The Elastography Imaging Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Elastography Imaging Global Market Report 2024, The elastography imaging market size has grown rapidly in recent years. It will grow from $3.31 billion in 2023 to $3.66 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The growth in the historic period can be attributed to clinical validation and acceptance, introduction of shear wave elastography, expansion beyond liver imaging, development of software and algorithms.
The elastography imaging market size is expected to see strong growth in the next few years. It will grow to $5.27 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to market growth and expansion, global healthcare trends, cost-efficiency and affordability, demand for non-invasive diagnostics, clinical adoption and acceptance. Major trends in the forecast period include clinical advancements, integration of shear wave elastography (swe), real-time imaging, multimodal imaging integration, expanding clinical applications.
The rising incidence of chronic liver and breast cancer is expected to propel the growth of the elastography imaging market going forward. Chronic liver and breast cancer refers to the condition in which, the liver cell grows and multiply out of control, and gives rise to life-threatening illness. Elastography is an ultrasound (US)-based technique that is frequently used in the field of hepatology, for determining the stiffness of the liver in people with chronic liver disease. Hence, the rising incidence of chronic liver and breast cancer will support the growth of the elastography imaging market. For instance, in January 2023, according to the data imparted in the ‘Cancer Facts And Figures 2023’ report published by the American Cancer Society, a US-based, nationwide voluntary health organization, the number of new cases of liver and intrahepatic bile duct cancer, in female, reached 13,230 in 2023, increased from 12,640 in 2020 in the United States. Therefore, the rising incidence of chronic liver and breast cancer is driving the growth of the elastography imaging market.
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The elastography imaging market covered in this report is segmented –
1) By Modality: Ultrasound, Magnetic Resonance
2) By Application: Radiology, Cardiology, Obstetrics, Urology, Vascular, Orthopedic and Musculoskeletal, Other Applications
3) By End Use: Hospitals, Ambulatory Surgery Centers, Other End Uses
Technologically advanced elastography imaging devices are a key trend gaining popularity in the elastography imaging market. Major companies operating in the elastography imaging market are focusing on technologically advanced elastography imaging devices to sustain their position in the market. For instance, in May 2022, Mindray Medical International Limited, a China-based medical instrumentation manufacturing company launched Resona I9 Ultrasound Machine. It is a Shear Wave Elastography (SWE) based system built with an intelligent iConsole control panel, and customizable E-Ink keys integrated with a 2-hour long battery. The Resona I9 has sophisticated ultrasound capabilities that offer a harmonious mix of resolution, tissue homogeneity, and crisp imaging through Mindray's ground-breaking ZONE Sonography Technology+ (ZST+). Increased frame rate, greater refresh rates, and more seamless transitions are possible using shear-wave elastography, in I9.
The elastography imaging market report table of contents includes:
1. Executive Summary
2. Elastography Imaging Market Characteristics
3. Elastography Imaging Market Trends And Strategies
4. Elastography Imaging Market - Macro Economic Scenario
5. Global Elastography Imaging Market Size and Growth
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31. Global Elastography Imaging Market Competitive Benchmarking
32. Global Elastography Imaging Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Elastography Imaging Market
34. Elastography Imaging Market Future Outlook and Potential Analysis
35. Appendix
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Market Analysis The global elastography imaging market is estimated to grow at an 11.1% CAGR between 2019-2025, reveals the new Market Research Future (MRFR) report.
Owing to its magnificent features, elastography imaging has wide applications in orthopedic and musculoskeletal applications, vascular, urology, obstetrics/gynecology, cardiology, radiology/general imaging, and others.Numerous factors are adding to the global elastography imaging market growth.
On the contrary, the high price of systems may limit the global elastography imaging market growth over the forecast period.
By modality, the elastography imaging market is segmented into magnetic resonance elastography (MRI) and ultrasound.
Meanwhile, magnetic resonance elastography will grow at the fastest pace for its increasing adoption rate and wider availability.
By application, the elastography imaging market is segmented into orthopedic and musculoskeletal applications, vascular, urology, obstetrics/gynecology, cardiology, radiology/general imaging, and others.
Market HighlightsIt is estimated that the global elastography imaging market is expected to register a CAGR of 11.1% during the forecast period of 2019 to 2025, with a market value of USD 2,538.2 million in 2018.Elastography is a medical imaging method that plots the elastic properties of soft tissue to stipulate the diagnostic data during surgery.
For instance, in February 2019, Esaote launched the MyLabX8, an ultrasound platform to support hospitals and clinics.
Also, in November 2018, Canon Medical Systems Corporation introduced Contrast Vector Imaging (CVI) to provide additional information on liver hemodynamics and expand the use of contrast-enhanced ultrasound on its premium ultrasound system.SegmentationThe global elastography imaging market has been segmented based on modality, application, and end user.The market, based on modality, has been bifurcated into ultrasound, and magnetic resonance elastography.
The ultrasound segment is expected to hold a major share in the market, owing to the high advantages of this type of modality.
The magnetic resonance elastography segment is anticipated to be the fastest growing due to the wider availability and rising adoption rate.The market, by application, has been divided into radiology/general imaging, cardiology, obstetrics/gynecology, urology, vascular, orthopedic & musculoskeletal applications, and others.
The cardiology segment is expected to be the fastest growing one due to the increased patient population in recent years.The market, by end user, has been classified as hospitals & ambulatory surgical centers, diagnostic centers, research laboratories, and others.
According to research report the Elastography Imaging Market is expected to grow from USD 2.5 billion in 2018 to USD 4.6 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 11.0% during the forecast period.
Ask for Free PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=107232051 The major driving factors in the elastography imaging market are growing incidence of breast cancer and chronic liver diseases, and a rising preference for minimally invasive procedures across the globe.
The Asia Pacific elastography system market, particularly comprises Asian countries (such as India, China, South Korea, Japan, and Indonesia, among others) and Pacific countries (such as Australia, New Zealand, and Fiji, among others).
Emerging Asia Pacific countries, such as India, China, Japan, South Korea, and Indonesia, are witnessing increasing per capita healthcare expenditure and rapid expansion and the modernization of their respective healthcare infrastructure.
The hospitals, surgical & diagnostic centers segment, by end user, is projected to occupy the majority of the elastography system market share and grow at the fastest rate during the forecast period.
Based on end user, the global elastography imaging market is segmented into hospitals, surgical & diagnostic centers; ambulatory surgical centers; and other end users.
A Elastography Imaging Market is a specialized method of diagnosis of soft tissues of patients.
This detection of softness or hardness results in isolating identifying any disorders with the patient.
This imaging technique is utilized majorly in ultrasound or MRI to provide a visual image of the diagnostic area.
It is a minimally-invasive diagnostic technique for detecting cancerous cell unlike biopsies which are generally quite painful.Global elastography imaging market is expected to rise to an estimated value of USD 6.54 billion by 2026 registering a healthy CAGR in the forecast period of 2019-2026.
This rise in the market value can be attributed to the increasing preference of undergoing minimally invasive diagnostic procedures, coupled with a number of product approvals in the market.FREE | Get a Copy of Sample Report Now!
@https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-elastography-imaging-marketMarket Drivers and Restraints:Increasing prevalence of liver disorders along with an increase in breast cancer cases; this factor is expected to drive the growth of the marketPain-less accurate diagnostic imaging process of these imaging systems is expected to foster growth of the market valueIncreased demand from the Asia-Pacific region due to the authorities taking steps to utilize screening/imaging of the population; this factor is expected to drive the growth of the marketWith the development of shear wave elastography technique, operators can be dependent on advance equipment to help repeat the same accurate diagnosis with little or no modifications to the method; this factor is expected to augment growth of the marketThe major players covered in the Elastography Imaging market:Few of the major competitors currently working in the global elastography imaging market are GENERAL ELECTRIC COMPANY; Koninklijke Philips N.V.; Siemens; CANON MEDICAL SYSTEMS CORPORATION; Hitachi, Ltd.; SAMSUNGHEALTHCARE.COM; FUJIFILM Corporation; Shenzhen Mindray Bio-Medical Electronics Co., Ltd.; ESAOTE SPA; Supersonic Imagine; Resoundant, Inc.; Advanced Instrumentations; BK Medical Holding Company, Inc. and SonoScape Medical Corp., among others.Major TOC Of The ReportChapter One: Elastography Imaging market OverviewChapter Two: Manufacturers ProfilesChapter Three: Global Elastography Imaging Market Competition, by PlayersChapter Four: Global Elastography Imaging market Size by RegionsChapter Five: North America Elastography Imaging market Revenue by CountriesChapter Six: Europe Elastography Imaging market Revenue by CountriesChapter Seven: Asia-Pacific Elastography Imaging market Revenue by CountriesChapter Eight: South America Elastography Imaging market Revenue by CountriesBrief about Elastography Imaging Market Report with TOC@ https://www.databridgemarketresearch.com/toc/?dbmr=global-elastography-imaging-marketKey Report HighlightsComprehensive pricing analysis based on different product types and regional segmentsMarket size data in terms of revenue and sales volumeDeep insights about regulatory and investment scenarios of the global Elastography Imaging marketAnalysis of market effect factors and their impact on the forecast and outlook of the global Elastography Imaging marketThe detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the global Elastography Imaging marketA roadmap of growth opportunities available in the global Elastography Imaging market with the identification of key factorsThe exhaustive analysis of various trends of the global Elastography Imaging market to help identify market developmentsKey Questions Answered in Report:What is the key to the Elastography Imaging market ?What will the Elastography Imaging market Demand and what will be Growth?What are the latest opportunities for Elastography Imaging market in the future?What are the strengths of the key players?Find the comprehensive Elastography Imaging Market research report here with a single click at@https://www.databridgemarketresearch.com/reports/global-elastography-imaging-marketAbout Us:Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches.
Elastography Imaging Market -OverviewThe mushrooming occurrence of life-threatening diseases is predicted to spur the Elastography Imaging Market Demand share.
The increased opt-ins for surgical intervention to treat diseases are foreseen to augment the elastography imaging market in the future.Request Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/8070Segmental AnalysisThe segmental appraisal of the elastography imaging market is carried out on the basis of modality, application, end-user, and region.
The application segment of the elastography imaging market comprises of orthopedic & musculoskeletal applications, cardiology, obstetrics/gynecology, radiology/general imaging, urology, vascular, and others.
The modality segment of the elastography imaging market comprises of magnetic resonance and ultrasound elastography.
The elastography imaging market in the European region showed a considerable amount of expansion.
However, a reduction in capital investment is confining the elastography imaging market development in this region.Key PlayersLeading players profiled in the global elastography imaging market report include General Electric Company, Supersonic Imagine, Samsung Electronics (Samsung Medison), Koninklijke Philips N.V., Mindray Medical International Ltd., Resoundant Inc., Hitachi Ltd., Esaote, Fujifilm Holdings Corporation, Siemens AG, and Canon Medical Systems Corporation.Industry NewsNovember 2019: SimonMed Imaging is the first to provide advanced screening for fatty liver disease.
