Transrectal Ultrasound (TRUS) Market 2019 Global Market Growth, Size, Share, Demand, Trends and Forecasts to 2025

Transrectal Ultrasound Market Size, Share and Global Trend by Product (Systems, Transducers), Type (Cart/Trolley Based, Portable), Application (Diagnostic, Image-guided Treatment), End User (Diagnostic Laboratories, Hospitals) and Geography Forecast till 2025

Pune, India - June 13, 2019 /MarketersMedia/ —

The Global Transrectal Ultrasound (TRUS) Market exhibits a semi-consolidated vendor landscape. As per a new report by Fortune Business Insights, the market was dominated by 2-3 players in the year 2017. The global TRUS market was led by BK Medical Holding Company, Inc. in 2017 owing to its well-established brand presence and diversified product portfolio.
The increasing incidence of prostate cancer especially among aging men is the key driver of the global transrectal ultrasound (TRUS) market.

This was found by Fortune Business Insights in a report, titled “Transrectal Ultrasound Market Size, Share and Global Trend by Product (Systems, Transducers), Type (Cart/Trolley Based, Portable), Application (Diagnostic, Image-guided Treatment), End User (Diagnostic Laboratories, Hospitals) and Geography Forecast till 2025”. Fortune Business Insights predicts the global TRUS market to exhibit a CAGR of 4.5% during the forecast period. Furthermore, in 2017, the market was valued at US$ 204.8 and is anticipated to reach US$ 291.2 Mn by the end of 2025.

Get Sample PDF:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/transrectal-ultrasound-market-100137

Among regions, Asia Pacific is likely to offer lucrative growth opportunities to the enterprises operating in the global TRUS market. The huge installed bases of transrectal ultrasound or TRUS devices in the Asia Pacific is one of the major factors driving the TRUS market. A rising need to replace existing healthcare infrastructure in the Asia Pacific is another factor driving the TRUS market. North America held a considerable share in the global TRUS market in 2017. High diagnostic rates of benign prostatic hyperplasia, rising prevalence of urological disorders, and robust healthcare infrastructure contributed towards the growth of this region.
The demand for transrectal ultrasound procedures in Europe is also expected to rise steadily during the forecast period mainly on account of rising geriatric population and demand for minimally invasive devices.
Lifestyle Changes Leading to Rising Prevalence of Prostate Cancer, in turn, Fueling Demand for TRUS Devices
“The demand for an effective treatment for urological abnormalities such as prostate cancer is increasing primarily due to rapid changes in lifestyle,” stated a lead analyst at Fortune Business Insights. “This is one of the chief factors driving the TRUS market,” he added. The transrectal ultrasound of the prostate helps to locate the position of cysts in the male reproductive system and identify if they are cancerous or non-cancerous. This is the reason why the male population prefers a transrectal ultrasound scan than any other normal test.

The healthcare infrastructure in developed and developing countries is sophisticated and well-equipped. This, coupled with better product availability, is boosting the TRUS market.
There are several other factors spelling growth in the TRUS market. Governments across regions are actively participating to ensure the early detection and timely treatment of prostate cancer. This factor, combined with technological developments, is anticipated to bode well for the TRUS market.

Transrectal ultrasound or endorectal ultrasound uses different technologies to get accurate and precise test results. These technologies include 2D, 3D technology, and others such as real-time imaging. The advent of such technologies is projected to further drive the TRUS market in the coming years. The adoption of TRUS devices is likely to increase in hospitals, clinics, diagnostic centers, and surgical centers. This will encourage companies to introduce novel TRUS devices with the help of upcoming technologies.

Stringent Healthcare Policies by Regulatory Authorities may Inhibit Growth

Despite witnessing strong growth prospects, there are certain factors that may restrict the market in the coming years. Strict regulations regarding approvals on healthcare medications and diagnosis may inhibit the growth of the market. In addition to this, product recalls due to safety issues may restrict the TRUS market to grow in the next coming years. Nonetheless, several companies are planning to invest in R&D activities and technological developments, which will propel growth in the TRUS market.

Several Savvy Players to Launch Advanced TRUS Devices; Helping Market to Pick Pace

The competitive landscape of the global transrectal ultrasound market is semi-consolidated. The market was dominated by some well-recognized brands in 2017. B.K. Holding was one of them, which covered a significant share in the global market for TRUS. Some of the other companies presently functioning in the global TRUS market are TELEMED, Esaote SpA, GE Healthcare, The Prometheus Group, and Exact Imaging.

Browse Complete Report Details:
https://www.fortunebusinessinsights.com/industry-reports/transrectal-ultrasound-market-100137

The global TRUS market can be segmented into the following categories:
• Global Transrectal Ultrasound Market, by Product
o Devices
o Transducers

• Global Transrectal Ultrasound Market, by Type
o Cart/ Trolley-based
o Portable

• Global Transrectal Ultrasound Market, by Application
o Diagnostic
 Prostate Cancer
 Benign Prostatic Hyperplasia
 Others
o Image-guided Treatment

• Global Transrectal Ultrasound Market, by End-User
o Diagnostic Laboratories
o Hospitals
o Others

• Global Transrectal Ultrasound Market, by Region
o North America (U.S., Canada)
o Europe (Germany, U.K., France, Italy, Spain, Scandinavia, Rest of Europe)
o Asia Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific)
o Latin America (Brazil, Mexico, Rest of Latin America)
o Middle East & Africa (GCC, South Africa, Rest of the Middle East & Africa)

View Related Report:

Commercial Seed Market | Global Industry Size, Share, Key Players Overview and Geographical Outlook

Global Alpha-1 Antitrypsin Deficiency (AATD) Augmentation Therapy Market Size, Share and Geography Forecast till 2026

Contact Info:
Name: Fortune Business Insights
Email: Send Email
Organization: Fortune Business Insights
Address: Fortune Business Insights Pvt. Ltd. 308, Supreme Headquarters, Survey No. 36, Baner, Pune-Bangalore Highway, Pune - 411045, Maharashtra, India.
Phone: +1 424 253 0390
Website: https://www.fortunebusinessinsights.com/

Source URL: https://marketersmedia.com/transrectal-ultrasound-trus-market-2019-global-market-growth-size-share-demand-trends-and-forecasts-to-2025/523767

Source: MarketersMedia

Release ID: 523767

More News

Olson, Canha hit back-to-back HRs to lead A's past Yanks 6-2

Aug 22, 2019

OAKLAND, Calif. — The Oakland Athletics wasted little time responding to an early blow from the New York Yankees. Matt Olson and Mark Canha hit back-to-back homers in the first inning to lead the A's over the New York Yankees 6-2 on Tuesday night for their fifth win in six games. "I feel like we've been doing that lately," Olson said. "If we give up a run or two, we find a way to come in and respond. To shut down any momentum is nice to do." Olson connected on a two-run shot down the right field line with two...

Paul Simon plants a tree at Hawaii forest preserve on Maui

Aug 22, 2019

AUWAHI, Hawaii — Musician Paul Simon joined environmentalists trying to reinvigorate a Hawaii forest on Maui and planted a tree during a ceremony, a report said. The singer-songwriter visited Auwahi Forest Restoration Project with volunteers who are trying to revive plant life in the area, The Honolulu Star-Advertiser reported Friday. Simon helped plant a lama tree and participated in chants with the group after a helicopter tour that he called "awe-inspiring" and "life-changing." Simon inserted the plant and a scroll into a hole before refilling the soil and speaking with group members. "To even sit with you guys and be...

'A heavy lift': Religious black voters weigh Buttigieg's bid

Aug 22, 2019

GREENVILLE, S.C. — Joe Darby, a South Carolina pastor in the African Methodist Episcopal Church, pondered a sensitive question that he knew was on the mind of his congregation. Would black voters be able to reconcile their conservative religious doctrine with voting for a gay candidate for president? "It's a heavy lift in the black church," says Darby, who is also a Charleston-area NAACP leader. "Just as nobody who is racist likes to say, 'I'm a racist,' nobody who is homophobic in the black community likes to say, 'I'm homophobic.'" In South Carolina, the first state with a predominantly African...

Virgin Galactic reveals futuristic outpost for space tourism

Aug 22, 2019

UPHAM, N.M. — Spaceport America is no longer just a shiny shell of hope that space tourism would one day launch from this remote spot in the New Mexico desert. The once-empty hangar that anchors the taxpayer-financed launch and landing facility has been transformed into a custom-tailored headquarters where Virgin Galactic will run its commercial flight operations. Two levels within the spaceport include mission control, a preparation area for pilots and a lounge for paying customers and their friends and families, with each element of the fit and finish paying homage to either the desert landscape that surrounds the futuristic...

Hong Kong reassures visitors amid protests, travel warnings

Aug 22, 2019

HONG KONG — Hong Kong is seeking to reassure visitors to the city after several countries issued travel safety warnings related to ongoing prod-democracy protests. An email attributed to an unidentified government spokesman conceded recent road blockages and confrontations between police and protesters had caused inconveniences, but said they were confined to limited areas. It said the government and the travel industry were working to minimize disruptions to visitors. The government on Thursday said tourist arrivals dropped 26% at the end of last month compared to last year and were continuing to fall in August. Commerce Secretary Edward Yau Tang-wah...

To travel is to live. Unearth your next travel destination here with The Travel Trooper. We love what we do and looking forward to more #travelsquad joining us in this journey.

Contact us: sales@thetraveltrooper.com