Global Transrectal Ultrasound Devices Market: By Probes (Side Fire Probes, End Fire Probes), By End-User (Hospitals, Diagnostic Centers, Others) and Geography -Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global transrectal ultrasound devices market was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) over 2018 to 2024.
Market Outline: Transrectal Ultrasound Devices Market
Transrectal ultrasound devices are used to create an image of the organs in pelvis. Usually transrectal ultrasound devices are used to diagnose the pelvis and prostate gland. There are many types of ultrasound devices are present and are used in diagnosis of prostate cancer, prostatitis or benign prostatic hypertrophy. Transrectal ultrasound devices also used to guide the biopsy of prostate.
Market Dynamics: Transrectal Ultrasound Devices Market
Global transrectal ultrasound devices market is mainly driven by increase in the prevalence of prostate cancer and diseases related to pelvic region According to WHO GLOBOCAN 2012, prostate cancer is the fourth most common cancer in the both sexes an estimated 1.1 million men are diagnosed with the prostate cancer in 2012. In addition, growing awareness related to the symptoms of cancer due to the various initiatives were taken by government and non-government organizations coupled with adaptation of the new technologies by the hospitals in order to diagnose the diseases expected to boost the market share over the forecast period. Furthermore, technological advancements in the ultrasound technologies to provide the better pictures of the organs and advent of portable ultrasound devices are expected to bolster the market growth over the forecast period. However, stringent regulatory procedures and high cost of devices are expected to hamper the market growth over the forecast period.
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Market Scope: Transrectal Ultrasound Devices Market
Melanoma treatment market is segmented based on probes, end user and geography
Based on probes, global transrectal ultrasound devices market is segmented into
- Side Fire Probes
- End Fire Probes
Based on end user, global transrectal ultrasound devices market is segmented into
- Hospitals
- Diagnostic Centers
- Others
Based on geography, global transrectal ultrasound devices market is segmented into
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Market Summary: Transrectal Ultrasound Devices Market
Market players in global transrectal ultrasound devices market are expected to grow at significant rates owing to the factors such as growing prevalence of the prostate related diseases. Companies operating in the market are focusing on advancing the technologies and developing the new devices and launching into the marketplace to expand their revenue. Furthermore, advent of the portable ultrasound devices is changing the marketplace.
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Regional Analysis: Transrectal Ultrasound Devices Market
Geographically, global transrectal ultrasound devices market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America transrectal ultrasound devices market projected to have significant growth rate owing to the increase in the prevalence of the prostate cancer and favourable reimbursement policies in the region. Europe transrectal ultrasound devices market expected to have notable growth rate due to presence of key market players and advancements in the ultrasound technologies. Asia Pacific region projected to have lucrative market growth owing to increase in awareness related to the disease, prevalence of prostate cancer and rise in healthcare spending especially in developing regions such as India and China.
Competition Assessment: Transrectal Ultrasound Devices Market
Some of the players in the global transrectal ultrasound devices market include:
- Providian Medical (U.S.)
- Samsung (South Korea)
- Carestream Health (U.S.)
- Koninklijke Philips N.V. (Netherlands)
- KOELIS SA (France)
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Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2013-2017) and forecast (2018-2024)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
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