Press Release

Transrectal Ultrasound Market Is Suppress to US$ 291.2 Mn and Increase CAGR at 4.5% Forecast till 2025

Transrectal Ultrasound Market by Top Key Players are GE Healthcare, B Medical Holding Company, Inc., KOELIS, Exact Imaging, The Prometheus Group

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”.

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“Some of the Main Key Players Covered in the Report” Transrectal Ultrasound Market

  • GE Healthcare
  • BK Medical Holding Company, Inc.
  • Exact Imaging
  • The Prometheus Group
  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

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.

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.

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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 Asia Pacific is one of the major factors driving the TRUS market. An rising need to replace existing healthcare infrastructure in Asia Pacific is another factor driving the TRUS market.

“The global TRUS market can be segmented into the following categories”

Global Transrectal Ultrasound Market, by Product

  • Devices
  • Transducers

Global Transrectal Ultrasound Market, by Type

  • Cart/ Trolley-based
  • Portable

Global Transrectal Ultrasound Market, by Application

  • Diagnostic
  • Prostate Cancer
  • Benign Prostatic Hyperplasia
  • Others
  • Image-guided Treatment

Global Transrectal Ultrasound Market, by End User

  • Diagnostic Laboratories
  • Hospitals
  • Others

Global Transrectal Ultrasound Market, by Region

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

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“Lifestyle Changes Leading to Rising Prevalence of Prostate Cancer in turn Fueling Demand for TRUS Devices”

“The demand for 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 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 male population prefers transrectal ultrasound scan than any other normal tests. The healthcare infrastructure in developed and developing countries is sophisticated and well-equipped. This, coupled with better product availability, is boosting the TRUS market.

“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.

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