The global elastography imaging market is expected to exhibit a strong 11.1% CAGR over the forecast period from 2019 to 2025, according to the latest research report from Market Research Future (MRFR). The global elastography imaging market size was valued at USD 2.5 billion in 2018.
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 Market Share an effective and informative diagnostic method.
Elastography imaging market 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
Competitive Analysis:
Leading players in the global elastography imaging market include Canon Medical Systems Corporation, Esaote, Fujifilm Holdings Corporation, General Electric Company, Hitachi Ltd., Koninklijke Philips NV, Mindray Medical International Ltd., Resoundant Inc., Samsung Electronics (Samsung Medison), Siemens AG, and Supersonic Imagine.
Major players are engaged in product development in the global elastography imaging market. For instance, in February 2019, Esaote launched MyLabX8, a new ultrasound platform for hospitals and clinics.
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.
Regional Analysis:
The regional examination of the elastography imaging market comprises of the Americas, Europe, the Middle East, Asia Pacific, and Africa.
The Americas region is anticipated to govern the international market due to the soaring implementation of new technology in the region and the swelling per capita healthcare spending. Also, collective expenditures on research by healthcare associations are projected to drive the development of the elastography imaging market in this region. Moreover, the growth in the insurance handling and refining reimbursement situations in the US and Canada is also anticipated to drive the advance of the elastography imaging market.
The European region showed a considerable amount of expansion. The market progress in this region is credited to an upsurge in chronic diseases, the incidence of a firm healthcare system, and the participation of important companies.
The Asia Pacific is anticipated to have a fixed growth rate throughout the forecast period due to the growing number of patients with lasting diseases and government proposals for healthcare improvements. However, a reduction in capital investment is confining the elastography imaging market development in this region.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Market Research Future (MRFR) team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York, New York 10013,
United States of America
+1 646 845 9312