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Global Transrectal Ultrasound Market to reach USD 374.51 million by the end of 2030.

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

Product Code: HLSMD-40744009
Publish Date: 10-01-2024
Page: 200

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)
Koninklijke Philips N.V.
Siemens AG
Sonablate Corp.
The Prometheus Group

Recent Developments in the Market:
Ø 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.
Ø 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:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product, Type, End-user, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

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:
By Type:
Cart/ Trolley-based
By Application:
Image-guided Treatment
By End-user:
Diagnostic Laboratories

By Region:

North America


Asia Pacific
South Korea

Latin America

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

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Transrectal Ultrasound Market, by Region, 2020-2030 (USD Million)
1.2.2. Transrectal Ultrasound Market, by Product, 2020-2030 (USD Million)
1.2.3. Transrectal Ultrasound Market, by Type, 2020-2030 (USD Million)
1.2.4. Transrectal Ultrasound Market, by Application, 2020-2030 (USD Million)
1.2.5. Transrectal Ultrasound Market, by End-user, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Transrectal Ultrasound Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Transrectal Ultrasound Market Dynamics
3.1. Transrectal Ultrasound Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rising prevalence of prostate cancer Rising demand for minimally invasive procedures Rising technological advancements in ultrasound imaging
3.1.2. Market Challenges Availability of alternative imaging modalities Stringent regulatory challenges
3.1.3. Market Opportunities Rising investment in research and development activities Increasing investments in medical infrastructure
Chapter 4. Global Transrectal Ultrasound Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Transrectal Ultrasound Market, by Product
5.1. Market Snapshot
5.2. Global Transrectal Ultrasound Market by Product, Performance – Potential Analysis
5.3. Global Transrectal Ultrasound Market Estimates & Forecasts by Product 2020-2030 (USD Million)
5.4. Transrectal Ultrasound Market, Sub Segment Analysis
5.4.1. System
5.4.2. Transducer
Chapter 6. Global Transrectal Ultrasound Market, by Type
6.1. Market Snapshot
6.2. Global Transrectal Ultrasound Market by Type, Performance – Potential Analysis
6.3. Global Transrectal Ultrasound Market Estimates & Forecasts by Type 2020-2030 (USD Million)
6.4. Transrectal Ultrasound Market, Sub Segment Analysis
6.4.1. Cart/ Trolley-based
6.4.2. Portable
Chapter 7. Global Transrectal Ultrasound Market, by Application
7.1. Market Snapshot
7.2. Global Transrectal Ultrasound Market by Application, Performance – Potential Analysis
7.3. Global Transrectal Ultrasound Market Estimates & Forecasts by Application 2020-2030 (USD Million)
7.4. Transrectal Ultrasound Market, Sub Segment Analysis
7.4.1. Diagnostic
7.4.2. Image-guided Treatment
Chapter 8. Global Transrectal Ultrasound Market, by End-user
8.1. Market Snapshot
8.2. Global Transrectal Ultrasound Market by End-user, Performance – Potential Analysis
8.3. Global Transrectal Ultrasound Market Estimates & Forecasts by End-user 2020-2030 (USD Million)
8.4. Transrectal Ultrasound Market, Sub Segment Analysis
8.4.1. Hospitals
8.4.2. Diagnostic Laboratories
8.4.3. Others
Chapter 9. Global Transrectal Ultrasound Market, Regional Analysis
9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Transrectal Ultrasound Market, Regional Market Snapshot
9.4. North America Transrectal Ultrasound Market
9.4.1. U.S. Transrectal Ultrasound Market Product breakdown estimates & forecasts, 2020-2030 Type breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030 End-user breakdown estimates & forecasts, 2020-2030
9.4.2. Canada Transrectal Ultrasound Market
9.5. Europe Transrectal Ultrasound Market Snapshot
9.5.1. U.K. Transrectal Ultrasound Market
9.5.2. Germany Transrectal Ultrasound Market
9.5.3. France Transrectal Ultrasound Market
9.5.4. Spain Transrectal Ultrasound Market
9.5.5. Italy Transrectal Ultrasound Market
9.5.6. Rest of Europe Transrectal Ultrasound Market
9.6. Asia-Pacific Transrectal Ultrasound Market Snapshot
9.6.1. China Transrectal Ultrasound Market
9.6.2. India Transrectal Ultrasound Market
9.6.3. Japan Transrectal Ultrasound Market
9.6.4. Australia Transrectal Ultrasound Market
9.6.5. South Korea Transrectal Ultrasound Market
9.6.6. Rest of Asia Pacific Transrectal Ultrasound Market
9.7. Latin America Transrectal Ultrasound Market Snapshot
9.7.1. Brazil Transrectal Ultrasound Market
9.7.2. Mexico Transrectal Ultrasound Market
9.8. Middle East & Africa Transrectal Ultrasound Market
9.8.1. Saudi Arabia Transrectal Ultrasound Market
9.8.2. South Africa Transrectal Ultrasound Market
9.8.3. Rest of Middle East & Africa Transrectal Ultrasound Market

Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. Echo-Son SA Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.3.2. Esaote SpA
10.3.3. Exact Imaging
10.3.4. Fujifilm Holdings Corporation
10.3.5. General Electric Company (GE Healthcare)
10.3.6. KOELIS
10.3.7. Koninklijke Philips N.V.
10.3.8. Siemens AG
10.3.9. Sonablate Corp.
10.3.10. The Prometheus Group
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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