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Transient Elastography Devices Market Size, Share & Industry Analysis, By Mobility (Standalone, Portable), By Technology (Vibration Controlled Transient Elastography (VCTE), Controlled Attenuation Parameter), By End Users and Regional Forecast 2021-2027

Format: PDF | Pages: 303 | Report ID: MRS1106


Report Description

The global Transient Elastography Devices market size is estimated at USD 90.2 Million in 2020, expanding at a CAGR 4.4% from 2021-2027 to reach 150.4 Million USD in 2027.

Market Dynamics

An increase in the prevalence of liver illnesses, an increase in sedentary living, an increase in alcohol use, an increase in tobacco, consumption of an unhealthy diet, and other reasons are pushing the market. Furthermore, all of these factors are influencing the rise in the incidence of disorders such as liver cirrhosis and fibrosis, which is propelling the market forward throughout the forecast period. Furthermore, it is widely employed in the identification of patients suffering from liver illnesses, particularly chronic liver disorders, where the biopsy technique becomes difficult to execute, positively affecting the market's future growth.

The worldwide transient elastography devices market is likely to be driven by a growing number of product releases. For example, Wuxi Hisky Medical Technologies Co., Ltd., a Chinese medical equipment manufacturer, announced the iLivTouch product line in August 2019, which employs wideband imaging-assisted transient elastography to evaluate the condition of the liver cirrhosis and steatosis.

Alternative technologies including magnetic resonance elastography and shear wave elastography (SWE) are projected to slow the growth of the worldwide transient elastography devices market. Magnetic resonance elastography (MRE), for example, is beneficial in identifying the onset of cirrhosis in the diffused liver. When transient elastography (TE) devices fail to provide appropriate results for individuals affected by obesity and ascites, SWE might be utilized as an alternative.

Regional Insights

The United States has been slower to adopt non-invasive tests for liver disease, preferring instead to use the conventional procedure of biopsy. Non-invasive procedures are replacing traditional biopsy methods in assessing liver disorders in Europe and South America, making these markets viable for the technology. For both non-viral and viral chronic liver diseases, all obtainable non-invasive alternative solutions to liver biopsy, whether non-patented or patented, should be used, as per the European Association guidelines again for Research of the Liver and the Association of Latino Americana for the Study of the Liver.

Segment Insights

The market for transient elastography devices is divided into three segments: mobility, technology, and end-user. VCTE aids the equipment in generating quantitative information of important liver characteristics such as liver fibrosis, according to the technology. Ultrasound waves' amplitude changes are measured using CAP technologies.

Competitive Insights

To stay competitive in the market, major firms in the business engage in strategic mergers and acquisitions, partnerships, and new product releases. For example, Wuxi Hisky Medical Technologies Co., Ltd., a Chinese medical equipment manufacturer, announced the iLiv Touch product line in August 2019, which employs multichannel image-guided transitory elastography to determine the current state of hepatic steatosis and fibrosis.

The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Transient Elastography Devices by mobility, technology, end-users, and region. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):

  • Abbott
  • CAP-Controlled Attenuation Parameters
  • Echosens
  • FibroScan
  • HISKY Medical Technologies Co., Ltd.
  • Sandhill Scientific
  • SMEDA Medical Co., Ltd.
  • VCTE-Vibration Controlled Transient Elastographies
  • Wuxi Hisky Medical Technologies Co., Ltd

Mobility Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Standalone
  • Portable

Technology Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Vibration Controlled Transient Elastography (VCTE)
  • Controlled Attenuation Parameter

End User Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Hospitals
  • Diagnostic Centers
  • Others

Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):

  • North America (U.S., and Canada)
  • Europe (Germany, U.K., France, Italy, Spain etc.)
  • Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
  • South America (Brazil, Mexico, Argentina etc.)
  • Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)

Frequently Asked Questions

The global Transient Elastography Devices market size is estimated at USD 90.2 Million in 2020, expanding at a CAGR 4.4% from 2021-2027 to reach 150.4 Million USD in 2027.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global Transient Elastography Devices market size is expanding at a CAGR 4.4% from 2021-2027 to reach 150.4 Million USD in 2027.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
To stay competitive in the market, major firms in the business engage in strategic mergers and acquisitions, partnerships, and new product releases. For example, Wuxi Hisky Medical Technologies Co., Ltd., a Chinese medical equipment manufacturer, announced the iLiv Touch product line in August 2019, which employs multichannel image-guided transitory elastography to determine the current state of hepatic steatosis and fibrosis.

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