Research Nester released a report titled “Transient Elastography Device Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the global transient elastography device market in terms of market segmentation by technology, mode, end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Transient elastography device are used for the effective and timely assessment of liver tissue in order to diagnose the liver fibrosis and cirrhosis at an early stage. Owing to its non-invasive method used for the assessment of liver tissues as well as rise in awareness among people towards the liver disorders, the transient elastography device market is anticipated to record a significant CAGR over the forecast period, i.e., 2020-2028.
The market is segmented by technology into vibration controlled transient elastography [VCTE], controlled attenuation parameter [CAP] and fibrometer, out of which, the vibration controlled transient elastography [VCTE] is anticipated to hold the leading share in the transient elastography device market owing to its key feature of generating quantitative measurements of crucial liver parameters like liver stiffness.
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Regionally, the transient elastography device market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Europe is predicted to hold the largest market share on account of growing demand of non-intrusive elastography technique in the region, as well as for the presence of leading market players.
Growing Cases of Liver Disorders to Boost the Market Growth
In 2018, 47.8 percent of 83,517 liver disease deaths among individuals above age 12 involved alcohol, as per the National Institute of Alcohol Abuse and Alcoholism.
Rise in cases of liver problems such as fibrosis and cirrhosis owing to sedentary lifestyle and excess alcohol consumption is creating awareness among the people for early primary diagnosis. There is a growing concern for a number of people as a result of these disorders.
Further, the device is also used for the diagnosis of other disorders in addition to liver diseases. Such factors are anticipated to increase the market growth over the forecast period. However, high costs involved in operating procedure of elastography device and existence of other alternate methods in evaluation of liver stiffness is estimated to hamper the growth of transient elastography device.
“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”
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This report also provides the existing competitive scenario of some of the key players of the global transient elastography device market which includes company profiling of EchoSens and Diversatek, Inc. Moreover, several players in the transient elastography device industry are increasingly expanding their product diversification by utilizing advanced technologies which will digitally integrate the device to detect and assess the liver disorders at a primary stage.
Additionally, several players are also increasingly investing on research and developmental activities that help to advance the technologies in transient elastography device. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global transient elastography device market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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