Elastography Imaging Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI3570
Elastography imaging market size is expected to grow significantly from 2019 to 2025.
The non-invasive analysis of tissue properties can be done through elastography imaging techniques. It takes advantage of altered soft tissue elasticity in numerous pathologies to produce quantitative and qualitative statistics that aids diagnosis. Elastography imaging market will grow significantly over the coming years on an account of increasing incidence of chronic liver diseases and breast cancer. Moreover, worldwide growing preference for non-invasive procedures further propels elastography imaging industry growth. Also, ongoing research leading to study of various applications in different abdominal tissues is expected to render a positive impact on business growth.
Several advantages provided by elastography imaging influences customer buying behavior. Advantages associated with elastography imaging include reproducibility, operator independence, and the capability of qualitative, quantitative, and semiquantitative evaluation of tissue elasticity deprived of manual density artifacts. Advantages associated with elastography imaging and growing awareness will boost industry growth over the coming years. Moreover, wide-ranging applications of shear wave elastography to assess elasticity of different tissues such as lymph nodes, muscles, breast, and thyroid and the abdominal organs such as pancreas and liver should favor business growth. However, high cost associated with elastography imaging systems may hinder industry growth.
Ultrasound elastography imaging of technique segment accounted for significant revenue share in 2018 due to wide availability, relative low cost, and quicker procedures. Ultrasound elastography has several advantages in clinical fields that further propels segment growth.
Portable segment will grow considerably during the forecast timeline. Growth is attributable to benefits associated with portable devices. Additionally, benefits include sonogram images of high quality and several ultrasound modes including endovaginal checkup, color Doppler, and echocardiography.
General imaging/radiology segment is estimated to witness exponential growth over the coming years. Growing incidence of numerous cancers across the globe coupled with technological advancements in elastography imaging are factors that will foster segmental growth.
Hospitals segment will grow significantly over the coming years owing to increasing number of MRI and ultrasound based elastography procedures performed in hospitals. Moreover, growing awareness coupled with rising demand for minimally invasive surgical procedures conducted in hospitals settings should favor segmental growth.
Europe elastography imaging industry accounted for substantial revenue share in 2018 and is projected to witness robust CAGR during the forecast timeframe. Growth is attributed to government initiatives for cancer diagnosis and surging number of cancer cases. Technological advancements and ongoing research should further boost regional growth.
Few prominent business players operating in the elastography imaging industry includes GE Healthcare, Koninklijke Philips N.V., Siemens, Canon Medical Systems, Hitachi Medical Systems, Samsung, Fujifilm Holdings, Shenzhen Mindray Bio-Medical Electronics and ESAOTE SPA. Prominent industry players focus on strategies such as merger, novel product launch and acquisition. For instance, in February 2017, Philips received FDA 510(k) clearance of ElastQ Imaging shear wave elastography to market for non-invasive analysis of liver tissue toughness.
Elastography Imaging Market By Technique, 2014-2025 (USD Million)
- Magnetic Resonance Elastography
- Ultrasound Elastography Imaging
Elastography Imaging Market By Modality, 2014-2025 (USD Million)
Elastography Imaging Market By Application, 2014-2025 (USD Million)
- General Imaging/Radiology
- Orthopedic & Musculoskeletal
Elastography Imaging Market By End-use, 2014-2025 (USD Million)
- Ambulatory Surgical Centers
- Diagnostic Centers
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- GE Healthcare
- Koninklijke Philips N.V.
- Siemens AG
- Canon Medical Systems Corporation
- Hitachi Medical Systems
- Fujifilm Holdings Corporation
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- ESAOTE SPA
- Supersonic Imagine
- Resoundant, Inc.
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