Elastography Imaging Market Overview
Market Research Future (MRFR) studied the global elastography imaging market for the review period till 2030. As per MRFR study, the global elastography market is expected to touch 11.16% CAGR across the review tenure. By 2030, the elastography market value is likely to touch USD 2,538.2 Mn.
Elastography imaging is a diagnostic imaging technique that maps the elastic properties and stiffness of soft tissue. The soft tissue being soft or hard is used to determine the presence of diseases in the tissue. For instance, areas afflicted by cancerous tumors are often harder than their surrounding areas. Diseased livers are also stiffer than healthy livers, making elastography imaging an effective and informative diagnostic method. Elastography imaging is a noninvasive procedure that uses ultrasound or MRI techniques to make “stiffness maps” of soft tissues. This has been a major driver for the global elastography imaging market, as the demand for noninvasive diagnostic procedures has grown rapidly over the last few years. Growing awareness about noninvasive procedures among patients as well as doctors is likely to be a major driver for the global Elastography Imaging Market over the forecast period. Elastography imaging is also used to diagnose various chronic diseases whose prevalence is increasing around the world, such as cancer and liver cirrhosis. This is likely to be a major driver for the global elastography imaging market over the forecast period.
In addition, elastography imaging doesn’t require high amounts of training to operate the equipment. This has made it highly popular among medical establishments, as anyone with a basic level of training can operate the equipment. This has particularly been a major driver for the elastography imaging market in developing regions, where highly trained medical personnel are hard to find and thus the demand for easy-to-use medical procedures is increasing. On the other hand, elastography imaging equipment is highly expensive, making it harder to acquire in developing regions. This is likely to remain a key restraint on the global elastography imaging market over the forecast period.
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Elastography Imaging Market Segmentation
- The global elastography imaging market is segmented on the basis of modality, application, end user, and region.
- By modality, the global elastography imaging market is segmented into ultrasound and magnetic resonance elastography imaging. Ultrasound holds a larger share in the global elastography imaging market, but magnetic resonance elastography imaging is likely to grow at a higher rate over the forecast period due to its widespread availability of rising adoption.
- By application, the global elastography imaging market is segmented into radiology/general imaging, cardiology, OB/GYN, urology, vascular, orthopedic and musculoskeletal applications, and others. The radiology/general imaging segment holds the largest share in the global elastography imaging market due to the widespread use of elastography imaging for general imaging. The increasing prevalence of chronic diseases is likely to be a major driver for the general imaging segment, as radiological imaging is widely used to diagnose chronic diseases. The cardiology segment is expected to exhibit the highest growth rate over the forecast period due to the increasing patient population.
- By end user, the global elastography imaging market is segmented into hospital and ambulatory surgical centers, diagnostic centers, research laboratories, and others. The hospitals and ambulatory surgical centers segment dominates the global elastography imaging market.
Elastography Imaging Market Regional Analysis
The elastography imaging market in the Americas can grow at a high CAGR by 2023 as the per capita healthcare expense is observed to rise. The increasing adoption of modern technology in the region and the growing number of people adopting insurance coverage can favor the market rise in the review tenure. In the US, the improving reimbursement scenario as well as in Canada can drive the upsurge of the elastography imaging market in the Americas.
In Europe, the region is expected to hold the second position in the worldwide elastography imaging market. The market in the UK is likely to thrive owing to the residence of well-established healthcare system in the region. The increase in number of patients suffering from life-threatening diseases and the active indulgence of major players can promote the market in EU. In the Asia Pacific region, the forecast period owing to the elastography imaging market is likely to garner high revenue as capital investment in healthcare sector is expected to increase.
Elastography Imaging Market Players
- Esaote
- Canon Medical Systems Corporation
- Resoundant Inc
- Hitachi Ltd.
- Siemens AG
- Fujifilm Holdings Corporation
- Koninklijke Philips N.V.
- Mindray Medical International Ltd.
- Supersonic Imagine
- Samsung Electronics (Samsung Medison)
- General Electric Company
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