With the emergence and long-term Impact of COVID-19, Global Transrectal Ultrasound Market to reach USD 374.51 Million by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Transrectal Ultrasound Market points towards a potential rise to USD 374.51 Million by 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.
Geographically, the global Transrectal Ultrasound market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). 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.
The global Transrectal Ultrasound market is highly competitive owing to the presence of several key players such as 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, and others.
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Key findings of the study suggest:
- Global Transrectal Ultrasound Market is anticipated to grow with a healthy growth rate of more than 6.4% over the forecast period 2023-2030.
- In the Product segment, System emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth 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 higher rate followed by Europe during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
By Product:
- System
- Transducer
By Type:
- Cart/ Trolley-based
- Portable
By Application:
- Diagnostic
- Image-guided Treatment
By End-user:
- Hospitals
- Diagnostic Laboratories
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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