), by Type (Cart/ Trolley-based, Portable), by Application (Diagnostic, Image-guided Treatment) by End-user (Hospitals, Diagnostic Laboratories, Others) and Regional

Global Transrectal Ultrasound Market Size study & Forecast, by Product (System, Transducer), by Type (Cart/ Trolley-based, Portable), by Application (Diagnostic, Image-guided Treatment) by End-user (Hospitals, Diagnostic Laboratories, Others) and Regional Analysis, 2023-2030

Global Transrectal Ultrasound Market is valued at approximately USD 228.0 million in 2022 and is anticipated to grow with a healthy growth rate of more than 6.4% during the forecast period 2023-2030. Transrectal Ultrasound (TRUS) is a medical imaging technique used primarily in the field of urology to visualize and assess the structures within the rectum and nearby organs. The procedure involves the insertion of a small ultrasound probe, known as a transducer, into the rectum. This transducer emits high-frequency sound waves, and the echoes produced as they bounce off the surrounding tissues create real-time images of the prostate gland, seminal vesicles, and surrounding structures. The Transrectal Ultrasound Market is expanding because of factors such as the rising prevalence of prostate cancer, rising demand for minimally invasive procedures and rising technological advancements in ultrasound imaging.

Transrectal ultrasound is commonly used for the diagnosis and monitoring of prostate cancer. The rising prevalence of prostate cancer globally is a significant driver for the increased adoption of TRUS as an effective imaging tool for prostate examinations. According to the National Institutes of Health, in 2020, there were an estimated 1.4 million new cases of prostate cancer globally. This number is expected to increase to 1.7 million by 2030. In addition, rising investment in research and development activities, and increasing investments in medical infrastructure are creating new opportunities for market growth. However, the availability of alternative imaging modalities and stringent regulatory challenges stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Transrectal Ultrasound Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the dominance of key market players, increasing disease prevalence, rising healthcare expenditure and product development activities in the region. Asia Pacific is expected to grow at the fastest rate over the forecast period, owing to factors such as the rising geriatric, an increase in the number of collaborations for product development, and geographic expansion of key players.

Major market player included in this report 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.
The Prometheus Group

Recent Developments in the Market:
 In July 2023, Teleflex Incorporated, a leading manufacturer of medical technologies, revealed its acquisition of Palette Life Sciences AB. This strategic move is aimed at broadening Teleflex Incorporated's product portfolio, particularly in the interventional urology segment.
 In December 2021, GE Healthcare announced the acquisition of BK Medical Holding Company, Inc., a prominent player in advanced surgical visualization, boasting a robust product portfolio within this market segment.

Global Transrectal Ultrasound Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered – Product, Type, End-user, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
System
Transducer
By Type:
Cart/ Trolley-based
Portable
By Application:
Diagnostic
Image-guided Treatment
By End-user:
Hospitals
Diagnostic Laboratories
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Echo-Son SA
Esaote SpA
Exact Imaging
Fujifilm Holdings Corporation
General Electric Company (GE Healthcare)
KOELIS
Koninklijke Philips N.V.
Siemens AG
Sonablate Corp.
The Prometheus Group

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