Market Overview:
Elastography is a medical imaging technique that helps determine the stiffness of organs and other parts of the body. It is most commonly used to assess liver. While, transient elastography (FibroScan) is a non-invasive technique used for the assessment of liver fibrosis by measuring liver stiffness in people with chronic liver disease. It is recommended for the evaluation of liver fibrosis in people with chronic hepatitis C and no accompanying health disorders. Liver fibrosis is the excessive accumulation of extracellular matrix proteins that occurs in most types of chronic liver diseases. Advanced liver fibrosis results in liver failure, cirrhosis, and portal hypertension and often requires liver transplantation. Transient elastography devices are used to measure the stiffness of the liver in volume. The volume measured by transient elastography is 100 times bigger than a biopsy sample and is more accurate.
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Competitive Landscape:
Major players active in the global transient elastography devices market are HISKY Medical Technologies Co., Ltd., Echosens, and SMEDA Medical Co., Ltd., among others.
Key Market Drivers:
Increasing prevalence of liver diseases, such as hepatitis A, hepatitis B, and hepatitis C, around the world is expected to propel growth of the transient elastography devices market during the forecast period. For instance, according to the World Health Organization (WHO) Europe, both hepatitis B or hepatitis C kill around 1.5 million people worldwide each year; one in every three people has been exposed to either or both viruses and most infected people do not know about it due to dormant symptoms.
Moreover, rise in sedentary lifestyle, excess consumption of alcohol, unhealthy dietary habits, and increase in awareness among the population for early and accurate diagnosis is expected to augment the growth of the transient elastography devices market. Sedentary lifestyle, excess consumption of alcohol, unhealthy dietary habits increase the incidence rate of liver cirrhosis and fibrosis. For instance, according to the Centers for Disease Control and Prevention (CDC) 2018 report, around 25.1% of individuals aged 18 and over had at least one heavy drink a day (five or more drinks for men and four or more drinks for women).
COVID-19 Impact Analysis:
Transient elastography is a useful and non-invasive tool to assess onset and severity of acute liver injury in patients with COVID-19 patients. Severe liver damage is associated with worse outcome in COVID-19. This in turn is expected to increase the demand for elastography devices around the world, driving the growth of the market.
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Key Takeaways:
The transient elastography devices market is expected to exhibit a CAGR of XX % during the forecast period owing to the introduction of novel products in the market. For instance, in June 2021, Echosens launched FibroScan-based Agile scores to easily detect advanced fibrosis and cirrhosis in non-alcoholic fatty liver disease patients.
Among regions, North America and Asia Pacific are expected to witness robust growth in the transient elastography devices market due to the increasing prevalence of liver diseases, increasing demand for transient elastography devices, and rise in awareness about early and accurate diagnosis. For instance, in August 2019, Wuxi Hisky Medical Technologies Co. Ltd. announced the launch of new product series called iLivTouch that uses multi-channel imaging guided transient elastography.
Reasons to Purchase this Report
• Current and future of global Transient Elastography Devices market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players
Table of Content
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Overview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Modality
- Market Snippet, By Technique
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Drivers
- Restraints
- Market Opportunities
- Market Trend
- Impact Analysis
- Global Transient Elastography Devices Market – Impact of Coronavirus (Covid-19) Pandemic
- COVID-19 Epidemiology
- Impact on Liver Disease Patients
- Overall Impact On The Healthcare Industry
- Global Transient Elastography Devices Market, By Modality, 2017 – 2028, (US$ Million)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Standalone
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017– 2028, (US$ Million)
- Portable
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- Introduction
- Global Transient Elastography Devices Market, By Technique, 2017 – 2028, (US$ Million)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Vibration Controlled Transient Elastography (VCTE)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- Controlled Attenuation Parameter
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- Introduction
- Global Transient Elastography Devices Market, By End User, 2017 – 2028, (US$ Million)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- Diagnostic Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- Introduction
- Global Transient Elastography Devices Market, By Region, 2017 – 2028, (US$ Million)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Regional Trends
- North America
- Overview
- Market Size and Forecast, and Y-o-Y Growth, By Modality, 2017 – 2028, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Technique, 2017 – 2028, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 – 2028, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2028, (US$ Million)
- U.S.
- Canada
- Europe
- Overview
- Market Size and Forecast, and Y-o-Y Growth, By Modality, 2017 – 2028, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Technique, 2017 – 2028, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 – 2028, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2028, (US$ Million)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Overview
- Market Size and Forecast, and Y-o-Y Growth, By Modality, 2017 – 2028, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Technique, 2017 – 2028, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 – 2028, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2028, (US$ Million)
- China
- Japan
- India
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Overview
- Market Size and Forecast, and Y-o-Y Growth, By Modality, 2017 – 2028, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Technique, 2017 – 2028, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 – 2028, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2028, (US$ Million)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East
- Overview
- Market Size and Forecast, and Y-o-Y Growth, By Modality, 2017 – 2028, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Technique, 2017 – 2028, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 – 2028, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2028, (US$ Million)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Overview
- Market Size and Forecast, and Y-o-Y Growth, By Modality, 2017 – 2028, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Technique, 2017 – 2028, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 – 2028, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2028, (US$ Million)
- North Africa
- Central Africa
- South Africa
- Introduction
- Competitive Landscape
- Company Profiles
- Echosens.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- HISKY Medical Technologies Co., Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- SMEDA Medical Co., Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Echosens.
- Company Profiles
- Section
- References
- Research Methodology
- About us and Sales Contact
About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having an office at global financial capital in the U.S. and sales consultants in the United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies to not-for-profit organizations, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.
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