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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Transient Elastography is a non-invasive method used for the assessment of hepatic fibrosis in patients with chronic liver disease by measuring liver stiffness. Transient elastography is recommended for the initial evaluation of liver fibrosis in untreated patients with chronic hepatitis C and no accompanying health disorders. Transient elastography devices uses techniques such as vibration controlled transient elastography (VCTE) and controlled attenuation parameter. Increasing number of liver diseases is expected to drive the growth of transient elastography devices market. For instance, according to the American Liver Foundation, 15%-25% of chronic hepatitis B cases develop into serious liver diseases such as cancer, cirrhosis, and liver failure.

Transient Elastography Devices Market – Impact of Coronavirus (COVID-19) Pandemic

The coronavirus (COVID 19) pandemic and lockdowns in various countries across the globe have impacted the financial status of business across all sectors. The private healthcare sector is one the sectors which has been majorly impacted by the COVID-19 pandemic. The lockdown in various countries due to COVID-19 pandemic has created an economic burden on the private healthcare sector. Healthcare providers were facing challenges with regards to manpower, equipment, consumables, and other resources to ensure safety in treatment of patients with other diseases, and declining outpatient’s visits, etc. Moreover, the coronavirus pandemic has negatively impacted the development, production, and supply of drugs and affected growth of the healthcare businesses of various companies across the globe, this has led to closure of industrial establishments, except manufacturing of essential commodities and leading to disruption in supply chain of products. Thus, COVID-19 pandemic has affected the economy in three main ways; 1) by directly affecting the production and demand; 2) by creating disruptions in distribution channels; and 3) through its financial impact on companies and financial markets. Supply chain and manufacturing activities in India, China, the U.S. and others have been disrupted due to the global lockdowns, while countries such as Thailand, Indonesia, Singapore, and others are facing problems with regards to transportation of drugs and medications.

Thus, impact of the coronavirus (COVID-19) pandemic is expected to limit growth of the global transient elastography devices market during the forecast period.

The global transient elastography devices market is estimated to be valued at US$ 83.2 million in 2021 and is expected to exhibit a CAGR of 3.5% during the forecast period (2021-2028).

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Transient Elastography Devices Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021: US$ 83.2 Mn
Historical Data for: 2018 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 3.5 % 2028 Value Projection: US$ 106.1 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of APAC
  • Middle East: GCC, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Modality: Standalone, Portable
  • By Technique: Vibration Controlled Transient Elastography (VCTE), Controlled Attenuation Parameter
  • By End User: Hospitals, Diagnostic Centers, Others
Companies covered:

Echosens, HISKY Medical Technologies Co., Ltd. and SMEDA Medical Co., Ltd.

Growth Drivers:
  • High prevalence of chronic liver diseases 
  • Increasing significant consumption of alcohol
Restraints & Challenges:
  • Availability of alternate methods to detect liver fibrosis

Figure1. Global Transient Elastography Devices Market Value (US$ Mn), By Modality (2021-2028)

Transient Elastography Devices  | Coherent Market Insights
Increasing partnerships by key players and increasing number of product launches are expected to drive growth of global transient elastography devices market.

Major factors assisting the market growth during the forecast period includes the rising number of partnerships by the key players in the market. For instance, in August 2019, Wuxi Hisky Medical Technologies Co., Ltd., a China-based medical device company, launched a new product series, iLivTouch, which uses multichannel imaging guided transient elastography to assess the state of hepatic fibrosis and steatosis.

Furthermore, key market players are focused on product launch, which is expected to drive the growth of global transient elastography devices market. For instance, in November 2020, Echosens, a high-technology company offering the FibroScan family of products, announced the launch of FibroScan 630 Expert, a comprehensive non-invasive solution for assessing stiffness and ensure efficient liver disease management, in the U.S.

Global Transient Elastography Devices Market – Restraints

Growth of the global transient elastography devices market is expected to be hampered over the forecast period, owing to alternate technologies such as shear wave elastography (SWE), and magnetic resonance elastography (MRE). For instance, magnetic resonance elastography (MRE) is useful in detecting the development of fibrosis in diffuse liver. SWE can be used as an alternative to transient elastography (TE) device when TE devices are not able to obtain adequate results for patients suffering from obesity and ascites.

Figure 2. Global Transient Elastography Devices Market Value (US$ Mn) & Y-o-Y Growth (%), 2021-2028

Transient Elastography Devices  | Coherent Market Insights

Global Transient Elastography Devices Market - Competitive Landscape

Key players operating in the global transient elastography devices market are Echosens, HISKY Medical Technologies Co., Ltd., and SMEDA Medical Co., Ltd.

Elastography is a medical imaging modality that maps the elastic properties and stiffness of soft tissues such as liver. Elastography is also known as liver elastography. It is a type of imaging test that checks the liver for fibrosis. Fibrosis is a condition that reduces blood flow to and inside the liver. This causes the build-up of scar tissue. Fibrosis can lead to serious complications in the liver. An elastography is used to diagnose fatty liver disease (FLD) and fibrosis. Fatty liver disease is a condition in which normal liver tissue is replaced by fat. This fat can lead to cell death and fibrosis in the liver. Transient elastography (TE) devices measures the stiffness of liver. TE devices use vibration controlled transient elastography (VCTE) and controlled attenuation parameters. Transient elastography devices comes in standalone and portable modality.   

Market Dynamics

Increasing number of product launches is expected to drive the global transient elastography devices market. For instance, in August 2019, Wuxi Hisky Medical Technologies Co., Ltd., a China-based medical device company, launched a new product series, iLivTouch, which uses multichannel imaging guided transient elastography to assess the state of hepatic fibrosis and steatosis.

However, growth of the global transient elastography devices market could also be hampered over the forecast period, owing to the availability of alternate methods. For instance, transient elastography devices cannot be used for people who are suffering from obesity, ascites, and narrow intercostal spaces. So, in such patients, alternate technologies such as shear wave elastography (SWE) and magnetic resonance elastography (MRE) are available in the market.  

Key features of the study:

  • This report provides in-depth analysis of the global transient elastography devices market size (US$ in Mn), and compound annual growth rate (CAGR) for the forecast period: 2021-2028, considering 2020 as the base year.
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market.
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by leading players.
  • It profiles key players in the global transient elastography devices market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
  • Key players covered as a part of this study are Echosens, HISKY Medical Technologies Co., Ltd. and SMEDA Medical Co., Ltd.
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions with respect to future product launches, governmental initiatives, technological up-gradation, market expansion, and marketing tactics.
  • The global transient elastography devices market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors, and suppliers for dialysis market, research and consulting firms, new entrants, and financial analysts.

Detailed Segmentation:

  • Global Transient Elastography Devices Market, By Modality:
    • Standalone
    • Portable
  • Global Transient Elastography Devices Market, By Technique:
    • Vibration Controlled Transient Elastography (VCTE).
    • Controlled Attenuation Parameter
  • Global Artificial Bone Market, By End User:
    • Hospitals
    • Diagnostic Centers
    • Others
  •  Global Artificial Bone Market, By Region:
    • North America
      • By Country:
        • U.S.
        • Canada
      • By Modality:
        • Standalone
        • Portable
      • By Technique:
        • Vibration Controlled Transient Elastography (VCTE)
        • Controlled Attenuation Parameter
      • By End User:
        • Hospitals
        • Diagnostic Centres
        • Others
    • Europe
      • By Country:
        • U.K.
        • Germany
        • Italy
        • Spain
        • France
        • Russia
        • Rest of Europe
      • By Modality:
        • Standalone
        • Portable
      • By Technique:
        • Vibration Controlled Transient Elastography (VCTE)
        • Controlled Attenuation Parameter
      • By End User:
        • Hospitals
        • Diagnostic Centers
        • Others
    • Asia Pacific
      • By Country:
        • Australia
        • India
        • China
        • Japan
        • ASEAN
        • South Korea
        • Rest of Asia Pacific
      • By Modality:
        • Standalone
        • Portable
      • By Technique:
        • Vibration Controlled Transient Elastography (VCTE)
        • Controlled Attenuation Parameter
      • By End User:
        • Hospitals
        • Diagnostic Centers
        • Others
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
      • By Modality:
        • Standalone
        • Portable
      • By Technique:
        • Vibration Controlled Transient Elastography (VCTE)
        • Controlled Attenuation Parameter
      • By End User:
        • Hospitals
        • Diagnostic Centers
        • Others
    • Middle East
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
      • By Modality:
        • Standalone
        • Portable
      • By Technique:
        • Vibration Controlled Transient Elastography (VCTE)
        • Controlled Attenuation Parameter
      • By End User:
        • Hospitals
        • Diagnostic Centers
        • Others
    • Africa
      • By Country/Region:
        • South Africa
        • Central Africa
        • North Africa
      • By Modality:
        • Standalone
        • Portable
      • By Technique:
        • Vibration Controlled Transient Elastography (VCTE)
        • Controlled Attenuation Parameter
      • By End User:
        • Hospitals
        • Diagnostic Centers
        • Others
  • Company Profiles
    • Echosens
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Highlights
      • Strategies
    • HISKY Medical Technologies Co., Ltd.
    • SMEDA Medical Co., Ltd.

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. 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)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Drivers
    • Restraints
    • Market Opportunities
    • Market Trend
    • Impact Analysis
  4. 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
  5. 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)
  6. 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)
  7. 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)
  8. 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
  9. 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
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 111 market data tables and 30 figures on "Global Transient Elastography Devices Market” - Forecast to 2028”

FAQgrowicon

Frequently Asked Questions

The global transient elastography devices market is expected to register a CAGR of market is 3.5 % during the forecast period (2021-2028).
The market is estimated to be valued at US$ 83.2 million in 2021.
The prominent players in the market are Echosens, HISKY Medical Technologies Co., Ltd., and SMEDA Medical Co., Ltd.
The market is expected to be valued at US$ 106.1 million in 2028.
North America is the major region that is accounted to have the largest share in the market.
High prevalence of chronic liver diseases and significant consumption of alcohol is expected to drive growth of the market during the forecast period.
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