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
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.)
Table Of Content
1. Transient Elastography Devices Market Overview
1.1. Product Overview and Scope of Transient Elastography Devices
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Transient Elastography Devices Market Size Growth Rate Analysis by Mobility 2020 VS 2027
1.3.1. Standalone
1.3.2. Portable
1.4. Global Transient Elastography Devices Consumption Comparison by Technology: 2020 VS 2027
1.4.1. Vibration Controlled Transient Elastography (VCTE)
1.4.2. Controlled Attenuation Parameter
1.5. Global Transient Elastography Devices Consumption Comparison by End User: 2020 VS 2027
1.5.1. Hospitals
1.5.2. Diagnostic Centers
1.5.3. Others
1.6. Global Transient Elastography Devices Market Size Estimates and Forecasts by Region: 2020 VS 2027
1.6.1. North America Transient Elastography Devices Estimates
1.6.2. Europe Transient Elastography Devices Estimates
1.6.3. China Transient Elastography Devices Estimates
1.6.4. Japan Transient Elastography Devices Estimates
2. Market Competition by Manufacturers
2.1. Global Transient Elastography Devices Revenue Market Share by Manufacturers (2020)
2.2. Transient Elastography Devices Market Share by Company Mobility (Tier 1, Tier 2 and Tier 3)
2.3. Global Transient Elastography Devices Average Price by Manufacturers (2016-2021)
2.4. Manufacturers Transient Elastography Devices Production Sites, Area Served, Product Types
2.5. Transient Elastography Devices Market Competitive Situation and Trends
2.5.1. Transient Elastography Devices Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Transient Elastography Devices Consumption by Region (2016-2021)
3.1. Global Transient Elastography Devices Consumption by Region
3.2. Global Transient Elastography Devices Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Transient Elastography Devices Consumption Growth Rate (2016-2021)
3.2.3. North America Transient Elastography Devices Consumption, Price and Gross Margin (2016-2021)
3.2.4. North America Transient Elastography Devices Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Transient Elastography Devices Consumption Growth Rate (2016-2021)
3.2.7. Europe Transient Elastography Devices Consumption, Price and Gross Margin (2016-2021)
3.2.8. Europe Transient Elastography Devices Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Transient Elastography Devices Consumption Growth Rate (2016-2021)
3.2.11. Asia Pacific Transient Elastography Devices Consumption, Price and Gross Margin (2016-2021)
3.2.12. Asia Pacific Transient Elastography Devices Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Transient Elastography Devices Consumption Growth Rate (2016-2021)
3.2.15. South America Transient Elastography Devices Consumption, Price and Gross Margin (2016-2021)
3.2.16. South America Transient Elastography Devices Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Transient Elastography Devices Consumption Growth Rate (2016-2021)
3.2.19. Middle East and Africa Transient Elastography Devices Consumption, Price and Gross Margin (2016-2021)
3.2.20. Middle East and Africa Transient Elastography Devices Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Transient Elastography Devices Consumption by Mobility (2016-2021)
4.1. Global Transient Elastography Devices Price by Mobility (2016-2021)
4.2. Global Transient Elastography Devices Revenue Market Share by Mobility (2016-2021)
4.2.1. Standalone
4.2.2. Portable
5. Global Transient Elastography Devices Consumption by Technology (2016-2021)
5.1. Global Transient Elastography Devices Price by Technology (2016-2021)
5.2. Global Transient Elastography Devices Revenue Market Share by Technology (2016-2021)
5.2.1. Vibration Controlled Transient Elastography (VCTE)
5.2.2. Controlled Attenuation Parameter
6. Global Transient Elastography Devices Consumption by End User (2016-2021)
6.1. Global Transient Elastography Devices Price by End User (2016-2021)
6.2. Global Transient Elastography Devices Revenue Market Share by End User (2016-2021)
6.2.1. Hospitals
6.2.2. Diagnostic Centers
6.2.3. Others
7. Key Companies Profiled
7.1. Echosens
7.1.1. Echosens Transient Elastography Devices Corporation Information
7.1.2. Echosens Transient Elastography Devices Product Portfolio
7.1.3. Echosens Transient Elastography Devices Consumption, Price and Gross Margin (2016-2021)
7.1.4. Echosens Main Business and Markets Served
7.1.5. Echosens Recent Developments/Updates
7.2. Abbott
7.3. CAP-Controlled Attenuation Parameters
7.4. FibroScan
7.5. HISKY Medical Technologies Co., Ltd.
7.6. Sandhill Scientific
7.7. SMEDA Medical Co., Ltd.
7.8. VCTE-Vibration Controlled Transient Elastographies
7.9. Wuxi Hisky Medical Technologies Co., Ltd
8. Marketing Channel, Distributors and Customers
8.1. Marketing Channel
8.2. Transient Elastography Devices Distributors List
8.3. Transient Elastography Devices Customers
9. Market Dynamics
9.1. Transient Elastography Devices Industry Trends
9.2. Transient Elastography Devices Growth Drivers
9.3. Transient Elastography Devices Market Challenges
9.4. Transient Elastography Devices Market Restraints
10. Global Transient Elastography Devices Consumption and Demand Forecast, by Region (2022-2027)
10.1. Global Forecasted Demand Analysis of Transient Elastography Devices, by Regions and Country
10.1.1. North America Forecasted Consumption of Transient Elastography Devices by Country
10.1.2. Europe Market Forecasted Consumption of Transient Elastography Devices by Country
10.1.3. Asia Pacific Market Forecasted Consumption of Transient Elastography Devices by Region
10.1.4. Latin America Forecasted Consumption of Transient Elastography Devices by Country
10.1.5. Middle East and Africa Forecasted Consumption of Transient Elastography Devices by Country
11. Global Transient Elastography Devices Consumption and Demand Forecast, by Device Segments (2022-2027)
11.1. Global Forecasted Consumption of Transient Elastography Devices by Device Segments (2022-2027)
11.2. Global Consumption and Price Forecast by Device Segments (2022-2027)
11.3. Global Forecasted Growth Rate of Transient Elastography Devices by Device Segments (2022-2027)
12. Research Finding and Conclusion
13. Methodology and Data Source
13.1. Methodology/Research Approach
13.1.1. Research Programs/Mobility
13.1.2. Market Size Estimation
13.1.3. Market Breakdown and Data Triangulation
13.2. Data Source
13.2.1. Secondary Sources
13.2.2. Primary Sources
13.3. Author List
13.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
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- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
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