Transient Elastography Devices Market Size, Share, Trends and Forecasts Up to 2031 with Dominant Sectors

Kenneth Research has recently added a report titled Transient Elastography Devices Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2022-2031.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Transient Elastography Devices Market products.

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

Transient elastography is a new and non-invasive method used to assess liver tissue stiffness, that is further used to analyze the existence of liver diseases along with its stage of development. A quantitative one-dimensional image of tissue stiffness is provided by transient elastography. Factors such as sedentary lifestyle and heavy alcohol intake  led to increase in the number of cases with liver disorder such as fibrosis and cirrhosis. As per the Centers for Disease Control and Prevention (CDC), the deaths from liver disease due to the excessive alcohol consumption were 22,246 in the United States in 2017 while it is projected to grow to 1128400 by 2040. Even though people are becoming more aware of accurate diagnosis at an early stage, there is indeed a high demand for transient elastography device. This is expected to substantially expand the transient elastography device market.  However, high cost of the device and diagnosis procedure is expected to impede the market growth over the forecast period.   . The opportunity factor is the rise in population awareness regarding early diagnosis of liver-related diseases that boosts the market growth over the forecast for transient elastography devices.

The regional analysis of global Transient Elastography Devices market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. The European market for transient elastography devices is projected to account for the largest share attributed to the prevalence of the region’s leading market players who produce and sell transient elastography devices. Growing criteria for the evaluation of liver problems using non-invasive transient elastography techniques as per the guidelines of the European Liver Research Association will increase the demand for the drug. As a consequence of rapid development in healthcare equipment and increasing research activities in the region, the Asia Pacific region industry is forecasted to grow at the highest rate during the forecast period. Advances in health care facilities in the region, especially in countries like China, Japan and India, also increase demand for this product.

Major market player included in this report are:

Sandhill Scientific
VCTE-Vibration Controlled Transient Elastographies
CAP-Controlled Attenuation Parameters
Diversatek, Inc

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type

VCTE-Vibration Controlled Transient Elastographies
CAP-Controlled Attenuation Parameters

by Application

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

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Target Audience of the Global Transient Elastography Devices Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

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