Elastography Imaging Market Size, Share, Demand, Key Player profile, Regional Outlook and Comprehensive Research by 2027

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. Elastography, simply put, is a medical imaging mode that maps the stiffness & elastic properties of soft tissue. 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. Such factors, according to the recent MRFR report, include the growing demand for effective therapies for treating complicated disorders, changes in regulatory policies, increasing incidence of life-threatening diseases, and burgeoning demand for procedures that are minimally invasive to diagnose as well as treat various chronic diseases.

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On the contrary, the high price of systems may limit the global elastography imaging market growth over the forecast period. 

Segmental Analysis

The 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 region segment of the elastography imaging market comprises of the Americas, Europe, the Middle East, Asia Pacific, and Africa. The modality segment of the elastography imaging market comprises of magnetic resonance and ultrasound elastography. The end-user segment of the elastography imaging market comprises of research laboratories, hospitals & ambulatory surgical centers, and diagnostic centers.

Regional Analysis

By region, the global elastography imaging market report covers the growth opportunities and recent trends across Europe, the Americas, the Middle East & Africa (MEA), and the Asia Pacific (APAC). Of these, the Americas will have the lions share in the market over the forecast period. Factors adding to the global elastography imaging market growth in the region include the increasing use of new technology, rising per capita healthcare expenditure, and increasing expenditure by healthcare bodies in research. Canada and the United States are the key contributors in the region for improving reimbursement scenario and a rise in insurance coverage.

The global elastography imaging market in Europe is predicted to hold the second-largest share over the forecast period for the involvement of top companies, rise in chronic diseases, and the presence of an established healthcare system.

The global elastography imaging market in the APAC region will have steady growth over the forecast period for the favorable initiatives undertaken by the government for healthcare reforms and the rising prevalence of chronic diseases. Meanwhile, a fall in capital investment may hinder the market growth.

The global elastography imaging market in the MEA will have a small share during the forecast period for the region’s low disposable income and limited access to medical treatment facilities.

Competitive Analysis 

The competition in the market is estimated to flare-up following the disruption created by the COVID- pandemic. The emphasis on ensuring sustainability in long-term operations is estimated to be a key cause for development in the upcoming period. The trends in the market are estimated to bolster the progress in the worldwide market. The tendency to invest and expand capacities is estimated to create a promising scope for the market in the impending years. The change in several regulations that are running the development of the market is estimated to impact the innovations that can be seen in the global market. The increased contribution of online channels towards the swell in transactions is predicted to further encourage the advancement of the market in the future. The government intervention in the creation of opportunities that can incentivize the development of key regions in the market is predicted to further add an optimistic touch to the proceedings in the market. The market is appraised to be stimulated by an increased development upsurge that is bracing the contenders who are active in the market.

The eminent contenders in the elastography imaging market are Esaote, Siemens AG, Supersonic Imagine, Fujifilm Holdings Corporation, Resoundant Inc., Hitachi Ltd., Koninklijke Philips N.V., Mindray Medical International Ltd., Samsung Electronics (Samsung Medison), Canon Medical Systems Corporation, and General Electric Company.

Industry Updates:

Nov 2020 Resoundant Inc., has declared that it has arrived into a strategic collaboration with United Imaging Healthcare to commence offering advanced magnetic resonance elastography (MRE) on the foremost United Imaging MRI systems. United Imaging’s mission includes a devotion to the newest innovations and guaranteeing their accessibility globally.  The company’s sole “all in” model features the uppermost priority applications desired to encounter day-to-day workflows. The addition of MRE as an essential product will demonstrate this standard, as it has developed into a vital clinical tool for non-invasively assessing liver fibrosis globally.

Dec 2020 Hologic, Inc. has announced 3D ultrasound imaging is now presented on the SuperSonic MACH 40 ultrasound system. Clinicians can now open high-resolution B-mode and ShearWave PLUS elastography 3D volumes, which are intended to improve diagnostic sureness. With the 3D volumetric data attained on the SuperSonic MACH 40 system, clinicians can see parts of interest from a new viewpoint.

Key Players

Leading 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.

LIST OF TABLES

Table 1 Global Elastography Imaging Market Synopsis, 2020-2027

Table 2 Global Elastography Imaging Market Estimates and Forecast, 2020-2027 (USD Million)

Table 3 Global Elastography Imaging Market, by Modality, 2020-2027 (USD Million)

Table 4 Global Elastography Imaging Market, by Application, 2020-2027 (USD Million)

Table 5 Global Elastography Imaging Market, by End User, 2020-2027 (USD Million)

Table 6 Global Elastography Imaging Market, by Region, 2020-2027 (USD Million)

Table 7 North America: Elastography Imaging Market, by Modality, 2020-2027 (USD Million)

Table 8 North America: Elastography Imaging Market, by Application, 2020-2027 (USD Million)

Table 9 North America: Elastography Imaging Market, by End User, 2020-2027 (USD Million)

Table 10 US: Elastography Imaging Market, by Modality, 2020-2027 (USD Million)

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